Latest in European Central Bank likely to cut rates while weighing US trade concerns and France's chaos
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India's central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.CNBC - 6d -
Trump tariffs a bigger concern than martial law crisis, says Korean central bank chief
Governor highlights US president-elect’s threats and intensifying competition from Chinese exportersFinancial Times - 6d -
France in political chaos as Paris gears up for the reopening of Notre Dame Cathedral
As French President Emmanuel Macron prepared for the reopening of the Notre-Dame Cathedral, he faces calls to step down after his prime minister resigned and the government collapsed.NBC News - 6d -
Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut
A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.MarketWatch - Dec. 5 -
Effort to cut federal workforce takes aim at key US jobs engine
Government and healthcare have emerged as biggest source of American employment, particularly for knowledge workersFinancial Times - Dec. 5 -
Marc Andreessen helps to recruit staff for Musk’s US cost-cutting body
Venture capitalist has role in interviewing and identifying candidates for new Department for Government EfficiencyFinancial Times - Dec. 5 -
Is the Biden-era blockade on US bank M&A finally over?
Investors and advisers prepare for consolidation among country’s thousands of regional lendersFinancial Times - Dec. 5 -
ETF that amplifies bet on US market leaders highlights concerns
The iShares S&P 500 Top 20 ETF would serve investors expecting biggest constituents to maintain dominanceFinancial Times - Dec. 5 -
Woman who likely fell into sinkhole while searching for her cat isn't expected to be found alive
The effort to locate a Pennsylvania grandmother who appears to have fallen through a sinkhole into a decades-old mine shaft while she was searching for her cat has most likely shifted from a rescue ...NBC News - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Watch live: Fed Chair Jerome Powell discusses central bank independence, crypto at Dealbook conference
The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.CNBC - Dec. 4 -
UN human rights expert raises concerns about US charges against climate protesters
Mary Lawlor criticizes US’s failure to respond to concerns after Alex Connon and John Mark Rozendaal charges. A leading UN human rights expert has expressed dismay after the US government failed to ...The Guardian - Dec. 4 -
Why France's turmoil is grave concern for Europe
There's no end in sight to the political instability as French PM Barnier faces a no-confidence vote.BBC News - Dec. 4 -
BoE governor expects four UK rate cuts next year as inflation eases
Andrew Bailey welcomes better than expected fall in price growth in FT interviewFinancial Times - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
France's political chaos casts long shadow over economic growth
"At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow," ING analysts said.CNBC - Dec. 4 -
Amid political chaos, Bank of Korea says it will boost short-term liquidity and deploy measures to stabilize the FX market
The announcement came shortly after the BOK held an emergency board meeting.CNBC - Dec. 4 -
China bans exports of key microchip elements to US as trade tensions escalate
Semiconductor restrictions on China announced by Washington a day earlier prompt retaliation involving critical minerals including gallium and germanium . The Chinese government has said it will ...The Guardian - Dec. 4 -
MLB rumors: Juan Soto nearing decision as bidding clears $600 million, Cardinals likely to trade Nolan Arenado
MLB's hot stove is heating up as Juan Soto gets closer to a choiceCBS Sports - Dec. 4 -
US has 'grave concern' as South Korea imposes, then overturns, martial law
Officials from the White House, Pentagon and State Department all said they were in close contact with their South Korean counterparts as they assessed the situation.ABC News - Dec. 3 -
Kospi heavyweight stocks fall in volatile trade amid political chaos
South Korean heavyweight stocks fell in a volatile trading session Wednesday amid market jitters triggered by a political upheaval.CNBC - Dec. 4 -
Bank of America signs again with FIFA for US-hosted Club World Cup that still has no TV deals
Bank of America has teamed with FIFA for a second timeABC News - Dec. 3 -
UK band Sports Team robbed at gunpoint in California while on US tour
Van belonging to popular indie group reportedly ransacked by thief waving gun outside Starbucks in Vallejo. The British band Sports Team were robbed at gunpoint Tuesday while on the US leg of their ...The Guardian - Dec. 3 -
'It feels like a coup' - chaos sparks worry in South Korea
One Seoul resident said the president's shock announcement on Tuesday felt like "a coup d'état".BBC News - Dec. 3 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.CNBC - Dec. 3 -
The most expensive US property for sale is a mere $295m – and likely to flood
The sprawling Florida mansion sits in one of the most vulnerable places in the US to climate-driven disasters. A sprawling Florida mansion set beside a powdery white sand beach overlooking the ...The Guardian - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most experts now believe ...NBC News - Dec. 3 -
Japan’s Nomura bank boss takes 30% voluntary pay cut after worker tries to kill customer
Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients. Business live – latest updates The boss of the Japanese bank Nomura has ...The Guardian - Dec. 3 -
Hedge funds profit from ‘Trump trades’ around US election
Element Capital and Graham Capital among macro managers that did well out of recent market swingsFinancial Times - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2