RBNZ39;s outsized cut prompts bets for another 50 bp cut in Nov RBNZ says inflation is within 13 target, sees subdued economy New Zealand dollar slips, swaps fall on dovish policy stance WELLINGTON, Oct 9 Reuters New Zealand39;s central bank slashed rates by 50 basis points on Wednesday and said policy is still restrictive even […]
MUMBAI, Oct 9 Reuters The Reserve Bank of India RBI kept its key interest rate unchanged on Wednesday as widely expected, but changed its policy stance to neutral, opening the door for rate cuts as early as December. The Monetary Policy Committee MPC, which consists of three RBI and three external members, kept the repo rate unchanged […]
Oct 9 Reuters India39;s coalfired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. The decline reflects a shift in fuel use patterns in the world39;s […]
TOKYO, Oct 9 Reuters Japan Xray testing tool maker Rigaku set a tentative initial public offering IPO price range of 1,230 to 1,260 yen 8.48 per share against an initial estimate of 1,230 yen, a regulatory filing showed on Wednesday. At the top of the range, Rigaku, which is backed by buyout firm Carlyle Group, […]
BERLIN, Oct 9 Reuters German exports rose in August due to strong demand particularly from the United States and the United Kingdom, official data showed on Wednesday, defying market expectations of a decline. Exports rose by 1.3 in August compared with the previous month, data from the federal statistics office showed. The result compared with […]
ZURICH, Oct 9 Reuters Cash is still the most accepted payment method for Swiss businesses, the Swiss National Bank said on Wednesday, despite plans by some companies to reduce their acceptance of notes and coins in future. Physical money is still accepted by 98 of the 770 companies in the survey of retailers, public transport […]
China on track to hit 2024 GDP target despite pressures NDRC Government will frontload 2025 fiscal spending to spur growth Stock rally fizzles on lack of specific plans to bolster economy BEIJING, Oct 8 Reuters China said on Tuesday it was fully confident of achieving its fullyear growth target but refrained from introducing stronger fiscal […]
OTTAWA, Oct 8 Reuters Canada recorded a biggerthanexpected trade deficit of C1.1 billion 806 million in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday. Analysts polled by Reuters had forecast a C500 million deficit in the month. July39;s trade balance was revised to a C287 […]
Trade deficit shrinks 10.8 to 70.4 billion in August Exports increase 2.0 to record high; imports fall 0.9 WASHINGTON, Oct 8 Reuters The U.S. trade deficit narrowed sharply in August as exports increased to a record high, suggesting trade could have little or no impact on economic growth in the third quarter. The smallerthanexpected trade […]