LONDON, Nov 5 Reuters The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year39;s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings in October lowered benchmarks. Central […]

NAIROBI, Nov 5 Reuters The International Monetary Fund has raised Ethiopia39;s net international reserves target to facilitate payments of upcoming hard currency bills, the Fund said. The East African nation secured a 3.4 billion, fouryear financing program from the IMF in July after carrying out a series of reforms including floating its birr currency . It is […]

MADRID, Nov 5 Reuters The negative effect of lower interest rates on Spanish banks39; profitability should be limited and at least partly offset by rising loan volumes, the Bank of Spain said on Tuesday. Any downward pressure on banks39; margins would be countered, at least in part, by a more favourable evolution of the volume […]

Q3 GDP growth at 4.95 yy vs 5.05 in Q2 Q3 household consumption slowed, investment accelerated 2024 growth seen at around 5, econ minister says JAKARTA, Nov 5 Reuters Indonesia39;s gross domestic product in the third quarter increased 4.95 from a year earlier, its slowest pace in a year, data from the statistics bureau showed […]

LONDON, Nov 5 Reuters Britain39;s services sector lost momentum in the runup to the new government39;s first budget in October, with business activity growing at the weakest rate in 11 months and the first fall in employment since December, a survey showed on Tuesday. The SP Global UK Services Purchasing Managers Index stood at 52.0 […]

WELLINGTON, Nov 5 Reuters New Zealand39;s central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships. The Reserve Bank of New Zealand39;s RBNZ semiannual Financial Stability Report said weakness in domestic economic activity had become more pronounced and a combination of subdued global growth […]

BOJ likely aiming to hike rates to 1.5 or 2 by early 2028Sakurai Renewed yen falls could prod BOJ to hike as soon as December BOJ may hold till January given political, market uncertainty Huge debt issuance may keep BOJ from accelerating QT TOKYO, Nov 5 Reuters The Bank of Japan is likely to raise […]

FRANKFURT, Nov 5 Reuters Stateowned utility Uniper has begun repaying Germany for a 13.5 billion euro 14.7 billion bailout it received during Europe39;s energy crisis, saying on Tuesday it had transferred 530 million euros to the government in September. The company said a separate chunk of provisions was now valued at just under 2.5 billion euros, […]

Oct headline inflation 1.3 YY, slowest since early 2021 BOK says inflation may temporarily accelerate BOK says fresh food prices stabilizing SEOUL, Nov 5 Reuters South Korea39;s October headline inflation slowed further to the weakest level in almost four years, data showed on Tuesday, strengthening the case for more interest rate cuts and fueling worries […]

Nov 4 Reuters New orders for U.S.manufactured goods fell for a second straight month in September, and business spending on equipment appears to have pulled back in the third quarter. Factory orders dropped 0.5 after a downwardly revised 0.8 decrease in August, the Commerce Department39;s Census Bureau said on Monday. Economists polled by Reuters had […]