Analysis-Europe’s conundrum: how to fund defence spending
By Yoruk Bahceli LONDON (Reuters) – With a war raging at the European Union’s eastern border, Russia posing a threat, and U.S. President-elect Donald Trump pressuring allies to do more, the bloc urgently needs a viable plan to secure hundreds…
Fed expected to combine interest rate cut with hawkish 2025 outlook
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a “hawkish cut” set to be delivered alongside policymakers’ updated interest rate outlooks and economic forecasts covering…
Exclusive-China plans record budget deficit of 4% of GDP in 2025, say sources
(Reuters) – Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the…
Indonesia anti-graft body searches central bank’s headquarters
JAKARTA (Reuters) – Indonesian anti-graft investigators raided the Jakarta headquarters of the central bank on Monday in relation to a probe into alleged mishandling of a corporate social responsibility programme, the central bank said. A spokesperson for the anti-graft body…
Analysis-Italy’s growth bubble bursts to reveal fragile outlook
By Gavin Jones ROME (Reuters) – Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’s third largest economy. After gross…
Bank of Korea board members see need to respond to slowing economy, minutes show
SEOUL (Reuters) – South Korea’s monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to…