Analysis-How Italy’s tax system got rigged for the rich
By Giuseppe Fonte, Gavin Jones and Alvise Armellini ROME (Reuters) – Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low…
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India government taking steps to help achieve GDP growth target, official says
(Reuters) – The Indian government is taking steps to help the economy achieve the FY25 GDP growth target of 6.5%-7%, the country’s economic affairs secretary said on Monday. The government expects…
Exclusive-Russia’s VTB CEO says he’s not sure about optimistic scenario for Ukraine deal underTrump
MOSCOW (Reuters) – Any peace deal with the West over Ukraine should be long-term and not need to be returned to within 10 years, VTB bank’s CEO Andrei Kostin told…
ECB’s Lane says bank should focus on future risks for policy decisions, FT reports
(Reuters) – The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial…
Morning bid: Trump changes tune on strong dollar
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole The dollar is making the early running on Monday, retaking some of last week’s…
India factory growth softened in November on high inflationary pressures, PMI shows
By Shaloo Shrivastava BENGALURU (Reuters) – India’s factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher…
Indonesia’s headline inflation eases to 1.55% in Nov
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s annual inflation eased to 1.55% in November, official data showed on Monday, for the slowest rate since July 2021 amid lower…
China’s yuan slides to 4-month low on tariff threats and mixed PMI data
SHANGHAI (Reuters) – The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers’ index (PMI) data raised concern China’s economy might need additional policy…
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) -Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of…
Asia stocks rise after Wall Street records; dollar rebounds
By Kevin Buckland TOKYO (Reuters) – Asian stocks climbed on Monday, buoyed by record high closes on Wall Street, while the dollar bounced back from multiweek lows against the yen…