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Brazil's oil output up 17% in May, regulator says

Brazil's oil production rose 16.9% year-on-year in May to 4.3 million barrels per day, oil regulator ANP said on Wednesday, while natural gas output was up 19.6% to 206.06 million cubic meters per day.

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Futures
NEWS reuters

Colombia's incoming finance minister says fiscal deficit is 7% to 8% of GDP

Colombia's fiscal deficit stands between 7% and 8% of GDP, higher than what the current government claims, incoming Finance Minister Miguel Gomez said on Wednesday.Gomez told Blu Radio in an interview that figures presented by the outgoing finance minister are inaccurate."The situation that I am re…

Reuters en
Economy
NEWS reuters

Four takeaways from Tuesday's primaries

By Richard CowanAnti-establishment progressives racked up another good night in Democratic primary contests on Tuesday, toppling seasoned office-holders in Colorado as the party continues its internal battle over how far left it can go without ruining its prospects for taking control of the U.S. Co…

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July has been good to U.S. equity bulls for 11 years, can it hit 12?

JULY HAS BEEN GOOD TO U.S. EQUITY BULLS FOR 11 YEARS, CAN IT HIT 12?July has been kind to U.S. stock investors for more than a decade, and Wall Street analysts say this year's setup, marked by lower oil prices and strong seasonal factors, could make for another run-up.The S&P 500 CBOE:SPX has poste…

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indexStocksUS

India's Hero MotoCorp to invest over $336 million in Andhra Pradesh

India's Hero MotoCorp NSE:HEROMOTOCO said on Wednesday it will invest more than 32 billion rupees ($336 million) in the southern state of Andhra Pradesh, including over 7.5 billion rupees for a global parts centre, to expand its manufacturing, logistics and electric mobility footprint.The investmen…

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EconomyStocksIN
NEWS reuters

NATO allies will need to step up at Ankara summit, U.S. NATO ambassador says

U.S. President Donald Trump will expect all NATO allies at their summit in Ankara next week to urgently be on a path toward spending 5% of gross domestic product on defence and defence-related measures, the U.S. ambassador to NATO said on Wednesday."Some allies are doing more than others," ambassad…

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NEWS reuters

TABLE-US May construction spending data

July 1 (Reuters) - U.S. Commerce Department seasonally adjusted annual rates of construction spending, with comparisons: PERCENT CHANGE: May Apr May'26/25 Total spending 0.1 0.3 -1.5 Private spending 0.0 0.3 -2.1 Residential…

Reuters en
Economy
reuters

Stock market boom runs on a 'large deficit model'

By Jon SindreuConventional wisdom holds that the current bull market is all about artificial intelligence. Look closer, though, and U.S. fiscal spending is mostly responsible. If investors' gains are down to a "large deficit model", rather than large language models, it means the boom is vulnerable…

Reuters en
indexStocksUS
NEWS reuters

Cannibalism is bad for your health, scientists find

Cannibalism became taboo in human societies not out of instinctive aversion but because it is harmful to populations who practise it, scientists from Poland and the Czech Republic have found.Michal Misiak of the University of Wroclaw and Petr Turecek of Charles University in Prague used a mathemati…

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NEWS reuters

US May construction spending data

July 1 (Reuters) - For the U.S. Commerce Department's construction spending report, see: https://www.census.gov/construction/c30/pdf/release.pdf ((Washington newsroom))

Reuters en
Economy