Morning Bid: Forget the soft landing, just keep flying
A look at the day ahead in European and global markets from Wayne Cole. Why bother engineering a soft landing, when you can just keep flying? That’s the message from…
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Austin recommends defense spending boost by more than $50 billion in 2026, Bloomberg News reports
(Reuters) – Outgoing U.S. Defense Secretary Lloyd Austin recommended the government boost defense spending by about $50 billion more than projected in the fiscal year 2026, Bloomberg News reported on…
Australia’s Star Entertainment pares losses after slipping to record low
By Sneha Kumar (Reuters) – Shares of Australian casino operator Star Entertainment jumped 13.6% higher on Monday, with analysts citing the rise to investors buying the stock at a cheaper…
India may record FY25 fiscal deficit at 4.7%-4.8% of GDP, Mint reports
(Reuters) – India may record a fiscal deficit for the current fiscal year at 4.7%-4.8% of gross domestic product (GDP), lower than the government’s estimate of 4.9%, primarily driven by…
Grenada has benefited greatly from ties with China, prime minister says
BEIJING (Reuters) – Grenada has benefited greatly from its relations with China and looks forward to strengthening its cooperation with the Asian country, Chinese state media quoted its prime minister…
Hong Kong to expand yuan trade finance, Bond Connect schemes, HKMA says
HONG KONG (Reuters) – Hong Kong will launch a new yuan-denominated trade finance scheme and expand the hours and scope of its Bond Connect program for mainland China investors, Eddie…
China’s export growth quickens amid trade risks, imports surprise
BEIJING (Reuters) – China’s export growth picked up steam in December, while imports recovered, closing out the year on a positive note as the world’s second-largest economy braces for mounting…
China’s central bank chief vows to supply ample liquidity
HONG KONG (Reuters) -China’s central bank chief said on Monday the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and…
China steps up policy measures to defend fragile yuan
SHANGHAI (Reuters) – China stepped up its policy measures on Monday to defend a weakening yuan by relaxing rules to allow more offshore borrowing and sending verbal warnings as the…
Shares slip in Asia, dollar firm as inflation, earnings loom
(Refiles to fix payrolls report story link in paragraph 1) By Wayne Cole SYDNEY (Reuters) -Asian shares slipped on Monday while the dollar held near 14-month peaks after an unambiguously…