A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the wait for more decisive Chinese stimulus measures. Events in Asia only added to the mood on Tuesday. China delivered the expected 10 basis-point reduction to …
Marketmind: Still seeking decisive stimulus in China Read More »
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and for the rest of the year, as inflation eased in May and was expected to decline further, a Reuters poll of economists found. After peaking around 6% in September, …
Bank Indonesia to hold key rate at 5.75% for rest of year – Reuters poll Read More »
TOKYO (Reuters) -SoftBank Group Corp’s Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the chatbot from Microsoft Corp backed startup OpenAI. Son said he is speaking “almost every day” to OpenAI CEO Sam Altman, who has visited Tokyo twice in recent months as he looks to capitalise on interest …
SoftBank’s Son says he is ‘heavy user’ of ChatGPT Read More »
FRANKFURT (Reuters) -The European Central Bank should err on the side of further interest rate hikes as inflation could come in even higher than it expects, two ECB policymakers said on Monday, even as the bank’s chief economist opened the door to a pause. The ECB has raised rates by a combined four percentage points …
ECB hawks argue for more hikes even as Lane opens door to pause Read More »
MADRID (Reuters) – The European Central Bank is likely to raise interest rates again next month but it is too early to predict the decision of the September meeting, which will be shaped by incoming data, the ECB’s chief economist Philip Lane said on Monday. The ECB raised euro zone borrowing costs to their highest …
ECB is data-driven, Sept decision too far off to call – Lane Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is …
Exclusive-World Bank set to approve $700 million for Sri Lanka next week -sources Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Commission on Monday proposed changes to the way investors pay withholding tax in the European Union, to attract more cross-border trade in securities and help develop the bloc’s capital market. The Commission’s proposal is to make sure cross-border investors pay the correct amount of withholding tax from …
EU exec proposes new withholding tax rules to attract investors Read More »
PARIS (Reuters) -A French government spending review has identified 10 billion euros ($11 billion) in budget savings that will be targeted in the coming years, Finance Minister Bruno Le Maire said on Monday. French public spending as a share of GDP, long among the highest in the world, exploded during the COVID-19 pandemic and then …
France targets budget savings of 10 billion euros – finance minister Read More »
(Reuters) -The Bank of England is facing a stormy gilts market while Turkey’s new governor is expected to ramp up rates sharply at central bank meetings this week. There’s a fresh read on the health of the world economy in the offing, while key policy makers are hitting the road, with U.S. Secretary of State …
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Most indices are down, with the …
Marketmind: Ready for more rate hikes, and one cut Read More »
