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EU’s necessary defence spending boost makes inflation harder to predict, ECB’s Knot says

20 Mar 2025

AMSTERDAM (Reuters) – Europe is justified in increasing defence spending but this will boost debt and make inflation or monetary policy direction more difficult to predict, Dutch central bank chief Klaas Knot said on Thursday. The ECB has cut interest rates six times since last June but offered few if any signals about future moves, …

EU’s necessary defence spending boost makes inflation harder to predict, ECB’s Knot says Read More »

Deutz shows positive signs, but shares slip after strong gains

20 Mar 2025

By Paolo Laudani (Reuters) -German engine maker Deutz reported on Thursday a slightly smaller than expected drop in adjusted operating profit and higher orders for 2024, though neither was enough to sustain a recent surge in its shares.  The stock had leapt 57% this year on optimism it could benefit from a planned government spending …

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Taiwan central bank holds rate as expected, sees little impact from US tariffs

20 Mar 2025

By Faith Hung and Liang-sa Loh TAIPEI (Reuters) -Taiwan’s central bank held its policy rate unchanged as expected on Thursday, prompted by lingering concerns over inflation and uncertainty about new U.S. trade tariffs. The central bank left the benchmark discount rate at 2%, in line with predictions from a Reuters poll of 33 economists, who …

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South Korea’s Hanwha Aerospace plans $2.5 billion capital raise for foreign and home expansion

20 Mar 2025

By Joyce Lee SEOUL (Reuters) -South Korea’s largest defence firm Hanwha Aerospace Co Ltd said on Thursday it plans an equity capital increase worth 3.6 trillion won ($2.5 billion) to build up overseas and domestic production to meet growing international demand. Hanwha “plans to secure strategic overseas production bases in Europe, the Middle East, Australia …

South Korea’s Hanwha Aerospace plans $2.5 billion capital raise for foreign and home expansion Read More »

Thai central bank eases loan rules to help struggling property sector

20 Mar 2025

BANGKOK (Reuters) – Thailand’s central bank said on Thursday it has relaxed loan-to-value rules starting in May until June next year to support the ailing property sector, a measure it said would not pose significant risks to financial stability. Developers have sought government assistance for a sector that has been grappling with weak demand, oversupply, …

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Lanxess sees full-year core profit hit by economic slowdown, political risks

20 Mar 2025

By Rafal Wojciech Nowak (Reuters) -German speciality chemicals maker Lanxess said on Thursday it expected full-year 2025 earnings to be impacted by slow economic growth and a high likelihood of politically triggered economic turbulence. Lanxess attributed the cautious outlook to the war in Ukraine, conflicts in the Middle East and trade policy changes in the …

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Vietnam allows some banks to have up to 49% foreign ownership

20 Mar 2025

HANOI (Reuters) -Vietnam’s government said some private banks can increase their foreign ownership to up to 49% from 30% after they took over struggling financial institutions as part of the government’s plan to restructure the banking system. The government did not name any eligible banks in the statement posted on its website, but said the …

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Investors scale back bearish Asian FX bets, turn bullish on Philippine peso: Reuters poll

20 Mar 2025

By Roushni Nair (Reuters) – Investors pared bearish bets on Asian currencies as the U.S. dollar faltered, with markets increasingly anxious that President Donald Trump’s protectionist trade agenda could derail growth in the world’s largest economy, a Reuters poll showed on Thursday. Short positions on China’s yuan fell to their lowest since January 2024 while …

Investors scale back bearish Asian FX bets, turn bullish on Philippine peso: Reuters poll Read More »

Australia employment posts surprise fall in February but jobless rate still low

20 Mar 2025

By Stella Qiu SYDNEY (Reuters) -Australian employment unexpectedly fell in February to end a strong run of impressive gains, in a sign that the red-hot labour market could be finally loosening a little, although the jobless rate stayed low. The soft headline result sent the Australian dollar 0.4% lower to $0.6334, while three-year government bonds …

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China holds benchmark lending rates steady as expected

20 Mar 2025

SHANGHAI (Reuters) -China held benchmark lending rates steady for the fifth straight month in March on Thursday, matching market expectations. WHY IT’S IMPORTANT Early signs of the economic recovery gaining some momentum and persistently narrowing profit margins for lenders have reduced the urgency for more easing measures, despite the central bank’s shift to an “appropriately …

China holds benchmark lending rates steady as expected Read More »

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