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Economic News Headlines

UPDATE 1-Mexican economy shrinks in April on agriculture dip

Mexico's economy shrank 0.6 percent in April from the previous month as output declined across sectors, the national statistics agency said on Friday. The agricultural sector dipped 1.7 percent in April from the previous month in seasonally adjusted terms, leading losses, the agency said. Services fell 0.5 percent, and the industrial sector shrank 0.4 percent. Gross domestic product in Latin America's second-biggest economy

UPDATE 1-Mexico inflation almost unchanged in early June

Mexican consumer price inflation was slightly below forecast in the first half of June, hovering around a 17-month low reached in May, data from the national statistics agency showed on Friday. Inflation was 4.54 percent in the 12 months through the first half of June, compared with 4.51 percent during May, the agency said. Analysts polled by Reuters had forecast a rate of 4.56 percent. Mexican inflation accelerated sharpl

CANADA STOCKS-TSX futures up ahead of OPEC meeting

Stock futures pointed to a higher opening for Canada's main stock index on Friday, with crude prices up more than 1 percent as OPEC meets in Vienna. OPEC moved closer towards boosting oil output as its leader, Saudi Arabia, appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage. June futures on the S&P/TSX index were up 0.37 percent at 7:15 a.m. ET. Canadian inflation and retail sales dat


U.S. says still working to reunite 2,053 children with families

WASHINGTON The U.S. government said it still had 2,053 children in its custody who were separated from their parents under President Donald Trump's "zero tolerance" immigration policy, and set out its most detailed plans yet on how it would reunite families.