By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Global market trading properly kicks into gear on Tuesday, with the latest insight into how China’s manufacturing sector closed last year likely to set the tone for the day ahead in Asia. China’s Caixin manufacturing purchasing managers index …
Marketmind: China in spotlight as 2023 properly gets going Read More »
BRASILIA (Reuters) – Brazil posted a $62.3 billion trade surplus in 2022, official data showed on Monday, a record in the series started in 1989. In December, the trade surplus was $4.8 billion, said the Development, Industry, Trade and Services ministry. That exceeded the $3 billion surplus forecast in a Reuters poll with economists. The …
Brazil posts record trade surplus of $62.3 billion in 2022 Read More »
PARIS (Reuters) – Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world. When InVivo announced the takeover of its peer Soufflet late 2021, it said it aimed to …
France’s InVivo to buy one of the world’s oldest malthouses in Belgium Read More »
BRASILIA (Reuters) -Brazil’s new finance minister, Fernando Haddad, said on Monday he would propose a new fiscal anchor in the first half of this year as leftist President Luiz Inacio Lula da Silva’s team works to “restore” public accounts. “We are not here for adventures,” he said, seeking to calm market jitters over the return …
Brazil’s Haddad vows to ‘restore’ public accounts Read More »
JERUSALEM (Reuters) -The Bank of Israel on Monday raised its benchmark interest rate by half a point, the seventh straight meeting at which it has increased rates to try to curb inflation that remains above 5%. The central bank as expected lifted its key rate to a 14-year high of 3.75% from 3.25%. In April, …
Bank of Israel hikes key rate 1/2-point with inflation at 14-year high Read More »
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with exports rising 12.9% to $254.2 billion and imports jumping 34.3% to $364.4 billion. In December, the trade deficit widened 52% from a year earlier to $10.381 billion, with exports up …
Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry Read More »
DAMASCUS (Reuters) – Syria weakened its official exchange rate to 4,522 Syrian pounds to the dollar, a central bank statement said on Monday, while black market rates used for most economic activity sat around 6,500. The official rate was previously set at 3,015. An economic crisis in the country has been triggered by years of …
By Brijesh Patel (Reuters) -Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude …
Economic weakness set to weigh on oil price in 2023 Read More »
By Anthony Boadle and Gabriel Stargardter BRASILIA (Reuters) -Luiz Inacio Lula da Silva was sworn in as Brazil’s president on Sunday, delivering a searing indictment of far-right former leader Jair Bolsonaro and vowing a drastic change of course to rescue a nation plagued by hunger, poverty and racism. In a speech to Congress after officially …
Lula takes over in Brazil, slams Bolsonaro’s anti-democratic threats Read More »
(Adds dropped word in paragraph five.) By David Shepardson WASHINGTON (Reuters) -Democratic U.S. President Joe Biden will join Republican Senate Minority Leader Mitch McConnell in a Wednesday event in Kentucky aimed at highlighting the effects of the $1 trillion 2021 infrastructure bill, a White House official said Sunday. The pair, along with Republican Ohio Governor …
Biden to promote U.S. infrastructure spending in bipartisan Kentucky visit Read More »
