BEIJING (Reuters) – China’s central bank will cut banks’ reserve requirement ratio and interest rates at the “appropriate time” and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee. The committee of the People’s Bank of China (PBOC) suggested stepping up monetary policy adjustment …
China’s central bank says it will boost forex market resilience Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan It’s Friday, so today I’ll provide a quick overview of what’s happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today’s Market Minute * Britain’s Heathrow Airport was shut on Friday after a huge …
Morning Bid: Glum end to markets week as tariffs loom Read More »
BEIJING (Reuters) – Chinese artificial intelligence startup Manus on Thursday registered its China-facing AI assistant and was featured for the first time in a state media broadcast, highlighting Beijing’s strategy of boosting domestic AI firms that have received overseas recognition. Since China’s DeepSeek shocked Silicon Valley by releasing AI models comparable to its U.S. competitors …
Beijing boosts AI startup Manus, as China looks for the next DeepSeek Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese companies have agreed to raise pay by 5.4% this year, the second tally of annual labour talk results from the country’s largest union umbrella group Rengo showed on Friday. The number is slightly lower than the preliminary reading of 5.46% announced last week, but on course to be the …
Japanese firms agree to 5.4% wage hike, top union group’s second estimate shows Read More »
JAKARTA (Reuters) -The role of the Indonesia’s central bank must be strengthened to help support the government’s economic growth target of 8% by 2029, a lawmaker heading a parliamentary committee overseeing the financial sector said on Friday. Mukhamad Misbakhun said the commission has been preparing measures on how parliament could help the government to achieve …
By Byron Kaye and Rishav Chatterjee SYDNEY (Reuters) -Australia’s dominant supermarket chains have benefited from wider profit margins at a time of rapidly increasing shelf prices, the competition regulator said in a new report on Thursday, and called for measures to make the industry fairer. Grocery prices have jumped 24% in the past five years, …
Australia’s supermarkets grew profit margins as living costs soared, says regulator Read More »
SAN SALVADOR (Reuters) – The Inter-American Development Bank (IDB) will lend El Salvador $500 million to shore up its budget as the Central American nation carries out structural reforms stipulated under a recent deal with the International Monetary Fund (IMF), the IDB said on Thursday. The loan will give El Salvador room to make progress …
Development bank clears $500 million for El Salvador after IMF deal Read More »
By Ana Mano SAO PAULO (Reuters) -Shares in Minerva, South America’s largest beef exporter, rose sharply on Thursday as analysts cheered strong fourth-quarter operating results that allayed concerns about surging debt amid a downturn in Brazil’s cattle cycle. Goldman Sachs reiterated its “buy” rating on the stock, citing the potential for strong sales to China …
Beef exporter Minerva’s shares jump on strong operating results, easing debt concerns Read More »
BRASILIA (Reuters) -Brazil’s Congress approved on Thursday a 2025 budget bill that foresees a primary surplus of 15 billion reais ($2.66 billion) for the central government this year, up from the 3.7 billion reais projected in August by the government. The text, sponsored by Senator Angelo Coronel, states that revenue projections were revised upward, leading …
Brazil’s Congress approves 2025 budget bill with higher surplus projection Read More »
By Fergal Smith (Reuters) – Canada’s main stock index ended marginally lower on Thursday, with losses for technology offsetting gains for energy shares as investors weighed economic uncertainty and turned their attention to an expected general election. The Toronto Stock Exchange’s S&P/TSX composite index ended down 8.97 points, or 0.04%, at 25,060.24, after posting on …
TSX ends marginally down ahead of expected snap election Read More »
