Brazilian President Jair Bolsonaro signed a decree to cut taxes on industrial products (IPI) by 35% effective on May 1, a deeper tax cut than the 25% reduction that is in force now, an effort he says will boost economic activity as the country emerges from the pandemic.
A volatile stock market faces a critical test next week, when the U.S.
Russia made what appeared to be a late U-turn to avoid a default on Friday, as it made a number of overdue interest payments in dollars on its overseas bonds, despite previously vowing to pay only in roubles as long as its reserves remained frozen.
U.S. Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the summer to deal with hot inflation and surging labor costs, even as two reports Friday showed tentative signs both may be cresting.
Would you love to grow your own vegetables, if only you had the space, and there wasn't so much digging and, frankly, manure? Germany may have just the thing.
The Canadian economy most likely grew by an annualized 5.6% in the first quarter, official data showed on Friday, well ahead of the Bank of Canada's recent projections, reinforcing the likelihood of another oversized interest rate increase.
The Canadian economy most likely grew by 5.6% on an annualized basis in the first quarter, Statistics Canada said on Friday, as growth in February beat expectations and real gross domestic product was seen increasing again in March.
U.S. stocks fell on Friday as disappointing forecasts from Amazon and Apple pushed the Nasdaq toward sharp monthly declines, with the biggest surge in monthly inflation since 2005 adding to investor worries.
Wall Street tumbled on Friday at the end of a volatile week, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.
All Sri Lanka's creditors will be treated equally in a planned restructuring of the country's debt, its central bank governor said on Friday, adding that he expected progress in talks with the International Monetary Fund (IMF) in the next two months.
The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts to fight the pandemic recession, in a process U.S.
Chipmakers are divided over how aggressively to oppose a legislative proposal that would give the U.S.
Paradigm lost?A long-held view among many investors that China's currency and markets would one day sit at the centre of world finance to match the second biggest economy in the world looks bruised at best after a torrid 2021 and February's geopolitical quake.
Regulators could force banks and other financial firms to hire external auditors to check on the accuracy of their climate data, the Financial Stability Board said in a report on Friday.
China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest move to try to keep Chinese companies listed on U.S.
France's economic growth unexpectedly flatlined in the first quarter as consumer spending dropped in the face of record high inflation, official data showed on Friday, putting pressure on President Emmanuel Macron ahead of legislative elections.
Colombia's central bank board is likely to raise the benchmark interest rate by 100 basis points to 6% at its meeting on Friday, as it continues hikes in response to persistent inflation pressures.
Colombia's central bank board raised the benchmark interest rate by 100 basis points to 6% on Friday, its highest level in nearly five years, as it continues increases in response to persistent inflation pressures.
When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas.
China signaled an easing of its crackdown on the once-freewheeling tech sector on Friday as President Xi Jinping seeks to bolster the economy in the face of growth-sapping COVID-19 lockdowns, sending shares in online heavyweights surging.
Australia's central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to antagonise one of the main political parties just as it faces a sweeping review of past policies.
The Reserve Bank of Australia will raise interest rates for the first time in more than a decade on Tuesday and join a long list of central banks now expected to tighten policy at a much faster pace than previously thought, a Reuters poll found.
Gold rose on Friday as worrying U.S. economic data rekindled some interest in the safe-haven metal, but was likely to log its biggest monthly drop since September on bets for aggressive interest rate hikes by the Federal Reserve.
Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the metal was set to end the month lower on bets of aggressive policy tightening by the U.S.
Arm Ltd said on Friday its Chinese joint venture had replaced its CEO, marking a major step towards resolving a two-year long dispute that had threatened to derail the UK-based chip designer's plans for a stock market listing.
Arm Ltd said on Friday a change in leadership at its Chinese joint venture fully complied with local laws, after concerns were raised about the move at the Chinese unit.
Arm China on Friday said it opposed a move by its board to replace its CEO, in what could further complicate its parent Arm Ltd's efforts to resolve a two-year long dispute and smooth the UK-based chip designer's path to a stock market listing.
Asian shares were set for their best day in six weeks on Friday led by Chinese tech stocks after reports of a possible resolution to the Sino-U.S.
Asian shares clung on to small gains on Friday thanks to a solid Wall Street session, but were still set for their worst month in two years, as China growth fears and looming U.S.
World shares rose on Friday, at the end of a month that will be the benchmark's worst in two years, as a slight pullback in the dollar from 20-year highs offered relief to battered markets.
