By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders raised their bets on quick-fire European Central Bank rate cuts on Thursday, taking the bank’s first consecutive rate cut in 13 years as a green light from policymakers that a speedier easing cycle has begun. A worsening economic outlook and signs that inflation is increasingly under …
Traders bet the ECB’s rate-cut floodgates are open Read More »
BANGKOK (Reuters) – Thailand’s economy could grow by 3% this year and by more than that in 2025, driven by the government’s stimulus measures to be introduced from late this year to maintain growth momentum, a deputy finance minister said on Friday. “This year, we still hope to get 3% growth, even though the latest …
Thailand sees more than 3% growth in 2025, plans more stimulus Read More »
By Dharamraj Dhutia and Bhakti Tambe MUMBAI (Reuters) – Lower-rated Indian companies and first-time borrowers will benefit the most from the market regulator’s recent move that will provide liquidity into the corporate bonds market, three merchant bankers said. Companies issuing listed bonds can give investors a buyback option for a certain amount a year after …
India’s new corporate bond buyback option to help low-rated, new firms, bankers say Read More »
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing. Bankers and lawyers think China’s recent policy stimulus …
BEIJING (Reuters) – China’s central bank governor said on Friday the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps. The benchmark seven-day reverse repurchase rate has been lowered by 20 basis …
China cenbank chief flags more interest rate cuts Read More »
By Samia Nakhoul (Reuters) -Hamas leader Yahya Sinwar remained unrepentant about the Oct. 7 attacks despite unleashing an Israeli invasion that has killed tens of thousands of Palestinians, laid waste to his Gaza homeland and rained destruction on ally Hezbollah, people in contact with him have said. The Israeli military said on Thursday that Sinwar, …
Yahya Sinwar: The Hamas leader committed to eradicating Israel is dead Read More »
By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland China is very much the center of attention today, following a barrage of data and remarks from its central bank chief, financial regulator and stats bureau. Unfortunately, though, none of it served to paint a clearer picture of …
MUMBAI (Reuters) – The visit of India’s foreign minister to Pakistan earlier this week was a “good beginning” that could lead to a thaw in relations between the two rivals, former Pakistan Prime Minister Nawaz Sharif was quoted as saying by Indian media on Friday. Indian Foreign Minister Subrahmanyam Jaishankar was in Pakistan on Tuesday …
India foreign minister’s Pakistan visit a ‘good beginning’, Nawaz Sharif says Read More »
By Chen Aizhu SINGAPORE (Reuters) – China’s refinery output fell 5.4% last month versus a year earlier, official data showed on Friday, declining for a sixth consecutive month even with the start-up of a new plant as weak fuel consumption and skinny refining margins curbed processing. Refiners processed 58.73 million metric tons of crude oil …
China’s September refinery output falls for the sixth straight month Read More »
HONG KONG (Reuters) -China has approved separate insurance units to be set up by BNP Paribas and Prudential Financial, a regulator said on Friday, as it looks to further open up the world’s second-largest insurance market to foreign companies. China’s National Financial Regulatory Administration (NFRA) has approved the creation of a joint venture between BNP …
China approves BNP Paribas, Prudential insurance ventures Read More »
