JOHANNESBURG (Reuters) – Activity in South Africa’s private sector expanded in December but at a slower pace than in November as high prices and power cuts continued to depress client demand, a survey showed on Thursday. S&P Global’s South Africa purchasing managers’ index (PMI) contracted to 50.2 in December from 50.6 in November, remaining just …
South African businesses expand at slower pace in December -PMI Read More »
(Reuters) -Inflation in the United States has not “turned the corner yet” and it is too early for the Federal Reserve to declare victory in the fight on rising prices, a top IMF official said in an interview with the Financial Times on Thursday. Gita Gopinath, a deputy managing director of the Fund, urged the …
U.S. inflation has not ‘turned the corner yet’, IMF’s Gopinath warns -FT Read More »
ANKARA (Reuters) – Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday. Nebati told a news conference the mortgage loans with amount up to 5 million lira ($266,823), will have up to 15 years maturity and rates …
Turkey announces cheaper mortgages for mid-income Turks Read More »
A look at the day ahead in European and global markets from Tom Westbrook The first trading day for most major markets in Asia was a choppy one, as investors grappled with the contradictory implications of China’s opening up and a resurgence in COVID-19 cases. European and U.S. futures struggled to make headway. Surveys out …
SEOUL (Reuters) – South Korea’s central bank governor said on Tuesday the bank will do its best to ensure a soft landing for the economy amid significant internal and external uncertainty. “The Bank of Korea, together with the government, will do its best in making sophisticated policy responses to achieve a soft landing of the …
Bank of Korea working hard to ensure economy’s soft landing -governor Read More »
BRASILIA (Reuters) – Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series started in 1989. In December, the trade surplus was $4.8 billion, said the Development, Industry, Trade and Services ministry. That exceeded the $3 billion surplus forecast in a Reuters poll with economists. The …
Brazil posts record trade surplus of $62.3 billion in 2022 Read More »
By Anthony Boadle BRASILIA (Reuters) -Brazilian markets delivered a withering verdict on leftist President Luiz Inacio Lula da Silva’s first full day in office on Monday, after he pledged to prioritize social issues and ordered a budget-busting extension to a fuel tax exemption. Lula’s decision to extend the fuel tax exemption, which will deprive the …
Brazil markets tumble on Lula’s first full day in office Read More »
(Reuters) – Remittances to Mexico from abroad dropped in November to $4.8 billion after a series of record months, data from the Mexican central bank showed on Monday, amid fears of a global economic slowdown. Mexico had enjoyed six consecutive months of remittances over $5 billion since May, culminating with October’s record of $5.36 billion. …
Remittances to Mexico drop in November amid economic crunch fears Read More »
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with exports rising 12.9% to $254.2 billion and imports jumping 34.3% to $364.4 billion. In December, the trade deficit widened 52% from a year earlier to $10.381 billion, with exports up …
Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry Read More »
DAMASCUS (Reuters) – Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500. The official rate was previously set at 3,015. An economic crisis in the country has been triggered by years of …
