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
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.
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.
Six months after Prime Minister Narendra Modi introduced a nationwide consumption tax to make India less corrupt, evasion is creeping in.
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.
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.
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 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.
European aircraft manufacturer Airbus announced a major shakeup of top management yesterday as it seeks to move on from a corruption probe.
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 Group promoted Martin Blessing to lead its wealth unit, placing the relative newcomer as a potential successor to chief executive officer Sergio Ermotti.