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Economic Measures Recession

  • Nicolas Maduro, president of Venezuela

    The Venezuelan government donated $500,000 to Donald Trump’s inauguration fund despite on-going economic and political turmoil that has spouted the worst protests in years and a rising death toll.

  • SAO PAULO, April 19- Declining borrowing costs in Brazil will help local companies cut their debt and speed up refinancing efforts with creditors, even if they fail to jump-start economic growth in the short run, Moody's Investors Service said in a report on Wednesday. Still, a robust credit revival hinges on how demand reacts after almost three years of...

  • WASHINGTON— A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. The IMF expects the U.S. economy to grow 2.3 percent, up from 1.6 percent in 2016; the 19- country eurozone to expand 1.7 percent, the same as last...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard and Poor's downgraded...

  • *Inflation outlook unchanged, economists wary of rand. JOHANNESBURG, April 12- South Africa's debt downgrade to junk status and the finance minister's recent dismissal mean interest rates will be on hold until 2020 at least, a Reuters poll found on Wednesday. Economists in the poll, taken just a week after Fitch Ratings Agency and Standard& Poor's downgraded...

  • BRASILIA, April 7- Brazil's central bank will probably cut interest rates next week at the fastest pace since 2009, a Reuters poll showed on Friday, in its latest attempt to end a two-year recession as inflation continues to ease rapidly. "There are some uncertainties about the outlook and the main ones have to do with the pension reform," said Alessandra Ribeiro, an...

  • NEW YORK, April 6- A second wind for U.S. staffing companies' stocks, which rallied after President Trump's election, could rest on whether optimism over his agenda leads to sustained strength for the economy and employment. "The real key from here is that this confidence translates into orders for the staffing companies and that remains to be seen," said Chris Serra,...

  • BRASILIA, April 5- State-controlled lender Caixa Econômica Federal expects Brazilian workers to withdraw a total of 35 billion reais from a severance fund by the end of July, as part of government efforts to stimulate the economy amid frail signs of a recovery. In December, President Michel Temer's administration announced it would allow Brazilians to...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks are prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • SAO PAULO/ BRASILIA, April 3- Brazil's banks remain prepared to cope with a potential rise in corporate loans in or at risk of default, the central bank said on Monday, a sign efforts by lenders to refinance looming debt maturities are slowly easing the country's worst credit crunch in two decades. Brazil's harshest recession on record has prompted banks to...

  • Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis.

    Minneapolis Fed President Neel Kashkari said that policymakers at the U.S. central bank want to shrink the Fed's massive balance sheet.

  • Traders react to falling stock prices

    The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory.

  • BRASILIA, March 22- Brazil's government lowered its estimate for economic growth in 2017 but forecast a stronger recovery next year, a revision likely to lead to budget freezes and tax hikes as the country emerges from its worst recession on record. The Finance Ministry lowered its growth estimate for 2017 to 0.5 percent from 1.0 percent and forecast an...

  • BRASILIA, March 21- The Brazilian government plans to announce spending freezes of 30 billion to 35 billion reais this week to help meet part of its 2017 budget deficit target, the Senate leader said on Tuesday. Brazil's primary budget deficit target for this year is 139 billion reais, but a severe recession has shrunk revenues and the government is expected to...

  • MOSCOW, March 17- Standard and Poor's said on Friday it has raised Russia's sovereign outlook to positive from stable, expecting growth to improve as the country emerges from a two-year recession. "We expect GDP growth in Russia will pick up, averaging about 1.7 percent in 2017-2020, and we see a lower risk of large capital outflows, therefore moderating external...

  • SAO PAULO, March 15- Moody's Investors Service on Wednesday revised upward the ratings outlook for Brazil's sovereign rating to stable from negative, saying Latin America's largest economy was poised to exit its deepest recession on record. In a statement, Moody's Vice President Samar Maziad said a stabler macroeconomic outlook is likely to bolster the...

  • SAO PAULO, March 14- Real estate activity in the greater São Paulo area, Brazil's largest market, should rebound this year as interest rates fall and the government pushes through key economic reforms, a construction industry group said on Tuesday. The improved outlook would be good news for Cyrela Brazil Realty SA, MRV Engenharia e Participações SA and Eztec...

  • There's a global systemic crisis on the horizon: Expert

    The U.S. banking sector and weak economy could spark a crisis worse than the 2008 meltdown, warns James Rickards, editor at Strategic Intelligence.

  • BRASILIA, March 9- American Airlines Inc plans to invest $100 million in an aircraft maintenance center in Sao Paulo, a Brazilian minister said on Thursday, touting it as a sign of confidence in Latin America's largest economy despite Brazil's recession and latest political turmoil. "An American Airlines executive told me today the company does not share the...

  • No immediate risk of a US recession: Expert

    Daniel Lugasi of VL Capital Management says he's looking out for the next recession but it won't happen just this year.