Fed’s Bowman: need steady policy rate ‘for some time’ to beat inflation
U.S. Federal Reserve Governor Michelle Bowman on Tuesday reiterated her view that holding the policy rate steady “for some time”…
China hits back at West’s over-capacity allegations in EVs, lithium batteries
China’s Premier Li Qiang used his address at a World Economic Forum meeting in Dalian to hit back at accusations…
China’s financial stability law improves provisions regarding financial risk prevention, state media says
The draft of China’s financial stability law has improved the provisions relating to prevention and disposal of financial risks, China’s…
US house prices increase steadily in April -FHFA
U.S. single-family home prices increased at a steady clip in April, but momentum could slow as higher borrowing costs weigh…
Worsening water crisis can weigh on India’s sovereign credit strength, Moody’s says
India’s worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the…
ECB could take action against firms in bond portfolio in climate fight
The European Central Bank said on Tuesday it plans to set emission reduction targets for its vast corporate bond portfolio…
European banks leaving Russia would hurt Western and Russian companies, Kremlin says
European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to…
India’s Adani Group to increase capex to $15.6 bln in fiscal 2025, CFO says
Indian ports-to-power conglomerate Adani Group will increase capital expenditures in fiscal year 2025 to 1.3 trillion rupees ($15.6 billion) from…
Bank of Japan opens door for a hawkish double surprise
The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think,…
Decision on Germany’s 2025 budget postponed, say government sources say
The German government no longer expects the cabinet to reach an agreement on the 2025 draft budget by a July…