Reuters US Economy

MEXICO CITY (Reuters) – Mexican distiller Becle , better known as the parent company of tequila brand Jose Cuervo, updated its 2022 full-year guidance on Friday, improving net sales estimates after posting a positive quarterly report. The company now expects full-year net sales growth in the mid-teens, Chief Financial Officer Fernando Suarez said, up from …

Mexican tequila maker Cuervo sees improved sales growth Read More »

By Valentine Hilaire MEXICO CITY (Reuters) – The Mexican peso could close 2023 at 19.00 vs the U.S. dollar, Barclays analysts said on Friday, citing well-financed public accounts, appropriate actions taken by the country’s central bank and benefits from nearshoring. The peso-dollar exchange rate would ease 4.15% from its current levels if the forecast is …

Barclays sees rosy outlook for Mexican peso in 2023 Read More »

By Rod Nickel WINNIPEG (Reuters) -Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom executives, Prime Minister Justin Trudeau said on Friday. “Canadians will now be able to go to major banks to purchase …

Canada raising money for Ukraine with sale of bonds Read More »

MEXICO CITY (Reuters) – Mexico’s economy likely grew between July and September for the fourth consecutive quarter, though at a slower rate due to a slowdown in the United States, a Reuters poll showed Friday. Gross domestic product (GDP) is expected to have grown 0.6% quarter-over-quarter in seasonally adjusted terms, down from 0.9% growth in the …

Mexico’s economy seen growing in Q3, but at slower pace – Reuters poll Read More »

BERLIN (Reuters) – The German economy grew unexpectedly in the third quarter, data showed on Friday, as Europe’s largest economy staved off the threat of recession for now despite high inflation and concerns over energy supply. Gross domestic product increased by 0.3% compared to the previous quarter in seasonally adjusted terms, the federal statistics office. …

German economy posts unexpected Q3 growth Read More »

BEIJING (Reuters) – China’s state planner on Friday issued the 2022 list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors in a bid to improve industrial and supply chains. The new list, with the number of industries expanding to 519 from 480 in the last …

China expands list of sectors for foreign investment, focusing on manufacturing Read More »

MADRID (Reuters) -Spain’s economic growth slowed down sharply to 0.2% in the third quarter from the previous three-month period when gross domestic product expanded 1.5%, slightly missing expectations, flash data from the National Statistics Institute showed on Friday. The economy was held back by a fall in investment, reflected especially in slowing construction, which, however, …

Spain’s quarterly growth slows to 0.2%, missing expectations Read More »

MEXICO CITY (Reuters) -Mexico’s Grupo Bimbo on Thursday posted a 51% year-on-year jump in its third quarter net profit, beating estimates, boosted by strong sales and product price increases to tackle rising inflation. Grupo Bimbo’s earnings stood at 6.06 billion pesos ($301 million) in the July to September period, the company said in a statement, …

Mexico’s Bimbo beats Q3 estimates, driven by product price hikes Read More »

BRASILIA (Reuters) – Brazil’s central bank on Thursday said it would hold auctions starting on Friday to roll over $15.1 billion in traditional currency swaps maturing on Dec. 1. The central bank in a statement said daily traditional swap auctions would be held as long as necessary for the expiring stock to be fully renewed. …

Brazil central bank to roll over currency swaps expiring in December Read More »