ECB cuts interest rates by 25 bps, as expected
- The European Central Bank cut interest rates at its meeting on Thursday, as widely expected, and signaled the likelihood of further easing in 2025 as the eurozone’s...
India's November retail inflation eases, boosts rate cut hopes
By Nikunj Ohri NEW DELHI (Reuters) -India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central...
Expectations of new tariffs in 2025 prompts Wells Fargo to cut US growth forecast
-- The increased likelihood of new tariffs in 2025 has led Wells Fargo (NYSE:WFC) to cut its US economic growth forecast for the year. The bank now projects real...
SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade
By John Revill BERN (Reuters) -The Swiss National Bank cut its interest rate by 50 basis points on Thursday, its biggest reduction in almost 10 years, responding to weaker than...
India's October industrial output at 3-month high of 3.5% y/y
NEW DELHI (Reuters) -India's industrial output rose to a three-month high of 3.5% year-on-year in October, helped by a pickup in consumer durables and garment manufacturing during...
Pope Francis calls for new global accords on debt, military spending
By Joshua McElwee VATICAN CITY (Reuters) -Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by low-income countries and a shift in...
Germany to grow between 0.4% and 1.1% in 2025, Ifo Institute says
By Maria Martinez BERLIN (Reuters) - Germany will grow by only 0.4% next year if it fails to overcome structural challenges but can achieve 1.1% growth if the right economic...
SNB slashes interest rate by 50 basis points
The Swiss National Bank (SNB) executed its largest interest rate cut in nearly a decade on Thursday. The central bank's decision to reduce its policy rate by 50 basis points, from...
China's Nio, behind on growth targets, aims to tighten cost control
SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio (NYSE:NIO) will seek to improve efficiency and cost control as it seeks to spur sales growth that is two years behind...
ECB decision, Adobe, Bitcoin - what's moving markets
-- Wall Street is seen trading slightly lower Thursday, with disappointing sales guidance from software giant Adobe weighing on sentiment. Bitcoin has climbed above...