Take Five: Under pressure
LONDON (Reuters) – World markets continue to assess what a Donald Trump administration will bring, as attention turns to an escalation of the war in Ukraine. The U.S. Thanksgiving holiday…
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Texas governor orders state agencies to divest China assets
SINGAPORE (Reuters) – Republican Governor of Texas Greg Abbott ordered state agencies to cease investing state funds in China and sell at the first available opportunity, citing financial and security…
RBA expected to begin cutting rates only by May 2025- Westpac
Investing.com–The Reserve Bank of Australia (RBA) is now expected to start cutting interest rates from May next year, instead of February, Westpac said in a note, although the central bank…
Column-Vulnerable Germany heaps pressure on ECB: Mike Dolan
By Mike Dolan LONDON (Reuters) – It’s hard to imagine the gloom surrounding Europe’s biggest economy deepening much further than it already has, but Germany’s outlook for 2025 just keeps…
Japan considering raising income tax threshold in fresh economic stimulus
By Makiko Yamazaki TOKYO (Reuters) – Japan is set to kick off discussions on raising the basic tax-free income allowance in effective permanent tax cuts worth up to $51 billion,…
New German finance minister says must be ‘realistic’ about debt brake reform, report says
BERLIN (Reuters) – New German Finance Minister Joerg Kukies dampened expectations that a reform of the nation’s spending cap, known as the debt brake, could lead to more leeway in…
Robust services drive India’s business activity to 3-month high in Nov, cost pressures grow
By Anant Chandak BENGALURU (Reuters) – India’s business activity rose at its fastest pace in three months in November, helped by an improving services industry and record job creation, but…
Morning Bid: Bitcoin watch party rages on as PMIs loom
A look at the day ahead in European and global markets from Ankur Banerjee A series of manufacturing data will likely dominate markets’ attention on Friday, with the euro rooted…
BOJ to hike rates in Dec as yen weakens and Trump returns, majority of analysts say: Reuters poll
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will raise interest rates again at its December meeting as a strengthening economy and concerns over the depreciating yen prompt…
Tokyo inflation likely exceeded BOJ’s 2% target again in November – Reuters poll
TOKYO (Reuters) – Consumer inflation in Tokyo for November likely surpassed the Bank of Japan’s 2% price target following a reduction in fuel subsidies and with an increase in food…