(Adds detail, context, quotes) By Jamie McGeever and Gabriel Ponte BRASILIA, June 18 (Reuters) – Brazilian economy ministry and central bank officials on Thursday stressed the need for the government to stick to its fiscal rules and keep a tight
Home »
SNB's Zurbruegg warns on property fallout from coronavirus pandemic
ZURICH, June 18 (Reuters) – Switzerland’s highly valued property market could suffer a fall in prices if the economic effects of the coronavirus pandemic are worse than expected, Swiss National Bank Deputy Chairman Fritz Zurbruegg said on Thursday. “The outlook
EMERGING MARKETS-Latam FX set for biggest daily gain in 3 weeks, Chile's peso leads
* Chile’s c.bank expected to hold rates * Brazil’s real recovers from steep losses * Chile’s peso up 1.5% By Ambar Warrick June 16 (Reuters) – Brazil’s real rose on Tuesday after five straight losing sessions, while Chilea’s peso led
Colorado Tourism Office promotes responsible travel in age of coronavirus
This summer, the Colorado Tourism Office’s usual tips for visitors — stick to trails, respect wildlife, scoop up dog poop — come with advice on wearing masks, staying 6 feet way from people and hand washing. Welcome to vacations in
Brazil deficit to reach $140 billion this year -survey
BRASILIA, June 12 (Reuters) – Economists expect Brazil’s government to post a primary budget deficit this year of 709 billion reais ($140 billion), about 24% wider than the 571 billion-reais shortfall forecast just a month ago, the Economy Ministry said
Canadian retailer Comark Holdings to restructure as virus crisis weighs
June 3 (Reuters) – Comark Holdings Inc said on Wednesday it would restructure under the Companies’ Creditors Arrangement Act (CCAA) as the fallout from the COVID-19 pandemic hit the Canadian apparel retailer’s business. Apparel retailers have been facing mounting debt
Singapore factory activity rebounds from 11-year low but stays in contraction mode
SINGAPORE – A gauge of manufacturing conditions in Singapore bounced off its worst level in 11 years, but remained within the contraction territory. The Purchasing Managers’ Index (PMI) was at 46.8 points in May, up 2.1 points from 44.7 in
UPDATE 1-Bank of Canada holds rates steady, says COVID-19 impact has likely peaked
(Adds CAD move, details) OTTAWA, June 3 (Reuters) – The Bank of Canada held its key overnight interest rate steady on Wednesday and said the impact of the coronavirus pandemic on the global economy appears to have peaked, while the
Jerome Powell says Fed to keep on with coronavirus crisis fight
WASHINGTON (REUTERS) – Federal Reserve chairman Jerome Powell on Friday (May 29) reiterated the US central bank’s promise to use its tools to shore up the economy amid the coronavirus pandemic, even as investor attention is turning to the next
China Club at Capital Tower closes for good after years of losses
SINGAPORE (THE BUSINESS TIMES) – The China Club Singapore, a members-only club that has been a networking ground for many corporate executives, is closing for good after suffering years of losses amid stiff competition and rising costs. The club was