(Corrects policy day in lede to Wednesday from Thursday) By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India will likely hold off on raising its key borrowing and lending rates on Wednesday, as it adopts a cautious tone amid the spread of the Omicron coronavirus variant, economists and market participants said. Fifty economists …
India central bank may refrain from reverse repo hike on Omicron worry Read More »
LONDON (Reuters) -Speculation that the European Commission is set to propose stricter labour rules to regulate the gig economy have sent shares of companies in the sector sharply lower again on Monday building on losses from last week. Investors fear the business models of these companies might be jeopardized should the EU’s executive arm require …
Gig economy stocks plunge amid EU regulatory crackdown fears Read More »
By Kirsty Needham SYDNEY (Reuters) -Solomon Islands Prime Minister Manasseh Sogavare on Monday survived a no-confidence motion in parliament after accusing the Pacific island nation’s most populous province of being “Taiwan’s agent” and anti-government protesters of attempting a coup. Dozens of buildings were burnt and shops looted in the capital a week ago in violence …
Solomon Islands prime minister survives no-confidence vote after riots Read More »
By Stephanie Nebehay GENEVA (Reuters) -U.N. human rights chief Michelle Bachelet on Monday denounced a four-year jail term handed down to Myanmar’s ousted leader Aung San Suu Kyi https://www.reuters.com/world/asia-pacific/myanmar-court-give-first-rulings-suu-kyi-trial-2021-12-05 after a “sham trial” and called for her immediate release. The conviction of Suu Kyi “closes yet another door to political dialogue” in Myanmar, where the …
U.N. rights boss Bachelet denounces Suu Kyi conviction in ‘sham trial’ Read More »
By Michael Nienaber BERLIN (Reuters) -Weaker demand from abroad drove a much bigger than expected drop in German industrial orders, including cars, in October, data showed on Monday, further clouding the growth outlook for manufacturers in Europe’s largest economy. A pandemic-related scarcity of microchips and other electronic components has caused massive supply bottlenecks and production …
Weaker foreign demand sinks German industrial orders in October Read More »
PARIS (Reuters) -Orange, France’s largest telecoms operator, and Britain’s Vodafone discussed a merger of equals between mid-2020 and early 2021 but then abandoned the project due to French opposition, BFM TV reported, quoting sources. The French state, which owns 23% of Orange, was wary of losing some control and seeing the headquarters of the new …
Orange, Vodafone discussed but abandoned merger idea last year, BFM TV says Read More »
LONDON (Reuters) -Growth in Britain’s construction industry hit a four-month high in November, as supply-chain difficulties appeared to have passed their peak and a rise in commercial property work offset a slowdown in house-building, a survey showed on Monday. The monthly purchasing managers’ data also showed an easing in inflation pressures to their lowest since …
UK construction recovers as supply chain pressures ease Read More »
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -Canada’s tight labor market is forcing many companies to offer regular COVID-19 testing over vaccine mandates, while others are reversing previously announced inoculation requirements even as Omicron variant cases rise. Canadian Prime Minister Justin Trudeau’s government adopted one of the strictest inoculation policies in the world for …
Canadian employers, facing labor shortage, accommodate the unvaccinated Read More »
BENGALURU (Reuters) -Indian shares closed nearly 2% lower on Monday, hurt by a selloff in information technology (IT) stocks, as increasing cases of the Omicron coronavirus variant spooked investors ahead of the central bank’s decision on interest rates. The blue-chip NSE Nifty 50 index slipped below the 17,000 mark and was down 1.65% at 16,912.25, …
Indian shares fall nearly 2% as IT stocks weigh, Omicron fears loom Read More »
By Rodrigo Campos and Agustin Geist NEW YORK/BUENOS AIRES (Reuters) – Labor activist Alejandro Bodart marched down the Buenos Aires streets two decades ago to protest against the International Monetary Fund, which many then blamed for austerity measures that sharpened Argentina’s worst ever economic crisis. Now Bodart is on the war path again, worried that …
Analysis-Hopes for Argentina IMF deal grow; but at what cost? Read More »
