By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank held interest rates steady on Tuesday but cautioned that a further increase could not be ruled out given inflation was still too high, a strong signal that it isn’t in a hurry to start easing policy anytime soon. The relatively hawkish tone of the …
Australia’s RBA holds rates as inflation cools, warns hike still an option Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -On the eve of a Thai central bank meeting expected to leave interest rates unchanged at a decade high, Prime Minister Srettha Thavisin called again on Tuesday for a cut in borrowing costs to revive economic growth. The prime minister, who is also the finance minister, has …
Day before policy review, Thai PM urges central bank to cut rates Read More »
By Yoruk Bahceli (Reuters) -Inflation and the U.S. presidential election will be the biggest drivers of global markets this year, while liquidity challenges are a growing focus, according to traders surveyed by JPMorgan. Some 27% of traders see inflation as having the biggest impact, followed by 20% for the November election, the survey published on …
Inflation, US election to drive 2024 markets – JPMorgan trader survey Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan can retain its decade-old blueprint focusing on efforts to beat deflation even if the central bank were to phase out its massive stimulus with an end to negative interest rates, said the government’s chief economist Tomoko Hayashi. Under pressure by then-Prime Minister Shinzo Abe to …
SAO PAULO (Reuters) – Brazilian fashion companies Arezzo&Co and Grupo Soma said on Monday they had agreed to a merger to create a entity which will be 54% controlled by Arezzo. The new company would have yearly revenues of 12 billion reais ($2.42 billion), which according to Citi analysts could create the second-largest player in …
Brazil fashion companies Arezzo, Soma to merge, faced increasing competition Read More »
By Wayne Cole and Stella Qiu SYDNEY (Reuters) -For Australia, China has become the Golden Goose that’s always about to stop laying. For more than three decades now, barely a year has passed where a China crisis was not just around the corner, certain to shut down the rivers of gold flowing into Australia’s trade …
Australia’s Golden Goose unruffled as China crises come and go Read More »
MONTERREY, Mexico (Reuters) – Mexican President Andres Manuel Lopez Obrador announced that his government has reached an agreement with local billionaire Carlos Slim to buy the concession to part of a highway still under construction in the southern state of Oaxaca. “I am very grateful to Carlos Slim because we have reached an agreement that …
Mexico reaches deal to buy highway concession from billionaire Slim Read More »
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday in a letter to Congress that the country should see its economy grow by more than 2% in 2024, with its inflation to converge to the mid-point of the targeted range. Brazil’s central bank has a target of 3% inflation, plus or …
Brazil estimates GDP growth over 2%, inflation to converge to 3% this year, Lula says Read More »
By David Milliken LONDON (Reuters) – British services businesses started 2024 on a robust footing, with a solid inflow of new orders and the fastest hiring in six months, as the prospect of lower interest rates made customers more willing to spend, a survey showed on Monday. The S&P Global services PMI for Britain rose …
UK services activity rises at fastest pace in 8 months: PMI Read More »
BERLIN (Reuters) – The lack of orders in manufacturing is increasingly becoming a burden on the German economy, the Ifo Institute said on Monday. In January, 36.9% of manufacturing companies reported a lack of orders, up from 36.0% in October, according to Ifo’s surveys. A year ago, the proportion was just 20.9%. “The lack of …
