McConnell: U.S. debt limit solution must come from Biden, McCarthy

U.S. Senate Republican Leader Mitch McConnell (R-KY) speaks during an event to tout the new Brent Spence Bridge over the Ohio River between Covington, Kentucky and Cincinnati, Ohio near the bridge in Covington, Kentucky, U.S., January 4, 2023. REUTERS/Kevin LamarqueWASHINGTON (Reuters) – Any agreement to address the U.S. debt ceiling and avoid a first-ever default by Washington will have to […]

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Japan's Kishida rules out changing policy agreement with BOJ

FILE PHOTO: Japanese Prime Minister Fumio Kishida speaks during a news conference at the prime minister’s official residence in Tokyo, Japan, August 10, 2022. Rodrigo Reyes Marin/Pool via REUTERSTOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday brushed aside the chance of adding wage growth as a new monetary policy goal the government and the central bank should pursue to […]

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Analysis-Investors left scratching heads as ECB bosses spar on outlook

FRANKFURT (Reuters) – The European Central Bank’s top economic thinkers are sparring over the outlook for inflation and rates, leaving investors scratching their heads over the ECB’s next policy moves.FILE PHOTO: A woman walks past the European Central Bank (ECB) headquarter as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown and a demand by the German […]

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Euro zone consumer confidence rises to -23.9 in November

FILE PHOTO: The sun sets behind the skyline of Frankfurt, Germany, July 3, 2022. REUTERS/Kai Pfaffenbach/File Photo(Reuters) – Euro zone consumer confidence rose by 3.6 points in November from the October number, figures released on Tuesday showed. The European Commission said a flash estimate showed euro zone consumer morale improved to -23.9 this month from a revised -27.5 in October. […]

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Blackrock shelves China bond ETF – FT

(Reuters) -Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday. The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision. According to one of the people, the move was […]

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Japan companies hold firm on capex plans with focus on tech- Reuters poll

TOKYO (Reuters) – A majority of Japanese firms plan to focus their capital spending on technology next year, with investment plans largely unaffected by a plunge in the yen, a Reuters monthly poll showed.FILE PHOTO: Workers check the machinery at the factory of aircraft component manufacturer Aoki in Higashiosaka, Japan June 22, 2022. REUTERS/Sakura MurakamiWhile overall pessimism about the economic […]

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China can maintain positive interest rates with economic growth – central bank

BEIJING (Reuters) -China will be able to maintain normal monetary policy and positive interest rates for as long as possible with its potential economic growth likely to stay within a reasonable range, its central bank governor said.FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason LeeThe world’s […]

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China central bank says yuan to remain stable, hopes for soft landing in housing market

HONG KONG/SHANGHAI (Reuters) -China’s central bank governor said on Wednesday that the yuan will remain stable against a basket of currencies and expressed hopes for a soft landing in the country’s property market.FILE PHOTO: Governor of People’s Bank of China (PBOC) Yi Gang attends a news conference on China’s economic development ahead of the 70th anniversary of its founding, in […]

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China central bank has policy tools to guide yuan expectations – ex-PBOC official

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/IllustrationSHANGHAI (Reuters) – China’s central bank still has many policy tools to guide yuan expectations and the currency is unlikely to have persistent sharp depreciation, a former People’s Bank of China (PBOC) official said. The remarks by Sheng Songcheng, the former head of the […]

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