Reuters US Economy

Cash-strapped Colombia proposes $6.5 billion long-shot tax reform

1 Sep 2025

By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s government presented a tax reform bill to Congress on Monday that aims to raise 26.3 trillion pesos ($6.54 billion) in 2026 to finance next year’s budget and shore up the nation’s deteriorating finances. The ambitious proposal faces an uphill battle in Congress, where President Gustavo Petro’s administration has limited …

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STOXX 600 ends higher on defence boost; Novo Nordisk jumps after Wegovy data

1 Sep 2025

By Johann M Cherian and Nikhil Sharma (Reuters) -European shares finished marginally higher on Monday, supported by defence stocks, while Novo Nordisk gained after data showed its weight-loss drug Wegovy delivers stronger heart-protective benefits than Eli Lilly’s rival therapies. The pan-European STOXX 600 closed up 0.17% at 551.07, with gains led by the aerospace and …

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Italy close to exiting EU’s excess deficit procedure, ECB’s Lagarde says

1 Sep 2025

ROME (Reuters) -Italy will soon leave the European Union’s excessive deficit procedure as it is close to bringing its budget shortfall to 3% of gross domestic product (GDP), the president of the European Central Bank said on Monday. Being under a so-called “excessive deficit procedure” reduces countries’ room for manoeuvre on tax and spending because …

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Brazil’s economic growth expected to have tapered off in Q2

1 Sep 2025

By Gabriel Burin BUENOS AIRES (Reuters) -Brazil’s economic growth is forecast to have tapered off in the second quarter due to a pullback in farm output and softer industrial production, a Reuters poll of economists showed. This would mark the beginning of a widely-expected slowdown for Latin America’s No. 1 economy as high local interest …

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Poland’s manufacturing sector contracts again in August, PMI shows

1 Sep 2025

WARSAW (Reuters) -Poland’s manufacturing sector contracted further in August, marked by ongoing declines in output and new orders, though the pace of deterioration eased slightly, a survey reported on Friday. The Poland Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 46.6 in August from 45.9 in July, remaining below the 50.0 threshold …

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Rupee hovers near all-time low, likely to keep underperforming Asia

1 Sep 2025

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee dipped on Monday, hovering near an all-time low, with analysts expecting its underperformance versus other Asian currencies to persist amid high U.S. tariffs. The rupee was quoting at 88.27 to the U.S. dollar, just shy of its lifetime low of 88.3075 hit on Friday. The unit …

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Take Five: Time to catch up, fast

1 Sep 2025

LONDON (Reuters) -Another batch of closely-anticipated U.S. jobs data, a high-level gathering in China, political upset in France and a blockbuster trial in Brazil are coming up this week. It’s time to catch up with that post-summer read in. Here’s your week ahead in global markets by Lewis Krauskopf in New York, Rae Wee in …

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New Zealand reverses course to let some foreign investors buy homes

1 Sep 2025

By Lucy Craymer and Christine Chen WELLINGTON (Reuters) -New Zealand on Monday said it will open its housing market to wealthy foreigners who invest in local businesses, reversing a previous ban in expectation it will boost economic growth. New Zealand Prime Minister Christopher Luxon said on Monday investors on the foreign investor migrant visa reintroduced …

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