WASHINGTON (Reuters) -The World Bank said on Tuesday it would accelerate support for Argentina, combining public-sector financing with private investment to deploy up to $4 billion in coming months to support the South American country’s reform agenda. The bank said the investments would focus on mining and the critical minerals sectors, boosting tourism and expanding …
World Bank says will accelerate support for Argentina Read More »
By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank cut its key lending rate for the first time since 2020 on Tuesday, lowering it by 50 basis points as inflation is falling from very high levels. The move takes the Central Bank of Nigeria’s Monetary Policy Rate to 27%. Economists polled by Reuters …
Nigeria central bank cuts key rate for first time since 2020 Read More »
By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economic activity likely grew 3.3% year-on-year in July, according to median forecasts of 15 local and international analysts polled by Reuters. In June, official data from the National Institute of Statistics and Census (INDEC) showed year-on-year growth of 6.4%, signaling a sharp slowdown in July. Argentina’s monthly economic activity …
Argentina’s economic activity seen up 3.3% July, a sharp slowdown: Reuters poll Read More »
By Howard Schneider WASHINGTON (Reuters) -The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank’s current interest rate debate. The new “real-time” set of labor market statistics, …
Chicago Fed releases interim unemployment estimate, with September at 4.3% Read More »
By Panarat Thepgumpanat BANGKOK (Reuters) -Thailand’s incoming government aims to present a key policy statement to parliament before September 30, so that it can use funds from its current budget to stimulate the economy, an official with the ruling party told Reuters on Tuesday. Siripong Angkasakulkiat, a deputy leader of the ruling Bhumjaithai Party, said …
New Thai government aiming to present key policy statement before Sept 30, official says Read More »
By Leigh Thomas PARIS (Reuters) -Global growth is holding up better than expected, but the full brunt of the U.S. import tariff shock is still to be felt as AI investment props up U.S. activity for now and fiscal support cushions China’s slowdown, the OECD said on Tuesday. In its latest Economic Outlook Interim Report, …
Full impact of U.S. tariff shock yet to come as growth holds up, OECD says Read More »
BERLIN (Reuters) -Germany’s Finance Minister Lars Klingbeil presented the 2026 draft budget to parliament on Tuesday, with soaring borrowing levels – aimed at reviving growth – marking a dramatic shift away from decades of fiscal discipline. Here’s what you need to know about Germany’s fiscal transformation: WHAT ARE THE KEY NUMBERS IN GERMANY’S 2026 BUDGET? …
Explainer-What is included in Germany’s 2026 draft budget? Read More »
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent’s pledge of “large and forceful” actions to stabilize Argentina’s wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while. Bessent’s backstop for Argentina with Treasury’s occasionally used $219.5 billion Exchange Stabilization …
Analysis-US Treasury’s support for Argentina gives peso, Milei friendly leg-up, for now Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s central bank wants to avoid unintended consequences from any measures such as a tax on gold trading that it takes to curb the baht’s strength, a senior Bank of Thailand official said on Tuesday. The baht’s rise to a four-year high against the U.S. dollar is seen …
By Uditha Jayasinghe and Krishna N. Das COLOMBO (Reuters) -Sri Lanka’s first leftist president has surprised investors by embracing pro-market reforms in his first year, and plans fresh steps to boost investment and energy supplies after crippling shortages during the 2022 economic collapse, officials say. President Anura Kumara Dissanayake’s election promise to rework a $2.9 …
Analysis-From crisis to cannabis: Sri Lanka’s president surprises with pro-market pivot Read More »
