By Sabine SieboldThe German draft budget for 2027 foresees borrowing of more than €203 billion ($232 billion), up from total borrowing of €196.5 billion in the key targets approved by the government in April, according to the budget draft seen by Reuters on Friday.This compares with €50.5 billion i…
The Bank of Tanzania raised its key interest rate by 50 basis points to 6.25% on July 3rd, 2026, marking its first hike since April 2024.Policymakers said the decision was intended to ensure inflation remains within the 3%–5% target range while sustaining economic growth.The annual inflation rate i…
Home sales in the Greater Toronto Area (GTA) rose 9.4% in June from a year earlier as the busy summer sales season got underway.Canada’s largest housing market saw 6,770 homes in the GTA sell during June. That was up 1.4% from the previous month of May.The Toronto Regional Real Estate Board said th…
The European Union’s cryptocurrency industry has entered a new enforcement phase as the transition period under the Markets in Crypto-Assets (MiCA) regulation came to an end.The end of the transition means crypto companies without MiCA authorization can no longer legally serve EU clients and are ex…
Silver rose above $62 per ounce on Friday, reaching its highest level since June 23 and heading for a nearly 6% weekly gain, as weaker-than-expected US jobs data dampened expectations for a near-term Federal Reserve interest rate hike.US nonfarm payrolls grew by only 57,000 in June, the smallest in…
ANKARA (dpa-AFX) - Turkey's consumer price inflation moderated in June to the lowest level in three months, figures from the Turkish Statistical Institute showed on Friday.Consumer price inflation slowed to 32.11 percent in June from 32.61 percent in May. The expected inflation rate was 32.1 percen…
Gold climbed to $4,170 per ounce on Friday, touching its highest level since June 23 and set for a 2% weekly gain after four consecutive weeks of declines, as weak US jobs data reduced expectations for a near-term Federal Reserve interest rate hike.US nonfarm payrolls increased by just 57,000 in Ju…
The central bank's Monthly Decision Maker Panel, which surveys chief financial officers from small, medium and large UK businesses, showed that prices were 3.8% higher year-on-year over the three months to June, unchanged from the three months to May.However, expectations for own-price inflation ov…
The Ibovespa edged up to trade near the 173,000 mark on Friday as investors assessed May industrial production and June services PMI data.Services activity data showed an expansion at a slightly faster pace in June as demand improved, supporting shares linked to domestic tertiary sector activity.Re…
Avis Budget Group, Inc.'s CAR top line benefits from the growing consumer shift toward short-term vehicle access over vehicle ownership. The company drives growth by leveraging its strong market share, optimizing fleet efficiency and capitalizing on rising travel demand, while adapting quickly to s…
The S&P Global Composite PMI for Brazil rose to 50.7 in June 2026 from 49.5 in May, pointing to a mild recovery in private sector activity.The upturn was driven by services, while manufacturing recorded a softer decline in output.Aggregate new orders increased, driven by stronger demand for service…
Brazil's S&P Global Services PMI rose to 51.3 in June 2026 from 50.4 in May, signaling a slightly faster pace of expansion in the services sector and extending the current growth streak to eight months.The survey showed that new business continued to increase only modestly, with transport, informat…
ROME (dpa-AFX) - Italy's retail sales increased more than expected in May after remaining flat in the previous month, the statistical office ISTAT reported Friday.The sales value rose 0.2 percent on a monthly basis in May, following a stagnant change in April. Economists had expected an increase of…
Mexico's Consumer Confidence Index rose 0.4 points to 43.8 in June 2026 from May, as households became slightly more optimistic about current economic conditions.Four of the five components of the index improved during the month.The largest increases were recorded in perceptions of current househol…
Brazil's industrial production fell 0.2% in May 2026 from the previous month, missing expectations of a 0.3% growth and marking its first monthly decline of the year after a 0.7% increase in April.The downturn was broad-based, with three of the four major industrial categories and 8 of the 25 indus…
The SEC and CFTC are asking for public comment on how portfolio margining frameworks could be better aligned, a technical but important move for derivatives desks that operate across both securities and commodities markets.For crypto, the story sits inside a bigger market-structure question. Digita…
TAKE YOUR BEST ECB GUESSCentral bankers gathered in Portugal this week for the European Central Bank's annual forum. Investors were watching especially closely this time around as the outlook for interest rates globally is looking somewhat unusually uncertain, so clues about the policy outlook feel…
Wiley-Published Title Honored Among Books Submitted By Literary Agents and Major Publishing Houses WorldwideNEW YORK CITY, NY / ACCESS Newswire / July 3, 2026 / The Black Book of Reshoring: The Essential Guide to America's New Manufacturing Boom by Douglas Brown has been named a Finalist in the Bus…
Russia's Autostat, citing data from its partner, consulting company PPK, says:
By Saqib Iqbal Ahmed and Laura MatthewsA tepid June jobs report offers relief for U.S. equities just as investors had begun to worry that excessive labor market strength might force the Federal Reserve to turn more hawkish in its fight against inflation, hobbling highflying tech stocks that have dr…
