Reuters US Economy

By Monica Machicao LA PAZ (Reuters) -Bolivia is committed to protecting its subsidy-reliant, big-state economic model despite deficit risks and is planning an “aggressive” push into gas exploration, the economy minister told Reuters. The landlocked nation is a key gas producer and subsidizes the sector to rein in fuel prices as well as the production …

Bolivia to protect big-state economic model, plans ‘aggressive’ gas push: minister Read More »

(Reuters) – Most major stock markets in the Gulf fell in early trade on Thursday as soaring COVID cases in China unsettled investors and cast doubt over chances of a swift recovery for the world’s second-biggest economy. Chinese hospitals and funeral homes were under intense pressure on Wednesday as surging infections drained resources, while the …

Most major Gulf markets drop as China COVID surge sours sentiment Read More »

By Dan Burns (Reuters) – Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that month surged above 7% and further stifled demand, a pair of closely watched surveys showed on Tuesday. The S&P CoreLogic Case …

Double-digit U.S. home price growth streak skids to an end Read More »

By David Randall NEW YORK (Reuters) -Cathie Wood’s ARK Innovation Fund, which more than doubled during the pandemic rally, is on pace to finish near the very bottom of all U.S. mutual funds in 2022 after surging inflation and higher interest rates dried up appetite for high-growth shares. The ARK Innovation Fund has lost around …

Analysis-Wood’s ARK slammed by higher interest rates in 2022 along with other growth funds Read More »

CAIRO (Reuters) – Bahrain’s Q3 real GDP has increased to 4.2 percent year-on-year, its finance ministry said in a statement on its Twitter account on Monday. The non-oil sector has grown by 4.9 percent, the statement added. (Reporting By Moaz Abd-Alaziz and Nayera Abdallah; Editing by Howard Goller)

By Marcela Ayres BRASILIA (Reuters) – Brazil’s sovereign floating rate bond redemptions will hit a record high next year, underscoring the fiscal challenge facing President-elect Luiz Inacio Lula da Silva as he raises the spending ceiling to fund a social welfare package. Redemptions on the LFT bonds, which are linked to benchmark interest rates, will …

Brazil’s record 2023 bond bill underscores rising debt burden Read More »

By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to “secure internal approvals” from the financial sector, the Finance Ministry said in a statement late on Saturday. The ministry also announced a change to the debt exchange, with eight additional …

Ghana again extends domestic debt exchange registration deadline Read More »

By Lewis Krauskopf NEW YORK (Reuters) – A rough year for U.S. stocks is winding down, but the market’s pain may be far from over, as investors brace for an expected recession in 2023. With only a handful of trading days left in 2022, the benchmark S&P 500 index is down 19.8% year-to-date and headed …

Analysis-US stock investors face recession fears as they bid good riddance to 2022 Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fast enough to discourage the Federal Reserve from driving interest rates to higher levels next year. Slowing economic activity heading into 2023 amid rising borrowing …

U.S. consumer spending, inflation rise moderately amid rate hikes Read More »