WASHINGTON (Reuters) -The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market, but the central bank should move cautiously with a close eye on emerging economic data. “Our overall sense is that, given the downside risks to full employment, there is scope …
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is set to leave interest rates unchanged on Thursday as inflation remains in line with its target, but a fraught trade and political outlook means it will keep alive the prospect of further easing. The ECB halved its key rate to 2% …
ECB to hold rates again but keep door ajar to further easing Read More »
By Tatiana Bautzer NEW YORK (Reuters) -Merrill Wealth Management is creating a new division to expand credit offerings to its wealthier clients, taking advantage of the growing demand for such products among the super rich, senior executives said on Wednesday. The group will begin with around 20 bankers, but may expand over time. Bank of …
Merrill creates new division to increase credit offerings to the wealthy Read More »
(Reuters) – Britain’s FTSE 100 closed lower on Wednesday, dragged down by consumer staples and industrials, while investors assessed a slew of corporate earnings. The blue-chip FTSE 100 closed down 0.2%, while the domestically focused mid-cap index edged 0.3% lower. In the market, consumer staples firms fell. Associated British Foods dropped 13.2%, logging its worst …
FTSE 100 closes lower as consumer staples, industrials drag; corporate earnings in focus Read More »
By Nikunj Ohri (Reuters) -The impact of U.S. tariffs on the Indian economy will be partially offset by recent consumption tax cuts that are expected to boost domestic demand, India’s Chief Economic Advisor said on Wednesday. The goods and services tax (GST) cuts announced by Prime Minister Narendra Modi’s government would have “compensating effects” on …
India’s tax reforms to partially offset tariff hit on GDP growth, economic adviser says Read More »
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday that more trade and financial integration among the BRICS group of developing nations would help mitigate the effects of protectionism. “Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues,” Lula said in the government’s published …
Brazil’s Lula calls for tighter trade ties for BRICS as tariffs bite Read More »
BUENOS AIRES (Reuters) -Argentina’s consumer price index is forecast to have risen 2.0% in August over July, inching up from a month earlier and driven by higher grocery and public transport costs, a Reuters poll showed. That reading would represent a marginal acceleration from July’s 1.9% monthly pace, but an overall downward trend for inflation …
Argentina August consumer prices seen rising 2.0% vs July: Reuters poll Read More »
By Maria Martinez (Reuters) – German exports unexpectedly fell in July on a sharp decline in U.S. demand due to Washington’s tariffs on European imports, official data showed on Monday, while a survey indicated that investor morale has plunged this month. Exports from Europe’s biggest economy fell by 0.6% in July from the previous month, …
German exports unexpectedly fall, investor morale plunges Read More »
(Reuters) – The prospect of a change in leadership and policy making at the U.S. Federal Reserve, in France, Japan and Norway will keep markets on alert, while the European Central Bank meets and investors brace for data from the U.S., China and Japan. Here’s your week ahead in global markets by Alden Bentley in …
RIYADH (Reuters) -Saudi Arabia’s gross domestic product (GDP) grew 3.9% in the second quarter of 2025 driven by the non-oil sectors, according to government data estimates released on Monday. Non-oil activity grew by 4.6% compared to the same quarter last year, according to the Saudi General Authority for Statistics. Sectors like electricity, gas and water …
