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Russia central bank, in surprise move, chops interest rate

Russia central bank, in surprise move, chops interest rate

Central bank cuts interest rate by 50 bps, sharper than expected; says global oil output cut deal eased inflation risks; central bank to keep on cutting rate in 25 or 50 bps steps; cut could help consumers feel good before election

Hedge funds can’t keep up with China’s surging stock market

Hedge funds can’t keep up with China’s surging stock market

It was a good year for hedge funds betting on rising and falling stocks in Greater China. Just not good enough to beat a spectacular market rally.

Hunt for next big Asia currency trade lands on ringgit and yuan

Hunt for next big Asia currency trade lands on ringgit and yuan

Malaysia’s ringgit and China’s yuan are emerging as Asia’s most-promising currencies for fund managers as they look for the best place to put their money in the New Year.

Strong Wall Street lifts Europe stock markets

Strong Wall Street lifts Europe stock markets

A defiant Wall Street lifted most European stock markets off their lows yesterday, with investors shrugging off jitters over whether much-vaunted tax reforms in the US will actually be passed.

Anger at new tax on Modi’s home turf shows why Monday is key

Anger at new tax on Modi’s home turf shows why Monday is key

Six months after Prime Minister Narendra Modi introduced a nationwide consumption tax to make India less corrupt, evasion is creeping in.

Japan business confidence  hits 11-year high: Survey

Japan business confidence hits 11-year high: Survey

Confidence among Japan’s biggest manufacturers is at an 11-year high, a key central bank survey showed yesterday, as the world’s number-three economy picks up pace.

BoJ to tweak message as dissenter calls for more easing: Sources

BoJ to tweak message as dissenter calls for more easing: Sources

A new dissenter on the Bank of Japan board calling for more stimulus has prompted the BoJ to adjust its communications to flag risks of additional easing, according to people familiar with the central bank’s discussions.

Are China’s cars finally going to make inroads in Western markets?

Are China’s cars finally going to make inroads in Western markets?

After a decade of development, often through buying or benchmarking foreign technology and know-how, Chinese automakers are looking with greater ambition at selling their cars in major Western markets.

India increases import tax on mobile phones to 15%

India increases import tax on mobile phones to 15%

India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.

Airbus shakes up management as corruption clouds gather

Airbus shakes up management as corruption clouds gather

European aircraft manufacturer Airbus announced a major shakeup of top management yesterday as it seeks to move on from a corruption probe.

Chinese firm planning to buy Total’s stake in Iran project

Chinese firm planning to buy Total’s stake in Iran project

China’s top oil and gas company CNPC is considering taking over Total’s stake in a giant Iranian gas project if the French company leaves Iran to comply with any new US sanctions, industry sources said.

UBS seen leaning to Blessing to succeed CEO Ermotti after revamp

UBS seen leaning to Blessing to succeed CEO Ermotti after revamp

UBS Group promoted Martin Blessing to lead its wealth unit, placing the relative newcomer as a potential successor to chief executive officer Sergio Ermotti.

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