BRASILIA (Reuters) -Brazil's Solicitor General Jorge Messias said on Tuesday that the government decided to file a lawsuit with the Supreme Court challenging Congress' decision to overturn a tax hike on some financial transactions.
(Reporting by Ricardo Brito)
(Reuters) -Financial market bets rose that the Federal Reserve could start interest-rate cuts as soon as this month after Fed Chair Jerome Powell, asked if July was too soon to consider rate cuts, said he "can't say" but that the decision would depend on the economic data.
Short-term interest-rate futures pointed to about a one-in-four chance of a rate cut by the Fed's July 29-30 meeting after the comments at a central banking conference in Sintra,... (continue reading...)
SINTRA, Portugal (Reuters) -The euro's recent appreciation against the dollar doesn't just reflect market conditions but also the strength of the euro zone's economy, European Central Bank President Christine Lagarde said.
"It's a reflection of the market conditions and assessment," Lagarde told the ECB's Conference on Central Banking. "It's also a reflection of the strength of our economy."
(Reporting By Francesco Canepa, Editing by William Maclean)
MOSCOW (Reuters) -The Russian central bank will cut its benchmark interest rate by one percentage point to 19% at its board meeting on July 25 as inflation is expected to be within its estimated range in 2025, a Reuters poll of 12 economists showed on Tuesday.
Economists saw full-year inflation at a median of 7%, down from 9.9% earlier, as the central bank's tight monetary policy puts the brakes on economic growth, which was estimated to fall to a median... (continue reading...)
By Tom Little and Jacob Gronholt-Pedersen
COPENHAGEN (Reuters) -Denmark on Tuesday expanded its military service to include women, as the Nordic country seeks to recruit more soldiers and strengthen its defences amid heightened security concerns across Europe.
Under a law passed by Denmark's parliament in June 2023, Denmark will require women turning 18 after July 1, 2025, to register for assessment days for potential military conscription,... (continue reading...)
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