Brazil's real weakened on Monday beyond 4.20 per dollar, on course for its weakest closing level on record, as traders pushed the currency through the key level where the central bank had intervened in August by selling dollars on the spot market.
Brazil's Economy Minister Paulo Guedes said on Monday that the government's primary budget deficit this year should come in at just below 80 billion reais . Speaking at a news conference in Brasilia, Guedes said that the government had resisted increasing pressure to abolish its spending cap, but will be able to reverse all the spending freezes announced earlier in the year so it could meet its...
The current stance of monetary policy is appropriate for the U.S. economy and the Federal Reserve should now wait and see how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.
Fannie Mae (FNMA) on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed.
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning to discuss "the economy growth, employment and inflation," the Fed said in a statement. The meeting included Treasury Secretary Steven Mnuchin.
Zimbabwe's central bank cut its main lending rate to 35% from 70% effective Wednesday after a meeting of the monetary policy committee, which said the inflation outlook was positive despite a recent spike in prices. The month-on-month inflation rate soared to a four-month high of 38.75% in October from 17.7% the previous month, propelled by a surge in the prices of food and alcoholic beverages.
* Merkel: We can generate growth without new debt. * BDI boss: "Germany must wake up from sleeping phase" By Michael Nienaber. Chancellor Angela Merkel and Finance Minister Olaf Scholz on Monday brushed aside a rare joint demand from German businesses and unions that they "wake up" the stagnant economy by ditching the balanced budget policy and funding infrastructure with debt.
* MOOD IN BEIJING ABOUT A TRADE DEAL IS PESSIMISTIC DUE TO U.S. PRESIDENT DONALD TRUMPS RELUCTANCE TO ROLL BACK TARIFFS- CNBC Source text: https://cnb.cx/32XFdSn.
Saudi Arabia's crude oil exports in September fell by 3% to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Drone and missile attacks on Sept. 14 on two plants at the heart of Saudi Arabia's oil industry - Abqaiq and Khurais - temporarily knocked out more than half the Kingdom's output.
Saudi Arabia's crude oil exports in September fell to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures to the Joint Organizations Data Initiative, which publishes them on its website.
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