Bank of Korea: early policy shift may add pressure on local currency
SEOUL (Reuters) – South Korea’s central bank warned on Thursday that an early shift in its monetary policy stance could…
Economy
China’s biggest state banks cut deposit rates
BEIJING (Reuters) -China’s biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could…
StanChart trimming roles as part of cost cuts – Bloomberg News
(Reuters) -Standard Chartered is starting to lay off employees across Singapore, London, and Hong Kong hubs as part of an…
Japan keeps growth focus but signals end to crisis-mode fiscal largesse
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan is committed to putting economic growth before fiscal reform, Prime…
China’s exports tumble in May as global demand falters
By Joe Cash BEIJING (Reuters) -China’s exports shrank much faster than expected in May while imports extended declines with a…
Japan’s current account in black for third straight month
TOKYO (Reuters) – Japan posted a current account surplus for the third month in April as the trade deficit narrowed…
One-off rate hike ‘skip’ would be Fed first: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -If the Federal Reserve ‘skips’ raising interest rates next week only to tighten monetary…
New Zealand highlights importance of partners in tense region
By Lucy Craymer WELLINGTON (Reuters) – New Zealand, long known for its staunch independence in foreign policy, sees like-minded partners…
Dollar’s strength here to stay; only a rate cut could dent it -FX strategists: Reuters poll
By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The dollar’s renewed strength against most major currencies will not fade…
RBA to hike cash rate once more to 4.35% this year: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia (RBA) will hike its key interest rate once more…