We need to ‘take our time’ to get rate cuts right
The European Central Bank must take its time to get interest rate cuts right, the institution’s chief economist told CNBC, adding that companies should take a hit on profits to …
Central banking
Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump
A worker of Japanese automobile giant Toyota Motor assembles auto parts to newly designed Crown at the company’s Motomachi plant in Toyota city near Nagoya, central Japan on July 30, …
European Central Bank holds rates, hints at June cut
The European Central Bank on Thursday lowered its annual inflation forecast, as its confirmed a widely expected hold of interest rates. ECB President Christine Lagarde, meanwhile, suggested market pricing for …
Watch Fed Chair Powell testify live before Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell …
Australia and Vietnam upgrade relations, to begin talks on critical minerals
Vietnam Prime Minister Pham Minh Chinh and his wife Tran (R) stand with Australian Prime Minister Anthony Albanese (2nd L) and his fiancee Jodie Haydon (L) during an official welcoming …
Jeremy Hunt set to deliver crucial pre-election budget announcements
Berenberg: Tax cuts unlikely to help economic recovery, or Conservatives’ electoral hopes LONDON – March 15, 2023: Tens of thousand of striking teachers are joined by workers from other striking …
Turkish annual inflation soars to 67% in February
The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the …
Wall Street takes bets on which major central bank will blink first
A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock …
Chinese investment bank joins chorus of experts as calls for fiscal stimulus intensify
A leading Chinese investment bank has amplified calls for Beijing to bolster fiscal support to consumers and businesses, citing a relative gulf in effect for pandemic-era stimulative actions taken by …
German central bank losses soar, wiping out risk provisions
Joachim Nagel, president of Deutsche Bundesbank, during the central bank’s “Annual Report 2023” news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty Images Losses …