BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes projected on Tuesday that the country’s gross debt would fall to 74.3% of GDP in 2022, the lowest level since 2018 (75.3%). Speaking at a news conference, he also estimated the central government’s primary budget surplus to reach 0.4% of GDP this year, higher than the 0.2% …
Brazil’s gross debt to fall to 74.3% of GDP in 2022, says Guedes Read More »
BRASILIA (Reuters) -Brazil’s government on Tuesday boosted its projection for this year’s fiscal surplus, which will be the first since 2013, thanks to more upward revisions in federal revenues. The Economy Ministry forecast a 23.4 billion reais ($4.4 billion) primary budget surplus for the central government, comprising Brazil’s Treasury, central bank and Social Security, up …
Brazil boosts forecast for 2022 budget surplus forecast to $4 billion Read More »
WASHINGTON (Reuters) – The White House said on Tuesday that it is open to seeing a debt ceiling increase approved before year-end in Congress’s post-election “lame duck” session. “That is something we are open to,” said White House spokesperson Karine Jean-Pierre. (Reporting by Steve Holland and Trevor Hunnicutt)
ATHENS (Reuters) – Egypt will provide 5,000 seasonal workers to help meet the growing needs of Greece’s agricultural sector under a pilot scheme agreed by the two countries on Tuesday. Greece’s foreign ministry said in a statement that the deal could be a ‘guide’ for future agreements signed by Greece and the EU with third …
Egypt to provide 5,000 farm workers to Greece in seasonal scheme Read More »
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm Stonepeak Partners is aiming to raise between $15 billion and $20 billion for its next flagship North American infrastructure fund to invest in assets such as utilities, data centers, ports and railways, according to people familiar with matter. The fundraising plans underscore strong demand from …
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Higher interest rates are starting to slow the Canadian economy, the Bank of Canada said on Tuesday, putting pressure on households with elevated debt and people who recently bought a home with a variable-rate mortgage. “It will take time to get back to solid growth with …
Bank of Canada says high rates starting to work, housing and debt a worry Read More »
MADRID (Reuters) – Spanish Economy Minister Nadia Calvino said on Tuesday she expects the 12-month inflation rate to remain at around 7% until the end of this year and will likely start falling from 2023. The inflation slowdown would be “the best news not only because it improves the sustainability of the economy and eases …
Spain’s inflation to remain at around 7% until year end, minister says Read More »
A look at the day ahead in European and global markets from Anshuman Daga: A nationwide spike in COVID-19 cases in China is again the main talking point for weary global markets on Tuesday as Beijing shut parks and museums and more cities resumed mass testing. Analysts are pushing back growth expectations for the world’s …
(Reuters) – European Central Bank policymaker Robert Holzmann backed a third straight 0.75 percentage point rise in the deposit rate for the next rate-setting meeting in December, the Financial Times reported on Tuesday citing an interview with him. Holzmann said that he does not “see signs of core inflation reducing” in the eurozone, according to …
ECB’s Holzmann backs 0.75 percentage point increase in December -FT Read More »
(Reuters) – U.S. companies borrowed 6% more in October to finance equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $11.3 billion in new loans, leases and lines of credit last month, compared with $10.7 billion a year earlier, according to …
U.S. business equipment borrowings grew 6% in October- ELFA Read More »
