Reuters US Economy

By Jorgelina do Rosario and Rodrigo Campos WASHINGTON/NEW YORK (Reuters) – Zambia last week gave its bondholders a “concrete proposal” for the restructuring of some $3 billion in eurobonds, the ministry of finance and national planning said on Friday. “We continue to engage actively with our bondholders and proposals are being exchanged,” the ministry told …

Zambia sent bondholders debt restructuring proposal, finance ministry says Read More »

(Reuters) – Peru’s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government’s INEI statistics agency said on Saturday, beating expectations by analysts who forecast a bigger decline. It was a second successive month of decline after the economy began to contract in January following 22 months of …

Peru’s GDP declines 0.63% in Feb, beats expectations Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund’s steering committee on Friday said it would accelerate its discussions on quota reforms at the global lender with an eye to making “considerable progress” by its next meeting in October. Spanish Economy Minister Nadia Calvino, who chairs the International Monetary and Financial Committee …

IMF steering committee aims for ‘considerable progress’ on shareholding reforms Read More »

By Hilary Russ and Katherine Masters NEW YORK (Reuters) -Tupperware’s financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food storage containers like Clorox’s GladWare. Popularized by suburban housewives hawking plastic tubs at private parties in the 1950s, …

Tupperware tumbles as cheaper rivals, to-go containers proliferate Read More »

By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) – Colombia is looking to issue a green bond before the end of 2023, likely in dollars, and could tap traditional credit markets again this year if borrowing costs fall, Finance Minister Jose Antonio Ocampo said on Friday. He said the amounts were not set yet, …

Colombian green, benchmark bonds likely this year -finance minister Read More »

By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks in March drove customers to move their money to bigger lenders. The largest U.S. lender gained $50 billion in deposits at the end …

JPMorgan amasses deposits as customers move money to largest U.S. bank Read More »

(Reuters) – The governing council of the Bank of Canada discussed raising interest rates at its policy meeting earlier this week before deciding to leave them on hold, the central bank’s governor, Tiff Macklem, said on Friday. Asked whether any council members were in favor of hiking rates at the meeting, Macklem said: “When I …

Bank of Canada discussed raising rates at latest policy meeting -governor Read More »

(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF program, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement from the State Bank of Pakistan. …

Pakistan’s cenbank governor says inflation to begin decelerating over next few months Read More »