Analysis-Markets are betting China will let yuan fall as Trump takes power, but not much
SINGAPORE (Reuters) – Financial markets are betting China will not use the yuan as a policy tool to offset expected U.S. tariffs in a second Donald Trump presidency, based on a view that sharp depreciation like that seen in his
UK financial regulator pledges to help government boost growth
LONDON (Reuters) -Britain’s Financial and Conduct Authority (FCA) said on Friday it would collaborate with the government on a new approach that supports economic growth, after finance minister Rachel Reeves called on regulators to remove barriers to growth. “We want to
Truist beats quarterly profit estimates on investment banking gains
(Reuters) – Truist Financial (NYSE:TFC) on Friday exceeded Wall Street estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened. A resilient economy, declining interest rates and expectations of relaxed regulations under the Trump administration
Euro-zone services inflation expected to drop in 2025, Capital Economics says
On Friday, new data confirmed that euro-zone headline inflation experienced a slight increase from 2.2% in November to 2.4% in December, while the core rate remained steady at 2.7%. Services inflation saw a marginal rise from 3.9% to 4.0%. Despite the