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Brazil's trade surplus this year is likely to fall short of prior forecasts, according to private economists and an Economy Ministry official, as a spike in the cost of imported fuel and fertilizer offsets strong exports of other raw materials.

Inflation in Canada may have peaked but remains far too high, Bank of Canada Governor Tiff Macklem said in a newspaper op-ed on Tuesday, adding that the central bank is determined to bring price increases back to its 2% target.

U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the housing market could contract further in the third quarter. The housing market's declining fortunes brought fears of a broader economic recession back into focus.

* BANK OF CANADA TO AUCTION C$12 BILLION OF T-BILLS ON AUG. 30, PRELIMINARY CALL FOR TENDERS SHOWS. * BANK OF CANADA TO SELL C$6.9 BILLION 98-DAY T-BILLS, C$2.55 BILLION 168-DAY T-BILLS, C$2.55 BILLION 350-DAY T-BILLS Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/regular-treasury-bills/

Gold edged lower on Tuesday as the dollar held close to a near three-week high, while investors awaited direction on interest rate hikes from minutes of the U.S.

U.S. Treasury yields edged higher on Tuesday as encouraging data from American retail giants suggested the Federal Reserve has room to further tighten financial conditions as it battles four-decade ...

The dollar gained on Tuesday as it benefited from expectations that the U.S. economy will be stronger than peers and the Federal Reserve will continue to hike interest rates.

Production at U.S. factories increased more than expected in July as output rose at motor vehicle plants and elsewhere, pointing to underlying strength in manufacturing despite ebbing business confidence. Manufacturing output rebounded 0.7% last month after declining 0.4% in June, the Federal Reserve said on Tuesday.

* Housing starts drop 9.6%; building permits fall 1.3% * Single-family starts tumble 10.1%; permits drop 4.3% * Housing construction backlog rises 5.0% * Manufacturing production rebounds 0.7% By Lucia Mutikani.

The Canadian dollar edged higher against its U.S. counterpart on Tuesday as investors raised bets on a supersized interest rate hike by the Bank of Canada next month after domestic data showed rising ...

U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the housing market could contract further in the third quarter. The housing market's declining fortunes brought fears of a broader economic recession back into focus.

U.S. homebuilding fell sharply in July, weighed down by higher mortgage rates and prices for materials, suggesting that the housing market could contract further in the third quarter. Housing starts plunged 9.6% to a seasonally adjusted annual rate of 1.446 million units last month, the Commerce Department said on Tuesday.

Canada's inflation eased slightly in July on lower gasoline prices, official data showed on Tuesday, prompting the central bank governor to say that the annual rate may have peaked but will "remain too high for some time". Underlying price pressures suggested another outsized interest rate hike was still on the cards.

Canadian housing starts surprisingly rose in July compared with the previous month, data from the national housing agency showed on Tuesday. The seasonally adjusted annualized rate of housing starts rose 1.1% to 275,329 units from a revised 272,381 units in June, Canadian Mortgage and Housing Corporation data showed.

- China's central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with cash but lacking in consumer demand and business confidence.

China's central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with cash but lacking in consumer demand and business confidence.

analyst (Updates comments, prices) By Arundhati Sarkar Aug 16 (Reuters) - Gold extended losses on Tuesday after posting its biggest drop in a month in the previous session as a stronger ...

Euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas and oil, Eurostat data showed on Tuesday. Eurostat said the trade gap of the 19 countries sharing the euro with the rest of the world, unadjusted for seasonal swings, was 24.6 billion euros in June, compared to a 17.2 billion surplus in June 2021.

Euro zone countries swung into a trade deficit in June from a surplus 12 months earlier because of soaring prices of imported gas and oil, Eurostat data showed on Tuesday. Eurostat said the trade gap of the 19 countries sharing the euro with the rest of the world, unadjusted for seasonal swings, was 24.6 billion euros in June, compared to a 17.2 billion surplus in June 2021.

Japan's Nikkei index closed almost flat on Tuesday, with energy-related stocks and shippers weighing the most, as worries about a slowdown in the U.S. and Chinese economies weakened sentiment. The Nikkei share average finished 0.01% lower at 28,868.91, snapping a two-day rally that had sent it to the highest level in more than seven months.

Gold prices steadied on Tuesday as a dip in U.S. bond yields countered pressure from a firmer dollar and concerns over further rate hikes by the Federal Reserve.

- The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction.

- The Philippine central bank will follow its surprise July rate hike with a half-point point rise on Thursday and another quarter-point increase in September to catch up with its peers in containing soaring inflation, a Reuters poll forecast.

The dollar was little changed against a basket of currencies on Tuesday as investors waited on U.S. retail sales and minutes from the Federal Reserve's July meeting on Wednesday. The greenback has bounced from a six-week low last week as investors ramp up bets that the U.S. central bank will continue to hike rates aggressively as inflation remains persistently high.

Gold prices inched lower on Tuesday after falling more than 1% in the previous session, weighed down by an uptick in the U.S. dollar and worries over further U.S. interest rate hikes.

CARACAS - Venezuela's inflation slowed to 7.5% month-over-month in July, from 11.4% recorded in June, according to data released on Monday by the country's central bank. Inflation in June caused worry when it topped double digits after nine months under that threshold, prompting President Nicolas Maduro's administration to implement policies to curb rising prices.

* TSX ends 0.79 points higher at 20,180.60. * Posts its highest closing level since June 10. * Home Capital Group (HMCBF) gains 9.9% * Turquoise Hill Resources (TRQ) loses 10.4% By Fergal Smith. Canada's main stock index recouped earlier losses to end higher on Monday, as optimism about equities offset Chinese data that revived fears about a global economic slowdown.

* Wall Street indexes close higher. * China's central bank cuts rates after disappointing data. * Oil falls about 3%, safe-haven gold drops 1% * Benchmark 10-year yields weaken. By Chibuike Oguh. Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected economic data in China that prompted its central bank to cut its lending rate, stoking concerns of a global recession.

Ghana's monetary policy committee will hold an emergency meeting on Wednesday to review recent economic developments, the central bank said in a statement on Monday. Last week data showed that consumer inflation accelerated to 31.7% annually in July, its highest since late 2003, and the government's top statistician warned that it was not possible to say whether prices had peaked.

The U.S. Federal Reserve said on Monday it had finalized guidelines for how it will review requests by banks, fintechs and other firms to access the central bank's master accounts and payment systems.

The U.S. Federal Reserve announced on Monday it had finalized guidelines for how it would review requests by banks, fintechs and other firms to access the central bank's master accounts and payment systems.

With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at which it is shrinking its massive $8.9 trillion balance sheet.

* Wall Street indexes trade up. * China's central bank cuts rates after disappointing data. * Dollar index gains. * Oil prices fall. * Safe-haven gold drops 1% * Benchmark 10-year yields weaken. By Chibuike Oguh.

Global equities and the U.S. dollar advanced on Monday despite weaker-than-expected economic data in China that prompted its central bank to cut its lending rate, stoking concerns of a global recession. The People's Bank of China unexpectedly cut key interest rates after the world's second-largest economy reported July data on industrial output and retail sales that missed most analyst estimates.

* Wall Street indexes trade lower. * China's central bank cuts rates after disappointing data. * Dollar index gains. * Oil prices fall. * Safe-haven gold drops 1% * Benchmark 10-year yields weaken. By Chibuike Oguh.

- U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest levels since near the start of the COVID pandemic, a further sign the economy is softening as the Federal Reserve raises interest rates.

U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest levels since near the start of the COVID pandemic, a further sign the economy is softening as the Federal Reserve raises interest rates.

* Gold hit its lowest since Aug. 8. * Silver, palladium and platinum fall over 3% By Ashitha Shivaprasad. Gold fell over 1% to its lowest in a week on Monday amid sharp declines across precious metals due to a stronger dollar, with concerns over further rate hikes by the U.S. Federal Reserve adding to pressure on bullion.

Brazil's real and Mexico's peso fell against the dollar on Monday, tracking other emerging market currencies as worries about China's economic growth dented risk appetite, while ...

Brazilian central bank chief Roberto Campos Neto on Monday said policymakers had never imagined the country's unemployment rate below 9%, but it now seems likely to fall to around 8.5%. Brazil's jobless rate in the three months through June stood at 9.3%, the lowest level for the period since 2015.