Asian stocks mixed, dollar drifts before megacap earnings, jobs data
By Kevin Buckland TOKYO (Reuters) -Asian stocks were broadly mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet (NASDAQ:GOOGL) later in the day….
Singapore central bank expects GDP at upper end of 2%-3% range in 2024 and 2025
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank said on Monday it expects 2024 gross domestic product growth at the upper end of the 2%-3% forecast range, and for next year to have a similar growth pace. In its…
Analysis-BOJ on quest for better communication as more rate hikes loom
By Leika Kihara WASHINGTON (Reuters) – Aside from the mixed policy signals dropped during his trip to the International Monetary Fund and World Bank meetings in Washington, Bank of Japan Governor Kazuo Ueda offered a glimpse of how the central…
Japan’s political shakeup complicates BOJ, fiscal policy outlook
By Makiko Yamazaki TOKYO (Reuters) – The loss of Japan’s ruling bloc’s parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential complications for further central bank interest rates hikes. Prime Minister…
China again warns EU against separate talks with EV makers
BEIJING (Reuters) – China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in talks with China, that would “shake mutual trust” and interfere with the overall negotiations, Chinese commerce ministry…
No urgency for ECB to speed up policy easing, Wunsch says
By Balazs Koranyi (Reuters) – There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch said,…