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Russian central bank cuts key rate by 100 bps to 17%
MOSCOW, Sept 12 (Reuters) - The Russian central bank cut its key interest rate by 100 basis points to 17% on Friday, less than analysts had expected, saying that inflation remains above target and inflationary expectations are still high. "Inflation expectations have not changed considerably in ...Reuters
2 minutes ago
Fed's fear meter may be pointing to stagnation, rather than stagflation
US central bank expected to cut rates next weekFed officials more comfortable that tariffs will only temporarily boost inflationWorries rising about weaker job growth, higher unemploymentBy Howard Schneider WASHINGTON, Sept 12 (Reuters) - Federal Reserve officials, already expected to cut interes...Reuters
51 minutes ago
China August bank loans pick up but well below forecast as economy struggles
August yuan loans at 590 bln yuan, reversing July's contractionAugust outstanding yuan lending growth at record lowWeak private credit demand behind slowing lending growthC.bank faces policy dilemma as Fed rate cut loomsBy Kevin Yao and Ethan Wang BEIJING, Sept 12 (Reuters) - China's new ...Reuters
56 minutes ago
South Korean workers return home a week after immigration raid to hugs and cheers
Presidential chief of staff says raid affected 'innocent people of Korea'New visa category for South Koreans under discussion after raidSouth Korean President has warned firms may be hesitant to invest in USBy Joyce Lee, Jihoon Lee and Hyunjoo Jin INCHEON, South Korea, Sept 12 (Reuters) -...Reuters
an hour ago
Eurozone: ECB holds rates in September – UOB Group
The European Central Bank (ECB) kept its policy interest rates on hold on Thursda (11 September). The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility remain unchanged at 2.00%, 2.15% and 2.40% respectively.Fxstreet
an hour ago
UK economy makes weak start to second half of the year
UK GDP fails to grow in July compared with June, as expectedEconomic output up 1.4% in year to JulyAnalysts see weaker second half after strong start to 2025UK goods trade deficit widest since January 2022Factory output falls by most in a yearBy David Milliken and Suban Abdulla LONDON, Sept 12 (R...Reuters
2 hours ago
China August bank loans rise 590 bln yuan, well below expectations
BEIJING, Sept 12 (Reuters) - China's new bank loans rose 590 billion yuan ($82.84 billion) in August, bouncing from a 50 billion yuan contraction in July but lagging analysts' forecasts, according to Reuters calculations based on data released by the People's Bank of China. Analysts poll...Reuters
2 hours ago
China says fiscal support will remain flexible, debt ratio stays reasonable
BEIJING, Sept 12 (Reuters) - China's fiscal policy has ample room, the government's debt ratio remains "reasonable" and risks are controllable, finance minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up the economic growth.The world's second-larges...Reuters
2 hours ago
Global EV sales growth slows to 15% in August, research firm says
By Jesus Calero Sept 12 (Reuters) - Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday.China's EV sales growth, which average...Reuters
2 hours ago
REFILE-Plane carrying South Korean workers detained in US lands at Incheon airport
INCHEON, South Korea, Sept 12 (Reuters) - A chartered plane carrying some 300 South Koreans, who were detained in a large-scale U.S. immigration raid at a battery project site, landed at Incheon airport on Friday, TV footage showed.Their return capped a week of intense negotiations by Seoul to win t...Reuters
4 hours ago
ECB's Villeroy is not ruling out a further rate cut
PARIS, Sept 12 (Reuters) - ECB policymaker Francois Villeroy de Galhau said on Friday he could not rule out further monetary policy easing in the coming meetings of the European Central Bank."There is no predetermined path but another rate cut is entirely possible at the coming meetings," Vi...Reuters
5 hours ago
