From Taiwan to trade, China braces for more rivalry as Trump claims victory
By Laurie Chen BEIJING (Reuters) -As Republican Donald Trump claimed victory in the U.S. presidential election, defeating Democrat Kamala Harris, China is bracing for four more years of bitter superpower rivalry over trade, technology and security issues. Trump showed strength…
Malaysia central bank keeps key rate at 3.00% at final policy meeting of year
KUALA LUMPUR – Malaysia’s central bank kept its benchmark interest rate unchanged on Wednesday, in line with market expectations, amid a positive economic growth outlook and steady inflation. At its final policy meeting of 2024, Bank Negara Malaysia (BNM) maintained…
EU official expects Mercosur trade deal this year, dismisses changes on deforestation law
By Lisandra Paraguassu BRASILIA (Reuters) – The European Union expects to close the trade agreement with South American bloc Mercosur by the end of the year, the EU commissioner for crisis management told Reuters late last week, although noting there…
Brazil looks at curbing health, education spending in fiscal package, sources say
By Marcela Ayres and Lisandra Paraguassu BRASILIA (Reuters) – Brazil’s government is preparing measures to curb spending that would put health and education expenditures under a general cap that already applies to other outlays, two officials familiar with the matter…
Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says
WARSAW (Reuters) – Decarbonising Poland by 2050 would require investments worth about $450 billion, but could boost gross domestic product by an extra 4%, according to a World Bank report on Wednesday. Poland has agreed to stop mining coal for…
M&S expects ‘further progress’ after first-half profit beat
LONDON (Reuters) – British retailer Marks & Spencer (OTC:MAKSY) forecast “further progress” in the balance of the year after reporting a better-than-expected 17.2% rise in first-half profit, helped by market share gains, adding to evidence its latest turnaround plan is…