By Maya Gebeily BEIRUT (Reuters) -A long-awaited plan to restructure the debt strangling Lebanon’s economy could go before the cabinet within weeks, a source briefed on the issue said, but some economists said it may not help secure a vital International Monetary Fund loan. Decades of profligate spending by the country’s ruling elite sent the …
Lebanon prepares plan to address losses from financial crash Read More »
(Refiles to add PIX and TV to media identifier, no changes to text) By Maria Martinez BERLIN (Reuters) -The German economy is emerging from a trough and is likely to regain some momentum over the next two years, five leading economic institutes said on Thursday. The institutes nudged their 2025 growth forecast for Europe’s largest …
German economy to regain momentum in the next two years, institutes say Read More »
ANKARA (Reuters) -Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy stance until price stability is achieved, adding that the fall in inflation was continuing across the board. In a presentation in New York on Wednesday about Turkey’s monetary policy and inflation outlook, Karahan also said the government’s medium-term …
Turkish central bank governor says will keep tight monetary policy stance Read More »
SHANGHAI/HONG KONG (Reuters) -China’s central bank will roll out further measures to support the development of Chinese yuan bonds in Hong Kong and accelerate global use of its currency, a senior official said on Thursday. The comments come as Beijing steps up efforts to internationalise the yuan amid rising geopolitical tension and trade friction with …
China central bank unveils steps to boost yuan bond market in Hong Kong Read More »
By Susan Heavey and Andrea Shalal WASHINGTON (Reuters) -The U.S. is currently in negotiations for a $20 billion swap line with Argentina’s central bank and stands ready to do what is needed to support the South American country, U.S. Treasury Secretary Scott Bessent said on Wednesday in a post on X. Bessent said the U.S. …
US ready to support Argentina with $20 billion swap line, Bessent says Read More »
By William James and William Schomberg LONDON (Reuters) -Risks have grown that inflation in Britain will prove stronger than the Bank of England has forecast, meriting a cautious approach to further interest rate cuts, BoE policymaker Megan Greene said on Wednesday. Greene voted last week with the majority of members of the BoE’s Monetary Policy …
Bank of England’s Greene urges caution on rates due to inflation risks Read More »
(Reuters) -EU trade chief Maros Sefcovic will meet U.S. Trade Representative Jamieson Greer this week on the sidelines of an ASEAN ministerial summit in Kuala Lumpur to restart stalled talks on steel and aluminum export tariffs, Bloomberg News reported on Wednesday. The European Commission has proposed eliminating or significantly reducing the duties but has not …
EU’s Sefcovic to meet USTR Greer to revisit metal tariffs, Bloomberg News reports Read More »
By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) – The United States expects to finalise trade deals with more Southeast Asian countries in the coming months, U.S. Trade Representative Jamieson Greer said during a meeting with regional counterparts on Wednesday. Greer was speaking in Kuala Lumpur at the start of a meeting with economic …
By Tom Sims and John O’Donnell FRANKFURT (Reuters) -Home prices in Germany rose 3.2% in the second quarter, marking the third consecutive quarterly gain as the property sector in Europe’s largest economy seeks stability after a deep recession, data showed on Wednesday. The increase was smaller than the 3.5% gain in the first quarter. The …
German home prices rise as depressed property sector seeks momentum Read More »
COPENHAGEN (Reuters) -Denmark’s central bank on Wednesday cut its GDP forecasts for 2025-2027, citing a negative impact from U.S. trade tariffs and weaker growth in the pharmaceuticals industry, where weight-loss drug maker Novo Nordisk has seen rising competition. It now sees gross domestic product growing by 2% in both 2025 and 2026 against previous predictions, …
Denmark’s central bank cuts growth outlook citing US tariffs, pharmaceuticals slowdown Read More »
