Page 39 - Eco News Today

South Africa's rand strengthened early on Tuesday, ahead of local manufacturing data that could provide more clues about the health of the economy.

More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday.

Brazil's annual inflation in June fell to its lowest level since September 2020, data from statistics agency IBGE showed on Tuesday, renewing bets that an interest rate cut is around the corner as consumer prices continue to trend down.

An Argentine team is traveling on Tuesday to the United States to meet with officials from the International Monetary Fund (IMF) to negotiate terms to relax the agreement between the two, a source at Argentina's economy ministry said.

Egypt has signed contracts to sell stakes in state assets worth a total of $1.9 billion as part of a programme to boost the private sector and raise scarce hard currency, Prime Minister Mostafa Madbouly said on Tuesday.

After pivoting Turkey away from Western allies, President Tayyip Erdogan has changed tack with moves that have pleased the U.S. and upset Russia, a turnaround seen aimed partly at reversing his country's economic downturn and boosting foreign investment.

A look at the day ahead in European and global markets from Wayne Cole

Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday.

India's Godrej Aerospace said on Monday it will pitch to manufacture modules of GE 414 engines and become part of the supply chain to manufacture engines that will power the country's next generation indigenous fighter jets.

Investors looked ahead to a key inflation report and commentary from a slew of Federal Reserve officials this week.