Thai November headline inflation misses forecast, below central bank target
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 0.95% in November from a year earlier, driven by higher food and energy prices, after the previous month’s annual increase of 0.83%, the commerce ministry said on Wednesday. The figure…
ECB rate cut of 25 bps possible, not more, ECB’s Holzmann tells paper
VIENNA (Reuters) – It is “conceivable” that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on…
South Korea stocks slide as President Yoon’s failed martial law bid stokes turmoil
SEOUL (Reuters) – Round-up of South Korean financial markets: ** South Korean shares declined on Wednesday after the nation’s president declared martial law and then rescinded it hours later in the biggest political crisis in decades in Asia’s fourth-largest economy….
China can accept GDP growth of less than 5%, says People’s Daily
BEIJING (Reuters) – China is not wedded to achieving specific GDP growth rates, and a pace of less than 5% for the economy is acceptable as there is no need for the “worship of speed”, state newspaper People’s Daily said…
Column-Banished bond blues give clues to 2025 :Mike Dolan
By Mike Dolan LONDON (Reuters) – Post-election U.S. reflation trades have quietly subsided and the world’s sovereign bond markets have confounded many doomsters to roar back to life, dragging government borrowing rates back down over the past fortnight. It’s not…
Australian gambling firm Tabcorp lays off 10% workforce, AFR reports
(Reuters) -Australian betting and gambling firm Tabcorp Holdings has laid off 10% of its workforce, around 200 roles, to cut down on costs and simplify its business, the Australian Financial Review reported on Wednesday, citing company spokesperson. The Australian media…