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Economy

Economy

Morning Bid: Wall St near records as central banks end 2024 with rate cuts

A look at the day ahead in U.S. and global markets by Samuel Indyk The stellar year for U.S. stock markets took…
Economy

US data has Fed striding toward rate cut next week, and tip-toeing into 2025

By Howard Schneider WASHINGTON (Reuters) – Investors view it as a near given that the U.S. Federal Reserve will cut interest rates…
Economy

Germany faces lethargic growth, potential hit from Trump, Bundesbank says

FRANKFURT (Reuters) – Germany’s economy will shrink for the second year in a row this year and its recovery will be lacklustre,…
Economy

India’s November retail inflation eases, boosts rate cut hopes

By Nikunj Ohri NEW DELHI (Reuters) -India’s retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest…
Economy

Pope Francis calls for new global accords on debt, military spending

By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by…
Economy

Trump crypto venture partners with platform linked to Middle East militants

(Reuters) – A crypto venture recently unveiled by U.S. President-elect Donald Trump and his new Middle East envoy, billionaire Steve Witkoff, has…
Economy

India’s October industrial output at 3-month high of 3.5% y/y

NEW DELHI (Reuters) – India’s industrial output rose 3.5% year-on-year in October, government data showed on Thursday. Economists polled by Reuters had…
Economy

China vows to issue more debt, cut interest rates next year

By Ellen Zhang and Kevin Yao BEIJING (Reuters) – China pledged on Thursday to increase the budget deficit, issue more debt and…
Economy

Bank of Canada cuts main interest rate to 3.25%

OTTAWA–In a move to mitigate slower economic growth and a weakening labor market, the Bank of Canada has reduced its main interest…
Economy

Nasdaq hits 20,000 for first time as AI rally rages on

(Reuters) – The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on…
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