Factbox-Brokerages raise China GDP growth estimates for 2024
(Reuters) – China’s economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property…
Economy
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Hybrids top petrol power for first time in EU new car sales, ACEA says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -Hybrids overtook petrol-powered vehicles in EU new car sales for the first time in September, industry data showed on Tuesday, accounting for…
Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
(Reuters) – The U.S. Federal Reserve cut interest rates by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show…
‘Open banking’ rules for consumer data unveiled by US watchdog
By Douglas Gillison (Reuters) – The top U.S. watchdog agency for consumer financial protection on Tuesday unveiled long-awaited rules intended to drive a shift toward open banking and spur competition,…
Fed rate cuts should help to sustain US economic growth: UBS
Investing.com — Further rate cuts from the Federal Reserve should help sustain the US economic growth, according to UBS strategists. Recent economic data has shown unexpected strength, particularly in the…
Germany’s Scholz working with industry to boost growth
BERLIN (Reuters) – German Chancellor Olaf Scholz promised on Tuesday to work with industry to revive growth in Europe’s biggest economy, which he said had been hit harder than others…
Thai Finance Minister says growth may not reach 3% in 2024, but will in 2025
BANGKOK – Thailand’s economic growth may not reach 3% this year but should come in above that level next year as the government will accelerate investment, the finance minister said…
Corporate earnings ahead, Fed officials on rate cuts pace – what’s moving markets
Investing.com — Dow futures and Nasdaq futures both inched down on Tuesday ahead of a slew of fresh quarterly earnings reports from several major companies. Texas Instruments (NASDAQ:TXN) will be among…
No signs that euro zone inflation will deviate from current projections, ECB’s Escriva says
MADRID (Reuters) – There are not yet enough indications that the euro zone’s inflation could drift further down or up to change the European Central Bank’s central scenario for further…
Boosting macro fundamentals best defence vs global risks, India cbank deputy says
MUMBAI (Reuters) – Fortifying India’s macroeconomic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country’s central bank said in New York on Monday. India’s…