Why Fed rate cuts matter to world markets
LONDON (Reuters) – When the Federal Reserve delivers a widely-anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States. The…
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Thai baht is too strong and impacting exports, minister says
BANGKOK (Reuters) – Thailand’s baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on…
Taiwan set to hold rates steady on inflation worries: Reuters poll
TAIPEI (Reuters) – Taiwan’s central bank is expected to keep its policy interest rate unchanged this week and to stay the course until late next year as it deals with…
Morning Bid: Hanging on the Fed
A look at the day ahead in European and global markets from Wayne Cole. It’s finally decision time for the U.S. Federal Reserve and the market is split on whether…
Argentina’s Milei pledges to protect fiscal balance in budget speech
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s President Javier Milei said during a presentation to Congress on Sunday on the 2025 budget that he would defend his government’s commitment…
Argentina’s draft 2025 budget foresees 5% GDP growth
BUENOS AIRES (Reuters) – The draft of Argentina’s 2025 budget foresees the economy expanding 5% and the primary fiscal surplus representing 1.3% of gross domestic product, according to a summary…
Column-Irrational exuberance? Funds’ yen longs hit 8-year high: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds are their most bullish on the Japanese yen in eight years, but as their ‘long’ positions grow and the currency strengthens,…
India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
By Aditya Kalra NEW DELHI (Reuters) -Samsung, Xiaomi (OTC:XIACF) and other smartphone companies colluded with Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT)’s Flipkart to exclusively launch products on the e-commerce firms’ Indian…
China’s carrot-and-stick with EU trading partners start to pay off
By Mei Mei Chu, Joe Cash and Ellen Zhang BEIJING (Reuters) -Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with…
Currencies listless as markets waffle over Fed rate cut
SINGAPORE (Reuters) – The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in Japan, as market participants vacillated over the expected…