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JAKARTA (Reuters) -Indonesia’s parliament on Tuesday approved President Prabowo Subianto’s proposed budget for 2026, which includes spending of 3,842.7 trillion rupiah ($231.5 billion) and forecasts the fiscal deficit at 2.68% of gross domestic product. The budget, which the parliament speaker put to a vote, assumes economic growth of 5.4%, up from the 2025 target of 5.2%, …

Indonesia parliament passes Prabowo’s $231 billion budget for 2026 Read More »

By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -The New Zealand government will make an announcement related to the Reserve Bank of New Zealand on Wednesday at 1 p.m. (0100 GMT), Finance Minister Nicola Willis’ office said on Tuesday, as markets await the appointment of a new central bank governor. Christian Hawkesby has been in …

NZ Finance Minister to make central bank announcement Wednesday as markets await new governor pick Read More »

SAO PAULO (Reuters) -Brazil’s government will need to tighten spending curbs in order to comply with its fiscal framework this year, it said in a bimonthly revenue and expenditure report published on Monday. The report, released by the Planning and Finance ministries, showed the spending block will now amount to 12.1 billion reais ($2.27 billion), …

Brazil tightens spending curbs to meet fiscal targets Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled marginally lower on Monday as concerns of an oversupply outweighed geopolitical tensions in Russia and the Middle East. Brent crude oil futures settled 11 cents, or 0.2%, lower at $66.57 a barrel. The global benchmark has traded between $65.50 and $69 since early August. U.S. West Texas …

Oil dips as Iraq exports rise amid demand concerns Read More »

By Arasu Kannagi Basil (Reuters) -Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the flood insurance provider are targeting to raise up to $368.4 million by offering 18.4 million shares …

Flood insurance provider Neptune targets $2.8 billion valuation in US IPO Read More »

(Corrects crop year to 2026/27 from 2025/26 in paragraph 1. Corrects crop year to 2025/26 from 2024/25 in paragraph 10) By May Angel LONDON (Reuters) -Ecuador is on course to produce more than 650,000 metric tons of cocoa in the 2026/27 season and could surpass Ghana as the world’s second largest grower of the chocolate …

Ecuador set to become world’s No. 2 cocoa grower, industry head says Read More »

By Aatreyee Dasgupta (Reuters) -Compass, the largest U.S. residential real estate broker, is set to buy Anywhere Real Estate in a deal valued at $4.2 billion, as it looks to strengthen its portfolio amid rising competition in the stagnating housing market. Elevated mortgage rates and resulting consumer affordability challenges in the U.S. have pressured profitability …

Real estate brokerage Compass to buy rival Anywhere in $4.2 billion deal Read More »