WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter. The trade gap ballooned 32.5% to $78.3 billion, the Commerce Department’s Bureau of Economic Analysis said on Thursday. …
US trade deficit widens in July on soaring imports Read More »
By Fergal Smith TORONTO (Reuters) -Canada’s services economy contracted for a ninth straight month in August as uncertainty over U.S. tariffs weighed on export sales and business confidence, S&P Global’s Canada services PMI data showed on Thursday. The headline Business Activity Index fell to 48.6 last month from 49.3 in July. A reading below 50 shows contraction in …
Canada’s services PMI dips in August as tariff uncertainty clips activity Read More »
By Fergal Smith TORONTO (Reuters) -The Canadian dollar is set to strengthen over the coming year as the Bank of Canada potentially cuts interest rates just two more times in the current easing campaign and expected rate cuts from the U.S. Federal Reserve help stimulate Canada’s economy, a Reuters poll found. The median forecast of …
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Ailing long-dated sovereign bonds around the world caught a break yesterday on a mix of soft U.S. jobs signals, decent auction buying and ebbing oil prices. The bond bounce and Federal Reserve easing speculation …
By Maria Martinez BERLIN (Reuters) -Leading German economic institutes on Thursday trimmed growth forecasts for 2025 and 2026, citing headwinds from U.S. tariffs and delays to the boost from higher public spending in an export-reliant economy struggling to regain momentum. The Ifo institute now expects gross domestic product to expand by 0.2% in 2025 and …
German institutes cut growth forecasts as tariffs bite, fiscal boost lags Read More »
By Fergal Smith TORONTO (Reuters) -Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower, Toronto Regional Real Estate Board data showed on Thursday. Seasonally adjusted sales fell 1.8% on a month-over-month basis to 5,633 units, which was the first decline since March. TRREB’s home price index …
Toronto home sales decline in August as recovery stalls Read More »
BANGKOK (Reuters) -Thailand’s headline consumer price index fell for a fifth straight month in August, on weaker energy and fresh food prices, and the commerce ministry said on Thursday the index is expected to fall further this year. The consumer price index dropped 0.79% in August from a year earlier, more than the 0.70% fall …
Thai August headline CPI drops more than forecast, seen falling further Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s new-home prices were expected to decline more slowly in 2025 than previously forecast, and slip a further 0.5% in 2026, a Reuters survey showed, as policy support tempers the downturn but shows few signs of ending the protracted property crisis. The August poll projected a 3.8% …
SYDNEY (Reuters) -Australia’s surplus on goods trade widened to its highest since early 2024 in July, data showed on Thursday, as exports of energy commodities, rural goods and gold all climbed. The Australian Bureau of Statistics reported the surplus on goods rose to A$7.3 billion ($4.74 billion) in July, from a revised A$5.4 billion in …
Australia goods trade surplus widens to A$7.3 billion in July Read More »
SAO PAULO (Reuters) -The U.S. Treasury Department has asked Brazilian banks about measures they are taking under the Magnitsky Act, a source familiar with the matter said on Wednesday, weeks after Washington imposed sanctions on a top Brazilian judge. Banco do Brasil, Bradesco, Itau, Santander and BTG received the notice, the source said, describing the …
US Treasury queries Brazilian banks over sanctions, source says Read More »
