(Reuters) -The Federal Reserve and the Bank of England, grabbing the baton from the ECB and the Bank of Japan, hold their first meetings of the year while U.S. tech giants and Europe banks report results and China’s woes persist. Here’s a look at the week ahead in world markets from Rae Wee in Singapore, …
By Joe Cash and Christoph Steitz BEIJING/FRANKFURT (Reuters) – Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the government steps in with financial support. “Chinese manufacturers are deliberately selling goods in Europe far below …
Analysis-China’s growth model pushes Beijing into more trade conflicts Read More »
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the fourth quarter than the third thanks to strong domestic consumption and a rebound in exports, a Reuters poll showed on Monday. Gross domestic product (GDP) is expected to have expanded 4.35% in the October-December period versus a year earlier, the poll of 22 economists …
A look at the day ahead in European and global markets from Kevin Buckland Neither Wall Street’s wobble nor the liquidation of China Evergrande, the poster child of the property meltdown, stopped Asian markets from rallying to start the new week, with Hong Kong taking the lead. Optimism that Beijing’s stimulus promises are finally becoming …
Marketmind: Asia stocks soar despite big week for risk Read More »
(Reuters) – The Inter-American Development Bank (IDB) has approved a loan worth $100 million to Paraguay to help the country improve its logistics performance and commercial integration, it said in a statement. According to the statement, dated Jan. 29 but published on Saturday, the 20-year loan will have an SOFR interest rate and will especially …
IDB approves loan worth $100 million for Paraguay Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s new government withdrew major spending reforms from a sweeping “omnibus” bill in Congress to facilitate its approval, the economy minister said on Friday, while stressing President Javier Milei’s pledge to eliminate the budget deficit. Economy Minister Luis Caputo announced the decision to scrap controversial provisions from the …
Argentina pension, tax reforms scrapped from legislation to ease passage Read More »
HAVANA (Reuters) – Cuba is counting on winter-weary Russians to help boost the Caribbean island nation’s ailing tourism sector in 2024, according to the Cuban ambassador in Moscow, after a disappointing 2023 saw visitors numbers fall short of the government’s goals. Some 185,000 tourists from Russia traveled to Havana and Cuba’s dazzling white-sand beaches in …
Cuba counts on Russians to boost still-ailing tourism sector in 2024 Read More »
By Saeed Azhar NEW YORK (Reuters) -Bank of America’s bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get higher payouts, according to a source familiar with the matter. The company’s traders can expect flat or modestly higher bonuses, …
Bank of America bonuses for dealmakers, traders are broadly flat -source Read More »
(Reuters) -U.S. logistics startup Flexport is planning to lay off about 20% of its workforce in the coming weeks, The Information reported on Friday citing people familiar with the matter. Flexport did not immediately respond to a Reuters request for a comment. Reuters had reported in October Flexport was planning to lay off up to …
US logistics startup Flexport to lay off 20% of its workforce – The Information Read More »
By Mike Dolan LONDON (Reuters) – China’s seeming determination to hold the yuan stable in the face of a deflationary asset price bust and capital flight leaves it with an unenviable conundrum familiar in past property crises around the world. Does it hold the currency steady to prevent a further run on foreign investor confidence? …
Column-Rock and hard place? China opts to hold yuan: Mike Dolan Read More »
