Peru’s rebounding economy to grow 3.1% this year, cenbank forecasts
By Marco Aquino LIMA (Reuters) – Peru’s central bank expects that the Andean nation’s economy will grow 3.1% this year and a further 3.0% in 2025, it said in a…
Editor’s Pick
4444 posts
Fed’s ‘dot plot’ signals no rush for another 50bps cut, but jobs data hold sway
Investing.com — The Federal Reserve’s supersized rate cut in September isn’t a sign of things to come as the latest signals from the Fed’s ‘dot plot’ show that members aren’t…
Fed’s Bowman voted against jumbo cut to avoid signaling victory on inflation
Investing.com — Fed Governor Michelle Bowman said Friday that she voted against the central bank’s decision to begin the rate-cutting cycle with jumbo cut to avoid stoking expectations that the…
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
By Anushree Mukherjee (Reuters) – Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and…
Exclusive-Financial software maker Enfusion explores options including sale, sources say
By Milana Vinn NEW YORK (Reuters) -Enfusion, a U.S. software provider for asset managers, is in talks with investment bankers to evaluate options that could include a potential sale, according…
Three Mile Island nuclear plant could restart on Microsoft AI power deal
(Reuters) -Constellation Energy and Microsoft (NASDAQ:MSFT) have signed a data center deal to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be…
Fed’s Bowman says dissent on large rate cut based on above-target inflation data
WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank’s half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction instead, because…
Kenya court finds Meta can be sued over moderator layoffs
By Ammu Kannampilly and Humphrey Malalo NAIROBI (Reuters) -A Kenyan court ruled on Friday that Facebook (NASDAQ:META)’s parent company Meta could be sued in the East African nation over the…
Fed’s Waller: Weak inflation data cemented case for 50 basis point cut
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Governor Christopher Waller, one of the more ardent voices in the central bank’s battle to hike interest rates to tame inflation,…
Italy targets primary budget balance in 2024, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy will probably balance its primary budget this year, excluding interest payments on government debt, the economy minister said on Friday, as Rome prepares…