A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the wait for more decisive Chinese stimulus measures. Events in Asia only added to the mood on Tuesday. China delivered the expected 10 basis-point reduction to…
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and for the rest of the year, as inflation eased in May and was expected to decline further, a Reuters poll of economists found. After peaking around 6% in September,…
SHANGHAI/SINGAPORE (Reuters) – China cut its key lending benchmarks on Tuesday, the first such reductions in 10 months as authorities seek to shore up a slowing economic recovery, although concerns about the property market meant the easing was not as large as expected. The latest monetary loosening comes as a post-pandemic recovery in the world’s…
By Krishn Kaushik, Sarita Chaganti Singh and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) -Indian Prime Minister Narendra Modi heads to the United States this week for a visit billed as a turning point for bilateral relations, with deeper cooperation in defence industry and sharing high technology in sharp focus. The visit is expected to give India…
TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said…
SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105% from the…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s currency policy won’t immediately change after the United States removed the country from its monitoring list, Finance Minister Shunichi Suzuki said on Tuesday, noting that the move came in coordination with Washington. “As for currency policy, we’ll keep close communications with the United States and other countries,” Suzuki told…
SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in wage and price expectations. Minutes of its June 4 policy meeting released on Tuesday showed the Reserve Bank of Australia (RBA) board considered leaving rates…
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said on Monday the United States and China were continuing to discuss the release of three U.S. citizens who are detained in China. “I don’t want to get into the details, but we are very actively talking about that,” Blinken said in an interview with CBS…
SYDNEY (Reuters) – New Zealand said on Tuesday it would examine the profitability of the country’s banks and investigate whether competition in the sector was working well for consumers. The banking sector is dominated by four banks making up around 85% of mortgage and other lending, and 90% of deposits, government data showed. Loans by…
