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Japan eyes record spending requests on rising debt, social welfare costs

1 Sep 2025

By Takaya Yamaguchi and Leika Kihara TOKYO (Reuters) -Japan’s government spending requests for next fiscal year will likely set a record for the third consecutive year, a draft of the requests obtained by Reuters showed on Monday, highlighting the challenge the country faces in fixing its dire finances. The expected rise in spending comes on …

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Indonesia’s central bank pledges to defend rupiah through currency intervention

1 Sep 2025

JAKARTA (Reuters) -Indonesia’s central bank will make sure the movements of the rupiah exchange rate against the U.S. dollar reflect the currency’s fundamentals through mechanisms including market intervention, a senior official said on Monday. Bank Indonesia’s head of monetary management Erwin Gunawan Hutapea made the comments ahead of Monday’s market opening. The rupiah and the …

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China’s factory activity grows at quickest pace in 5 months, private PMI shows

1 Sep 2025

BEIJING (Reuters) -China’s factory activity in August expanded at the quickest pace in five months on the back of rising new orders, a private-sector survey showed on Monday. The RatingDog China General Manufacturing PMI, compiled by S&P Global, rose to 50.5 in August from 49.5 in July, beating analysts’ expectations of 49.7 in a Reuters …

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South Korea factory activity shrinks for 7th month on higher US tariffs, PMI shows

1 Sep 2025

By Jihoon Lee SEOUL (Reuters) -South Korea’s factory activity weakened for the seventh consecutive month in August, as overseas demand dropped on U.S. President Donald Trump’s higher tariffs, a business survey showed on Monday. The Purchasing Managers Index (PMI) for manufacturers in Asia’s fourth-largest economy, released by S&P Global, stood at 48.3 in August, up …

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Brazil’s 2026 budget bill projects primary surplus of 0.25% of GDP

30 Aug 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s 2026 annual budget bill, submitted to Congress on Friday, projects a primary surplus of 34.5 billion reais ($6.36 billion) for the central government, equivalent to 0.25% of the country’s gross domestic product. The forecast meets the 0.25% of GDP primary surplus target for next year proposed by President Luiz …

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Mexico’s central bank hikes economic forecast but growth remains sluggish

30 Aug 2025

By Emily Green and Sarah Morland MEXICO CITY (Reuters) -Mexico’s economy is performing better than expected, the Bank of Mexico said on Friday in its quarterly report, while increasing its growth forecast for the rest of the year for Latin America’s second largest economy. The report offered a positive, if mixed, assessment: Mexico’s economy is …

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Canada budget deficit over first three months of 2025/26 increases to C$3.34 billion

29 Aug 2025

OTTAWA, Aug 29 (Reuters) – Canada recorded a higher budget deficit of C$3.34 billion ($2.42 billion) over the first three months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday. By comparison, the deficit in the same period a year earlier had been $2.88 billion, it …

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Canada’s second-quarter GDP contracts, rate cut bets increase

29 Aug 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s economy contracted in the second quarter much more than anticipated on an annualized basis as U.S. tariffs squeezed exports, but higher household and government spending cushioned the impact, data showed on Friday. The GDP for the quarter that ended June 30 decelerated by 1.6% from downwardly revised growth of …

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Factbox-Global postal services suspend some U.S. shipments as de minimis exemption ends

29 Aug 2025

(Reuters) -The United States has permanently ended the “de minimis” exemption, which allowed items valued under $800 to be imported duty-free. This change, effective from Friday, follows President Donald Trump’s executive order citing the exemption as a loophole for tariff evasion and drug trafficking. The decision impacts global retailers and postal services. They are taking …

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Canada’s economy shrinks by more than expected in second quarter

29 Aug 2025

TORONTO (Reuters) -Canada’s economy contracted in the second quarter by a much larger degree than anticipated on an annualized basis as U.S. tariffs squeezed exports, but higher household and government spending cushioned some of the impact, data showed on Friday. Market reaction: CAD/ LINK: COMMENTS JIMMY JEAN, CHIEF ECONOMIST AT DESJARDINS GROUP  “It’s a mixed …

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