Economy

While the annual headline figure is still some way below the 11% it peaked at two years ago after the outbreak of the Ukraine war, the fact that it has aggressively risen above the Bank of England’s 2% medium-term target could prove problematic for the central bank given the hefty public spending increases in the…

China is widely expected to leave its benchmark lending rates unchanged on Wednesday, a Reuters poll showed, as rate cuts a month earlier squeeze banks’ profitability and the yuan comes under fresh pressure as Donald Trump returns to the White House.

The start of IRS transactions follows the recognition by the International Swaps and Derivatives Association of the benchmark – the overnight reference rate (ORR) – which the Bankers Association of the Philippines helped establish.

Malaysia’s economic growth slowed in the third quarter – after reaching an 18-month high in the previous quarter – as a drop in oil and gas output offset a surge in investment activity and resilient household spending.

The head of Taiwan’s central bank said on Thursday that he doubted that U.S. President-elect Donald Trump’s new administration would penalise Taiwan given the island’s central role in the semiconductor industry.

Australia’s Prime Minister Anthony Albanese said he told U.S. President-elect Donald Trump the United States has a trade surplus with Australia and it was in Washington’s interest to “trade fairly” with its ally, while the defence minister highlighted Australia’s record spending on security.

Regulators are developing a proposal that would enable major cities, such as Shanghai and Beijing, to reduce the deed tax for buyers to as low as 1%, down from the current rate of up to 3%, the report added.

It was the second consecutive quarter-on-quarter rise but it is still too early to sound the all-clear, VDP said. Prices may move sideways in the coming quarters, and further setbacks are possible given a weak economy and geopolitical risks.

China’s new yuan loans are expected to fall sharply in October from September, a Reuters poll showed on Friday, signalling weak credit demand even as the central bank ramps up policy stimulus to buttress the economy.

Germany would be the big loser if a Trump presidency sparked a tit-for-tat trade war between the United States and Europe, with Germany’s previously much-envied industrial strength potentially becoming an acute vulnerability.