By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf. Asian markets will turn their attention to a series of central bank meetings after ending last week on a buoyant note. MSCI’s gauge of world stock markets on Friday hit its highest point in 13 months. Wall Street…
BEIJING (Reuters) – Several Chinese commercial banks cut interest rates on a range of yuan deposits from Monday, following their larger peers in a coordinated move to ease pressure on profit margins. The deposit rate cuts follow a similar move by China’s biggest state lenders on Friday and marks the second such industry-wide cut within…
By Ahmed Rasheed and Timour Azhari BAGHDAD (Reuters) -Iraq’s parliament on Monday approved a 2023 budget of 198.9 trillion dinars ($153 billion) that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget deficit is estimated at a record…
By Leika Kihara TOKYO (Reuters) -Japan’s wholesale inflation slowed for a fifth consecutive month in May because of sliding fuel and commodity prices, data showed on Monday, a sign cost-push pressure that has driven up consumer inflation may be subsiding. The data underscores the central bank’s view that consumer inflation will slow in coming months…
(Reuters) – U.S. House Speaker Kevin McCarthy said on Sunday he hoped to get back on the right track after a conservative revolt paralyzed the Republican Party’s efforts to advance its agenda in Washington. The standoff between McCarthy and a hardline faction of his own Republican majority has forced the chamber into a holding pattern….
By Leika Kihara TOKYO (Reuters) -The Bank of Japan (BOJ) is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources said. The central bank also may signal that inflation is overshooting its forecasts, which…
By Andres Gonzalez and Corina Pons LONDON/MADRID (Reuters) -Morgan Stanley Infrastructure Partners is poised to buy Sacyr’s Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said. Morgan Stanley Infrastructure has prevailed over other firms in an auction…
(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citing people with knowledge of the matter. Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS…
GDANSK (Reuters) -Poland’s biggest video game producer CD Projekt will release a highly-anticipated expansion to its flagship game Cyberpunk 2077 called “Phantom Liberty” on Sept. 26, the company announced during the Xbox Games Showcase on Sunday. The release will be CD Projekt’s first major premiere since the bug-ridden launch of Cyberpunk 2077 in 2020. The…
By Andrea Shalal WASHINGTON (Reuters) – The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday. Banga told CNN’s ‘Fareed Zakaria GPS’ program that efforts now underway to stretch…
