Reuters US Economy

(Reuters) -Panama’s economy is expected to grow this year as the impact from the closure in late 2023 of First Quantum Minerals’ Cobre Panama copper mine fades, and non-mining sectors continue to grow, the International Monetary Fund’s executive board said on Monday. WHY IT IS IMPORTANT Panama’s economy is recovering after the Cobre Panama mine, …

IMF sees Panama GDP up 4.5% this year in rebound from copper mine closure Read More »

JAKARTA (Reuters) -Indonesian President Prabowo Subianto has set up a new mineral industry agency that will oversee the development of rare earths and radioactive materials, the agency’s new chief told reporters on Monday.  “This agency will manage the strategic materials industry that relates to the defence industry, because strategic materials are quite important for the …

Indonesia sets up new mineral industry agency to oversee rare earths development Read More »

SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 0.5% in July from a year earlier, official data showed on Monday, lower than economists’ forecasts. The core inflation rate, which excludes private road transport and accommodation costs, compared with a forecast of 0.6% in a Reuters poll of economists. Headline inflation was 0.6% in annual terms …

Singapore’s core inflation rises 0.5% y/y in July, lower than poll forecast Read More »

SYDNEY (Reuters) -Australia’s treasurer on Sunday praised a report by the nation’s Productivity Commission (PC) that urges lower corporate tax rates in a bid to spur foreign investment. The draft report, “Creating a More Dynamic and Resilient Economy”, released in July, recommended reducing the tax rate from 25% to 20% for companies earning less than …

Australia’s treasurer praises report urging company tax reform Read More »

ISTANBUL (Reuters) -Turkey is ending a scheme protecting deposits from currency depreciation that is estimated to have cost $60 billion, in another step to abandon unorthodox economic policies that triggered a lira crisis several years ago. Turkish central bank decided to terminate the opening and renewal of fx-protected scheme accounts effective on Aug 23, it …

Turkey exits FX-protected deposit scheme Read More »