By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economic activity likely expanded 5.8% year-on-year in May, marking its eighth-consecutive month of…
Category: Economy
French central bank head says budget plan goes in right direction
PARIS (Reuters) -French Prime Minister Francois Bayrou’s budget tightening plan announced this week goes in the right direction although some…
Fastenal beats quarterly estimates on robust demand for industrial safety products
(Reuters) -Industrial supplies maker Fastenal on Monday beat Wall Street estimates for second-quarter profit and revenue, helped by higher demand…
Brazil tightens prudential rules, adds individual liquidity requirements for banks
BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN) tightened prudential rules on risk management, liquidity and capital for financial institutions, introducing…
Brazil central bank to hold interest rates at 14.75% on June 18, economists say: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) -Brazil’s central bank is expected to keep its benchmark rate unchanged at 14.75%, its…
Czech growth helped by investment, exports, tariffs cloud outlook, central bank says
PRAGUE (Reuters) -Czech Republic’s 2.2% year-on-year economic expansion in the first quarter was above the central bank’s forecast of 2.1%…
Mozambique central bank cuts main interest rate to 11.00%
MAPUTO (Reuters) -Mozambique’s central bank cut its main interest rate to 11.00% from 11.75% in a decision announced on Friday.…
Indian government’s FY25 fiscal deficit in line with projection
MUMBAI (Reuters) – India’s fiscal deficit for 2024-25 was 4.8% of the gross domestic product (GDP), data released on Friday…
Citadel hires veteran US trader Barnea to bolster fuel trade, sources say
By Shariq Khan NEW YORK (Reuters) -Citadel has hired veteran U.S. oil and fuel trader Shai Barnea as a portfolio…
Brazil expects annual fiscal boost of $7.2 billion from new measures
BRASILIA (Reuters) -Brazil’s government expects an annual fiscal boost of around 40 billion reais ($7.22 billion) from a new set…