RIYADH (Reuters) – Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by an increase in housing rents. Rents for housing increased by 10.8% in November, with apartment rental prices increasing by 12.5%, the General Authority for …
SEOUL (Reuters) -South Korea’s finance ministry vowed on Sunday to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law. The ministry said it will actively communicate with the parliament to keep the economy stable, adding that it …
South Korea vows to keep markets stable after Yoon’s impeachment Read More »
(Reuters) – Boston-based regional banks Berkshire Hills Bancorp and Brookline Bancorp are in merger talks, the Wall Street Journal reported on Saturday, citing people familiar with the matter. The deal would merge the two banks, which each has about $12 billion in assets, and could be announced as soon as next week, according to WSJ. …
Boston-based banks Berkshire Hills and Brookline in talks to combine, WSJ reports Read More »
BEIJING (Reuters) -China’s economy is expected to grow by about 5% this year, the deputy director of the country’s central financial and economic affairs commission said on Saturday. The world’s second-largest economy is expected to contribute close to 30% of global growth, Han Wenxiu told an economic conference. Han, who is also a senior official …
China’s GDP growth expected around 5% this year, senior official says Read More »
By Rodrigo Campos (Reuters) -Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a continuing flow of cash into EM debt, data from a trade group showed on Friday. Stock portfolios saw an $11.1 billion outflow while bonds attracted $30.4 billion …
Foreigners add $19.2 billion to EM portfolios in November, IIF says Read More »
By Andy Bruce and Suban Abdulla (Reuters) -Britain’s economy shrank for a second month in a row in October in the run-up to the government’s first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic, and a setback for new finance minister Rachel Reeves. Gross domestic product contracted by 0.1% …
UK economy suffers first back-to-back declines since 2020 Read More »
By Mike Dolan LONDON (Reuters) -Sterling’s return close to pre-Brexit referendum levels against the euro owes much to Britain’s delicate dance between resetting relations with Europe and the return of “Trumpism” in the United States. A services-heavy British economy should weather trade tariffs threatened by U.S. President-elect Donald Trump better than an already hobbled euro …
Transatlantic balance buoys sterling towards pre-Brexit berth: Mike Dolan Read More »
By Sameer Manekar (Reuters) -Shares in DigiCo Infrastructure REIT, a data centre landlord and operator, hovered around their IPO price on Friday – a subdued debut after marking Australia’s biggest listing in six years. DigiCo, whose IPO raised A$2 billion ($1.3 billion), was trading at A$4.935 in the afternoon, a bit below the A$5.00 offer …
DigiCo REIT in tepid debut after marking Australia’s biggest IPO in six years Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system. The question for markets is, if draining liquidity wasn’t much of a headwind this year, will its likely reversal next year turn into …
Global cenbank liquidity – from market headwind to tailwind?: McGeever Read More »
By Marcela Ayres and Fernando Cardoso BRASILIA (Reuters) – Brazil’s currency reversed course and weakened against the U.S. dollar on Thursday, despite a larger-than-expected interest rate hike by the central bank and its signal of more aggressive increases ahead. After opening the session 1% higher, the Brazilian real shifted direction to end the day down …
Brazil’s currency weakens, changing course despite aggressive rate strategy Read More »
