By Lucy Craymer WELLINGTON (Reuters) -New Zealand on Thursday announced a worse-than-forecast budget deficit as a slowing economy and a lower tax take hit its coffers, leaving the Labour government walking a tight rope as its spending plan is expected to fan inflationary pressures. In his last budget ahead of what is set to be…
A look at the day ahead in European and global markets from Kevin Buckland European shares look poised to rally after a wave of optimism that a U.S. debt ceiling deal could be reached as soon as the weekend, which lifted stocks on Wall Street and in Asia. Investors keyed in on an agreement between…
By Chris Taylor NEW YORK (Reuters) – When Hayley Woodin was thinking of giving back to the community while taking her career to the next level, one option stood out: serving on a board of directors. Woodin, the editor-in-chief of Canada’s “Business In Vancouver” newspaper, jumped at the opportunity when one of the region’s largest…
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a year earlier, accelerating sharply from a 0.5% rise in January-March, official data showed, as the economy stages a gradual but uneven post-COVID recovery. Fiscal revenue totalled 8.32 trillion yuan ($1.20 trillion)in the first four months…
By Stella Qiu SYDNEY (Reuters) -Australia employment unexpectedly dipped in April after two months of outsized gains, and the jobless rate also ticked up in a sign the red-hot labour market might be cooling, bolstering the case for a pause in interest rate hikes next month. Figures from the Australian Bureau of Statistics released on…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s export growth hit its weakest pace in more than two years in April as China-bound shipments slumped amid lingering worries about faltering global economic demand. Exports rose 2.6% in April from a year earlier, Ministry of Finance data showed on Thursday, slower than a 3.0% increase expected by economists…
By Jessica DiNapoli NEW YORK (Reuters) – Makers of brand-name household basics like Dunkin’ coffee and Schick razors are bulking up sales teams and adding specialized and lower-cost products to the shelves of America’s ubiquitous dollar stores in a bid to reach more budget-conscious shoppers. Razor manufacturer Edgewell Personal Care Co and Kraft Heinz Co…
By Fabian Cambero SANTIAGO (Reuters) -Lawmakers in Chile’s lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has publicly backed it, to become law. The reform will require large copper and lithium producers that operate in the…
By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum of understanding (MoU) to allow financial regulators from Britain and the bloc to cooperate more closely, though stopping short of market access. Britain’s EU exit largely severed its financial sector’s previously unfettered access to the…
By Dan Whitcomb (Reuters) -A man accused of attacking two congressional staff members with a baseball bat this week and threatening to kill one of them, has been charged with assault on an employee of the U.S. government, federal prosecutors said on Wednesday. Xuan-Kha Tran Pham, 49, was taken into custody by Fairfax police following…
