BERLIN (Reuters) – German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to be reflected in foreign trade figures. Seasonally adjusted exports rose 6.4% on the month, compared to a rise of 1.5% predicted by economists. Imports …
German imports, exports jump more than expected in February Read More »
PRAGUE (Reuters) – The economy minister of Slovakia, which relies on Russian gas for around 85% of its demand, said the country could not be cut off from Russian gas flows and if it had to pay in roubles it would, although it backed taking a common European Union stance. Russia has demanded payment for …
Slovak minister says paying in roubles could be an option as country needs gas Read More »
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko said on national television on Saturday. “Before the war it was $29 billion, then it dropped to $27.5 billion, then there was a currency injection …
Ukraine’s gold and forex reserves stand at $29 billion, says official Read More »
(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s invasion, the economy ministry said in a statement on Saturday, citing preliminary estimates. “Areas in which remote work is impossible have suffered the most,” it said. (Reporting by Natalia Zinets; …
Ukraine’s economy could contract 40% in 2022, ministry says Read More »
(This March 31 story was refiled to remove picture) LONDON (Reuters) – Russia accused Ukraine on Thursday of laying hundreds of mines near its coast and said some were drifting into open waters of the Black Sea and creating dangers for merchant shipping, a day after Kyiv said Moscow was responsible for planting mines. The …
Russia trades accusations with Ukraine on drifting Black Sea mines Read More »
(Reuters) – Mexico’s government forecast economic growth of 3.4% for 2022, far below what the nation’s President was aiming for, a finance ministry document showed on Friday, as Latin America’s second-largest economy claws back losses from the COVID-19 pandemic. The ministry said in a published budget document that it expects the economy to expand by …
Mexican economy seen growing 3.4% in 2022, says finance ministry Read More »
By Anthony Esposito MEXICO CITY (Reuters) -Mexico will use the extra revenue it collects from higher oil prices to subsidize domestic gasoline and diesel prices, Deputy Finance Minister Gabriel Yorio told Reuters on Friday. While production has slid significantly in recent years, Mexico remains a major oil producer and exporter. Without the fuel subsidy, annual …
Exclusive-Oil income to pay fuel subsidy in Mexico, says senior official Read More »
LOS ANGELES (Reuters) – The Biden administration announced on Friday a new round of export restrictions against Russia and Belarus, adding 120 entities, mostly companies with links to the military, to a list of those effectively blocked from receiving vital technology. The additions https://public-inspection.federalregister.gov/2022-07284.pdf to the Commerce Department’s entity list follow several similar actions taken …
U.S. curbs exports to more Russian and Belarusian companies Read More »
BRASILIA (Reuters) – Brazilian President Jair Bolsonaro has decided against an additional cut in the IPI industrial tax because of questions about the legality of the measure, according to two sources from the Economy Ministry. Economy Minister Paulo Guedes pledged last month that a tax cut on industrialized products would be extended to 33% from …
Bolsonaro holds off on fresh industrial tax cut pending court review -sources Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil posted a record trade surplus for March, of $7.4 billion, official data showed on Friday, but the number was well below market forecasts amid expectations that exports would rise as commodity prices spike. Economists projected a $9.01 billion surplus for the month, according to a Reuters poll. Exports …
Brazil’s record trade surplus in March misses market expectations Read More »
