Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Africa|Business|Economy|Finance

BRICS New Development Bank authorizes Algeria to join

Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank's president, Dilma Rousseff, said on Saturday.

BRICS New Development Bank authorizes Algeria to join
Economy|Finance

Brazilians face higher power bills due to September's dry season

Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at

Brazilians face higher power bills due to September's dry season
Economy|Finance

New Development Bank approves up to $1 billion loan for water projects in South Africa

The New Development Bank has approved a new loan of up to $1 billion to finance water and sanitation projects among poorer households in South Africa, the bank said in a statement

New Development Bank approves up to $1 billion loan for water projects in South Africa
Asia|Business|Economy

China's weak factory PMI raises pressure for consumer stimulus

China's manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday,

China's weak factory PMI raises pressure for consumer stimulus
Americas|Economy

Brazil's government forecasts 2.6% GDP growth in 2025, inflation to hit 3.3%

Brazil's government forecast economic growth of 2.6% and inflation of 3.3% for 2025 in its draft budget proposal for the coming year, which was submitted to Congress late Friday.

Brazil's government forecasts 2.6% GDP growth in 2025, inflation to hit 3.3%
Business|Economy|Finance

Brazil targets banks in income tax hike bill

Brazil's government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike for banks.

Brazil targets banks in income tax hike bill
Americas|Economy|Finance

Brazil's government to end 2024 within fiscal target tolerance band, finance minister says

Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the

Brazil's government to end 2024 within fiscal target tolerance band, finance minister says
Economy|Europe|Finance

ECB would be "wise" to cut rates in September, Villeroy says

The European Central Bank would be "wise" to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk of

ECB would be "wise" to cut rates in September, Villeroy says
Business|Economy|Finance

Instant view: No surprises from US PCE inflation to alter Fed easing path

The personal consumption expenditures (PCE) price index rose 0.2% last month after an unrevised 0.1% gain in June, the Commerce Department said on Friday, matching economists' forecasts.

Instant view: No surprises from US PCE inflation to alter Fed easing path
Business|Economy|Finance

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions

Global bond funds attracted the biggest weekly inflow in six weeks in the seven days to Aug. 28, buoyed by heightened purchases of government bonds amid anticipation of a September Fed

Global bond funds gain solid inflows amid rate-cut expectations, Middle East tensions
Business|Economy|Finance|Stock Markets

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 and Nasdaq.

Record highs abound, except in usual place
Business|Economy|Finance

China's mortgage loans fall, property development loans rise

China's mortgage loans dropped further at the end of June while property development loans picked up, central bank data showed on Friday, as authorities seeks to put a floor under

China's mortgage loans fall, property development loans rise
Business|Economy|Finance|Stock Markets

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken

The UK's main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hopes

FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
Asia|Business|Economy|Finance

Russia payment hurdles with China partners intensified in August, sources say

Some Russian companies are facing growing delays and rising costs on payments with trading partners in China, leaving transactions worth tens of billions of yuan in limbo, Russian

Russia payment hurdles with China partners intensified in August, sources say
Asia|Economy

Core inflation in Japan's capital perks up, backs case for BOJ hikes

Core inflation in Japan's capital accelerated for a fourth straight month in August, data showed on Friday, tracking comfortably above the

Core inflation in Japan's capital perks up, backs case for BOJ hikes
Business|Economy|Finance

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

The Chinese central bank's policy arsenal
Business|Economy|Finance

Texas narrows gas plant projects vying for $5.4 billion in funding

The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-

Texas narrows gas plant projects vying for $5.4 billion in funding
Business|Economy|Finance

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant

U.S. liquefied natural gas (LNG) company Venture Global LNG sought authorization on Thursday from U.S. energy regulators by Aug. 30 to unload the first LNG commissioning cargo at the

Venture Global seeks OK to unload first LNG commissioning cargo at Louisiana plant
Asia|Economy|Finance

China's central bank buys government bonds, stirs intervention talk

China's central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is

China's central bank buys government bonds, stirs intervention talk
Economy|Finance

US fiscal profile unlikely to change much after elections, says Fitch

Ratings agency Fitch said on Thursday the U.S. fiscal profile is likely to remain largely unchanged regardless of who wins the upcoming presidential election, as it affirmed the United

US fiscal profile unlikely to change much after elections, says Fitch
Africa|Economy

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says

Egypt could begin transitioning from subsidising essential commodities to providing direct cash assistance to its poorest citizens as early as the next fiscal year (July to June),

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says
Business|Economy|Finance

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Business|Economy|Finance

US auto sales set to rise in August on Labor Day weekend surge, report shows

New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according to a

US auto sales set to rise in August on Labor Day weekend surge, report shows
Business|Economy|Finance

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore

A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit,

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore
Business|Economy|Finance

Dollar General's shares plunge as rising competition fuels forecast cuts

Dollar General's shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit

Dollar General's shares plunge as rising competition fuels forecast cuts

Follow