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(Reuters) -China plans to inject at least 400 billion yuan ($55.13 billion) into its biggest banks in coming months as part of a broader stimulus package to revive growth in the economy, Bloomberg News reported on Wednesday. The first batch of banks include Agricultural Bank of China (AgBank) and Bank of Communications (BoCom), Bloomberg said, …

China to start re-capitalizing banks with $55 billion, Bloomberg News reports Read More »

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) – Thailand’s central bank cut its benchmark interest rate by a quarter percentage point on Wednesday, a move it said was a response to a weaker growth outlook and increased risks posed by global trade policy uncertainty. The Bank of Thailand’s monetary policy committee voted 6-1 to …

Thai central bank cuts policy rate amid slow growth, global trade risks Read More »

SYDNEY (Reuters) – Australian consumer prices dipped month-on-month in January, dragged lower by a slowdown in housing costs and a drop in holiday travel, an outcome that should help reassure policymakers that inflation is heading in the right direction. Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) …

Australia January consumer prices dip in the month as housing inflation slows Read More »

By Davide Barbuscia and Douglas Gillison NEW YORK (Reuters) – Wall Street’s top regulator hit the brakes on a key reform on Tuesday, delaying by a year the rollout of new rules designed to curb systemic risk in the $28.5 trillion U.S. Treasury market by channeling more trades through clearing houses. The U.S. Securities and …

SEC extends key deadlines for US Treasury clearing rule Read More »

BUENOS AIRES (Reuters) -Argentina’s economic activity rose 5.5% in December compared with the same month in the prior year, growing at its fastest pace since mid-2022, official data showed on Tuesday. The increase also beat a 3.5% expansion expected by analysts surveyed by Reuters in the grain-rich South American nation. The data compares with a …

Argentina economic activity expands at fastest pace in two-and-a-half years Read More »

SANTIAGO (Reuters) – BHP will move forward with a $2 billion plan to optimize its concentrator at Escondida, the world’s largest copper mine, as part of its investment plan in Chile, the company said in a statement on Tuesday. BHP said the optimization is the first initiative of its decade-long $10.8 billion investment plan it …

BHP to advance $2 billion concentrator optimization at Escondida Mine in Chile Read More »