Euro zone inflation eased in June because of more moderate energy price rises, but the slowdown was less than expected by markets and the core measure of price growth the ECB keenly watches increased by more than anticipated. The European Union’s statistics office Eurostat estimated that consumer prices in the 19 countries sharing the euro […]
Read moreOnline food takeaway company Delivery Hero appeared to whet investors’ appetite on Friday as its shares surged higher on the company’s stock market debut. “I’m glad we have had a good start but this is really about the long term… (it’s) about the next 10 to 15 years to build a very good service,” CEO […]
Read moreOne of India’s most ambitious economic reform plans in 70 years will ultimately boost tax receipts and provide simplicity for businesses, but the true impact may not be felt for at least a decade due to implementation challenges, experts said. After several rounds of deadlock in the parliament, India is set to roll out the […]
Read moreTesla Chief Executive Elon Musk said on Friday that he will make an announcement on the weekend about the release date for the highly-anticipated Model 3 car. The vehicle, which starts at around $35,000 making it the cheapest in Tesla’s range, was unveiled last year. But Musk said the actual production version of the Model […]
Read moreChina‘s growing influence on Hong Kong has triggered concerns and protests, but Beijing will want to keep the city politically stable given its economic importance to the mainland and appeal to Western firms looking to set up a base in the region, analysts said. “From Beijing’s perspective, Hong Kong is still very important as a […]
Read moreChina’s move to open up its fixed income market to foreign investors will eventually unleash “massive” demand for the mainland’s bonds, Charles Li, CEO of Hong Kong’s stock exchange, told CNBC on Friday. In May, regulators in Hong Kong and on the mainland approved a “bond connect” program to allow investors operating in Hong Kong […]
Read moreTwenty years ago, on the 30th of June 1997 the sovereignty of Hong Kong was reversed to China. Two days later, the devaluation of the Thai baht marked the start of the Asian crisis. At the time emerging markets (EM) assets had already underperformed developing markets (DM) assets for a number of years and the […]
Read moreThe U.S. Federal Reserve should defer on its rate hike agenda until concrete reforms emerge from Washington, according to one of its key policy makers. James Bullard, president of the St. Louis Federal Reserve, told CNBC Friday that weak data has undermined the Fed’s hawkish stance and the central bank should take a more reactionary […]
Read moreU.S. President Donald Trump will press South Korean President Moon Jae-in to solve trade differences over cars and steel in meetings in Washington focusing on the nuclear threat from North Korea. Concerns about the U.S. military’s THAAD missile defense system and China’s role in the region also are likely to come up in talks between […]
Read moreCurrency, United States Finance
UK Prime Minister May survives first test as government legislation passed
British Prime Minister Theresa May‘s Conservative minority government secured lawmakers’ backing for its legislative plans by a narrow margin Thursday, but only after making a sudden concession on abortion funding to stave off defeat. The House of Commons voted by 323 to 309 to approve last week’s Queen’s Speech, which laid out the government’s agenda […]
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