Bank Indonesia delivers surprise rate cut to support growth
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing to prop up growth in Southeast Asia’s largest economy despite financial market volatility that has sharply weakened the rupiah currency. Bank
UK banks resist mortgage rate hikes amid money market turmoil
By Sinead Cruise and Lawrence White LONDON (Reuters) – Britain’s banks are accepting smaller profit margins and bigger risks on UK mortgage lending as stress in sterling money markets stretches into a second week, industry sources said, with appetite to lend
Futures muted with CPI, bank earnings ahead – what’s moving markets
Investing.com – US stock futures are steady ahead of the publication of a crucial US inflation report and the release of quarterly earnings from several banking giants. Economists predict that a gauge of consumer price growth that could play into the
US importers rush in goods from China as Trump tariff threat looms
By Lisa Baertlein and Ellen Zhang LOS ANGELES/BEIJING (Reuters) – U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump’s plan to impose new tariffs that could