Economy
Germany needs reform and investment to overcome recession, says IMF Europe head
Germany needs both structural reforms and more investment in public infrastructure to overcome recession, the European head of the International Monetary Fund said in an interview with Sueddeutsche Zeitung.
China again warns EU against separate talks with EV makers
China renewed warnings to the European Union that if the bloc conducts separate negotiations with electric vehicle companies while in talks with China, that would “shake mutual trust” and interfere with the overall negotiations, Chinese commerce ministry said on Monday.
EU, China agree to more talks on potential alternatives to EV tariffs
The European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles, although significant gaps remain, the European Commission said on Friday.
China opposes US sanctions on companies over attack drones for Russia
China firmly opposes unilateral sanctions and long-arm jurisdiction without the basis of international law and the authorization of the UN Security Council,” ministry spokesperson He Yadong said at a press briefing.
Tesla to report, TI’s income, Starbucks suspends guidance – what’s moving markets
US stock futures wavered around the flatline on Wednesday as investors digested the first busy day of the third-quarter earnings season and looked ahead to more corporate results this week.
Fed rate cuts should help to sustain US economic growth: UBS
While wage growth has eased since its 2022 peak, it remains higher than any point in the decade before the pandemic. However, despite this strength in labor data, business and consumer surveys have reflected weaker sentiment.
Brazil’s central bank chief sees ‘huge’ de-anchoring of inflation expectations
Brazil’s central bank chief Roberto Campos Neto on Monday highlighted a “huge” de-anchoring of inflation expectations in the country, adding that it is “very important” to bring inflation back to the 3% target, and policymakers are committed to doing so.
European stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts dollar
The European Central Bank is expected to make its first back-to-back rate cut in 13 years, and with markets pricing another cut in December, the tone and guidance in the press conference at 1245 GMT will be closely watched, even though some analysts do not always find President Christine Lagarde’s remarks helpful.
Namibia central bank cuts key rate again to help growth
Namibia’s central bank cut its main interest rate for the second meeting in a row on Wednesday, saying inflation had fallen surprisingly quickly and that the economy needed more support.
Turkish economy to cool more than government expects
Turkey’s economy will grow 3% this year and next, lower than the government’s recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant inflation.