By Mike Dolan LONDON (Reuters) -The U.S. dollar’s accelerating decline from the heady highs of 2022 has a ways to go yet – but the speed of the drop may build a case for a soft landing of[...]
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January 18, 2023
Davos 2023: Saudi Arabia changing no-strings aid, minister says
By Maha El Dahan and Yousef Saba DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday the kingdom is changing the way it provides assistance to allies, shifting[...]
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Most Chinese provinces set growth targets of above 5% in 2023
BEIJING (Reuters) – Most Chinese provinces aim for economic growth of above 5% this year, pledging to focus on boosting consumption following a lifting of stringent COVID curbs, according to loc[...]
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Analysis-Japan’s yen feels the heat from hard-line BOJ policy
By Rae Wee SINGAPORE (Reuters) – Japan’s yen, long favoured as a safe-haven and funding currency, has in recent weeks become so enmeshed in market speculation over central bank policy that[...]
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Bank of Japan keeps yield control policy unchanged
TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massiv[...]
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BOJ defies market bets for policy tweaks, yen tumbles
(Corrects fiscal year in paragraph 17 to March 2025 (not 2024) By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, includi[...]
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UK inflation edges down to 10.5% in December, food prices surge
By David Milliken LONDON (Reuters) – British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households rema[...]
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Davos 2023: Saudi finance minister says China ‘very important’, U.S. ‘strategic partner’
DAVOS, Switzerland (Reuters) – Saudi Arabia’s finance minister said on Wednesday that China “is very important for Saudi” and its largest trade partner, “but also the U.S[...]
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ECB’s Villeroy reaffirms determination to get inflation down to around 2% -Bloomberg TV
PARIS (Reuters) – European Central Bank (ECB) member Francois Villeroy de Galhau reaffirmed on Wednesday his determination to bring inflation in the euro zone down to around 2% by 2024 or 2025.[...]
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