ECB should avoid things that worsen the economy, Italy PM says
ROME, Dec 29 (Reuters) – Italy’s Prime Minister Giorgia Meloni on Thursday said the European Central Bank should avoid making “pejorative choices” and communicate well...
Gold price soars in Egypt as local currency weakens
CAIRO, Dec 27 (Reuters) – The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency...
BOJ Kuroda dismisses near-term chance of exiting easy policy
BOJ’s decision to widen yield band not step toward exit – Kuroda Kuroda projects higher wages, change in price-setting behaviour Fate of joint statement decided...
How 2022 shocked, rocked and rolled global markets
World stocks down 20% in worst year since financial crisis Bond market has been pounded as rates have risen Wild swings in commodity and FX...
Japan’s consumer inflation hits fresh 40-year high, eyes on BOJ policy
Nov core CPI up 3.7% yr/yr, matches forecast Data shows broadening price hikes, wage outlook key Analysts project upgrade to BOJ’s quarterly price f’casts Some...
Japan to unveil record $864 bln budget driven by military costs
TOKYO, Dec 23 (Reuters) – Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed...
Japan to consider revising Abe-era deflation fighting mandate – sources
Revision may heighten chance of tweak to BOJ’s ultra-easy policy Yen jumps, JGBs come under selling on prospects of policy tweak BOJ must stand ready...
Chinese leaders to signal more stimulus for 2023 as COVID clouds outlook
BEIJING, Dec 13 (Reuters) – When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps,...
China’s producer prices fall, consumer inflation slows on soft demand
PPI falls for a second month Nov PPI -1.3% y/y vs -1.3% y/y in October Nov CPI +1.6% y/y vs +2.1% y/y in October BEIJING,...
Global equity funds record biggest weekly outflows in three months
Dec 9 (Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could...