Asia shares wobble; bitcoin rallies on ‘Trump trade’
By Rae Wee SINGAPORE (Reuters) – Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak…
Economy
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Elevated China steel exports set to persist, threaten to worsen trade friction
By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) -Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft…
Indonesia’s Prabowo to swear in cabinet of over 100 ministers, deputies
JAKARTA (Reuters) – Indonesia’s newly minted leader, President Prabowo Subianto, will officially swear in his cabinet on Monday, which analysts said reflected continuity of his predecessor’s main policies. Prabowo took…
China cuts key lending rates to support growth
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as…
Australia’s Qantas told to pay $114,000 to 3 sacked workers in landmark outsourcing case
By Byron Kaye SYDNEY (Reuters) – A court on Monday ordered Australia’s Qantas Airways to pay a combined A$170,000 ($114,000) to three baggage handlers it unlawfully sacked in 2020, implying…
China cuts loan prime rate slightly more than expected
Investing.com– The People’s Bank of China cut its benchmark loan prime rate by slightly more than expected on Monday, with the cut coming amid a flurry of measures from Beijing…
Bitcoin at 3-month high as Trump odds drive currencies
SINGAPORE (Reuters) – Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the…
Asking prices for UK homes barely rise in October, Rightmove says
LONDON (Reuters) – Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers…
What to look for at Bank of Japan’s October policy meeting
By Leika Kihara TOKYO (Reuters) – The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days after a general election where new Prime Minister Shigeru Ishiba…
Top EU countries spend $45 billion subsidizing fossil-fuel company cars, study says
By Nick Carey (Reuters) – The EU’s five biggest members spend 42 billion euros ($45.60 billion) annually subsidizing fossil-fuel company cars, according to a study commissioned by environmental group Transport…