PARIS (Reuters) – France’s economy will grow more slowly than expected in the next two years as its home-grown political turmoil adds to the global volatility weighing on activity, the central bank forecast on Monday in its quarterly outlook. After growth of 1.1% this year, the euro zone’s second biggest economy will expand 0.9% in…
BUENOS AIRES (Reuters) – Argentina’s economy in the July to September period notched its first quarter-on-quarter economic expansion since entering a technical recession at the end 2023, but contracted yet again in yearly terms, official data showed on Monday. Gross domestic product (GDP) expanded 3.9% in the third quarter in seasonally-adjusted terms versus the second…
(Reuters) – Shares of warehouse automation firm Symbotic slumped more than 35% in early trading on Wednesday after the Walmart-backed company delayed the filing of its annual report citing “material weaknesses” in internal control over its financial reporting. Symbotic said it needed more time to assess the financial impacts of correcting a revenue recognition error…
By Kevin Yao and Liangping Gao BEIJING (Reuters) – China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to help bolster a sagging economy through expanded fiscal stimulus, Caixin Global reported, citing multiple sources with knowledge of the matter. The report comes after Finance Minister Lan Foan…
By Nell Mackenzie LONDON (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday, thanks to record commodities prices, rising equities and falling interest rates. Gold has surged almost 30% this year to a record high on Sept. 26. The precious metal…
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday an escalation of the conflict in the Middle East could have significant economic ramifications for the region and the global economy, but commodity prices remain below the highs of the past year. IMF spokesperson Julie Kozack told a regular news briefing that…
HONG KONG (Reuters) – China could issue ultra-long-term treasury bonds within two years to generate at least 10 trillion yuan ($1.4 trillion) worth of stimulus to the economy, a former central bank adviser said on Saturday, according to state media. China should introduce a basket of measures, focusing on enhancing social protections, buying unsold apartments…
(Reuters) -Ukraine’s foreign currency reserves were up to $42.3 billion as of Sept. 1, the central bank said on Friday. The reserves grew by 13.7% over the past month, the bank said in a statement. The reserves stood at $37.2 billion as of Aug. 1. “Such dynamics were driven by large inflows from international partners,…
SHANGHAI (Reuters) – 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 preparing to intervene in the domestic debt market. The People’s Bank of China (PBOC) purchased 400 billion yuan ($56.3 billion) worth of 10-year and 15-year…
By Steven Scheer JERUSALEM (Reuters) – Israel’s economy grew less than expected in the second quarter of 2024, extending a period of volatility since the start of war in Gaza, but the weakness is likely not enough to prompt a central bank rate cut next week given rising inflation. The Central Bureau of Statistics said…
