News
Important Only
India slashes interest rates, but who will borrow?
By Swati Bhat and Siddhi Nayak MUMBAI, June 10 (Reuters) - India's central bank is rolling out aggressive monetary easing to revive consumption and investment in the world's fifth-largest economy, but the payoff hinges on whether banks ramp up credit and companies want to take on more deb...Reuters
Tue, Jun 10
UK Unemployment Rate climbs to 4.6% in the quarter to April as expected
The United Kingdom’s (UK) ILO Unemployment increased to 4.6% in the three months to April after reporting 4.5% in the quarter to March, data published by the Office for National Statistics (ONS) showed on Tuesday.
Fxstreet
Tue, Jun 10
Poland - Factors to Watch June 10
WARSAW, June 10 (Reuters) - The following are significant news stories, press reports and events on Tuesday. ALL TIMES GMT (Poland: GMT + 2 hours):POLLSSupport for the ruling Civic Coalition (KO) in Poland is 32.3%, while for the opposition Law and Justice (PiS) 28.3%. In third place is the far righ...Reuters
Tue, Jun 10
South Korea's Hanwha Group says it has US approval for Austal stake increase
June 10 (Reuters) - Hanwha Group has received approval from the U.S. Committee on Foreign Investment (CFIUS) to increase its shareholding in Australian shipbuilder Austal ASB.AX to 19.9% from the current 9.9%, the South Korean conglomerate said on Tuesday. Austal, which supplies defence vessels...Reuters
Tue, Jun 10
RPT-Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
Deflation deepens in China as US tariffs add to gloomy economic moodLuxury consumers increasingly shifting to second-hand marketBut overcapacity, supply growth outpaces demand, leading to deeper discountsPrice wars unsustainable, new stores may close, industry exec saysBy Liangping Gao and Casey Hal...Reuters
Tue, Jun 10
Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
Deflation deepens in China as US tariffs add to gloomy economic moodLuxury consumers increasingly shifting to second-hand marketBut overcapacity, supply growth outpaces demand, leading to deeper discountsPrice wars unsustainable, new stores may close, industry exec saysBy Liangping Gao and Casey Hal...Reuters
Tue, Jun 10
Pakistan likely to hike defence spending but slash overall budget in 2025-26
Pakistan will announce its new budget on TuesdayDefence spending may rise by about 20%.Growth is forecast at 4.2% next year.By Ariba Shahid and Saeed Shah ISLAMABAD, June 10 (Reuters) - Pakistan will unveil its annual federal budget for the coming fiscal year later on Tuesday, seeking to kicksta...Reuters
Tue, Jun 10
Australia has stabilising role amid rising global division, says PM Albanese
SYDNEY, June 10 (Reuters) - Australia will seek to disprove the "corrosive" idea that democratic institutions are failing amid significant global uncertainty, and play a stabilising role in the region, Prime Minister Anthony Albanese said on Tuesday. In his first major speech since his centr...Reuters
Tue, Jun 10
