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Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount
Banks raise consumer loan rates to at least 3%Top lenders have warned of growing personal bad loansHigher rates could deter China's consumption push, analysts warnBy Ziyi Tang and Ryan Woo BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad con...Reuters
Tue, Apr 1
SNB continues to intervene only cautiously – Commerzbank
Yesterday's figures on the Swiss National Bank's (SNB) foreign exchange interventions, which amounted to around 100 million in the fourth quarter, once again confirmed that the SNB is currently intervening in the foreign exchange market rather cautiously, Commerzbank's FX analyst Michael Pfister notes.
REFILE-Rising UK inflation expectations are a concern, but not 'flashing red lights', BoE's Greene says
April 1 (Reuters) - Bank of England interest rate setter Megan Greene said on Tuesday that she was concerned by increases in the public's expectations for future inflation, but added that they remained anchored.Surveys published by the BoE and Citi/YouGov show inflation expectations have risen i...Reuters
Tue, Apr 1
Strong reasons to expect Swedish inflation will ease, Riksbank's Jansson says
Riksbanks's Jansson: Swedish economy still in need of supportHikes unlikely unless confidence in inflation target threatenedStill reasons to be optimistic on growth LONDON, April 1 (Reuters) - There are strong reasons to believe Swedish inflation, which has run above target in recent months, ...Reuters
Tue, Apr 1
Greek unemployment drops to 8.6% in February
April 1 (Reuters) - Greece's jobless rate stood at 8.6% in February, down from an upwardly revised 9.1% in January, data from statistics service ELSTAT showed on Tuesday.Seasonally adjusted data showed 404,581 people were officially unemployed.Unemployment impacted women more than men, at the ra...Reuters
Tue, Apr 1
Euro zone inflation drops in likely boost for rate cut bets
FRANKFURT, April 1 (Reuters) - Euro zone inflation eased as expected last month and a key measure of underlying price pressures also fell, likely adding to already widespread expectations for another European Central Bank interest rate cut later in April. Consumer price growth in the 20 nations shar...Reuters
Tue, Apr 1
US: Looming tariff threats put Asia at risk – UOB Group
As the 2 April 'Liberation Day' approaches, financial markets have turned more jittery with exporters and businesses bracing for potentially hard-hitting import tariffs imposed by US President Trump, UOB Group's economists Suan Teck Kin and Alvin Liew note.Fxstreet
Tue, Apr 1
Portugal EV sales rise 29% in first quarter, Tesla down 26%
LISBON, April 1 (Reuters) - Tesla TSLA.O sold almost 26% fewer cars in Portugal in the first quarter than a year earlier, while new registrations of light electric vehicles rose 29%, the country's automobile industry association ACAP said on Tuesday.Total new registrations of passenger vehicles ...Reuters
Tue, Apr 1
UK factories struggle as trade woes hammer sentiment, PMI shows
By Andy Bruce April 1 (Reuters) - British manufacturers endured a torrid March as the U.S. tariff threat and looming tax increases at home contributed to a plunge in new orders and ebbing optimism, a business survey showed on Tuesday.The S&P Global UK Purchasing Managers' Index (PMI) for ...Reuters
Tue, Apr 1
Britain hopeful US tariffs will be reversed with economic deal
UK had hoped to agree a deal to avoid US tariffsUK hopeful exemption can be agreed shortly after introductionUK will consider retaliatory action if no deal reachedBy Sachin Ravikumar and Sarah Young LONDON, April 1 (Reuters) - Britain is still hopeful that any tariffs imposed by U.S. President Do...Reuters
Tue, Apr 1
Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount
Banks raise consumer loan rates to at least 3%Top lenders have warned of growing personal bad loansHigher rates could deter China's consumption push, analysts warnBy Ziyi Tang and Ryan Woo BEIJING, April 1 (Reuters) - Some Chinese banks have started raising interest rates amid growing bad con...Reuters
Tue, Apr 1
