China’s finance ministry reaffirmed it will increase public spending with a greater focus on boosting consumption to support the economy next year, ahead of growth headwinds from looming US tariffs. China will “expand the magnitude of fiscal spending and accelerate the spending pace,” according to a statementBloomberg Terminal published Tuesday following a two-day national conference…
China signaled further stimulus measures including raising its budget deficit ratio in 2025 at a key economic meeting that sets policy priorities for the coming year. Top officials led by President Xi Jinping also vowed to deliver rate cuts and lower the reserve requirement for banks during a two-day huddle of the Central Economic Work…
Bold signals from China’s policy makers this week have led to some high expectations for the stimulus to come. On the back of strong commitments from the Communist Party’s decision-making body to boost growth with a “more proactive” fiscal policy and a shift to a “moderately loose” monetary stance, economists are saying China may raise…
French stocks enjoyed a brisk relief rally this week after months of underperformance. But this could turn out to be a blip as France’s political crisis is set to drag on while the country’s stretched public finances will keep long-term investors at bay. In a year when most of the world’s major stock markets handed…
(Bloomberg) — Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to angst over the country’s budget. Most Read from Bloomberg The package, detailed by Finance Minister Fernando Haddad on Thursday, sent the currency tumbling to an all-time low, and stocks…
President-elect Donald Trump’s nomination of Scott Bessent to oversee the US Treasury is taking some heat out of the dollar’s recent rally. The US currency weakened against all Group-of-10 peers with the euro, pound and Aussie leading the gains against the greenback. The Mexican peso, Thai baht and Chinese yuan outperformed among emerging market currencies….
US inflation last month was a touch stronger than forecast, helping to consolidate market bets that the Federal Reserve will opt for a smaller interest-rate cut in November. In Germany, Europe’s largest economy, orders placed with manufacturers tumbled by the most since the start of the year. The UK economy returned to growth and the…