Swiss National Bank not locked into rate cuts, Vice Chairman says
ZURICH (Reuters) – The Swiss National Bank is not locked into more interest rate cuts in December, Vice Chairman Antoine Martin was quoted as saying in an interview published on…
Economy
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Analysis-As its industry struggles, Germany services sector offers untapped growth potential
By Maria Martinez (Reuters) – By chiefly focusing on trying to salvage its industry champions, German policymakers may have overlooked the untapped growth potential of the country’s services sector. The…
Exclusive-ADB increases climate finance after US, Japan give world’s first sovereign guarantees
By Simon Jessop, Karin Strohecker and Katy Daigle BAKU (Reuters) – The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the United States and…
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
By Kevin Buckland TOKYO (Reuters) – Hong Kong stocks led declines in Asia on Monday (NASDAQ:MNDY) after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs…
Vietnam central bank ready to sell U.S. dlrs to keep exchange rate stable
HANOI (Reuters) – Vietnam’s central bank is ready to sell U.S. dollars to the market to keep the exchange rate stable, Governor Nguyen Thi Hong said on Monday (NASDAQ:MNDY). “The…
South Korea state-run think tank sees need to loosen monetary policy
SEOUL (Reuters) – A South Korean state-run think tank said on Monday (NASDAQ:MNDY) that monetary policy needed to be loosened in accordance with the slowing trend in inflation, which has…
India inflation to rise further to 5.81% on rising food costs
By Anant Chandak and Rahul Trivedi BENGALURU (Reuters) -Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and…
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
(This Nov. 8 story has been corrected to fix the WTI settlement at $70.38, not $70.35, in paragraph 2) By Shariq Khan NEW YORK (Reuters) – Oil prices settled more…
BOJ divided on rate hike timing, October summary shows
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers were divided on how soon they could raise interest rates with some warning of the risk of renewed market volatility, a…
Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say
SHANGHAI (Reuters) -Stellantis and its Chinese partner Leapmotor (HK:9863) have scrapped a plan to make a second electric vehicle model at the European automaker’s plant in Poland, two people with…