Economy

Brazil asks for WTO investigation of Indonesia on poultry trade

Brazil asks for WTO investigation of Indonesia on poultry trade

June 15, 2019 SAO PAULO (Reuters) – The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil’s poultry exports, the Agriculture Ministry said on ...
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Brazil oil workers join pension reform protests with strike action

Brazil oil workers join pension reform protests with strike action

June 14, 2019 SAO PAULO (Reuters) – Oil workers at state-run Petroleo Brasileiro SA have begun a 24-hour strike in eight Brazilian states as part of nationwide protests against a government proposal to reform pensions, ...
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Moody’s downgrades Turkey rating to B1, ministry challenges move

Moody’s downgrades Turkey rating to B1, ministry challenges move

June 14, 2019 ISTANBUL (Reuters) – Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk ...
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Oil rises but ends week lower on demand fears despite Mideast tensions

Oil rises but ends week lower on demand fears despite Mideast tensions

June 14, 2019 By Scott DiSavino NEW YORK (Reuters) – Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, ...
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Country-specific euro zone risks remain ‘very serious’: IMF

Country-specific euro zone risks remain ‘very serious’: IMF

June 14, 2019 LONDON (Reuters) – The euro zone remains at risk of being hit by debt-crisis-style country-specific shocks, the head of the International Monetary Fund’s European department said on Friday. “Risk to the euro ...
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Dollar gains on solid retail sales, before Fed meeting

Dollar gains on solid retail sales, before Fed meeting

June 14, 2019 By Karen Brettell NEW YORK (Reuters) – The dollar index climbed to its highest in almost two weeks on Friday after encouraging retail sales data for May released ahead of a Federal ...
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Airbus readies A321XLR jetliner launch, sees A330neo sales

Airbus readies A321XLR jetliner launch, sees A330neo sales

June 14, 2019 PARIS (Reuters) – Airbus sought on Friday to heighten anticipation surrounding a new longer-range version of its A321neo and hinted at new orders for its larger A330neo plane ahead of a Paris ...
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White House economic adviser Hassett still looking at 3% GDP year: CNBC

White House economic adviser Hassett still looking at 3% GDP year: CNBC

June 14, 2019 (Reuters) – U.S. gross domestic product could still grow at a 3% rate this year, White House Council of Economic Advisers Chairman Kevin Hassett told CNBC on Friday. “We are still looking ...
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Portugal’s TAP airline quadruples amount of debentures on offer

Portugal’s TAP airline quadruples amount of debentures on offer

June 14, 2019 LISBON (Reuters) – Portugal’s flag carrier TAP-Air Portugal has quadrupled the maximum amount of its ongoing debenture loan offering to 200 million euros ($224 million), the company said in a filing with ...
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Japan, U.S. deepened understanding over each other’s position on trade: Motegi

Japan, U.S. deepened understanding over each other’s position on trade: Motegi

June 13, 2019 WASHINGTON (Reuters) – Japan and the United States deepened their understanding over each other’s position on trade and will continue discussions, Japan’s economy minister said after meeting with U.S. Trade Representative Robert ...
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Egypt hikes fare on third Cairo metro line

Egypt hikes fare on third Cairo metro line

June 13, 2019 CAIRO (Reuters) – Egypt will raise the price of tickets on Cairo’s third metro line to as much as 10 Egyptian pounds (60 U.S. cents) starting on Saturday, the transport ministry said ...
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Top Mexico business lobby seeks to lift private sector investment

Top Mexico business lobby seeks to lift private sector investment

June 13, 2019 MEXICO CITY (Reuters) – The head of one of Mexico’s most influential business associations said on Thursday the group wants to raise private sector investment over the next two years to 20% ...
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Fannie, Freddie government guarantee should be limited: U.S. housing finance chief

Fannie, Freddie government guarantee should be limited: U.S. housing finance chief

June 13, 2019 By Katanga Johnson WASHINGTON (Reuters) – The head of the U.S. Federal Housing Finance Agency (FHFA) said on Thursday that Congress should create a “limited” explicit guarantee for government-sponsored enterprises Fannie Mae ...
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Development banks’ climate funding at all-time high in 2018

Development banks’ climate funding at all-time high in 2018

June 13, 2019 By Daphne Psaledakis BRUSSELS (Reuters) – Climate projects won record financing from the world’s big development banks last year, with funds committed up 60% since the 2015 Paris climate accord to curb ...
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Saudi Arabia says it has stepped up readiness level, committed to supply oil markets

Saudi Arabia says it has stepped up readiness level, committed to supply oil markets

June 13, 2019 DUBAI (Reuters) – Saudi Arabia is committed to providing reliable oil supplies to global markets and has stepped up readiness to deal with any threats following attacks on oil tankers in the ...
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Brazil wants China to invest in its infrastructure: vice president

Brazil wants China to invest in its infrastructure: vice president

June 13, 2019 By Ricardo Brito and Lisandra Paraguassu BRASILIA (Reuters) – Brazil wants Chinese investment in infrastructure projects as long as investors create local jobs and play by Brazilian rules, Vice President Hamilton Mourao ...
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Trump says Canada, Mexico behind trade deal, up to U.S. to get it passed

Trump says Canada, Mexico behind trade deal, up to U.S. to get it passed

June 13, 2019 WASHINGTON (Reuters) – President Donald Trump said on Thursday that Canada and Mexico are completely in line on the new North American trade deal and it is up to the United States ...
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Telcos howl, markets hail German 5G auction as newcomer joins fray

Telcos howl, markets hail German 5G auction as newcomer joins fray

June 13, 2019 By Douglas Busvine FRANKFURT (Reuters) – Germany’s pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help ...
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Canada new home prices unchanged in April, biggest markets show weakness

Canada new home prices unchanged in April, biggest markets show weakness

June 13, 2019 OTTAWA (Reuters) – New home prices in Canada were flat in April for a third month in a row amid weakness in Toronto and Vancouver, the two biggest markets, Statistics Canada said ...
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OPEC cuts oil demand outlook, building case to keep supply curbs

OPEC cuts oil demand outlook, building case to keep supply curbs

June 13, 2019 By Alex Lawler LONDON (Reuters) – OPEC has cut its forecast for growth in global oil demand due to trade disputes and pointed to the risk of a further reduction, building a ...
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UK watchdog under fire for lack of penalties in RBS small-business scandal

UK watchdog under fire for lack of penalties in RBS small-business scandal

June 13, 2019 By Iain Withers LONDON (Reuters) – Britain’s financial watchdog has defended its decision not to penalize lender RBS <RBS.L> or its former executives for past mistreatment of small business customers, drawing fire ...
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Norway wealth fund must ditch ConocoPhillips after index review

Norway wealth fund must ditch ConocoPhillips after index review

June 13, 2019 By Gwladys Fouche OSLO (Reuters) – Norway’s wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes ...
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Energy shares power Wall Street higher

Energy shares power Wall Street higher

June 13, 2019 By Shreyashi Sanyal (Reuters) – Gains in energy shares helped Wall Street’s main indexes snap two days of weakness and trade higher on Thursday, with hopes of an interest rate cut adding ...
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Dollar steady before Fed meeting, G20 summit

Dollar steady before Fed meeting, G20 summit

June 13, 2019 By Karen Brettell NEW YORK (Reuters) – The U.S. dollar was little changed against the euro on Thursday as investors were reluctant to take large positions before next week’s Federal Reserve meeting ...
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Oil prices surge after suspected tanker attack near Iran

Oil prices surge after suspected tanker attack near Iran

June 13, 2019 By Shadia Nasralla LONDON (Reuters) – Oil prices jumped more than 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of ...
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IMF head Lagarde, asked about top EU post, says she already has a job

IMF head Lagarde, asked about top EU post, says she already has a job

June 13, 2019 LUXEMBOURG (Reuters) – The managing director of the International Monetary Fund Christine Lagarde, asked on Thursday if she would be ready to accept one of the several top jobs in the European ...
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China says won’t yield to any U.S. pressure over trade

China says won’t yield to any U.S. pressure over trade

June 13, 2019 BEIJING (Reuters) – China’s commerce ministry said on Thursday Beijing will not yield to any “maximum pressure” from Washington, and any attempt by the United States to force China into accepting a ...
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Surprise gain in Japan’s machinery orders masks cooling investment outlook

Surprise gain in Japan’s machinery orders masks cooling investment outlook

June 12, 2019 By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) – Japan’s machinery orders unexpectedly rose for a third straight month in April, signaling solid business investment, though analysts expect an intensifying Sino-U.S. trade ...
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Oil falls 1% on weaker oil demand growth, surprise gain in U.S. crude stocks

Oil falls 1% on weaker oil demand growth, surprise gain in U.S. crude stocks

June 12, 2019 By Jane Chung SEOUL (Reuters) – Oil prices fell more than 1% on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations ...
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China’s factory inflation slows as production eases but food prices surge

China’s factory inflation slows as production eases but food prices surge

June 12, 2019 BEIJING (Reuters) – China’s factory gate inflation slowed amid sluggish commodity demand and faltering manufacturing activity, slowing from a four-month high in the previous month and fuelling worries growth in the world’s ...
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China central bank to inject 35 billion yuan via OMO, resuming 28-day tenor: traders

China central bank to inject 35 billion yuan via OMO, resuming 28-day tenor: traders

June 12, 2019 SHANGHAI (Reuters) – China’s central bank said it will inject 35 billion yuan ($5.06 billion) through open market operations on Wednesday, traders said. The People’s Bank of China (PBOC) is injecting 15 ...
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Australian consumers fret on economy, more upbeat on housing: survey

Australian consumers fret on economy, more upbeat on housing: survey

June 12, 2019 SYDNEY (Reuters) – A measure of Australian consumer confidence dipped in June as a run of disappointing data on the economy overshadowed a cut in interest rates and a hint of stability ...
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