Top 5 things to watch in markets in the week ahead
Investing.com — It’s set to be an action-packed week in markets with U.S. jobs and GDP data along with a slew of big tech earnings. With markets in the final…
Economy
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60% tariff on Chinese goods could slash GDP growth by 2.4%, Citi warns
Investing.com — As per analysts at Citi Research, if a 60% universal tariff were imposed on Chinese goods entering the U.S., the economic impact on China would be severe, potentially…
Taiwan reports Chinese ‘combat patrol’ after Beijing slams US arms deal
By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) -Taiwan’s defence ministry said on Sunday that Chinese warplanes and warships had carried out another “combat patrol” near the island, after Beijing…
Washington Post reports Elon Musk briefly worked illegally in US in 1990s
WASHINGTON (Reuters) – The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s while…
China industrial profits plunge in September, extending slump
BEIJING (Reuters) – China’s industrial profits plunged in September, extending their declines with the year’s steepest monthly fall, official data showed on Sunday, as policymakers ramp up stimulus to revitalise…
Japan votes in election expected to punish PM Ishiba’s coalition
By Sakura Murakami TOKYO (Reuters) – Japan’s voters decide the fate of Prime Minister Shigeru Ishiba’s government on Sunday in an election expected to punish his coalition over a funding…
Bank of England to press on with digital currency in case banks fall short, Bailey says
By David Milliken WASHINGTON (Reuters) – The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial…
China-led AIIB head criticizes advanced nations for trade barriers
By Leika Kihara WASHINGTON (Reuters) – Asian Infrastructure Investment Bank (AIIB) President Jin Liqun on Saturday criticized advanced economies for creating trade barriers including for renewable energy goods, saying there…
ECB’s Nagel cautions against too hasty action on rates
WASHINGTON (Reuters) – The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case…
ECB should keep rate options open, Knot says
By David Milliken WASHINGTON (Reuters) – The European Central Bank should keep its options open regarding future interest rate moves, Dutch central bank chief and ECB Governing Council member Klaas…