BERLIN (Reuters) -Germany’s Chancellor-in-waiting Olaf Scholz expressed concern on Tuesday about Russian troop movements on the Ukrainian border and said any attempts to cross the frontier would be unacceptable. “It is very, very important that no one rolls through the history books to draw new borders,” Scholz said at a news conference after signing a …
Germany’s Scholz says any threat to Ukraine unacceptable Read More »
By Stephen Nellis (Reuters) – A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies to solve chip industry supply chain problems. Merck KGaA of Darmstadt, Germany – which uses …
TOKYO (Reuters) – Japan’s top currency official Masato Kanda said on Tuesday digital cross-border payment technology would boost regional growth, but regulations and preventing financial crisis may become difficult. Speaking at an event hosted by ASEAN+3 Macroeconomic Research Office (AMRO), Kanda, vice finance minister for international affairs, said that with digitalization of payments, regulations on …
By Stefano Rebaudo (Reuters) – Sterling was pinned near 2021 lows against the U.S. dollar while it drifted higher against the euro on Tuesday thanks to a broadly sturdy greenback and growing expectations that the Bank of England will keep interest rates unchanged next week. In a research note late on Monday, JP Morgan said …
Sterling remains near 2021 lows with rate hike bets in doubt Read More »
BEIJING (Reuters) – China’s central bank on Tuesday cut the rates on its relending facility by 25 basis points (bps) to support the rural sector and small firms. After the cut, the three-month relending rate stands at 1.7%, while the six-month rate is at 1.9% and the one-year at 2%, the People’s Bank of China …
China central bank cuts rates on relending facility, benchmark cut chances seen as low Read More »
JAKARTA (Reuters) – Indonesia’s Financial Service Authority (OJK) has issued rules on listing of technology companies’ shares with multiple voting rights, aimed at attracting more initial public offerings to its domestic exchange, the regulator said in a statement on Tuesday. Southeast Asia’s biggest economy is home to a number of tech unicorns, or companies that …
Indonesia issues new stock market rules aimed at luring tech listings Read More »
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should focus its stimulus effort on a legacy Asset Purchase Programme when emergency support expires in March but must keep its commitment short as inflation could exceed expectations, ECB policymaker Peter Kazimir said on Tuesday. With a crucial policy meeting coming up on Dec. 16, …
ECB should keep policy commitment short, focus on APP – Kazimir Read More »
LONDON (Reuters) -British house prices grew at the fastest pace in 15 years over the past three months, reflecting a lack of homes, a strong job market and low borrowing costs, mortgage lender Halifax said on Tuesday. House prices rose 3.4% in the three months to the end of November, the sharpest increase since late …
UK house price growth hits 15-year high – Halifax Read More »
By Edwin Waita NAIROBI (Reuters) -A Kenyan police officer shot dead six people in a rampage in a neighbourhood in the capital Nairobi on Tuesday and then shot and killed himself, police said. The officer first shot and killed his wife at their home before setting off with his service-issued AK-47 rifle to shoot dead …
Kenyan “rogue” policeman kills six in rampage – police Read More »
KUALA LUMPUR (Reuters) – Malaysia will decide by January whether to continue with its plan for a single wholesale 5G network, after Reuters reported concern from mobile carriers over pricing and transparency. Malaysia’s proposed centralised 5G network has met resistance from major operators, who have yet to sign up to the government plan, according to …
Malaysia cabinet reconsiders plan for single 5G network amid impasse with telcos Read More »
