Reuters US Economy

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is focused on identifying and prosecuting any form of misconduct that might threaten investors, capital formation or markets more broadly, SEC Chair Gary Gensler told Reuters on Thursday. Gensler made the comment in a written response when asked about a Reuters report that federal and …

U.S. SEC says focused on prosecuting misconduct that might threaten investors, markets Read More »

By Maria Martinez (Reuters) – German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data showed on Thursday. Exports decreased by 5.2% on the previous month, with exports to European Union countries falling 6.2%, to the United States declining 10.9% and to China dropping 9.3%, …

German exports fall significantly more than expected in March Read More »

By Indradip Ghosh BENGALURU (Reuters) – Growth in euro zone business activity sped up in April, though less than initially indicated, as robust services more than offset a downturn in manufacturing, according to a survey that also showed inflation was at its lowest in over two years. HCOB’s Composite Purchasing Managers’ Index (PMI), seen as …

Euro zone April business activity grows on strong services demand – PMI Read More »

BERLIN (Reuters) – German services sector activity grew in April at the fastest pace in a year as demand picked up, a business survey showed on Friday. The HCOB services Purchasing Managers’ Index (PMI) rose to 56.0 from 53.7 in March, climbing further above the 50 threshold that separates growth from contraction. Demand and new …

Upturn in German services sector activity continues in April Read More »

ROME (Reuters) – Italy’s services sector grew for a fourth month running in April and at the fastest rate since August 2021 amid rising confidence and continued growth in new business, a survey showed on Thursday. The HCOB Global’s Purchasing Managers’ Index (PMI) increased to 57.6 from 55.7 in March, climbing further above the 50 …

Italy’s service sector grows in April at fastest rate since Aug 2021 – PMI Read More »

By Bernardo Caram BRASILIA (Reuters) – Argentina has offered to fast-track imports from Brazil if its neighbor adopts a new credit system that reduces its dependence on the dollar, which it has in short supply, officials in both governments told Reuters. The proposal would cut the processing and payment time for Brazilian products to 30 …

Argentina could fast-track Brazilian imports in return for help financing them – sources Read More »

By David Lawder WASHINGTON (Reuters) -The U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from the damage caused by a failure to raise the federal debt ceiling, Fed Chair Jerome Powell said on Wednesday, adding that the government should never be in a position where it is unable to pay …

Fed’s Powell: don’t assume Fed can shield U.S. economy from debt limit default Read More »

NEW YORK (Reuters) – U.S. interest rate futures on Wednesday have priced in a pause in Federal Reserve tightening at the June and July policy meetings, according to the CME’s FedWatch tool, after the U.S. central bank raised interest rates by 25 basis points and signaled it may hold off on further increases. The Fed’s …

US rate futures price in Fed pause in June, July; see September cut Read More »