Bank of Korea to cut rates on Jan. 16, may ease just once this quarter amid political turmoil: Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will cut its base rate by a quarter-point on Thursday, a month earlier than previously expected, to support a struggling South Korean economy amid risks from political uncertainty, according to a
Australia consumer sentiment index dips 0.7% in Jan
SYDNEY (Reuters) – Australian consumer sentiment dipped for a second month in January as financial stress dominated at the start of the new year, a survey showed on Tuesday, suggesting spending will remain subdued in the near term. The Westpac-Melbourne Institute
Traffic falls in New York City after $9 congestion fee introduced
(Reuters) – New York City transit officials said on Monday that traffic fell by 7.5% last week and 273,000 fewer cars entered Manhattan’s central business district after the United States’ first congestion pricing fee took effect on Jan. 5. “The early
Six EU countries call for lowering of G7 price cap on Russian oil
BRUSSELS (Reuters) -Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow’s revenues to continue the war in Ukraine
Argentina markets look to rate cut, crawling peg to add fuel to New Year rally
By Walter Bianchi BUENOS AIRES (Reuters) – Investors in Argentina are betting on a potential interest rate cut and a slower ‘crawling peg’ for the local peso will prolong a market rally fueled by the pro-market policies of President Javier Milei