By Ryan Woo and Ellen Zhang BEIJING (Reuters) – China’s economy rebounded at a faster-than-anticipated clip in the third quarter,…
World Bank sees Western Balkans economy growing 3.4% in’22, 2.8% in ’23
SARAJEVO (Reuters) – The World Bank on Monday rose its 2022 forecast of economic growth for six countries of the…
Philips to cut 5% of workforce as new CEO acts to counter falling sales
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Philips’ new CEO announced plans on Monday to cut around 4,000…
Analysis-Will they or won’t they? Japan uses guessing game to shore up yen
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities are relying heavily on psychological tactics to fight yen…
China appoints three policy bank executives after party congress
BEIJING (Reuters) – China has named Xu Shouben and Wang Weidong as vice presidents of China Development Bank (CDB), the…
U.S. hedge fund Third Point opens Tel Aviv office to scout investments
By Svea Herbst-Bayliss NEW YORK(Reuters) – Billionaire investor Daniel Loeb is searching for more promising startups and is setting his…
Australia’s Westpac sees $824 million hit in second half from unit sale
(Reuters) – Australia’s Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be…
China’s new home prices fall for second month on weak sentiment
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s September new home prices fell for the second straight month as…
No messing around with red-hot inflation: Five questions for the ECB
By Dhara Ranasinghe, Stefano Rebaudo and Kripa Jayaram LONDON (Reuters) – The European Central Bank meets on Thursday and appears…
Marketmind: BOJ steps up, Boris bows out, Xi stays put
A look at the day ahead in European and global markets from Wayne Cole. Yen intervention, UK politics, China data…