China will sharply increase funding from treasury bonds to spur growth in 2025
BEIJING (Reuters) – China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing ramps up fiscal stimulus to revitalise a faltering economy. Special…
Morning Bid: As stocks waver, dollar remains the surest bet
A look at the day ahead in European and global markets from Ankur Banerjee While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has left the dollar’s dominance intact, leaving the euro and sterling…
Turkish annual inflation falls more than expected to 44.38%
ISTANBUL (Reuters) – Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise. Month on month, inflation was 1.03%, the Turkish Statistical Institute…
China gives government workers first big pay bump in a decade to boost economy
BEIJING (Reuters) – Millions of government workers across China were given surprise wage increases this week, people affected by the move said, as Beijing looks to boost spending to support the slowing economy. On a combined basis, the immediate payout…
Biden decides to block U.S. Steel sale to Nippon Steel, Washington Post reports
(Reuters) – U.S. President Joe Biden has decided to officially block Nippon Steel’s proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not authorized to speak publicly about the matter. This post appeared…
South Korea extends Boeing 737-800 inspections following fatal crash
By Hyunjoo Jin SEOUL (Reuters) – South Korea’s transport ministry has extended special inspections of all 101 of the Boeing (NYSE:BA) 737-800 jets run by the country’s airlines by a week, after the worst aviation disaster on the country’s soil,…