TORONTO (Reuters) -The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%. MARKET REACTION: The loonie was…
Category: Economy
Taxation in EU budget proposal sends ‘wrong signal’, German minister says
DURBAN, South Africa (Reuters) -German Finance Minister Lars Klingbeil doubled down on Berlin’s criticism of the European Commission’s proposed budget…
Russia’s July inflation expectations steady at 13%, supporting case for rate cut
MOSCOW (Reuters) -Inflation expectations among Russian households for the year ahead, an important gauge closely watched by the central bank,…
Argentina’s economy expected to grow 5.8% y/y in May: Reuters poll
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…
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.…