By Reuters Staff
1 Min Read
FILE PHOTO: President of Brazil s Lower House Arthur Lira is seen in Brasilia, Brazil, February 12, 2021. REUTERS/Ueslei Marcelino
BRASILIA (Reuters) - Brazil’s lower house speaker, Arthur Lira, knocked down reports on Wednesday that the cost of extending emergency pandemic payouts to the poor being discussed in Congress would exceed the government’s mandatory spending ceiling.
“I want to make clear that speculation over breaking the spending cap is unfounded,” Lira said on Twitter.
The Senate is expected to vote this week on a proposal to extend the monthly assistance payments for another four months.
Turkey's lira rose on Wednesday as surging inflation called for monetary policy to remain tight, while an index of emerging market currencies looked set for its best day in two months on stabilising bond yields and hopes of an economic rebound.
Wall Street fell on Wednesday as investors sold off technology stocks, while shares from Asia to Europe were flat, while the dollar rose even as U.S. jobs data disappointed investors and virtual curreny bitcoin jumped.
Currency reform paves way for aid, debt relief Dollar trade in banks still subject to restrictions Black market currency activity has plummeted
By Nafisa Eltahir, Khalid Abdelaziz and Patrick Werr
KHARTOUM, March 3 (Reuters) - Sudan’s devaluation of its currency last month, a long-awaited step in tackling the country’s chronic economic crisis, initially caused confusion among banks, traders and clients.
Yet less than two weeks after Sudan slashed the value of its pound and put a managed float in place, its banks are gradually taking over currency trades, opening the way for billions of dollars in debt relief and the unlocking of new finance.
4 Min Read
LONDON (Reuters) - British finance minister Rishi Sunak was reprimanded by Parliament Speaker Lindsay Hoyle for the leaking of significant announcements worth more than 100 billion pounds ($140 billion) ahead of Wednesday’s budget.
Britain s Chancellor of the Exchequer Rishi Sunak carries the budget box as he stands next to a car, outside his office in 11 Downing Street in London, Britain, March 3, 2021. REUTERS/John Sibley
Decisions covering more than that amount in Britain’s public finances over the next five years were reported anonymously in newspapers or officially announced before Sunak delivered his budget, Reuters analysis showed.
“It is very disappointing that one of the biggest moments in the parliamentary calendar has been undermined by the continuous leaking of significant announcements to the media over several days,” Speaker Lindsay Hoyle and his deputy, Eleanor Laing, told Reuters in a joint statement.