By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s trade surplus this year is likely to fall short of prior forecasts, according to private economists and an Economy Ministry official, as a spike in the cost of imported fuel and fertilizer offsets strong exports of other raw materials. The official, who requested anonymity to …
Brazil 2022 trade surplus outlook dims, but record still in reach Read More »
By Marc Frank HAVANA (Reuters) – Cuba plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro’s 1959 revolution, the government said late on Monday, in a bid to dig out of the island nation’s worst economic crisis in decades. Deputy Trade Minister Ana Teresita Gonzalez …
Cuba cracks open door to foreign investment in domestic trade Read More »
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble weakened towards 62 to the U.S. dollar on Tuesday, pressured by falling oil prices but supported by looming taxes that usually boost demand for the Russian currency, while stock indexes climbed higher. At …
By Devjyot Ghoshal and Uditha Jayasinghe KILINOCHCHI/COLOMBO, Sri Lanka (Reuters) – Nallathambi Mahendran walked through his four acres of emerald green paddy fields in northern Sri Lanka’s Kilinochchi district, indicating the height the plants should have reached by now. They were several feet short. The standing paddy crop across most of this major rice growing …
Sri Lanka faces looming food crisis with stunted rice crop Read More »
A look at the day ahead in European and global markets from Anshuman Daga While global stocks are still hovering near multi-month highs, despite a batch of bad economic data from China, worries about a sharp slowdown in growth are keeping them rangebound. There’s near consensus that China’s unexpected move to ease borrowing costs to …
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver its fourth straight half-point rate hike on Wednesday, but most economists see rates peaking below policymakers’ forecast after the most aggressive tightening in two decades to tame soaring inflation. Some analysts are even looking for cuts in the official cash rate …
NZ set for fourth 50-bp rate hike this week, economists eye lower peak Read More »
BRASILIA (Reuters) – Economic activity in Brazil rose more than expected in June, a central bank index showed on Monday, contributing to a second-quarter rally helped by a service sector rebound following the impact of the COVID-19 pandemic. The IBC-Br economic activity index, a leading indicator of gross domestic product, rose a seasonally adjusted 0.69% …
Brazil economic activity much brisker than expected in June Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at which it is shrinking its massive $8.9 trillion balance sheet. The move to accelerate quantitative tightening (QT), as it’s referred to, is meant …
Analysis-Fed faces balance sheet dilemma as U.S. economy slows Read More »
CARACAS (Reuters) – The Venezuelan central bank’s gold reserves dropped by six tonnes as of June 2022, according to the bank’s first-half balance sheet published in a local media outlet last week and seen by Reuters on Monday. The quantity of gold bars in the bank’s vaults at the end of the first half of …
Venezuela’s gold reserves drop six tonnes in the first half of 2022 Read More »
By Steven Scheer JERUSALEM (Reuters) -Israel’s annual consumer price index (CPI) rose to a higher than expected rate of 5.2% in July, the most since October 2008 and following a 4.4% rate in June, as more aggressive interest rate hikes loom and keep the soaring cost of living centre stage ahead of an election in …
Israel inflation rate jumps to new 14-year high of 5.2% y/y in July Read More »
