UBS on track to fully own China securities joint venture
BEIJING/HONG KONG (Reuters) -One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own…
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Fitch puts some Adani bonds on negative watch after US bribery charges
By Scott Murdoch and Tom Westbrook (Reuters) -Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after U.S. authorities indicted some key executives of…
Trump tariffs, trade tensions to have limited impact on Asia- UBS
Investing.com– The return of President-elect Donald Trump to the White House in January could lead to renewed trade tensions, higher inflation, and market volatility, with tariffs on Chinese and other…
Markets react to Trump’s tariff promise
SINGAPORE (Reuters) -U.S. President-elect Donald Trump said on Monday that on his first day in office he will impose a 25% tariff on all products from Mexico and Canada, and…
Dollar gains after Trump vows tariffs against Mexico and Canada
SINGAPORE (Reuters) – The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all…
Fed’s Kashkari: Interest-rate cut in December is ‘reasonable’
(Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank’s policy spectrum, said on Monday he is open to cutting…
Japan’s corporate service inflation steady, keeps alive BOJ rate-hike prospect
By Leika Kihara TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation held steady near 3% in October, data showed on Tuesday, reinforcing the central bank’s view that rising wages…
UK shop prices fall less sharply in November, survey shows
LONDON (Reuters) – Prices in British shops fell less sharply this month, according to a survey from the British Retail Consortium on Tuesday that suggested consumers could face renewed pressure…
Still “reasonable” to consider 25 bps cut in December- Fed’s Kashkari
Investing.com– Federal Reserve Bank of Minneapolis President Neel Kashkari told Bloomberg TV on Monday that it was still appropriate to consider another quarter-point interest rate cut in December. Kashkari said…
Brazil government will be ready to announce fiscal package this week, says finance minister
BRASILIA (Reuters) – Brazilian Finance Minister Fernando Haddad said a fiscal package with spending cut measures was finalized in a meeting with President Luiz Inacio Lula da Silva on Monday,…