ECB’s Wunsch Says Talk of Half-Point Rate Cut Is ‘Premature’ (24.10.2024)
European Central Bank Governing Council member Pierre Wunsch said it’s far too early to start considering a half-point interest-rate reduction in December.
EU Assessing Tariff Hikes on More Russian Agricultural Goods (24.10.2024)
The European Union is debating whether to hike tariffs on more Russian agricultural and food products, as well as fertilizers, according to people familiar with the matter.
China Asks Carmakers to Halt Europe Expansion Over Tariff Spat (24.10.2025)
China is pressuring its automakers to pause expansion in the European Union due to the escalating trade conflict over electric vehicles, people familiar with the matter said.
ECB Policymakers’ Views on What’s Ahead Are Diverging: Overview (24.10.2024)
Views among European Central Bank officials about where to take monetary policy are starting to diverge as the institution’s 2% inflation target moves within close reach.
Euro-Zone Private-Sector Economy Fails to Grow for Second Month (24.10.2024)
The downtrend in private-sector activity in the euro-area extended into a second month with the region’s two top economies weighing on output and little sign of a recovery to come.
China Carmakers Set to Double Overseas Capacity to Beat Tariffs (23.10.2024)
Chinese automakers could more than double their overseas full-process manufacturing capacity to beat punitive import tariffs and meet surging demand in emerging markets, according to BloombergNEF.
Fed’s Beige Book Shows Little Growth Across Most of US (23.10.2024)
Economic activity was flat in most parts of the US since early September, the Federal Reserve said in its Beige Book survey of regional business contacts.
Russia’s Red-Hot Economy Passed Its Peak With Future Unclear (23.10.2024)
Growth in Russia’s wartime economy has passed its peak after overheating in the first half of the year, according to analysts, even amid robust military production to support the ongoing war in Ukraine.
Germany Is Courting India as Ties With China Sour: What to Watch (24.10.2024)
Germany is trying to cultivate India as a source of trade and geopolitical support as its deteriorating relations with China cast a pall over the country’s economic future.
USA, NATO sehen Beweise: Nordkoreanische Truppen in Russland (24.10.2024)
In Russland halten sich nach Angaben der US-Regierung derzeit Tausende nordkoreanische Soldaten auf. „Was genau tun sie dort? Das bleibt abzuwarten“, sagte US-Verteidigungsminister Lloyd Austin am Mittwoch. Die NATO gab ebenfalls an, „Beweise“ für die Entsendung der nordkoreanischen Soldaten zu haben. Nordkoreas Botschafter in Österreich wurde am Abend ins Außenministerium zitiert.
Nach Ankara-Anschlag: Türkei flog Angriffe auf Syrien und Irak (24.10.2024)
Nach dem Anschlag in Ankara mit mindestens fünf Toten hat die Türkei Ziele in Nordsyrien und dem Nordirak aus der Luft angegriffen. Man habe 32 Ziele zerstört, teilte das türkische Verteidigungsministerium laut der staatlichen Nachrichtenagentur Anadolu am späten Mittwochabend mit. „Unsere Luftangriffe werden auf entschlossene Weise fortgesetzt“, so das Ministerium.
ECB’s Holzmann Says Quarter-Point Rate Cut Probable in December (24.10.2024)
The European Central Bank will most likely lower interest rates by another 25 basis points this year even as upside inflation risks linger, said Governing Council member Robert Holzmann.
Putin Says BRICS Summit Shows a ‘Multipolar World’ Is Emerging (23.10.2024)
Russian President Vladimir Putin said the newly expanded BRICS group showed that a “multipolar world” is being created, in a challenge to the US-dominated global order.
IMF Sees Growth Shift Toward BRICS, Away From G-7 in New Outlook (23.10.2024)
The world economy is set to rely even more heavily on the BRICS group of emerging economies to drive expansion, rather than their wealthier Western peers, according to the International Monetary Fund’s latest forecasts.
ECB’s Panetta Says Slowing Inflation, Economy Signal More Cuts (23.10.2024)
The recent retreat in consumer-price growth and the weakening of economic activity call for further interest-rate cuts by the European Central Bank, according to Governing Council member Fabio Panetta.
The European Central Bank has room to lower borrowing costs further as inflation approaches its target but must pay close attention to upside risks, according to Governing Council member Christodoulos Patsalides.
China’s Economic Stimulus Isn’t a Game Changer, JPMorgan’s Zhu Says (23.10.2024)
Beijing’s latest blitz of economic policy measures is designed more to mitigate risks than to provide broad stimulus in the near term, according to Haibin Zhu, chief China economist at JPMorgan Chase & Co.
Schwarzman Says US to Avoid Recession No Matter Who’s President (23.10.2024)
Blackstone Inc. Chief Executive Officer Steve Schwarzman said the US is likely to avoid a recession regardless of who wins the presidential election, as both candidates have policy proposals that appeal to growth.
ECB’s Rehn Says Weak Growth May Boost Disinflation Pressures (22.10.2024)
An increasingly dire euro-area economy might exacerbate slowing consumer-price growth, according to European Central Bank Governing Council member Olli Rehn.
Modi Touts Closer Russia Ties at BRICS Summit Amid US Annoyance (22.10.2024)
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi both praised expanding relations with Russia at bilateral meetings with President Vladimir Putin on Tuesday.
Goldman Sees Risk of 10% Drop in Euro If Trump Wins US Election (22.10.2024)
Goldman Sachs Group Inc. said the euro could drop as much as 10% versus the dollar if Donald Trump and the Republicans win next month’s US elections and enact high global tariffs and generous domestic tax cuts.
Northvolt Factory Layoffs Top 1,200 After IF Metall Union Negotiations End (22.10.2024)
The number of layoffs at troubled Swedish battery maker Northvolt AB is now at around 1,200 following an announcement from the IF Metall union that more than 800 of its members will be let go from the firm’s key manufacturing site.
ECB’s Villeroy Urges Agility on Rates to Not Fall Behind Curve (22.10.2024)
The European Central Bank must be agile with further interest-rate cuts to avoid the risk of acting too slowly, according to Governing Council member Francois Villeroy de Galhau.
China Think Tank Urges $281 Billion for Market Stabilization (22.10.2024)
China should issue 2 trillion yuan ($281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank.
Lagarde Sees Clear Direction for ECB Rates, Pace to Be Decided (22.10.2024)
The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.