ECB’s Panetta says consensus growing on need for rate cut
There is growing consensus within the European Central Bank over the need for a first rate cut as inflation is…
US core capital goods orders rise; higher borrowing costs a constraint
New orders for key U.S.-manufactured capital goods rebounded more than expected in April and shipments of those goods also increased,…
European banks in Russia face ‘awful lot of risk’, Yellen says
U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is…
Global equity funds see strong weekly inflows on U.S. rate cut hopes
Global equity funds secured robust inflows in the week ended May 22, driven by optimism over slowing inflation and expectations…
German economy leaves stagnation behind
The second estimate didn’t change anything; the German economy left the period of stagnation behind in the first quarter of…
Goldman Sachs pushes back predicted timing of possible Fed rate cut to September
Analysts at Goldman Sachs have pushed back when they expect the Federal Reserve to cut interest rates this year, citing…
Implementation of global minimum tax deal is Germany’s priority, Finance Minister says
The implementation of the second pillar of the global minimum tax deal is Germany’s priority and further ideas should not…
Turkey’s Erdogan says fiscal policy will not stoke inflation
Turkish fiscal policy will not add to inflationary pressure as the country begins to experience some disinflationary relief in the…
‘Qatar-China trade grew 3.7% to $6.8bln in Q1’
Minister of Commerce and Industry, H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, headed Qatar’s delegation participating in…
G7 reaffirms warning against excess currency volatility in nod to Japan
Finance leaders of the Group of Seven (G7) advanced nations on Saturday reaffirmed their commitment to warn against excessively volatile…