SINGAPORE (Reuters) – Goldman Sachs analysts have cut forecasts for China’s economic growth, citing persistently weak confidence and the cloud over the property market as stronger-than-expected headwinds. The U.S. investment bank lowered its full-year real gross domestic product growth forecast for the world’s second biggest economy from 6% to 5.4%, according to a note published…
(Reuters) -The Bank of England is facing a stormy gilts market while Turkey’s new governor is expected to ramp up rates sharply at central bank meetings this week. There’s a fresh read on the health of the world economy in the offing, while key policy makers are hitting the road, with U.S. Secretary of State…
SEOUL (Reuters) – South Korea’s central bank said on Monday that upward risks to core inflation were “a little high” amid strong consumption and employment trends, raising the prospect of higher inflation lasting longer than expected. “While there is high uncertainty regarding global energy prices, domestic and global economic growth and public price hikes over…
By Timour Azhari, Amina Ismail and Ahmed Rasheed BAGHDAD (Reuters) -Helped by buoyant oil prices and a period of political calm at home and in the region, Iraq appears more stable than any time since the U.S.-led invasion, although the government’s bid to cement gains with a budget splurge may prove a shaky foundation. In…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on Friday. ECB President Christine Lagarde singled out rising salaries as…
HONG KONG (Reuters) – Cathay Pacific Airways Ltd said on Monday it would in July launch initiatives to improve Mandarin language and cultural understanding, including hiring cabin staff from mainland China, after three crew were fired over discrimination. The announcement, sent in an internal memo to staff and seen by Reuters, said all cabin crew…
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Most indices are down, with the…
By Summer Zhen and Xie Yu HONG KONG (Reuters) – A new China-focused hedge fund, led by a former Hillhouse Capital Management fund manager, has raised between $100 million and $150 million, marking one of the strongest launches for a China-focused fund this year. Hong Kong-headquartered Protium Capital Ltd, a long-short equity fund, will begin…
By David Kirton RUICHANG, China (Reuters) – When Steven Du took over his parents’ factory producing temperature control systems in Shanghai, one of the first changes he made was to turn on the plant’s heating in winter – something his frugal forebears were reluctant to do. “If you don’t improve their environment, the workers aren’t…
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology, JLR said, will allow it to monitor its supply chain…
