Don’t hold your breath for the press conference at the European Central Bank (ECB) in Frankfurt, Germany. Expect no proverbial “market-moving news” simply because there are no economic developments that would warrant a departure from an easy credit stance. The euro zone is experiencing a core rate of inflation between 0.9 percent and 1.2 percent. […]
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Meet the new euro zone finance chief, who’s promising a fresh response for the embattled region
Mario Centeno, the incoming president of the Eurogroup, underlined his vision for the region and said that “time and patience is of essence” to reform the euro zone. The current finance minister of Portugal is taking over one of the most important positions in the euro zone on January 13. Among the many decisions that […]
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Brexit will be a key challenge for 2018, says next euro zone finance chief
The U.K.’s departure from the European Union is among the top concerns for the euro area going into 2018, the incoming Eurogroup chief told CNBC. “Brexit is a challenge and it’s a challenge that is a negative shock certainly for all these economies,” Mario Centeno, the incoming Eurogroup president told CNBC exclusively Wednesday. The Eurogroup […]
Read moreChina’s relationship with South Korea has been testy since Seoul allowed the deployment of a U.S. anti-missile system on domestic soil, but that may soon change as the world’s second-largest economy needs a few favors from its neighbor too. South Korean President Moon Jae-in arrived in Beijing on Wednesday and will meet Chinese President Xi […]
Read moreChina summoned Australia‘s ambassador to lodge a complaint last week over Canberra’s allegation that Beijing had sought to interfere in Australian politics, a source familiar with the diplomatic action told Reuters on Thursday. Relations between Australia and China became strained in recent weeks after Canberra said it would ban foreign political donations as part of […]
Read moreChina’s fixed-asset investment growth slowed to 7.2 percent in the January-November period, while industrial output expanded at a faster pace than markets had expected. Analysts polled by Reuters had correctly predicted investment growth of 7.2 percent, cooling from the 7.3 percent rate in the Jan-Oct period. Private sector fixed-asset investment rose 5.7 percent in January-November, […]
Read moreChina’s central bank on Thursday raised interest rates for its reverse repos and medium-term lending facility (MLF) loans by 5 basis points, hours after an anticipated U.S. Federal Reserve rate hike. Source: cnbc china China lifts market rates, following move by Fed
Read moreChina just took over a port in India’s backyard, and now it looks like India is countering the move. Some 25 miles (40 kilometers) away from a Chinese-operated port in southern Sri Lanka lies an airport that’s been dubbed the world’s emptiest. India, unruffled by the vacant terminals, is looking to snatch up the under-used […]
Read moreChina is hitting back at countries expressing concerns about the East Asian country’s rising influence in their domestic affairs. While some friction between China and the West was natural, recent comments by certain countries accusing Beijing of meddling in local matters were “logically absurd” and took the “moral low ground,” Communist Party-linked Global Times on […]
Read moreMicrosoft is in a race with the tech giants to make its software smarter. At a briefing with reporters on Wednesday, the company showed some of its new intelligent features that are being embedded in its productivity apps, virtual assistant and search engine. Artificial intelligence is becoming a regular theme for Microsoft when it comes […]
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