Russia and China are making plans to further their geopolitical relationship, this time in space with the building of a new lunar station. The countries space agencies, Russias Roscosmos and Chinas National Space Administration, signed Tuesday a memorandum of understanding on behalf of their respective governments signaling their commitment to create a new lunar space […]

A group of some of the worlds most powerful oil producers will hold a crucial meeting on Thursday to discuss reversing some of the output cuts it made last year. OPEC and its nonOPEC partners, an energy alliance sometimes referred to as OPEC , will convene via videoconference in a bid to reach consensus over […]

President Joe Bidens team will use all available tools to fight Chinas unfair trade practices, according to a report outlining the new U.S. administrations trade agenda. The document released on Monday did not specify the tools that the administration will use, but it formalized statements made by Biden and members of his team in the […]

FRANKFURT Reuters The worlds biggest central banks will happily live with higher inflation and investors now aggressively betting on a quicker end to monetary stimulus are all but certain to be proved wrong. After a decade of underestimating inflation, central bankers in the United States, Europe and Japan have every reason keep money taps open […]

Bank of Japan policymakers discussed the merits of allowing longterm yields to move more flexibly around the banks target, a summary of opinions at their January meeting showed, a sign the idea will be a key element of its policy review in March. As the coronavirus pandemic forces it to maintain a massive stimulus programme […]

SYDNEY, Feb 2 Reuters Australias central bank held rates at nearzero in a widely expected decision on Tuesday and said it would expand its bond buying programme by A100 billion 76.4 billionfrom midApril to help support jobs and boost inflation. At its first policy meeting of the year, the Reserve Bank of Australia RBA left […]

SYDNEY, Feb 3 Reuters Australias top central banker pledged on Wednesday to keep interest rates near zero until there were enough jobs in the economy to push wages growth and inflation higher, a goal that has eluded the country for more than a decade. Reserve Bank of Australia RBA Governor Philip Lowe reckons it will […]

TOKYO, Feb 3 Reuters The Bank of Japan is conducting a review of its policy tools to make them more sustainable, as the hit to the economy from the coronavirus is seen prolonging the battle to achieve its elusive 2 inflation target. It will release the findings in March. Below are some options likely to […]

New governor Naci Agbal does not expect Turkeys central bank to begin considering cutting interest rates from 17 until much later this year given upward pressure on already high inflation, and rate hikes are still a possibility, he told Reuters. In his first interview since taking the reins three months ago, Agbal said the central […]

Russias central bank held its key interest rate at a record low of 4.25 on Friday following a recent jump in inflation, a move that suggests further monetary policy easing could be off the table due to higher inflation. The decision, to keep the rate at a level unchanged since July 2020, was in line […]