News
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USD/CNY: The pair is guided by the lower fix – OCBC
USD/CNY gapped lower in the open this morning, guided by lower USD/CNY fix at 7.0995 (vs. 7.1021 yesterday). It appears that 7.10 is no longer the line in the sand. USD/CNY last seen at 7.1245, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Wed, Oct 15
German cabinet agrees on law to incentivise post-retirement work
By Maria Martinez BERLIN, Oct 15 (Reuters) - Germany's cabinet agreed a draft law on Wednesday to encourage work after retirement by allowing those who do so to earn up to 2,000 euros a month tax-free in an effort to combat labour shortages in Europe's biggest economy.The change is to ta...Reuters
Wed, Oct 15
China: Deflation eased but price pressure remained subdued in September – UOB Group
China’s Consumer Price Index (CPI) deflation eased, coming in at -0.3% y/y in September, an improvement from August (-0.4%) (versus Bloomberg est: -0.2%). This was the second straight month of negative reading.Fxstreet
Wed, Oct 15
Santander merges digital bank and consumer finance unit in Europe
Will operate European consumer unit under Openbank brand Germany will be the first market to initiate integrationSantander expects other markets to follow By Jesús Aguado MADRID, Oct 15 (Reuters) - Spain's Santander SAN.MC is merging its digital lender Openbank with its consumer finance busin...Reuters
Wed, Oct 15
CORRECTED-POLL-Long Treasury yields to stay elevated as inflation, debt pressures blunt Fed easing
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/mm-bondyield-polls?s=6J&st=G poll dataBy Sarupya Ganguly BENGALURU, Oct 14 (Reuters) - Short-dated U.S. Treasury yields will edge lower on expectations of Federal Reserve rate cuts even as the long end resists the pull thanks to sticky in...Reuters
Wed, Oct 15
BREAKINGVIEWS-EU's China tech transfer plan could backfire
By Katrina Hamlin HONG KONG, Oct 15 (Reuters Breakingviews) - Brussels risks overplaying its hand with China Inc. The European Union is mulling mandating companies to share technology and know-how in exchange for the opportunity to invest in the region, the EU trade chief and Denmark's foreig...Reuters
Wed, Oct 15
Santander integrates Openbank, Santander Consumer Finance into single entity in Europe
MADRID, Oct 15 (Reuters) - Spain's Santander SAN.MC announced on Wednesday the integration of its digital lender Openbank and Santander Consumer Finance (SCF) into a single entity that will gradually operate its European consumer finance businesses under Openbank.Germany will be the first market...Reuters
Wed, Oct 15
Vietnam Communist Party targets faster growth for next five years amid challenges
HANOI, Oct 15 (Reuters) - Vietnam's ruling Communist Party is targeting faster annual economic growth over the next five years, despite potentially "severe" economic challenges, according to a draft document prepared for its upcoming congress.The party expects the country's economy t...Reuters
Wed, Oct 15
FACTBOX-What to watch for at China's Communist Party's plenum
BEIJING, Oct 15 (Reuters) - China's Communist Party leadership will begin a four-day, closed-door meeting on Monday to chart the country's economic policy for the next five years, seeking to sustain its ascent at a time of mounting trade tensions with the U.S.Beijing is likely to release an ...Reuters
Wed, Oct 15
Global EV sales hit record 2.1 million in September, research firm says
By Jesus Calero Oct 15 (Reuters) - Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late U.S. tax-credit rush, market research firm Rho Motion said on Wednesday.China accounted f...Reuters
Wed, Oct 15
Vietnam targets annual growth of at least 10% for 2026-2030
HANOI, Oct 15 (Reuters) - Vietnam is targeting annual gross domestic product growth of at least 10% over the 2026-2030 period, a document prepared by the country's ruling Communist Party for its upcoming five-year congress showed on Wednesday. It is also aiming to bring GDP per capita up to $8,5...Reuters
Wed, Oct 15
Data darkness in US spreads a global shadow
Lack of US data a concern abroad as well as in USShutdown seen as symptomatic of larger issuesWorld Bank, IMF cite loss of institutional trust as a downside riskBy Leika Kihara and Howard SchneiderTOKYO/WASHINGTON, Oct 15 (Reuters) - The U.S. government shutdown that has turned off the official flow...Reuters
Wed, Oct 15
