Singapore’s low inflation not enough for a January easing, analysts say
By Bing Hong Lok SINGAPORE (Reuters) – Slowing inflation has created room for Singapore’s central bank to ease monetary policy in January but it may wait until later in 2025 so it can assess incoming U.S. President Donald Trump’s policies,…
US House Speaker Mike Johnson’s future hangs in balance as he scrambles for funding deal
By James Oliphant WASHINGTON (Reuters) – Mike Johnson’s hold on the speakership of the U.S. House of Representatives has been tenuous almost since the day he was elected. The Louisiana Republican only ended up with the job in October 2023…
Morning Bid: One last hurdle remains for the year
A look at the day ahead in European and global markets from Stella Qiu 2024 is almost over. Several central banks have concluded their final policy meetings of the year – some held steady and others cut, but all of…
Rapprochement between Volkswagen and union in wage talks, sources say
(Reuters) – There has been rapprochement between Volkswagen (ETR:VOWG_p) and the IG Metall union during the longest-ever talks over pay and job security, sources close to the negotiations told Reuters on Friday, without providing further details. The fifth round of…
Japan stocks lower at close of trade; Nikkei 225 down 0.22%
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Communication, Steel and Transportation Equipment sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.22%. The best performers of the session…
Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers
By Mimosa Spencer PARIS (Reuters) – Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets…