BEIJING, Dec 20 Reuters The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt loosening of strict COVID19 containment measures and persistent property sector weakness. The Washingtonbased lender, in a report released on Tuesday, said it expected China39;s economy to grow 2.7 in 2022, before […]

SYDNEY, Dec 20 Reuters The postpandemic slump in Australian housing is set to deepen next year as hundreds of billions of dollars of mortgage debt fixed at record low rates in 2020 and 2021 mature, forcing borrowers to refinance at punishingly high interest rates. Repayments on an estimated A370 billion 245.79 billion of home loans […]

SHANGHAI, Dec 20 Reuters China kept benchmark lending interest rates unchanged for the fourth consecutive month on Tuesday, matching the forecasts of most market watchers who nevertheless expect further monetary easing to prop up a slowing economy. The oneyear loan prime rate LPR was left at 3.65, while the fiveyear LPR was held at 4.30. […]

SEOUL, Dec 20 Reuters South Korea39;s central bank said on Tuesday the country39;s consumer inflation would remain around 5 for some time and then gradually ease, but cautioned that domestic and global factors are raising uncertainty about how fast prices will slow. Going forward, uncertainty is high with regard to the oil prices, foreign exchange […]

LONDON, Dec 20 Reuters Euro zone government bond yields rose on Tuesday, echoing weakness in the Japanese market where yields hit a sevenyear high after the central bank surprised investors by loosening some of its strict controls over longterm interest rates. The Bank of Japan kept broad policy settings unchanged, but widened the allowable band for longterm […]

LONDON, Dec 20 Reuters British house prices look on track to drop by about 5 next year, as homebuyers face higher interest rates, a squeeze on disposable income and a potential rise in unemployment, mortgage lender Nationwide Building Society said on Tuesday. The risks are skewed to the downside, but there is still a good […]

Cabinet approves tax deduction on goods purchases Agrees cuts to property tax and fees, jet fuel tax Finmin expects tax measures to boost GDP by 0.76 BANGKOK, Dec 20 Reuters Thailand39;s cabinet on Tuesday approved tax measures to help boost public consumption to support the economy as it recovers, the finance minister said. The tax […]

BERLIN, Dec 20 Reuters Germany39;s producer price index eased in November for the second month in a row, adding to signs that high inflation could be waning in Europe39;s largest economy as the cost of natural gas and electricity fell, according to data released on Tuesday. Producer prices of industrial products rose 28.2 on the […]

STOXX 600 rises 0.5 Commoditylinked stocks, tech shares jump Freenet rises after Deutsche Bank raises rating Dec 19 Reuters European shares advanced on Monday, supported by energy sector, after a bruising selloff last week sparked by growing fears of a global recession as major central banks promised further interest rate hikes ahead. The regionwide STOXX […]

CAMPBELLTOWN, Australia, Dec 19 Reuters Belinda has applied for more than 100 rental homes in the past year and been rejected every time. The 39yearold Australian single mother of four now lives in an temporary shelter in Campbelltown, southwest of Sydney, and has six months to find a home that costs under A500 340 a […]