Reuters US Economy

BRASILIA (Reuters) – Brazil’s central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above the 25.7 billion reais surplus expected by economists polled by Reuters. In the 12 months to October, the central government recorded a primary surplus of 85.7 billion reais, equal to …

Brazil central govt posts primary budget surplus of $5.8 billion in October Read More »

By Nora Buli and Nerijus Adomaitis OSLO (Reuters) -Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday. The decision to postpone the so-called 26th licensing round was …

Norway to postpone oil and gas licensing round Read More »

(Reuters) – Discount-hunting shoppers snapped up more Pokemon cards, TVs and air fryers on Cyber Monday, pushing sales to $11.3 billion, making it the biggest U.S. online shopping day in history, according to data from Adobe Analytics. Sales, not adjusted for inflation, rose 5.8% from a year ago, per data from Adobe Analytics, which measures …

Cyber Monday sets sales record as shoppers splurge on toys, electronics- report Read More »

TAIPEI (Reuters) -Taiwan’s economy is likely to grow more slowly than previously forecast this year and next, the statistics office said on Tuesday, as it also cut its exports outlook due to global inflation, rate rises and China’s zero-COVID policy. Gross domestic product (GDP) for 2022 is now expected to be 3.06% higher than last …

Taiwan cuts 2022 GDP growth forecast on weakening exports Read More »

By Jihoon Lee SEOUL (Reuters) – South Korea’s exports were set for a second month of declines in November and by the steepest pace in 2-1/2 years, hurt by an economic slowdown in China and a downcycle in the tech industry, a Reuters poll showed on Tuesday. The country’s outbound shipments were projected to have …

South Korea November exports set to fall by most in 2-1/2 years – Reuters poll Read More »

NEW YORK (Reuters) – Speculators raised net short U.S. dollar positioning in the latest week to its largest level since July 2021, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday. The value of the net short dollar position hit $1.82 billion in the week ended Nov. 22 from …

U.S. net short dollar positioning hits largest level since July 2021 -CFTC, Reuters data Read More »

By Howard Schneider WASHINGTON (Reuters) – The successive shocks to global supply chains from the pandemic and the war in Ukraine could “herald a shift” to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy, Fed vice chair Lael Brainard said in remarks released on Monday …

Fed’s Brainard: Successive supply shocks a challenge for central banks Read More »

(Reuters) – The Federal Reserve needs to raise interest rates quite a bit further and then hold them there throughout next year and into 2024 to gain control of inflation and bring it back down toward the U.S. central bank’s 2% goal, St. Louis Fed President James Bullard said on Monday. “We’ve got a ways …

Fed has ‘a ways to go’ on interest rate hikes, Bullard says Read More »

LA PAZ (Reuters) – A 36-day general strike in Bolivia’s key farming region of Santa Cruz came to an end on Saturday, as lawmakers approved a guarantee to hold a population census in 2024, which will likely hand the region more tax revenues and seats in Congress. “We are lifting the strike and the blockades,” …

Bolivia’s key farming hub ends strike as lawmakers back census Read More »