Economy News

Bank of Japan chief signals no rush to raise rates further

BoJ will raise rates if underlying inflation approaches 2%

Fed's rate cut offers limited relief for US factories facing China competition

Lower rates won't alleviate supply chain issues, high raw material prices, and labour unrest

France facing 'one of worst deficits' in its history: Minister

Deficit is expected to reach 5.6% or more of national output this year

Indonesia to launch central counterparty clearing house next week

Move aims to integrate Indonesia’s currently fragmented and segmented money and foreign exchange markets

UAE, Malaysia to sign free trade pact in October

First round of negotiations began in October 2023

UK's Reeves rules out return to 'austerity' with more upbeat economic message

Reeves says spending will grow over course of government

WTO to examine China complaint over US electric vehicle subsidies

Beijing and Washington are locking horns over a series of trade issues

Eurozone business activity unexpectedly contracts in September, PMI shows

Euro falls sharply on bets of further interest rate cuts

Growth softens across UK businesses in September, PMI shows

Economists broadly saw the data as pointing to a return to a more sustainable growth

Upbeat UAE CEOs set to boost headcount

Some 56% of UAE CEOs expect returns on ESG investments within 3 to 5 years