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India approves $5.1 billion package to aid exporters after US tariffs hit
NEW DELHI, Nov 12 (Reuters) - India's cabinet has approved spending 450.6 billion rupees ($5.13 billion) towards providing support to exporters, including 200 billion rupees in credit guarantees on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday.The plan includes allocation o...Reuters
Wed, Nov 12
Germany's Klingbeil: will discuss rare earths, competitiveness during China trip
Nov 12 (Reuters) - Germany's Finance Minister Lars Klingbeil said on Wednesday he was in discussions with other European finance ministers to coordinate ahead of his trip to China next week, which will include discussion of topics such as competitiveness and rare earths.Klingbeil will be the fir...Reuters
Wed, Nov 12
Fed’s Williams: Fed close to desired level for bank reserves
Federal Reserve (Fed) Bank of New York President John Williams spoke at the United States (US) Treasury Market Conference in New York on Wednesday. He said that determining whether reserves are ample is an inexact science and claimed he is closely watching the markets for signals.Fxstreet
Wed, Nov 12
Fed may soon start buying bonds to manage market liquidity, Williams says
Williams reiterates technical bond-buying looms for FedHe says new bond-buying effort will not be monetary policy signalWilliams says banks should use Standing Repo Facility as neededBy Michael S. Derby NEW YORK, Nov 12 (Reuters) - New York Federal Reserve President John Williams reiterated on We...Reuters
Wed, Nov 12
Brazil services beat forecasts, posts eighth straight growth in September
SAO PAULO, Nov 12 (Reuters) - Services activity in Brazil exceeded expectations in September, rising for the eighth straight month and hitting a record high, despite tight financial conditions, data from the national statistics agency IBGE showed on Wednesday.The main driver of Latin America's l...Reuters
Wed, Nov 12
POLL-Fed to cut rates again in December on weakening job market, say most economists
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=USFOMC%3DECI Fed rates poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=USGDPAAP U.S. economic poll dataBy Indradip Ghosh BENGALURU, Nov 12 (Reuters) - The U.S. Federal Reserve will again lower its k...Reuters
Wed, Nov 12
ECB’s Schnabel: Risks to inflation are tilted a little bit to the upside
European Central Bank (ECB) executive board member Isabel Schnabel said at BNP Paribas' 9th annual Global Markets Conference "Europe Reimagined” that there is no need to adjust interest rates in the current situation, and the main focus of the central bank is on core inflation.Fxstreet
Wed, Nov 12
USD/CNH: Likely to lead to a lower range of 7.1155/7.1260 – UOB Group
Softer underlying tone is likely to lead to a lower range of 7.1155/7.1260 rather than a continued decline. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Nov 12
China’s C/A: Weathering the tariff war – Standard Chartered
Peak fear around US-China tariff war is likely behind us; we expect tariffs to stay at current levels in 2026. Diversification, upgrading, and innovation to help China maintain export competitiveness, Standard Chartered's economists report.Fxstreet
Wed, Nov 12
