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Brazil inflation nears target band, supporting more monetary easing

Brazil inflation nears target band, supporting more monetary easing

By Gabriel Araujo SAO PAULO, July 28 (Reuters) - Brazil's 12-month inflation rate undershot forecasts and moved closer to the central bank's target range in its mid-July reading, official data showed on Tuesday, paving the way for a fourth consecutive interest rate cut next week.

Brazil mid-July inflation slows more than expected, annual rate nears target band

Brazil mid-July inflation slows more than expected, annual rate nears target band

SAO PAULO, July 28 (Reuters) - Brazil's IPCA-15 consumer price index rose far less than expected in the month to mid-July, official data showed on Tuesday, with the 12-month inflation rate moving closer to central bank's target range ahead of its next interest rate decision.

Santander Brasil posts weakest profit since 2023; shares tumble as provisions rise

Santander Brasil posts weakest profit since 2023; shares tumble as provisions rise

By Gabriel Araujo and Michael Susin SAO PAULO, July 29 (Reuters) - Banco Santander Brasil on Wednesday reported its weakest quarterly profit and profitability since late 2023, missing market expectations as tighter lending spreads and higher provisions for bad loans weighed on earnings.

S&P says El Niño unlikely to trigger rating changes, for now

S&P says El Niño unlikely to trigger rating changes, for now

By Marc Jones LONDON, July 29 (Reuters) - El Niño is unlikely on its own to lead to sovereign rating downgrades unless the weather phenomenon proves significantly more severe than expected or governments respond with costly support measures, one of S&P Global's top analysts has said.

Dollar retreats from one-month highs ahead of Fed decision

Dollar retreats from one-month highs ahead of Fed decision

By Rae Wee and Siddarth S SINGAPORE, July 29 (Reuters) - The U.S. dollar paused for breath on Wednesday, but held near one-month highs, as investors awaited a Federal Reserve interest rate decision later in the day, where some analysts believe there is a growing risk of a surprise hike.

Brazil's Bolsonaro is barred from this year's election. Can his AI avatar campaign instead?

By Ricardo Brito and Luciana Magalhaes BRASILIA/SAO PAULO, July 28 (Reuters) - Former Brazilian President Jair Bolsonaro is under house arrest for plotting against democracy, but an AI-generated avatar allowed him to make a surprise appearance at the launch of his son Flavio's presidential campaign

Emerging markets stare at inflation risks as powerful El Niño looms

Emerging markets stare at inflation risks as powerful El Niño looms

By Siddarth S and Johann M Cherian July 27 (Reuters) - Emerging economies already strained by the Middle East conflict face a new threat: a potentially powerful El Niño that could push up food prices and slow growth. The U.S.

Baker Hughes flags lower spending by oil and gas producers in 2026

Baker Hughes flags lower spending by oil and gas producers in 2026

By Vallari Srivastava and Sumit Saha July 27 (Reuters) - Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East.

RBI to hold rates through 2026 as growth risks outweigh inflation

RBI to hold rates through 2026 as growth risks outweigh inflation

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.

Brazil, South Korea agree to advance talks for Mercosur trade deal

Brazil, South Korea agree to advance talks for Mercosur trade deal

BRASILIA, July 27 (Reuters) - Brazil and South Korea agreed to accelerate talks on a potential trade deal between the Asian nation and the South American bloc Mercosur, their presidents said on Monday during a ceremony in Brasilia.

RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll

By Pranoy Krishna BENGALURU, July 27 (Reuters) - The Reserve Bank of India will keep its key interest rate unchanged at 5.25% in August and for the rest of the year, according to a Reuters poll of economists, as it assesses the impact of the Middle East war on the economy and price pressures.

Bank of Japan to signal more rate hikes as price pressures build

Bank of Japan to signal more rate hikes as price pressures build

By Leika Kihara TOKYO, July 27 (Reuters) - The Bank of Japan is set to keep interest rates steady on Friday but leave scope for further hikes with hawkish communication, as the economy faces mounting inflationary pressure from the Middle East war, a weak yen and robust global AI demand.