Economy05 March 2024, 2:20 pm 1 minute Reuters was first to report on Chinese Premier Li Qiang’s announcement of an ambitious 2024 economic growth target of around 5% at the annual meeting of the National People’s Congress. Market ImpactLast year’s uneven growth laid bare China’s deep structural imbalances, from weak household consumption to increasingly lower returns on investment, prompting calls for a new growth model. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: ChinaWin Types: SpeedStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
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Economy08 March 2024, 3:29 pm 1 minute Reuters exclusively reported that European Central Bank policymakers overwhelmingly back June for a first interest rate cut and some have informally floated the idea of a further move in July to win over a small group that would prefer an earlier start. Market ImpactFinancial markets now expect four ECB interest rate cuts this year, starting in June, implying cuts at all except one meeting between June and December. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: EuropeWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Important Regional Story Source link
Economy18 March 2024, 1:36 pm 1 minute Reuters exclusively reported that India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system. Market ImpactCredit extended by India’s banks has been rising about 16%annually, more than double the economy’s scorching 7.6% forecast growth for the financial year ending this month, despite 2.5 percentage points of RBI interest-rate hikes over the past two years. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: IndiaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer…
Economy05 April 2024, 11:20 am 1 minute Reuters exclusively reported that the Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency. Market ImpactSouth Korean authorities have been trying to introduce reforms across financial markets as the export powerhouse attempts to improve governance, transparency and communication. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: South KoreaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
EconomyGovernment08 April 2024, 2:57 am 1 minute Reuters exclusively reported that Thai Prime Minister Srettha Thavisin called on the central bank to cut its key interest rate by at least a quarter point to support government efforts to revive Southeast Asia’s second-largest economy. Market ImpactThe central bank resisted government pressure to ease policy, leaving its key interest rate unchanged for a third straight meeting two days after the prime minister’s comments. Article TagsTopics of Interest: EconomyGovernmentType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: ThailandWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
Economy16 May 2024, 4:03 am 1 minute Federal Reserve Bank of New York President John Williams told Reuters he welcomed the arrival of softer consumer inflation data but said that positive news is not enough to call for the U.S. central bank to cut interest rates sometime soon. Market ImpactThe New York Fed leader, one of the top voices at the central bank who also serves as vice-chairman of the rate-setting Federal Open Market Committee, was interviewed in the wake of inflation data indicating a welcome slowdown, renewing Wall Street hopes the Fed might cut interest rates this year. Article…
Economy17 May 2024, 10:28 am 1 minute Reuters exclusively reported that Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government. Market ImpactThe expired funding could delay much-needed projects, such as infrastructure upgrades. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: VietnamWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
EconomyGovernment17 May 2024, 10:53 am 1 minute Reuters exclusively reported that Shanghai has compiled a list of data that can be transferred overseas without security assessments, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy. Market ImpactForeign firms including financials and automakers such as Elon Musk’s Tesla have been lobbying the Chinese authorities to allow cross-border sharing of information after Beijing tightened control of data generated domestically in a national security drive. Article TagsTopics of Interest: EconomyGovernmentType: Reuters BestSectors: Economy & PolicyGovernment & Public ServicesRegions: AsiaCountries: ChinaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia…
EconomyGovernment21 June 2024, 6:13 pm 1 minute Reuters was first to report that Ghana had reached an agreement in principle with its bondholders to restructure $13 billion worth of international debt, a key milestone for the nation, including details on the agreement. Market ImpactGhana’s dollar bonds rallied on the Reuters report, with the 2027 bond rising to its highest price since 2022, Tradeweb data showed. Article TagsTopics of Interest: EconomyGovernmentType: Reuters BestSectors: Economy & PolicyRegions: AfricaCountries: GhanaWin Types: SpeedStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
“It’s a huge challenge,” said Pierre-Olivier Ngadjole, a doctor with the Swiss humanitarian organization Medair, which runs the Munigi treatment center.At the hospital in South Kivu, Nathalie’s mother, Ms. Binja, said she was aware that she could be infected with mpox because of the close contact with her daughter. But she said, “I don’t want to leave her alone, I don’t want her to die.” Source link
