NEW YORK (Reuters) – South Africa’s declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to rise, Deputy Finance Minister Nhlanhla Nene told Reuters on Wednesday.
Africa’s biggest economy has seen its growth rates trending down and forecasts for this year are for more of the same, Nene told Reuters on the sidelines of a UBS investment conference in New York.
NEW YORK (Reuters) – Chile has no plans to sell sovereign debt in the international markets this year, Finance Minister Felipe Larrain said on Tuesday, citing little need for the cash and the unfavorable rise in benchmark U.S. Treasury yields.
“We really don’t need the money, and I don’t think we can do better than what we got in 2012,” he said.
NEW YORK, Oct 7 (Reuters) – The three main credit rating
agencies have all warned, in varying degrees, the United States
rating could be cut should it hit an expected Oct. 17 deadline
when Washington is set to run out of cash, endangering its
ability to pay its debt.
As in 2011 when Democrats and Republicans in the U.S.
Congress could not agree on a budget and spending measures, the
full faith and credit of the United States is being put into
question, and global markets are coming under pressure.
NEW YORK, Oct 1 (Reuters) – The dollar traded broadly lower
on Tuesday, but came off its deepest lows of the day after
robust U.S. manufacturing data offset fears that the U.S.
government’s first partial shutdown in 17 years would clip the
U.S. manufacturing activity expanded at its fastest pace in
almost 2-1/2 years, while firms added the most workers in 15
NEW YORK (Reuters) – The dollar was little changed against other major currencies on Monday, paring earlier losses, as hopes grew that U.S. lawmakers will reach a deal and avert a partial government shutdown as the Washington budget battle hurtled toward a midnight deadline.
The law that funds thousands of routine government activities is set to expire at midnight, as Republicans seek to defund President Barack Obama’s healthcare law.