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 […]

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 […]

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 […]

BEIJING, Nov 5 Reuters China39;s services activity expanded at the fastest pace in three months in October, helped by early signs that Beijing39;s big stimulus push was helping improve business conditions, a privatesector survey showed on Tuesday. The CaixinSP Global services purchasing managers39; index PMI grew to 52.0 in October from 50.3 the previous month. […]

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 […]

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 […]

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 […]