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(Reuters) -Brazil’s central bank head stressed on Monday the data-dependent stance of policymakers in their tightening cycle, emphasizing the need for confidence that monetary policy is achieving the desired effects amid heightened uncertainties. “It is essential to gather sufficient and diverse data to build this level of confidence,” said Gabriel Galipolo at an event hosted …

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SEOUL (Reuters) -South Korea’s state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday.  KDB plans to split its 19.5% shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources. KDB was unavailable for comment after business …

Korea Development Bank to sell shares in Hanwha Ocean, paper reports Read More »

JAKARTA (Reuters) -South Korean companies will increase their investment in Indonesia by $1.7 billion, Indonesian economic minister Airlangga Hartarto said on Monday after attending a meeting between a South Korean business association and President Prabowo Subianto. The planned increase is equal to more than 10% of the $15.4 billion that Airlangga said South Korean firms …

South Korean firms to increase Indonesia investments by $1.7 billion, minister says Read More »

By Maria Martinez and Sabine Siebold BERLIN (Reuters) -Germany has asked the European Commission for an exemption from European Union borrowing limits in order to increase defence spending in the coming years, according to a letter from German Finance Minister Joerg Kukies seen by Reuters on Monday. Kukies told Reuters in an interview on Friday …

Germany asks for EU leeway on defence spending, letter shows Read More »

(Reuters) -Spanish retail sales rose 3.6% in March from a year earlier on a calendar-adjusted basis and excluding the effects of inflation, after rising 3.6% in February, the National Statistics Institute (INE) said on Monday. (Reporting by Javi West Larrañaga, editing by David Latona)

PARIS (Reuters) -U.S. President Donald Trump’s tariff threats are creating uncertainty for economies around the world but there is still margin for further interest rate cuts in Europe as inflation in the euro-zone heads lower, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday. “We are in a moment of great uncertainty …

ECB’s Villeroy: there is still gradual margin for rate cuts Read More »

AMSTERDAM (Reuters) -The European Central Bank’s next policy meeting will be complex, as policymakers need to balance the uncertainty around inflation risks from U.S. tariffs, Dutch central bank governor Klaas Knot said in an interview with Dutch financial daily FD. “In the short term, it’s 100% clear that the demand shock will dominate, so inflation …

ECB faces complex meeting in June, Dutch central bank governor Knot says in FD report Read More »