US weekly jobless claims unexpectedly rise
WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November…
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ECB cuts interest rates by 25 bps, as expected
Investing.com – The European Central Bank cut interest rates at its meeting on Thursday, as widely expected, and signaled the likelihood of further easing in 2025 as the eurozone’s economy…
TEXT-Statement from the ECB following policy meeting
FRANKFURT, Dec 12 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to lower the three key ECB interest…
India’s October industrial output at 3-month high of 3.5% y/y
NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday. Economists polled by Reuters had expected a growth of 3.5%. Manufacturing output rose…
China vows to issue more debt, cut interest rates next year
By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic…
Pope Francis calls for new global accords on debt, military spending
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by low-income countries and a shift in spending from…
Trump crypto venture partners with platform linked to Middle East militants
(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and…
India’s November retail inflation eases, boosts rate cut hopes
By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its…
SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
By John Revill BERN (Reuters) -The Swiss National Bank cut its interest rate by 50 basis points on Thursday, the biggest reduction in almost 10 years as it sought to…
Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says
By Maria Martinez BERLIN (Reuters) – Germany will grow by only 0.4% next year if it fails to overcome structural challenges but can achieve 1.1% growth if the right economic…