Analysis-Central Europe's policymakers try to call time on rate hikes

Central European policymakers are seeking to end a cycle of interest rate hikes running since last year even as inflationary pressures remain and the world's major central banks keep pursuing higher rates.

newspaper

27-09-2022

Developer Sunac China seeks to extend payment for 4 billion yuan bond for the 3rd time-sources

Struggling Chinese property developer Sunac China is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the third time by pushing out the deadline by another 6 months, two sources with knowledge said on Tuesday.

newspaper

27-09-2022

World Bank cuts 2022 East Asia growth outlook, cites China slowdown

Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday.

newspaper

27-09-2022

Ireland aims to ease cost of living squeeze with 'two budgets in one'

Ireland will deliver what ministers have called two budgets in one on Tuesday, making the usual spending increases and tax cuts while also helping firms and consumers pay soaring energy bills in what they hope will be a one-off intervention.

newspaper

26-09-2022

Pakistan’s new finance minister wants to take country out of ‘economic rut’

KARACHI, Pakistan (Reuters) -Pakistan prime ministerial aide Ishaq Dar said on Monday he would take up the role of finance minister for the fourth time, adding that he wanted to get Pakistan out of its economic rut and stressing he wanted a strong and stable rupee.

newspaper

26-09-2022

Likely Pakistan finance minister, fourth time around, looks back to the future

KARACHI, Pakistan (Reuters) -The likely new finance minister in crisis-hit Pakistan said on Monday he wanted a stable and strong rupee, which rose ahead of his formal appointment, and that he would like to pick up the economy where he left it during his 2017 tenure in the same job.

newspaper

26-09-2022

BMW expects slight growth in 2023, cuts Germany gas intake by 15%

BERLIN (Reuters) -BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday.

newspaper

26-09-2022

BMW sees slight growth in 2023, cuts Germany gas intake by 15%

BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday.

newspaper

26-09-2022

Pakistan rupee rises on hopes for new finance minister

KARACHI, Pakistan (Reuters) -Pakistan's rupee rose on Monday as investors anticipated the appointment as finance minister of Ishaq Dar, who in his previous spells in the job was known to favour a strong currency.

newspaper

26-09-2022