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BERLIN/FRANKFURT (Reuters) – The European Central Bank has tamed the “greedy beast” of inflation, ECB policymaker Joachim Nagel said on Tuesday, in a departure from his usual cautious tone. The ECB has raised its interest rates by the most in the euro’s history in an effort to bring inflation down from double-digits. It was 2.9% …

ECB has tamed the inflation ‘beast’, policymaker Nagel says Read More »

BRASILIA (Reuters) – Brazil ended 2023 with a net creation of 1.484 million jobs, said the Labor Ministry on Tuesday, a result that followed disappointing figures from December. Latin America’s largest economy closed 430,159 formal jobs in December, a seasonally negative month due to the termination of workers hired before the holiday period. The figure …

Brazil creates 1.484 million jobs in 2023 after worse-than-expected December Read More »

By Gergely Szakacs, Jason Hovet and Maria Martinez BUDAPEST/PRAGUE (Reuters) – The sickly state of the German economy is the next big challenge for the export-reliant countries of central Europe, which are still recovering from some of the world’s worst inflation spikes in the wake of the COVID-19 pandemic. Close trade ties with Germany and …

Analysis-German woes darken central Europe’s recovery prospects Read More »

JAKARTA (Reuters) -Indonesia finance minister Sri Mulyani Indrawati said on Tuesday the rupiah exchange rate will remain stable with an upside bias given the pressure from a strong dollar has begun to ease. Sri Mulyani made the comment at a press conference as the chair of Indonesia’s Financial System Stability Committee, which comprises the finance …

Indonesia Finance Minister expects upside bias in stable rupiah outlook Read More »

A look at the day ahead in European and global markets from Ankur Banerjee An economic data-packed day awaits European markets after a laboured Asia session, where investors were back to worrying about China’s ailing property sector and the prospect of tighter security laws for Hong Kong. The financial hub’s leader confirmed on Tuesday his …

Marketmind: China worries markets Read More »

By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely rose for a fourth straight month in January on growing chip sales, with the headline figure pushed up further by calendar effects, a Reuters poll showed on Tuesday. Exports out of Asia’s fourth-largest economy are expected to have risen 17.8% in January from a year …

South Korea Jan exports likely rose for fourth month on chip recovery: Reuters poll Read More »

By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) – The Bank of Japan must immediately end its negative interest rate policy as it has allowed companies to delay efforts to boost productivity by keeping borrowing costs ultra-low, said ruling party heavyweight Shigeru Ishiba. “It’s an extreme policy that shouldn’t exist in the first place,” Ishiba …

Japan dark-horse premier candidate calls for ending BOJ’s negative rate policy Read More »

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Tuesday his government would do “everything possible” to achieve real income growth to put a decisive end to deflation. “The biggest mission for my administration is to revive the economy,” Kishida told the lower house plenary in a policy speech marking the start of the …

Japan PM vows to do ‘everything possible’ to boost household income Read More »