By Leika Kihara and Takahiko Wada TOKYO/NAHA, Japan (Reuters) -Bank of Japan (BOJ) board member Asahi Noguchi said on Thursday the central bank must maintain ultra-loose monetary policy to ensure wages, seen as key to driving inflation to its 2% target, continue to increase as a trend. Noguchi said core consumer inflation, which has remained…
By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall and forced rescue by rival UBS and consider measures that would prevent such events in the future. “These measures need to strengthen banks’ resilience in…
By Joe Cash (Reuters) – China’s Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt burdens and free up funding for climate financing. As the world’s largest bilateral creditor, China is central to talks on making tangible progress…
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according to a term sheet seen by Reuters on Thursday. Carlyle plans to sell Delhivery’s shares via CA Swift Investments at a floor price of 385.50…
A look at the day ahead in European and global markets from Ankur Banerjee The stage is set for the Bank of England on a central bank- heavy day in Europe, with a hike all but certain and the only doubt being whether the BoE will raise interest rates by 25 basis points or by…
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists said. Britain voted on June 23, 2016, to exit the European Union and it…
By Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some steps toward economic orthodoxy to address inflation that has soared under his watch. The expected policy pivot, under new central bank chief Hafize Gaye Erkan,…
By Trevor Hunnicutt and Ted Hesson WASHINGTON (Reuters) – The Biden administration will make it easier for Indians to live and work in the United States, using this week’s state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter….
(Reuters) – Telix Pharmaceuticals rose over 3% on Thursday to hit an all-time high, after the radiopharma company said it would acquire UK-based medical device firm Lightpoint Medical. Telix had entered an agreement to buy Lightpoint and its radio-guided surgery business SENSEI, which specialises in intra-operative detection of cancer in real time, the company said…
(Corrects story to delete extraneous word in bullet point, fix abbreviation in paragraph 4.) By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s central bank is likely to cut lending rates further in a bid to revive the economy but reluctance among private firms and households to borrow means continued policy easing could end…
