Bank of Canada says it will cut rates further if economy meets forecasts
OTTAWA (Reuters) – The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy evolves broadly in line…
Economy
1737 posts
Yellen says tailoring bank rules helpful, but strong capital requirements important
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of banking regulations to the activities of institutions…
China’s Xi urges govt officials to push for reform, meet targets
BEIJING (Reuters) – Chinese President Xi Jinping urged senior provincial government officials to “pool their strength” to pursue the country’s reform goals, the official Xinhua news agency reported on Tuesday.…
Fed seen on track for quarter-point rate cuts in Nov, Dec
(Reuters) – Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S. Labor Department report showed…
Federal Reserve to cut rates by 25 basis points at next two meetings- Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will cut its key interest rate by 25 basis points on Nov. 7, according to all 111 economists in a…
Argentina debt risk index drops again as default fears recede
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s country risk index, a measure of the premium investors demand to hold local bonds versus equivalent U.S. debt, dropped under 900 basis…
Saudi wealth fund to cut overseas investments
By Hadeel Al Sayegh, Iain Withers and Anousha Sakoui RIYADH/LONDON (Reuters) -Saudi Arabia’s sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a…
UBS details what to expect from UK Budget
Investing.com – UK Chancellor Rachel Reeves will present the first Budget of the new Labour government on Wednesday, and UBS points out what investors should watch. Going into the Budget,…
Workers launch strikes as Germany frets over industrial future
By Maria Martinez and Matthias Williams BERLIN (Reuters) -Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding woes of companies worried about staying globally…
European car safety agency snubs BYD’s Atto 3 driver assistance system
MILAN (Reuters) – Europe’s car safety agency has issued a “not recommended” rating to the driver assistance system used in BYD (SZ:002594)’s Atto 3 EV, dealing a blow to the…