ECB should keep cutting rates in small steps, Kazimir says
FRANKFURT (Reuters) – The European Central Bank should continue to cut interest rates in small steps and resist the temptation of trying to prop up growth in a currency bloc…
Investing
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Big banks see 25bps Fed rate cut this week, pace to slow in 2025
Investing.com — Investors widely anticipate that the US Federal Reserve will lower interest rates by 25 basis points during its December 17-18 meeting. However, much of the market’s attention will…
China to boost direct fiscal support to consumers
BEIJING (Reuters) -China will promote stable growth in household income in 2025 by stepping up direct fiscal support to consumers and boosting social security, the state-run Xinhua news agency said…
German Chancellor Scholz to ask parliament to clear way for new elections
(This Dec. 15 story has been refiled to fix the link in paragraph 1) By Thomas Escritt BERLIN (Reuters) – Chancellor Olaf Scholz will call on Germany’s parliament on Monday…
Explainer-Which German coalition plans will still be implemented?
By Maria Martinez BERLIN (Reuters) – Germany’s political parties haven’t agreed on much since Chancellor Olaf Scholz’s coalition collapsed in November, but some laws could still be passed before an…
Fed to flag slower pace of easing, Jan rate cut no longer expected- Goldman Sachs
Investing.com– The Federal Reserve is likely to signal a slower pace of interest rate cuts in 2025 this week, Goldman Sachs said, and is unlikely to trim rates in January…
India must do more to tax its super-rich, France’s Piketty says
(This Dec. 13 story has been corrected to say ‘outflows’, not ‘overflows’, in paragraph 7) By Manoj Kumar NEW DELHI (Reuters) – India should do more to tax its super-rich…
Morning bid: Chinese consumers shut up shop
A look at the day ahead in European and global markets from Wayne Cole. China has kicked off the week with some uninspiring data as retail sales in November rose…
India’s economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
By Anant Chandak BENGALURU (Reuters) – India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on…
Moody’s Ratings raises China 2025 GDP forecast to 4.2% from 4.0%
HONG KONG (Reuters) – Moody’s (NYSE:MCO) Ratings said it had raised China’s 2025 GDP growth forecast to 4.2% from 4.0%, as it expected credit conditions to stabilise and Beijing’s stimulus…