By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global equities rose on Friday as investors clung to the view that U.S. interest rates may fall further this year, with European shares posting their biggest weekly gain in 12 weeks on strength from banking stocks. U.S. gold futures hit a record high on uncertainty over …
(Corrects references to unemployment high in paragraph 3, bullet point) By Promit Mukherjee and Divya Rajagopal OTTAWA (Reuters) -The Canadian economy lost tens of thousands of jobs in July, sending the share of people employed to an eight-month low, data showed on Friday, as the labor market gave back the gains seen in the prior …
Canada sheds tens of thousands of jobs as tariffs dent hiring plans Read More »
(Reuters) -Consumer prices in Chile rose more than expected in July, data from statistics agency INE showed on Friday, triggering questions about the likelihood of the central bank delivering fresh interest rate cuts in the very near term. Prices in the world’s largest copper producer were up 0.9% last month, INE said in a report. …
Chile inflation overshoots forecasts, raising doubts about rate-cut path Read More »
TORONTO (Reuters) – Canada’s economy shed 40,800 jobs in July and the jobless rate held steady at the multi-year high level 6.9%, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY AT TD SECURITIES “The June number was positive in a way that really defied …
Instant View: Canada’s economy sheds 40,800 jobs in July Read More »
By Nevzat Devranoglu ANKARA (Reuters) -Turkey is on the verge of ending a scheme protecting deposits from currency depreciation that is estimated to have cost $60 billion, another step to abandon unorthodox economic policies that triggered a lira crisis several years ago. Turkish officials said the KKM scheme, introduced in late 2021, will be terminated …
Turkey nears exit from costly FX-protected deposit scheme Read More »
By Yantoultra Ngui, Sneha Kumar and Roshan Thomas SINGAPORE (Reuters) -Singapore Exchange (SGX) reported on Friday its highest annual earnings since its 2000 listing and said more than 30 companies are actively preparing to go public, signaling a revival in listings amid efforts to boost the country’s equities market. Adjusted net profit for the year …
Singapore Exchange posts record profit, sees strongest IPO pipeline in years Read More »
SHANGHAI (Reuters) -China has reinstated value-added tax (VAT) on interest income from new bonds issued by government and financial institutions starting Friday, ending a long-standing tax break to ease growing fiscal pressure. The Ministry of Finance announced last week that the VAT exemption would no longer apply to interest income from government bonds, local government …
China ends tax exemption on bond interest income effective Aug 8 Read More »
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) -The Reserve Bank of Australia will cut its cash rate by 25 basis points to 3.60% on August 12, according to economists polled by Reuters, who have not changed their rate views. Inflation fell to 2.1% last quarter, a near-four year low and close to the lower band …
RIO DE JANEIRO (Reuters) -Brazil’s government is mulling shifting some 30 billion reais ($5.54 billion) from a fund managed by state development bank BNDES to support local firms hit by steep tariffs imposed by the U.S. on Brazilian goods, three sources familiar with the matter said on Thursday. Brasilia is readying relief measures for the …
By Francesco Guarascio and Orathai Sriring HANOI/BANGKOK (Reuters) -Tougher U.S. trade penalties on goods originating in one country being re-shipped from another are not expected to immediately follow new U.S. tariffs, three people in Southeast Asia with knowledge of the matter said, easing a major cause of concern. Southeast Asian countries including Vietnam and Thailand have …
