By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Bank of Canada on Wednesday hiked its key overnight rate by a quarter of a percentage point to a 22-year high of 5.0%, and said it could raise rates further because of the risk of inflation stalling above its 2% target. The move to increase borrowing…
MEXICO CITY (Reuters) -The U.S. Treasury Department on Wednesday imposed sanctions on 10 Mexican nationals and one company in the country for their alleged involvement in the Sinaloa Cartel’s vast illicit fentanyl trafficking network. The U.S. Treasury accuses the 10 people of links to suppliers of precursor chemicals used to make fentanyl, a highly addictive…
BERLIN (Reuters) -Germany’s finance ministry plans to offer companies a tax relief package of around 6 billion euros ($6.61 billion) per year against the backdrop of a difficult economic environment, ministry sources said. German business morale has been deteriorating, suggesting that Europe’s largest economy will struggle to shake off recession. “The economy needs stimulus –…
By James Oliphant, Gram Slattery and Alexandra Ulmer WASHINGTON (Reuters) – Florida Governor Ron DeSantis’ campaign is making a high-risk bet that it can halt Donald Trump’s march to the Republican presidential nomination by winning the key state of Iowa next January, despite the former president’s commanding lead in polls and growing questions about DeSantis’…
By John Irish and Niklas Pollard VILNIUS (Reuters) – G7 countries on Wednesday unveiled an international framework for the long-term security of Ukraine to boost its defences against Russia and deter Moscow from future aggression, officials said. Ukrainian President Volodymyr Zelenskiy was meeting leaders of NATO at a summit of the 31-member Western alliance, a…
KYIV (Reuters) -Russia launched a drone strike on Kyiv early on Wednesday, and an old man was killed in Russian shelling in southern Ukraine as President Volodymyr Zelenskiy met NATO leaders in Lithuania, Ukrainian officials said. There were no deaths in the second attack on the capital in successive days. But an 81-year-old man was…
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying inflation, which is coming down more slowly than had been previously estimated. In its quarterly Monetary Policy Report, the BoC said inflation would…
VILNIUS (Reuters) -NATO leaders at this week’s summit in Vilnius said Ukraine should be able to join the military alliance at some point in the future but dashed Kyiv’s hopes for an immediate invitation. The guarded statement on Ukraine’s path into NATO irked President Volodymyr Zelenskiy. But after 16 months of war since Russia launched…
VILNIUS (Reuters) – G7 countries announced on Wednesday an international framework that paves the way for long-term security assurances for Ukraine to boost its defences against Russia and deter Moscow from future aggression. In a joint declaration, which other nations can join, the United States, Germany, Japan, France, Canada, Italy and Britain, as well as…
SAO PAULO (Reuters) – Financial market participants in Brazil are increasingly optimistic about the country’s economic prospects under leftist President Luiz Inacio Lula da Silva, a poll showed on Wednesday, with the approval rating of his finance minister spiking. The survey by Genial/Quaest showed that 53% of market players now think Brazil’s economy will improve…
