Economy

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s central bank slashed rates by 50 basis points on Wednesday and said policy is still restrictive even though inflation has returned to target,…

SINGAPORE (Reuters) – Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the…

By Brigid Riley TOKYO (Reuters) – The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high…

SHANGHAI (Reuters) – Mainland China stocks opened sharply lower Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to…

Investing.com– The Reserve Bank of New Zealand cut interest rates by 50 basis points on Wednesday as expected, citing continued progress towards stabilizing inflation, and the need to shore up…

(Reuters) – Federal Reserve Vice Chair Philip Jefferson on Tuesday said the U.S. central bank’s half-percentage-point interest-rate cut last month was aimed at keeping the labor market strong even as…

(Reuters) – The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and…

By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as…

By Suban Abdulla LONDON (Reuters) – British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns…

By Alden Bentley NEW YORK (Reuters) – A look at the day ahead in Asian markets. Wall Street got back on track Tuesday, encouraged that the Fed seems confident enough…