China’s big banks post rise in Q3 profits, squeeze on NIM
China’s largest lenders posted a rise in third-quarter profits on Wednesday, although margins were slimmer for some. The frontrunner was…
India’s April-September fiscal deficit at 29% of full-year target
India’s fiscal deficit for April-September was 4.75 trillion rupees ($56.50 billion), or over 29% of the estimate for the financial…
Yellen says tailoring bank rules helpful, but strong capital requirements needed
U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of…
UK economy forecast to grow 2.0% in 2025, finance minister says
Britain’s economy is forecast to grow by 2.0% next year, finance minister Rachel Reeves said on Wednesday, citing the latest…
Hong Kong sees fresh record home buying by mainland Chinese, realtor says
Hong Kong saw fresh records of home-buying from mainland Chinese in the first three-quarters following efforts by the financial city…
Workers launch strikes as Germany frets over industrial future
Thousands of German workers launched nationwide strikes to press for higher wages on Tuesday, compounding problems for companies worried about…
French economy expanded 0.4% in Q3 with Paris Olympics, INSEE says
French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024, from 0.2% in the second quarter,…
S.Korea’s export growth set to slow for third month as demand for chips cool: Reuters poll
South Korea’s export growth is expected to have slowed for a third straight month in October on signs of cooling…
UK’s Reeves raises taxes by most since 1993 in first Labour budget
Britain’s new finance minister Rachel Reeves announced the biggest tax increases in three decades in her first budget, as she…
China’s Xi urges govt officials to push for reform, meet targets
Chinese President Xi Jinping urged senior provincial government officials to “pool their strength” to pursue the country’s reform goals, the…