A look at the day ahead in European and global markets from Vidya Ranganathan After a slight jolt overnight from the hawkishness surrounding the Fed’s pause, investors can afford to be relaxed ahead of the European Central Bank’s policy decision later on Thursday. It’s a given the ECB will deliver its eighth straight rate hike…
A look at the day ahead in European and global markets from Vidya Ranganathan After a slight jolt overnight from the hawkishness surrounding the Fed’s pause, investors can afford to be relaxed ahead of the European Central Bank’s policy decision later on Thursday. It’s a given the ECB will deliver its eighth straight rate hike…
By Satoshi Sugiyama TOKYO (Reuters) – Japan’s government and central bank will act to stop the yen’s decline if it depreciates to the 145 per U.S. dollar level, more than half of economists polled by Reuters said. Market participants closely watch how the government and the Bank of Japan (BOJ) respond to currency moves, following…
By Stella Qiu SYDNEY (Reuters) -Australian employment blew past expectations in May, while the jobless rate edged lower and participation rate climbed to a record high, an extraordinarily strong report that adds pressure on the central bank to raise interest rates further. Figures from the Australian Bureau of Statistics (ABS) on Thursday showed net employment…
BEIJING (Reuters) – China’s market regulator on Thursday announced a five-month campaign that will ensure platform companies optimise their protocols, to protect the rights of consumers and vendors. The State Administration for Market Regulation said it will supervise and guide platform firms to conduct self-examination, and improve their protocols to overcome a lack of key…
MEXICO CITY (Reuters) – Mexico City Mayor Claudia Sheinbaum will nominate the city’s interior minister, Marti Batres, to replace her as she steps down Friday to pursue the ruling party’s candidacy in next year’s presidential election, Sheinbaum said Wednesday. The office of Mexico City mayor is one of the most prominent political posts in the…
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s…
BEIJING (Reuters) – China’s industrial output rose 3.5% in May from a year earlier, official data showed on Thursday, slightly missing expectations, as faltering demand at home and abroad adds pressure on policymakers to shore up a shaky economic recovery. May’s expansion marked the slowest growth since February. Analysts polled by Reuters had expected output…
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s exports grew unexpectedly in May on robust car sales, though the rate of expansion slowed to a crawl as inflation and rising interest rates bit into global demand, highlighting a patchy recovery in the world’s third-largest economy. While the country’s hotels, restaurants and other service sector…
SYDNEY (Reuters) – An Australian state on Thursday imposed a three-month ban on PricewaterhouseCoopers’ (PwC) local unit from receiving new tax-related contracts – the latest repercussion to hit the firm after its misuse of confidential federal government tax plans. PwC has come under fire after a former tax partner in the firm who was advising…
