BRASILIASAO PAULO, Reuters Brazil39;s President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution39;s next governor, replacing Roberto Campos Neto whose term ends in December, Finance Minister Fernando Haddad said on Wednesday. It is a great honor, a significant responsibility, and I am very pleased, Galipolo told […]

MEXICO CITY, Reuters The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank39;s quarterly report on Wednesday, citing weaker foreign manufacturing demand while inflation remains stubborn. The central bank for Latin America39;s No. 2 economy now expects 2024 gross domestic product growth of 1.5, down from a […]

Exports forecast at 13.0 yy in August vs 13.9 in July IT demand growing fast, China recovery speeding up economists Inflation seen reaching central bank39;s target at 2 SEOUL, Aug 29 Reuters South Korea39;s exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on Thursday, with economists […]

BRUSSELS, Aug 28 Reuters The European Union and China launched the first discussions under a new system that aims to streamline crossborder data flows, the EU said in a statement on Wednesday. The mechanism aims to facilitate international transfers of nonpersonal data for European businesses while ensuring their compliance with Chinese data laws. A significant […]

SYDNEY, Aug 28 Reuters Australian inflation slowed to a fourmonth low in July as government rebates on electricity bills kicked in, but progress on tempering price gains elsewhere disappointed and led markets to pare back the chance of a nearterm cut in interest rates. The consumer price index CPI rose at an annual pace of […]