By Wayne Cole SYDNEY (Reuters) -Australia’s central bank left interest rates at a super-loose 0.1% on Tuesday and stuck with its bond buying plans, resisting pressure to follow its U.S. counterpart in signaling an earlier winding down of stimulus. Wrapping up the last policy meeting of the year, the Reserve Bank of Australia’s (RBA) Board …
Australia’s central bank sticks with policy patience, no rush to taper Read More »
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector notched its 12th consecutive month of growth in November, slightly outpacing the prior month, when it expanded at its fastest rate in more than two years, a survey showed on Tuesday. The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), inched up to 55.9 …
UAE non-oil private economy continues solid growth in November – PMI Read More »
TOKYO (Reuters) – Japan will review the timeframe early next year for its target of balancing the budget, Prime Minister Fumio Kishida said on Tuesday, brushing aside prospects that it could ditch the goal to further boost spending. The government unveiled a record $490 billion spending package last month to support a fragile economy, bucking …
Japan to review budget balance timing early next year -PM Kishida Read More »
BEIJING (Reuters) – China’s soybean imports rose sharply in November from the previous month, as more shipments from the United States arrived during the peak North American export season, customs data showed on Tuesday. The world’s top buyer of soybeans brought in 8.57 million tonnes in November, up 68% from October’s figure of 5.11 million, …
China’s Nov. soybean imports up on month, boosted by U.S. cargoes Read More »
By Praveen Menon WELLINGTON (Reuters) – A stronger New Zealand dollar will help the central bank achieve its policy objectives, including managing rising inflationary pressures, more quickly, Reserve Bank of New Zealand (RBNZ) Assistant Governor Christian Hawkesby said on Tuesday. Large amounts of stimulus and a small COVID-19 case load has helped New Zealand’s economy …
RBNZ’s Hawkesby says firmer currency will help central bank’s objectives Read More »
WASHINGTON (Reuters) – The World Bank on Monday said its funding had helped deliver 100 million doses of COVID-19 vaccines around the world and it would reach the 150-million mark by the end of the month, if doses arrive as expected. World Bank President David Malpass said the multilateral development bank had contracted for nearly …
World Bank says its funding helped deliver 100 million COVID-19 vaccine doses Read More »
By Andrea Shalal WASHINGTON (Reuters) – World Bank President David Malpass on Monday said fiscal and monetary policies were operating in “uncharted territory” since the start of the COVID-19 pandemic and may be contributing to a sharp rise in global inequality and poverty. Malpass told a roundtable hosted by Chinese Premier Li Keqiang the number …
Global finance system partly to blame for inequality – World Bank’s Malpass Read More »
By Ana Mano SAO PAULO (Reuters) -Brazil, the world’s largest exporter of foodstuffs like coffee and soybeans, is keen to increase farm product exports to Islamic countries, said Flavio Bettarello, deputy trade secretary at the Agriculture Ministry. Speaking at a business conference in Sao Paulo on Monday, Bettarello said Brazil is in talks with Indonesia, …
Brazil eyes $1.17 trillion halal food market, keen to boost its share in trade Read More »
WASHINGTON (Reuters) – The United States on Monday imposed sanctions on a Democratic Republic of Congo national it accused of providing support to Israeli mining magnate Dan Gertler, part of a policy to target corruption in the central African country. The U.S. Treasury Department accused Alain Mukonda in a statement of making payments into proxy …
U.S. blacklists DR Congo national linked to Israeli investor Gertler Read More »
COPENHAGEN (Reuters) – Denmark’s Social Democratic government on Monday reached a budget agreement for 2022 with supporting parties, which it said was fiscally tighter than previously announced in order to cool a booming economy. “The Danish economy is in a really, really strong period after corona and things are almost moving too fast,” Finance Minister …
Denmark tightens fiscal policy with 2022 budget deal Read More »
