Battered Hong Kong faces economic recession, existential crisis By Noah Sin and Lukas Job HONG KONG (Reuters) – As one of the world’s most important trade and business hubs, Hong Kong was always going to struggle this year because of the escalating U.S.-China tariff war. But after three months of anti-government protests, the semi-autonomous Chinese […]
MILAN (Reuters) – Italy’s deficit for next year is on track to be well below target with public finances going much better than expected, outgoing Economy Minister Giovanni Tria said on Sunday. “Even under current laws, without other measures, the 2020 deficit would be substantially below the 2.1% of GDP (forecast back in April),” Tria […]
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina´s newly appointed Treasury Minister Hernan Lacunza defended the use of Central Bank reserves to ward off further depreciation of the peso following presidential primaries earlier this month, according to interviews published in local media on Sunday. “There´s no point in having these reserves if the dollar is […]
BEIJING (Reuters) – China’s central bank issued detailed rules on Sunday on interest rates on mortgage loans, following its reform to switch to a market-based reference rate for pricing new loans. Effective from Oct. 8, banks will set individual housing loans based on the new loan prime rate (LPR), the People’s Bank of China said […]
FRANKFURT (Reuters) – Germany’s Christian Social Union (CSU), the sister party of Chancellor Angela Merkel’s Christian Democrats (CDU), are planning to launch a climate bond to help fund its efforts to reduce emission targets. “Climate change needs billions of euros of investment in climate friendly technologies,” Alexander Dobrindt, a senior lawmaker from the CSU Bavarian […]
© Reuters. G7 summit in Biarritz By Jeff Mason BIARRITZ, France (Reuters) – When President Donald Trump said on Sunday that he had second thoughts about escalating the trade war with China, he meant that he wished he had raised tariffs on Beijing even higher, the White House said. Trump, who announced higher tariffs on […]
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyo. (Reuters) – Global central bank chiefs know their job is to keep the economy out of the ditch. What became clear at the U.S. Federal Reserve’s central banking conference in Jackson Hole, Wyoming, over the past couple of days is that not only do other people […]
BIARRITZ, France (Reuters) – President Donald Trump on Sunday said he hoped a new U.S. trade deal with Canada and Mexico would be put to a vote in the U.S. congress soon. Canadian Prime Minister Justin Trudeau, meeting with Trump on the sidelines of a G7 summit in France, said the deal was a good […]
By Jeff Mason and William James BIARRITZ, France (Reuters) – U.S. President Donald Trump promised a big trade deal for post-Brexit Britain to Boris Johnson on Sunday and praised the new prime minister as the right man to take Britain out of the European Union. Johnson, who faces a delicate task of assuaging European allies […]
By William James BIARRITZ, France (Reuters) – Prime Minister Boris Johnson used a pre-G7 summit phone call to U.S. President Donald Trump to demand he lower trade barriers and open up parts of the U.S. economy to British firms, citing a wide range of markets from cars to cauliflowers. The two spoke on Friday ahead […]