Reuters US Economy

By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission will vote on whether to propose some of the biggest changes to the American equity markets in nearly two decades at a Dec. 14 meeting, the agency said on Wednesday. The potential changes include new rules that would require marketable retail stock …

U.S. SEC to vote on proposals that could overhaul Wall St. trading Read More »

(Reuters) – Argentina President Alberto Fernandez has asked the European Union to renegotiate a landmark trade deal with South America, saying the agreement is unbalanced and a threat to the car industry in Brazil and Argentina, the Financial Times reported. “What we have to do is sit down and look at how we can reach …

Argentina urges EU to renegotiate South American trade pact – FT Read More »

By Anna Koper WARSAW (Reuters) -The National Bank of Poland (NBP) left its main interest rate unchanged at 6.75% on Wednesday, it said, as it bets that a slowdown in the global economy will help bring inflation under control. Faced with surging consumer prices on one hand and slowing growth on the other, central European …

Polish central bank keeps rates steady as it flags slowdown Read More »

BERLIN (Reuters) – German industrial production fell less than expected in October, official data showed on Wednesday, in part dragged down by a decrease in production in energy-intensive industrial sectors. Industrial output was down 0.1% on the previous month, the Federal Statistical Office said. In a Reuters poll, analysts had pointed to a 0.6% decrease. …

German industrial output falls less than expected in October Read More »

By Ismail Shakil OTTAWA (Reuters) – Canada’s exports rose in October, largely driven by pharmaceutical products, while imports were also up, largely as a result of a depreciation of the Canadian dollar, data showed on Tuesday. The country’s trade surplus with the world grew to C$1.21 billion ($888.53 million) in October, Statistics Canada said, slightly …

Canada exports rose in October helped by weak dollar Read More »

By Patrick Werr CAIRO (Reuters) – Headline inflation in Egypt is likely to have sped up in November, a Reuters poll showed on Tuesday, after a currency devaluation in October and continued restrictions on imports put renewed upward pressure on prices. The median forecast of 14 analysts showed annual inflation at 18.75% in November, up …

Egypt inflation seen jumping to 18.75% in November, post-devaluation – Reuters Poll Read More »

WARSAW (Reuters) – Poland’s financial regulator KNF has adopted a new dividend policy for banks for 2023, allowing them to pay out a percentage of their net profit to shareholders depending on meeting specific criteria, it said on Tuesday. To qualify to pay up to 50% of 2022 net profit, banks will need a leverage …

Polish regulator sets 2023 dividend policy for banks Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter if the trend persists. The report from the Commerce Department on Tuesday, which followed …

U.S. trade deficit widens as goods exports hit seven-month low Read More »