Author: FX

Ishiba kicked off his term as PM by saying Japan’s economy was not ready for further Bank of Japan rate hikes. He has back peddled, and did so again over the weekend:”It’s important to avoid vocally intervening” in monetary policy affairsOr even appear as if he was doing so”the Bank of Japan makes an individual decision on policy” “I believe the BOJ’s governor and staff have a strong sense of responsibility over achieving price stability”Ishiba threw in a few comments on the economy though:consumption needs lifting to help achieve a sustained departure from deflationreal wages need to boosted This article…

China’s consumer inflation rate fell in September.Producer price deflation deepened.This screenshot is from the free ForexLive calendar.China keep pumping out stimulus, Saturday:China offers few details on stimulus in Saturday’s press conferenceSunday brought confirmation of cuts to housing loans:Four of China’s biggest state-owned banks confirm mortgage rate cuts, beginning October 25Meanwhile, as you can see above, consumer prices are still struggling to hold out of deflation territory. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

BEIJING (Reuters) -China’s consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity. Finance Minister Lan Foan told a news conference on Saturday there will be more “counter-cyclical measures” this year, but officials did not provide details on the size of fiscal stimulus being prepared, which investors hope will ease deflationary pressures in the world’s second-largest economy. The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National…

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Oct. 12, 2024 8:30 PM ETiShares Global Clean Energy ETF (ICLN), QCLNPBW, ERTH, SMOG, PBD, TAN, FAN, CNRG, ACESBy: Carl Surran, SA News Editor GetYourPic/iStock via Getty Images Global carbon dioxide emissions generated by the energy industry should reach their peak this year before beginning to decline next year, but the transition to clean energy remains “too slow,” according to a new report earlier this week from risk Source link

Roman Tiraspolsky/iStock Editorial via Getty Images A federal bankruptcy judge has signed off on EV maker Fisker’s (OTC:FSRNQ) liquidation plan following last-minute talks to preserve the company’s $46M sale of its remaining 3K Ocean SUVs, according to media reports. US Bankruptcy Judge Thomas Horan in Wilmington, Delaware Source link

By Jeff Mason WASHINGTON (Reuters) -Vice President Kamala Harris, the Democratic presidential nominee, released a letter from her doctor on Saturday that pronounced her in good health and fit for high office, in an effort to draw a contrast with her counterpart, Donald Trump. In a memo distributed by the White House, the vice president’s physician, Joshua Simmons, said Harris’s most recent physical exam in April was “unremarkable,” that she maintains an active lifestyle and “very healthy diet” despite a busy schedule, suffers from seasonal allergies and sporadic hives, does not use tobacco and drinks alcohol only in moderation. “She…

The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an.The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy.Instead, the press conference was light on plans and details, including the value of stimulus. Officials highlighted significant borrowing capacity at the national level and pledge to “significantly increase” debt and said they were studying more counter-cylical measures.”There is still relatively big room for China to issue debt and increase the…

By Brad Brooks SIESTA KEY, Florida (Reuters) – Chris Fiore was supposed to be accepting delivery of new household appliances and furniture, replacing items that were swamped by Hurricane Helene just a few weeks ago.  Instead, the resident of Siesta Key, the Florida barrier island town where Hurricane Milton made landfall this week, was using a broom to push muck and seawater out of her ground-floor condo, a dream home she purchased just four years ago.  “There is no chance I’m pulling up stakes,” Fiore said on Friday, pointing out the waterline where ocean water earlier this week was two…

SINGAPORE (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Finance Minister Lan Foan told a news conference there will be more “counter-cyclical measures” this year, but officials did not provide details on the size of the fiscal stimulus being prepared, the key detail global financial markets have been thirsting for. Some investors fear China’s 2024 economic growth target and its longer-term growth trajectory may be at risk if more aggressive…