BEIRUT (Reuters) -The International Monetary Fund said on Friday that Lebanon should improve a bank restructuring law it has already passed to bring it in line with international standards and consider tax reforms to spark public spending on reconstruction efforts. The statement came at the end of the IMF’s mission to Lebanon, whose leaders have …
IMF urges Lebanon to improve reform laws, consider tax reforms Read More »
WARSAW (Reuters) -Poland’s economic output has been bolstered by investment from European Union funds that is expected to continue next year, the central bank said on Friday, but added that economic activity was expected to slow into 2026. “Forecasts indicate that GDP growth in the second half of 2025 will remain at a level similar …
EU funds bolster Poland’s economy, as export market weighs, central bank says Read More »
By Howard Schneider WASHINGTON (Reuters) -Richmond Federal Reserve President Thomas Barkin said Friday he sees limited risks of a big rise in either unemployment or inflation, letting the Fed balance its two goals as it debates further interest rate cuts. “Our focus is more about balance,” Barkin said in comments to be delivered at the …
Fed’s Barkin: Risks to both inflation, jobs, may be limited Read More »
JAKARTA (Reuters) -Indonesia’s central bank is committed to maintaining rupiah stability by using all available instruments “boldly”, including continued intervention in the offshore and onshore non-deliverable forward markets, its governor said on Friday. The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value, Governor Perry Warjiyo said, adding that …
Indonesia central bank to use all available instruments ‘boldly’ to stabilise rupiah Read More »
TOKYO (Reuters) -Japan revised real wages in July to a 0.2% fall from a previously reported growth of 0.5%, a labour ministry release showed on Friday. With the revision, Japan’s inflation-adjusted real pay has been logging contraction for seven consecutive months, casting doubt on the Bank of Japan’s ability to adjust its ultra-loose monetary policy. …
Japan revises July real wages to show contraction from growth Read More »
WELLINGTON (Reuters) -Consumer confidence in New Zealand rose in September, ANZ-Roy Morgan data showed on Friday, as easing monetary policy starts to feed through. The consumer confidence index rose to 94.6 in September from 92.0 in August. A reading above 100 shows optimism, while below that indicates pessimism. “It’s not all doom and gloom out …
New Zealand consumer confidence improves in September, survey shows Read More »
By Isla Binnie NEW YORK (Reuters) -The Managed Fund Association, a global trade group for the hedge fund and private credit industry, said on Thursday it backs the Trump administration’s push to let retirement savers shoot for bigger returns and diversify with more private equity, credit, cryptocurrency and real estate assets, but said safeguards must …
Fund group calls for clear rules on private assets in US 401(k)s Read More »
By Brendan O’Boyle and Emily Green MEXICO CITY (Reuters) -The Bank of Mexico cut its benchmark interest rate to its lowest level since May 2022 on Thursday and indicated it would consider further easing at future meetings, amid ongoing concerns about global trade tensions and sluggish economic growth in Latin America’s second largest economy. Banxico, …
Mexico’s central bank cuts interest rate despite core inflation concerns Read More »
PANAMA CITY (Reuters) -The Panama Canal said on Thursday that lawmakers in the Central American nation had approved the proposed budget for the key global freight channel for the 2025/26 fiscal year, which is expected to bring an increase in state contributions. For the October to September period, lawmakers backed a $5.21 billion budget for …
Panama lawmakers approve canal budget as treasury take seen up 15% Read More »
SAO PAULO (Reuters) -Inflation in Brazil sped up in the month to mid-September after briefly dipping into negative territory a month earlier, though it still undershot market expectations, data from statistics agency IBGE showed on Thursday. The figures come as Brazil’s central bank signaled it was entering a “new stage” of steady interest rates for …
Brazil’s mid-September inflation rebounds on higher housing prices Read More »
