By David Lawder RALEIGH, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that the U.S. still has a “good healthy labor market” even though the pace of job creation has slowed in recent months. Yellen told reporters in North Carolina that July’s unemployment rate of 4.3%, a three-year high, is still …
Yellen says US labor market healthy despite slower hiring pace Read More »
BRASILIA (Reuters) – Brazil’s central government posted a primary budget deficit that came in higher than expected, official data showed on Thursday, even after a strong expansion in public revenues. The deficit was 9.283 billion reais ($1.66 billion) in July, the Treasury said, while economists polled by Reuters were expecting a 8.8 billion real shortfall. …
Brazil’s central government budget deficit reaches $1.66 billion in July Read More »
BRASILIA (Reuters) -Brazil’s central bank’s director of economic policy said on Thursday that since their latest interest rate-setting meeting, policymakers have observed stronger economic growth in the country and the trends they had been monitoring have proven to be persistent. Speaking at a UBS event, Diogo Guillen noted that the exchange rate “is a bit …
Brazil’s central bank sees stronger growth, higher FX since latest policy meeting Read More »
By Shubham Batra and Lisa Pauline Mattackal (Reuters) -European stocks fell on Thursday as mixed economic data spurred worries about global growth and offset gains in interest rate-sensitive sectors, with France’s CAC 40 leading national declines. The pan-European STOXX 600 index fell 0.5%, with sectors tracking healthcare, chemicals and personal goods all falling over 1%. …
European shares slip on growth jitters; French stocks lead decline Read More »
By Davide Barbuscia NEW YORK (Reuters) – Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to fall below those on longer-term debt, analysts at JPMorgan said. The closely watched gap between two-year and 10-year Treasury yields turned positive for …
Cash could stay attractive for months despite rate cuts, JP Morgan says Read More »
BRASILIA (Reuters) – Brazil’s Senate will vote on the nomination of current central bank’s director Gabriel Galipolo as the new chief of the monetary authority on October 8, chief of the upper house Rodrigo Pacheco said on Wednesday. Before the confirmation voting in Senate, Galipolo’s nomination by President Luiz Inacio Lula da Silva needs to …
Brazil’s Senate to vote on Galipolo’s nomination as cenbank chief on Oct 8 Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government expects public debt linked to interest and foreign exchange rates to surpass half of the total debt this year, a level last seen in October 2006, the Treasury indicated in a revision of its annual financing plan on Wednesday. Known as LFTs, the bonds tied to the …
By Lindsay Dunsmuir (Reuters) -U.S. economic activity expanded more slowly from the middle of July through late August and businesses pulled back on hiring, signals that underscore why the Federal Reserve is set to begin to lower interest rates later this month. The U.S. central bank’s latest temperature check on the health of the economy …
US firms see weaker employment growth as economy slows, Fed survey shows Read More »
WASHINGTON (Reuters) – Democratic presidential nominee Kamala Harris is planning to propose a less drastic increase in the top capital gains tax rate, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The move, if taken by Harris, would break with a plan outlined by President Joe Biden in his budget …
Harris to pare back Biden’s capital-gains tax proposal, WSJ reports Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union is falling behind global rivals due to limited innovation, high energy prices and skills gaps, former European Central Bank chief Mario Draghi told policymakers on Wednesday ahead of his much-anticipated report on the topic. The European Commission asked Draghi a year ago to write a report …
Draghi says EU is falling behind its rivals in competitiveness Read More »
