Brazil's national debt started this year at a record high, central bank figures showed on Friday, while rock-bottom official borrowing costs kept interest payments as a share of the economy anchored at historic lows. Government debt rose to 89.7% of gross domestic product in January, up half a percentage point from the previous month and the highest level on record.
Brazil's national debt opened this year at a record high 89.7% of gross domestic product, while the public sector posted a primary surplus of 58.4 billion reais, the central bank said on Friday.
The City of London's finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed.
The City of London's finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed.
Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday.
Canada's main stock index was little changed at the open on Wednesday as gains in energy stocks on the back of firmer crude prices were offset by weakness in the materials sector. * At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 11.82 points, or 0.06%, at 18,341.91.
Global airline industry body IATA warned that the outlook for airlines has been weakened recently by tightening coronavirus restrictions but said it was preparing for a travel recovery later this year and would launch a digital travel pass in March.
Global airline industry body IATA warned that the outlook for airlines had weakened since its December forecasts, and due to tightening travel restrictions it now expected the industry to still be bleeding cash by the fourth quarter of this year.
* Reuters Live Markets blog: * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. European shares opened generally higher on Wednesday but world shares remained in the red after a weak Asian session, even after Fed Chair Jerome Powell pushed back against inflation fears.
* GDP growth rate for Q4 revised up to 0.3% * Exporters benefit from strong Chinese demand. * Low interest rates help construction sector. * Lockdown measures cloud outlook for Q1. By Michael Nienaber.
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