Reuters US Economy

BRASILIA (Reuters) -Outstanding bank lending in Brazil continued to lose momentum in August, central bank data showed on Monday, as high interest rates helped cool activity in Latin America’s largest economy. Credit growth over the past 12 months slowed to 10.1% in August, down from 10.8% in July. The central bank projected last Thursday that …

Brazil bank lending slows further in August as tight monetary policy bites Read More »

BEIJING (Reuters) -Japan harmed the interests of Chinese and Japanese firms by adding some Chinese entities to its export control list, Beijing’s commerce ministry said in a statement on Monday. China urges the Japanese side to immediately cease the “wrongful practice” of putting Chinese enterprises on its “End User List”, the ministry said. China welcomes …

China urges Japan to stop putting Chinese firms on export control list Read More »

DUBAI (Reuters) -Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed approved a 42 billion dirham ($11.4 billion) expansion of the “the Liveability Strategy” to deliver further projects that enhance the quality of life, state news agency (WAM) reported on Monday without giving details on the projects. ($1 = 3.6726 UAE dirham) (Reporting by …

Abu Dhabi approves $11.4 billion expansion of strategy to enhance quality of life Read More »

(Reuters) -Spain received a double boost from global ratings agencies Moody’s and Fitch on Friday, joining S&P Global to upgrade the country’s rating citing its improving economy and labour market. The country’s economy, which expanded more than initially expected, outpaced its euro zone peers in the second quarter as all major sectors expanded. Unemployment also …

Spain gets triple credit boost as Moody’s, Fitch join S&P in upgrades Read More »

BEIJING (Reuters) -China is confident in its ability to maintain sustained economic growth and continue supporting global development, Premier Li Qiang told the United Nations General Assembly in New York on Friday. Li criticised unilateral and protectionist measures such as tariffs, saying they were contributing to a global economic slowdown. He called for closer international …

China is confident in sustaining economic growth, premier says Read More »

OTTAWA, Sept 26 (Reuters) – Canada recorded a slightly higher C$7.79 billion ($5.59 billion) budget deficit for the first four months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday. By comparison, the deficit in the same period a year earlier had been C$7.30 billion, it …

Canada budget deficit over first four months of 2024/25 rises to C$7.79 billion Read More »