Reuters US Economy

MEXICO CITY (Reuters) – Mexico’s economy is slowing, Bank of Mexico deputy governor Jonathan Heath said on Friday after official data showed economic activity shrank in November and December. Economic activity in Latin America’s second-largest economy slipped 0.4% in December from November and contracted 0.1% in November from October in seasonally-adjusted terms, according to a …

Mexican central banker says ‘it is clear’ economy is slowing Read More »

By Nell Mackenzie LONDON (Reuters) – Almost $125 billion worth of assets, from performance losses left the hedge fund industry in 2022, Hedge Fund Research (HFR) data showed on Friday in the latest sign of the havoc that volatility wreaked on the industry last year. Investors rethought putting their money into hedge funds, leading to …

Hedge fund industry lost $125 billion worth of assets in 2022 – HFR Read More »

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is set to again slow the pace of its interest rate increases at a Jan. 31-Feb. 1 policy meeting while also signaling that its battle against inflation is far from over. Economic data since the U.S. central bank’s last meeting in December have showed inflation continuing …

Smaller Fed rate increase may augur end to ‘ongoing’ hikes Read More »

MEXICO CITY (Reuters) – President Andres Manuel Lopez Obrador said on Thursday he had met with representatives of four Canadian firms and resolved their problems with Mexico’s electricity sector, after agreeing to see them at talks with Canadian Prime Minister Justin Trudeau last week. The four in question were pension fund La Caisse de depot …

Mexico president says he resolved Canada firms’ concerns in energy dispute Read More »

By Howard Schneider, Ann Saphir and Bianca Flowers WASHINGTON (Reuters) – Evidence in favor of a “soft landing” for the U.S. economy, in which inflation declines without major job losses, appears to be growing, Federal Reserve Vice Chair Lael Brainard said on Thursday in remarks that excluded any explicit policy preference for the U.S. central …

Fed’s Brainard says data may be aligning for ‘soft landing’ scenario Read More »

(Reuters) – Brazil’s government does not intend to make changes to the country’s central bank, Institutional Relations Minister Alexandre Padilha said on Thursday, seeking to appease markets after leftist President Luiz Inácio Lula da Silva’s public criticism of the institution. “There is no predisposition on the part of the government to make any changes in …

Brazil government does not plan to interfere in central bank, says minister Read More »

FRANKFURT (Reuters) – The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data showed on Thursday. The euro zone recorded an adjusted current surplus of 13.6 billion euros after a 0.5 billion deficit a month earlier, mostly likely …

Euro zone swings back to current account surplus in Nov Read More »

(This Jan. 18 story has been corrected to change the timing of IMF MD Georgieva’s visit to Zambia from “in two weeks” to “next week” in paragraph 14) By Marc Jones and Rachel Savage LONDON (Reuters) – Zambia received a “debt-for-nature swap” proposal as part of its $13 billion restructuring discussions, a move that while …

Zambia received ‘debt-for-nature’ proposal from WWF for restructuring Read More »

BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday. Turnover in restaurants and hotels increased by 47% year-on-year in 2022 in real terms, as the sector benefited from the easing of pandemic restrictions, the office said. …

Turnover in Germany’s restaurants, hotels rose markedly in 2022 Read More »

MADRID (Reuters) -Spain’s Bankinter said on Thursday its fourth-quarter net profit rose 58% from the same period in 2021 as its financial margins widened thanks to higher interest rates and its overall loan portfolio expanded. The country’s fourth-biggest lender by market value reported a net profit of 130 million euros ($140.4 million) in the October …

Bankinter’s Q4 net profit rises 58%, 2022 profit reaches target a year early Read More »