Reuters US Economy

(Reuters) -Mexico’s economy grew 0.6% in the second quarter from the previous three-month period, national statistics agency INEGI said on Friday. The data came in slightly below INEGI’s preliminary estimate published last month and forecasts from economists in a Reuters poll, both of which pointed to a 0.7% expansion. Growth in the quarter was fueled …

Mexico economy grows slightly less than expected in Q2 Read More »

BUENOS AIRES (Reuters) -Argentine President Javier Milei’s government suffered a legislative setback late Thursday after the Senate rejected a series of presidential decrees and approved budget increases for public universities.  Milei, a libertarian, has aimed to tame runaway inflation with strict austerity and by blocking any laws that the opposition-controlled Congress could pass that would …

Argentina’s Milei dealt Congressional blow as Senate approves spending increases Read More »

By Jihoon Lee SEOUL (Reuters) -South Korea vowed on Friday to make investment in artificial intelligence a top policy priority, as the government slashed its economic growth projection for this year due to trade headwinds caused by U.S. tariffs. In the first bi-annual economic policy plan under President Lee Jae Myung’s new administration, the finance …

South Korea makes AI investment a top policy priority to support flagging growth Read More »

By Devayani Sathyan BENGALURU (Reuters) -New Zealand’s central bank will likely cut its key interest rate twice more this year, taking it to 2.50%, according to a majority of economists polled by Reuters following the latest policy meeting, where it unexpectedly flagged more reductions. While the Reserve Bank of New Zealand’s (RBNZ) August 20 reduction …

New Zealand’s central bank may cut interest rates twice more this year to 2.50%: Reuters poll Read More »

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he still thinks the U.S. central bank can cut its interest rate target once this year, while noting there’s a lot of uncertainty around that view as the economy undergoes considerable change.  Bostic said the forecast …

Fed’s Bostic still sees a single rate cut this year, amid uncertainty Read More »

PARIS (Reuters) -French business activity almost grew for the first time in a year in August, outperforming expectations, according to a monthly survey showing signs of stabilisation in the euro zone’s second-biggest economy after a sustained period of contraction. The HCOB France flash purchasing managers index (PMI) for the country’s dominant services sector, compiled by …

French business activity edges closer to growth in August, PMI shows Read More »