China Refrains From Cutting Policy Rate After Record Trim (25.10.2024)
China’s central bank kept its one-year policy rate unchanged, after slashing funding costs by the most on record a month ago, suggesting authorities are cautiously pacing monetary stimulus to support the economy.
Xi’s Stimulus Package Met With Wall of Skepticism in Washington (25.10.2024)
President Xi Jinping’s boldest economic stimulus since the pandemic failed to impress global luminaries gathered in Washington this week, who called for more measures to rebalance China’s growth and greater clarity over Beijing’s policy plans.
ECB Mustn't Keep Interest Rates Too High for Too Long, Martins Kazaks Says (24.10.2024)
The European Central Bank mustn’t keep interest rates too high for too long, according to Governing Council member Martins Kazaks, who said weakness in the euro-zone economy is now his “single biggest concern.”
ECB Would Need ‘Powerful’ Data for Big Rate Cuts, Makhlouf Says (24.10.2024)
The European Central Bank should reserve big interest-rate cuts for exceptional circumstances, according to Governing Council member Gabriel Makhlouf, who said he prefers a “cautious” approach to ensure that inflation’s retreat to 2% stays on track.
ECB’s Pierre Wunsch Says It's Too Early to Consider Half-Point Cut in December (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.
China Asks Carmakers to Halt Europe Expansion Over EV Tariff Trade Conflict (24.10.2024)
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.
EU Economy: Euro-Zone Private Sector 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.
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.
ECB’s Panetta Says Slowing Inflation, Economy Signal More Interest Rate Cuts (24.10.2024)
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.
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.
Scholz Meets Modi as Germany Courts India Amid Souring China Ties (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.
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.
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 Regardless of Election (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.
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.
Xi, Modi Hail Russia Ties While Meeting Putin at BRICS Summit (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.
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.
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.
An increasingly dire euro-area economy might exacerbate slowing consumer-price growth, according to European Central Bank Governing Council member Olli Rehn.
ECB Rates: Lagarde Sees Clear Direction, Pace of Cuts 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.
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.
Fed Stuck on Six-Week Data Cycle When Investors Want a Forecast (17.10.2024)
For the past several months, Federal Reserve Chair Jerome Powell has hammered home the idea that interest-rate decisions will be made meeting by meeting based on incoming data.