Under tariff threat, US wholesaler warns: ‘People will pay’
By Jackie Luna LOS ANGELES (Reuters) – While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes…
Economy
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Morning Bid: French budget and German prices grab spotlight
A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France’s budget conundrum will take centre stage on Thursday as investors fret…
Japan seen reaping record tax revenue in fiscal 2024, sources say
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s tax revenues are likely to hit a record high for a fifth straight year in the current fiscal year ending in March 2025, four…
Indian central bank to delay cutting rates to early 2025 amid inflation concerns: Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Reserve Bank of India (NS:BOI) (RBI) is set to hold interest rates on Dec. 6 as a sharp rise in consumer inflation has…
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even…
South Korea makes first back-to-back rate cuts since 2009
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy…
Bank of Korea unexpectedly cuts rates for second straight meeting
SEOUL (Reuters) – South Korea’s central bank unexpectedly cut interest rates by 25 basis points to 3.00% on Thursday, delivering its first back-to-back cuts since the global financial crisis of…
Analysis-Adani allegations shine spotlight on India’s clean energy conundrum
By Sudarshan Varadhan and Sethuraman N R NEW DELHI (Reuters) – Bribery allegations against Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in…
Bank of Korea unexpectedly cuts interest rates by 25 bps
Investing.com– South Korea’s central bank lowered its interest rates by another 25 basis points in a surprise move on Thursday, as the bank warned that economic growth was likely to…
Analysis-Australia’s hot jobs market keeps rate cuts out of reach
By Stella Qiu SYDNEY (Reuters) – Australia’s world-beating labour market is one of the main obstacles stopping the country’s central bank from joining global peers in reversing the most aggressive…