Euro zone money markets are not fully pricing in an interest rate rise from the European Central Bank until October 2019, having earlier this week priced in a hike for September next year.
Bank of Japan Governor Haruhiko Kuroda warned of the need to be mindful of risks to the country’s moderate economic expansion, such as the rising tide of protectionism and volatile financial markets.
China will be able to reach its full-year economic growth target of around 6.5 percent in 2018 even as downward pressure increases, and will be able to maintain steady growth next year, a spokesman of the country’s statistics bureau said.
India’s central bank increased lenders’ single borrower exposure limit for non-banking financial companies (NBFCs) which do not finance infrastructure, to 15 percent of capital funds.
A potential extension of the dollar’s gains against emerging-market currencies in the next few months presents long-term investment opportunities in India, Indonesia and Mexico, according to Vanguard Group Inc.
The government is expected to come out with a comprehensive gold policy soon to promote the metal industry and the gems and jewellery sector, which is a major contributor to the export basket, sources said.
China’s third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations
The United States and China urge the global trade body to form expert group to look into the legality of tariffs imposed on imports between them
The Enforcement Directorate has served a show-cause notice on NDTV for allegedly flouting foreign exchange regulations in availing of overseas and foreign direct investment facilities of over Rs 4,300 crore