China expected to hit 2024 GDP target, but tariffs loom
By Kevin Yao BEIJING (Reuters) – China’s economy likely rebounded in the fourth quarter as several rounds of policy stimulus kicked in, enabling the government to largely meet its 2024…
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Trump’s US Treasury pick says question of debt limit repeal is ‘nuanced’
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is “nuanced,” but said if…
SEC settles charges against US hedge fund over investment model vulnerabilities
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday settled charges against hedge fund Two Sigma over failure to address known vulnerabilities in its investment…
Brazil final tax rate slightly higher than the one approved by Congress, special tax secretary says
SAO PAULO (Reuters) – The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is slightly higher than the one approved…
Morning Bid: Awaiting China data deluge, US yields drift lower
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at…
Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday. “I have over…
Tear down barriers to growth, UK finance minister tells regulators
LONDON (Reuters) – Finance minister Rachel Reeves has urged Britain’s regulators to remove barriers to economic growth, tasking them with creating a regulatory environment that boosts investment and innovation. In…
Trump’s US Treasury pick Bessent says extending tax cuts a top priority
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax cuts that are set to expire at the…
World Bank warns U.S. tariffs could dent global economic growth
Investing.com — The World Bank said on Thursday that a 10% across-the-board tariff imposed by the U.S. could decrease the global economic growth rate, which is already tepid at 2.7%…
World Bank warns that US tariffs could reduce global growth outlook
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by…