BEIJING (Reuters) -China’s rare earth exports in August fell 3.4% from July, customs data showed on Monday. The world’s largest producer of rare earths last month exported 5,792 metric tons of a group of 17 minerals used in products vital for autos, consumer electronics and defence, data from the General Administration of Customs showed. That …
China August rare earth exports fall 3.4% on month Read More »
By Tuvan Gumrukcu and Nevzat Devranoglu ANKARA (Reuters) – Turkey’s medium-term economic programme forecasts inflation to hit 28.5% in 2025 and 16% in 2026, before reaching single digits from 2027, according to a text of the economic roadmap published in the Official Gazette on Sunday. The programme, which sets the government’s economic roadmap for the …
Turkey sees inflation at 28.5% in 2025 with single digits by 2027, programme says Read More »
BUCHAREST (Reuters) -Romania’s broad coalition government survived four back-to-back no confidence votes on Sunday, allowing it to push through deficit-lowering tax hikes and spending cuts that have angered public sector workers and raised the prospect of strikes. The four-party coalition government must lower the highest budget deficit in the European Union to avert a ratings …
Romanian coalition government survives multiple no confidence votes over deficit cuts Read More »
(Reuters) -Fitch Ratings revised Poland’s outlook to “negative” from “stable” on Friday, citing growing risks to public finances as the key driver. The agency flagged wider-than-expected deficits and a lack of credible fiscal consolidation plans, warning that political hurdles could delay reforms ahead of the 2027 parliamentary elections. It now sees government debt climbing more …
Fitch revises Poland’s outlook to ‘negative’ on weakening public finances Read More »
By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -U.S. stocks briefly hit record highs on Friday before reversing course to trade lower, after data showing U.S. job growth cooled in August led investors to double down on bets that the Federal Reserve might cut interest rates later this month, maybe by as much …
US stocks brush record highs as weak jobs data fuel rate cut bets Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose on Friday to another record high, led by gains for technology and gold mining shares, as disappointing U.S. and Canadian jobs data spurred investors to raise bets on interest rate cuts. The S&P/TSX composite index ended up 134.74 points, or 0.5%, at 29,050.63, eclipsing Thursday’s record …
TSX adds to daily winning streak as weak data boosts rate cut bets Read More »
(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee, speaking Friday after data showed further job-market weakening, said he is still undecided whether September is the right timing for an interest rate cut, while also defending the need to keep the U.S. central bank insulated from short-term political pressure. In an interview on Bloomberg TV, …
Fed’s Goolsbee says he’s undecided on Sept rate cut, defends Fed independence Read More »
By Johann M Cherian (Reuters) -European stocks surrendered early gains to finish lower on Friday, dragged by energy and financial shares, as investors turned cautious after softer‑than‑expected U.S. payrolls data heightened concerns about cracks in the world’s largest economy. The pan-European STOXX 600 ended 0.16% lower at 541.21, with the energy index weighing heavily with …
European stocks retreat at close as weak US payrolls stoke slowdown fears Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Friday announced new measures approved by its board to strengthen the security of the country’s financial system, following recent cyberattacks on financial institutions. Effective immediately, payment institutions not authorized by the central bank and connected to the National Financial System Network via IT service providers will …
Brazil’s central bank enhances security of the financial system Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada had almost 1.6 million people unemployed in August as the economy lost thousands of jobs and its unemployment rate reached a nine-year peak barring the pandemic years, data showed on Friday, pushing up rate cut bets this month to over 92%. Its unemployment rate rose 0.2 percentage points in …
Canada’s unemployment jumps to 7.1% in August, as tariffs curb business confidence Read More »
