(Bloomberg) — Gilbert Kaplan, a key figure in enforcing trade rules for the Trump administration as undersecretary for international trade at the U.S. Commerce Department, resigned on Thursday, according to people familiar with the matter. A spokesperson for the Commerce Department declined to comment, and Kaplan couldn’t be immediately reached. His resignation came on the […]
(Bloomberg) — Japan’s key gauge of inflation dropped to the lowest level since 2017, the latest indication of the difficulty faced by the Bank of Japan in generating price growth as speculation grows that it may add to its stimulus as early as next month. Consumer prices excluding fresh food rose 0.5% in August from […]
(Bloomberg) — The Bank of Japan made sweeping cuts to bond purchases a day after saying it wants a steeper curve and won’t allow a prolonged decline in yields. Having kept its policy settings unchanged on Thursday, the central bank used its regular operation on Friday to lower buying across three maturity zones. That saw […]
(Reuters) – Incoming European Central Bank President Christine Lagarde said that global growth is ‘fragile’ and ‘under threat’, the AFP news agency reported on Thursday.The former International Monetary Fund chief, who is due to take over from ECB President Mario Draghi on Nov. 1, said central bankers must be ‘predictable’ and focus on stability, according […]
Germany eyes carbon price of 30 euros a tonne in transportation, housing: sources BERLIN (Reuters) – German government officials are discussing the introduction of a carbon emission price of roughly 30 euros a tonne for the transport and housing sectors, three people familiar with the negotiations told Reuters on Thursday. The German government is bracing […]
By Kylie MacLellan LONDON (Reuters) – The British government said on Friday it wanted to hear from businesses and members of the public what their priorities were for a post-Brexit trade deal with Japan. Japan is one of Britain’s biggest foreign investors, encouraged by successive British governments who have promised a business-friendly base from which […]
BERLIN (Reuters) – Germany expects tough negotiations on the introduction of new energy taxes in the European Union, a senior official said on Thursday, as the bloc considers higher prices for carbon emissions as a way to achieve its climate protection targets. Over the last decade, EU countries have led a global shift towards renewable […]
Saudi Arabia joins IMF’s SDDS standard for official statistics: SPA DUBAI (Reuters) – Saudi Arabia joined the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) for publishing government financial and economic data, state news agency SPA reported on Thursday. “This standard will contribute to the availability of real-time and comprehensive statistics leading to increased […]
© Reuters. Dome of the U.S. Capitol Building WASHINGTON (Reuters) – The U.S. House of Representatives approved a stopgap funding measure on Thursday that would avoid a government shutdown by maintaining current spending levels through Nov. 21. The action sends the measure to the U.S. Senate for consideration. To take effect, the legislation would need […]
Brazil to free up 12.5 billion reais to ease budget squeeze: source BRASILIA (Reuters) – Brazil’s government will free up 12.5 billion reais ($3 billion) of discretionary spending in its latest bi-monthly spending and revenue report, an Economy Ministry source told Reuters on Thursday. The move, to ease the pressure on departmental budgets following spending […]