Erdogan to enter third decade in power Putin congratulates his 39;dear friend39; Vote shows polarised nation after divisive campaign ANKARA, May 28 Reuters President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which have polarised Turkey and strengthened its position as a regional military power. […]

RBNZ sees cash rate staying at 5.5 until mid2024 NZ dollar slumps 1 after rate hike Economists see policy statement as dovish WELLINGTON, May 24 Reuters New Zealand39;s central bank on Wednesday signalled it was done tightening after raising rates by 25 basis points to the highest in more than 14 years at 5.5, ending […]

SEOUL, May 24 Reuters South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to be of concern […]

WELLINGTON, May 22 Reuters New Zealands central bank is expected to deliver a 25basis point hike on Wednesday, but the focus will be on whether the policy rate will peak at a higher level than previously thought in the wake of a more stimulatory budget last week. After surprising financial markets with a 50basispoint bps hike to […]

Bank of England to announce next rate move at 1100 GMT BoE expected to raise rates by another quarterpoint Focus on how soon BoE will pause tightening cycle Governor Andrew Bailey due to chair news conference at 1130 GMT UK39;s 10.1 inflation highest in G7, growth weak LONDON, May 11 Reuters The Bank of England […]

Washington pushing for targeted controls on investment to China Germany, Japan lukewarm on idea given impact on their economies Germany voices hope for 39;grownup39; decision on U.S. debt woes G7 debated bank system risk, investment curbs Japan official NIIGATA, Japan, May 12 Reuters Finance leaders of the Group of Seven G7 advanced economies discussed the […]

COLOMBO, May 10 Reuters An International Monetary Fund IMF staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisishit country prepares for the first review of a loan programme in September. The delegation will visit Sri Lanka during May 1123 as part of regular consultations ahead […]

SYDNEY, May 2 Reuters Australia39;s central bank on Tuesday stunned markets by raising its cash rate 25 basis points when traders had looked for an extended pause, saying inflation was way too high and warned that even further tightening may be needed to bring it to heel. The unambiguously hawkish policy stance sent the Australian […]

SEOUL, April 11 Reuters South Korea39;s central bank on Tuesday held interest rates steady for a second consecutive meeting, as expected, faced with conflicting risks from still high inflation, a slowing economy and heightened financial uncertainty. The Bank of Korea said its sevenmember monetary policy board voted to keep the base rate unchanged at 3.50, as […]

BEIJING, March 1 Reuters China is willing to constructively participate in solving the debt problems of relevant countries under a multilateral framework, Premier Li Keqiang said on Wednesday. China, the world39;s largest bilateral creditor, has criticised multilateral lenders for not accepting losses, or haircuts, on loans to lowincome countries while Beijing is being asked to […]