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Bank of England Expected to Keep Interest Rates Steady

The Bank of England is widely anticipated to maintain interest rates at their current level of 4.75% at a meeting later today, reports the BBC. This decision comes despite inflation rising for the second consecutive month to 2.6% in the year to November, exceeding the Bank's

Bank of Japan Stands Pat, Keeping Rates Unchanged

The Bank of Japan (BOJ) on Thursday opted to keep its accommodative monetary policy unchanged, maintaining its key policy rate at 0.25% for the third consecutive meeting, reports Nikkei Asia. The decision, while expected, comes as the Japanese economy shows uneven performance and consumer inflation signals a potential cooling

Trump Tariffs Could Cut China's Growth by More Than Half: Report

The potential impact of President-elect Donald Trump's proposed tariffs on Chinese imports could be devastating for the Chinese economy, potentially pushing its growth rate below 2% by 2035, warns a new report from the Japan Center for Economic Research (JCER). The report, released Wednesday, outlines two scenarios: a

Fed Cuts Rates But Signals Caution as Trump Uncertainty Looms

The Federal Reserve cut interest rates on Wednesday, as widely expected, but Chair Jerome Powell indicated that further reductions in borrowing costs will be more cautious going forward, signaling a new era of uncertainty under the incoming Trump administration, reports Reuters. Powell's emphasis on a more measured approach

JPMorgan Shifts Focus to Australian Bonds as European Rally Cools

The remarkable run in European government bonds is nearing its end, prompting JPMorgan Asset Management to shift its focus to Australia, reports Bloomberg. The firm's portfolio manager Kim Crawford believes that further gains in European debt are limited, given that interest rate cut expectations from the European Central

UK Factories Plunge into Recession, Adding to Economic Woes

British manufacturers experienced their sharpest decline in output since the COVID-19 pandemic in late 2020, signaling a deepening economic slowdown, reports Reuters. The Confederation of British Industry's (CBI) monthly industrial trends survey, released Wednesday, revealed a significant drop in output and a darkening outlook for the sector. The

Australia's Budget Deficit Widens as Government Increases Spending

Australia's government will face larger budget deficits in the coming years, driven by increased spending on healthcare, cost-of-living support, and veterans' care, reports Reuters. Despite trimming this year's deficit forecast, the Labor government is prioritizing public spending to navigate a slowing economy and upcoming elections.

UK Inflation Hits Eight-Month High, but Services Inflation Holds Steady

British inflation surged to an eight-month high in November, reaching 2.6%, as reported by Reuters. However, the rise in services prices, a key indicator of underlying inflationary pressures closely watched by the Bank of England (BoE), remained steady at 5.0%, offering some respite to the central bank. The

OPEC+ Wary of Renewed US Oil Output Surge Under Trump: Reuters

The prospect of increased US oil production under a second Trump presidency has OPEC+ on edge, reports Reuters. The producer group, responsible for about half of the world's oil output, fears that a resurgence in US shale oil production could further erode their market share and hinder their

South Korea's M&A Market Collapses as Investment Drops 40%

South Korea's merger and acquisition (M&A) market experienced a dramatic downturn in 2024, with investment plummeting by approximately 40 percent compared to last year, reports Yonhap News Agency. According to data from corporate research firm CEO Score, the combined M&A investment by the top