ECB’s Simkus says rates may need to go below ‘natural’ level
VILNIUS (Reuters) – The European Central Bank is likely to cut its key interest rate down to its “natural” level between 2% and 3% but it may need to reduce…
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Explainer-What’s on the agenda at the COP16 nature summit in Colombia?
By Oliver Griffin and Jake Spring BOGOTA (Reuters) – During this month’s U.N. Biodiversity Summit, known as COP16, in the Colombian city of Cali, nearly 200 countries will be debating…
IMF, World Bank meetings clouded by wars, slow economic growth, US election
By David Lawder WASHINGTON (Reuters) – Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy…
Analysis-World lags on 2030 nature goals headed into UN COP16 talks
By Jake Spring (Reuters) – The world in 2022 reached its most ambitious deal ever to halt the destruction of nature by decade’s end. Two years later, countries are already…
Vietnam PM says aiming to lift 2024 growth above 7%
HANOI (Reuters) – Vietnam’s gross domestic product is expected to grow by 6.8%-7.0% this year, Prime Minister Pham Minh Chinh told parliament on Monday, before adding that the government was…
Malaysia says advance estimates show Q3 growth at 5.3% y/y
KUALA LUMPUR (Reuters) – Malaysia’s economy likely grew 5.3% in the third quarter from a year earlier, slower than the previous three-month period, official advance estimates showed on Monday. In…
Morning Bid: SAP sets the tone
A look at the day ahead in European and global markets from Vidya Ranganathan Europe’s heavyweight software maker SAP reports third-quarter earnings today. The behemoth will set the tone for…
Australia central bank surprised employment is so strong, but not ‘data obsessed’
SYDNEY (Reuters) – Australia’s central bank has been surprised by the strength of employment growth, a top official said on Monday, adding policymakers remained ready to respond to changes in…
Analysis-As poor nations’ default wave peaks, cash shortage could take its place
By Libby George and Karin Strohecker LONDON (Reuters) – The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years…
Thailand says investment pledges at 10-year high in Jan-Sept
BANGKOK (Reuters) – Thailand’s investment applications rose 42% in the January-September period from the same period a year earlier, led by electronic manufacturing and data centre projects, the Board of…