Mexico's government will inject between $1.3 billion and $1.6 billion into state oil company Petroleos Mexicanos (Pemex) this year and offer a tax break of 75 billion Mexican pesos ($3.68 billion), a senior official told Reuters on Thursday.
A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.
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TORONTO, Feb 18 (Reuters) - A recent rise in Canadian long-term bond yields is a signal the economy needs less support than it did in 2020, strategists say, as investors become more confident that a successful rollout of COVID-19 vaccines will eventually boost activity and inflation.
The jump in yields, which tracks a similar development in the U.S. bond market, could provide Canadian policymakers with a reason to dial back historic levels of support for the economy, reassuring credit rating agencies alarmed by record deficits.
“It definitely signals more positive times ahead,” said Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets. “It’s a general belief that the economy is going to return to something a bit more normal.”
Nigeria's economy contracted by 1.92% in 2020, the statistics office said, marking the country's second full-year recession since 2016, as a result of a fall in revenues due to an oil price slump on top of the COVID-19 pandemic.
By Reuters Staff
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LA PAZ, Feb 17 (Reuters) - Bolivia´s central bank said on Wednesday it returned a loan of nearly $346.7 million dollars, plus interest, to the International Monetary Fund (IMF) to avoid unnecessarily saddling its economy with debt.
The loan was approved last year by the interim government of Jeanine Anez, which argued the funds were a necessary shot-in-the-arm following a political crisis that had led to the resignation of longtime leftist leader Evo Morales.
“This loan, in addition to being irregular and onerous due to financial conditions, generated . millions in costs to the Bolivian state,” the bank said in a statement.