Posted inEconomy
Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%
The Bank of England (BoE) announced a reduction in the Bank Rate to 4.75%, marking the second cut in its current easing cycle. This move comes as a cautious approach…
Posted inEconomy
Factbox-European companies cut jobs as economy sputters
(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since…
Posted inEconomy
Putin on Trump, the Ukraine war and Russia’s economy
MOSCOW (Reuters) – Following are some of the key quotes from Russian President Vladimir Putin’s annual phone-in and news conference. ON TRUMP Well, first of all, I don’t know when…
Posted inEconomy
Cautious Fed enters new phase as focus swings back to inflation
Investing.com — The Federal Reserve reduced its benchmark interest rate by 25 basis points on Wednesday, marking the third consecutive cut but signaling caution about the pace of future reductions.…
Posted inEconomy
ECB should continue small rate cuts, Patsalides tells Reuters
Investing.com — The European Central Bank (ECB) should maintain a strategy of implementing small, gradual interest rate cuts, according to Cypriot policymaker Christodoulos Patsalides. He expressed his views on Thursday…
Posted inEconomy
Philippines central bank cuts rates again, signals more ahead
Investing.com — The Central Bank of the Philippines (BSP) has cut its rates by 25 basis points to 5.75%, marking the third consecutive meeting at which rates have been reduced.…
Posted inEconomy
Fed cutting cycle could be almost over, BofA analysts say
Investing.com — As widely expected, the Federal Reserve announced a 25 basis points (bps) rate cut at its December meeting, bringing the target federal funds rate down to a range…
Posted inEconomy
Here are the key takeaways from Putin’s annual press conference
Investing.com — On Thursday, Russian President Vladimir Putin expressed readiness for a dialogue with U.S. President-elect Donald Trump, while also discussing Russia’s economic and military status. Putin did not provide…
Posted inEconomy
Putin says Russia’s economy is overheating, inflation is worrying
By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) – The Russian economy is showing signs of overheating which is stoking worryingly high inflation, President Vladimir Putin said on Thursday. Addressing…
Posted inEconomy
No need for ECB to start stimulating growth, Patsalides says
By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank should keep cutting interest rates by small increments and there is no need to ease policy to a level that…