ECB’s Villeroy Sees No Big Inflation Hit From Trump Tariffs
Potential trade levies during a second Donald Trump presidency wouldn’t derail the European Central Bank’s easing plans, Governing Council member Francois Villeroy de Galhau said.
ADVERTISEMENT
Potential trade levies during a second Donald Trump presidency wouldn’t derail the European Central Bank’s easing plans, Governing Council member Francois Villeroy de Galhau said.
For years, Israelis were told that in the next war with Hezbollah, the Lebanese militia would fire thousands of rockets and missiles a day, overwhelming their air defenses, causing blackouts, death and destruction.
Fresh troubles at the Adani Group are posing a threat to US-based GQG Partners LLC, which took a contrarian bet on the conglomerate after a short-seller attack last year.
Kioxia Holdings Corp. plans to debut on the Tokyo Stock Exchange in mid-December at a value of about ¥750 billion ($4.8 billion), fast-tracking the move to stay relevant in the competitive memory sector.
India’s central bank will consider its job unfinished until inflation moderates around its 4% target on a durable basis, Governor Shaktikanta Das said.
Car sales in Europe are flatlining, leading manufacturers including Ford Motor Co. and Volkswagen AG to push for cost cuts in response to muted demand.
Ireland holds a general election on Nov. 29, with Prime Minister Simon Harris hoping to capitalize on a strong economy to secure another five years in power.
South Africa’s reserve bank is set to look past a sharp slowdown in inflation and only cut interests rates by a modest quarter percentage point, as new risks to its outlook emerge.
Egypt is poised to keep interest rates at a record high as it awaits the full inflationary impact of a fuel-price hike and the completion of a key International Monetary Fund review.
Chinese Premier Li Qiang is expected to meet with top foreign executives on Monday ahead of a supply chain expo in Beijing, just as companies brace for Donald Trump’s threat to hike tariffs on Chinese goods.
Starbucks Corp. is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.
Another quarter-point policy rate cut will help Philippine stocks recover amid uncertainty over Donald Trump’s policies, the head of the local bourse said on Thursday.
US prosecutors have charged billionaire tycoon Gautam Adani with involvement in a plan to pay more than $250 million in bribes to government officials in India for solar energy contracts, a move that stands to further roil his ports-to-power conglomerate. Here are some of the highlights from the 54-page indictment.
Chris Ellison, the managing director and founder of Mineral Resources Ltd., told shareholders that he deeply regretted actions that have been revealed in recent weeks, including not paying personal tax.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
As the worst air pollution in years descended on India’s capital this week, the country’s health minister was not in New Delhi coordinating a response. Instead, he was 800 miles away, campaigning in a state election.