Economy

NAIROBI (Reuters) -Kenya’s central bank cut its benchmark lending rate to 12.00% on Tuesday, from 12.75%, the bank’s monetary policy committee (MPC) said, adding that the move was aimed at…

By Marcela Ayres BRASILIA (Reuters) -Brazil President Luiz Inacio Lula da Silva’s nominee to lead the central bank starting next year, Gabriel Galipolo, said on Tuesday that the leftist leader…

By David French (Reuters) – Investment banker John LaVoie is joining Citigroup to head up its U.S. West Coast private equity dealmaking unit, according to an internal memo seen by Reuters…

BEIJING (Reuters) -China’s commerce minister on Tuesday raised “serious concerns” with U.S. Secretary of Commerce over U.S. semiconductor policies towards China and restrictions on Chinese connected vehicles, calling for sanctions…

By Nell Mackenzie LONDON (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale (OTC:SCGLY) note showed on Tuesday, thanks to…

By Gabriel Burin (Reuters) – Brazil’s consumer prices are expected to have risen in September after staying little changed in August, due partly to a severe drought which has hit…

By Indradip Ghosh BENGALURU (Reuters) – The European Central Bank (ECB) will cut its deposit rate by 25 basis points on Oct. 17 and again in December, according to more…

By Jan Strupczewski LUXEMBOURG (Reuters) – Hungary will hold up a final deal on a $50 billion G7 loan to Ukraine until after the U.S. presidential election by delaying its…

LONDON (Reuters) – Global physically backed gold exchange-traded funds (ETFs) registered a fifth consecutive month of inflows in September as North America-listed funds added to their holdings, the World Gold…

By Leika Kihara TOKYO (Reuters) – Japan’s new economy minister, Ryosei Akazawa, said on Tuesday the government has trust in the central bank’s decision on how soon to raise interest…