“ BANGKOK (Reuters) – Thailand’s Finance Minister Pichai Chunhavajira stated on Tuesday that the country’s inflation target should be set higher than 1%, as he prepared to meet with the central bank governor to negotiate a new target range. Pichai and Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput, along with other officials, are scheduled to … Read more
HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more
By Michelle Nichols The United States issued a warning to Iran at the United Nations Security Council on Monday about potential “severe consequences” if Iran continues to engage in aggressive actions against Israel or U.S. personnel in the Middle East. U.S. Ambassador to the U.N. Linda Thomas-Greenfield stated, “We will not hesitate to act in … Read more
Volkswagen (ETR:) is planning to close at least three factories in Germany, lay off tens of thousands of staff, and reduce the size of its remaining plants in Europe’s largest economy as part of a more extensive restructuring than initially anticipated, according to the carmaker’s works council head. The decision comes as Volkswagen aims to … Read more
China has once again warned the European Union about the potential consequences of conducting separate negotiations with electric vehicle companies while simultaneously engaging in talks with China. The Chinese commerce ministry stated that such actions could “shake mutual trust” and disrupt the overall negotiations. This warning follows a similar one issued earlier this month and … Read more
“ Authorities in the Mexican state of Sinaloa reported on Sunday that at least 14 people were killed in a surge of violence that followed the arrest of drug trafficker Ismael “El Mayo” Zambada in the United States. Most of the killings occurred in Culiacan, the capital of Sinaloa state, according to the state attorney … Read more
The composition of Japan’s future government remains uncertain following a voter backlash against Prime Minister Shigeru Ishiba’s ruling coalition, leaving no party with a clear mandate to lead the world’s fourth-largest economy. This uncertainty has caused the yen currency to drop to a three-month low as investors and analysts brace themselves for days, or possibly … Read more
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A hugely pivotal week for world markets begins with investors in Asia already bracing for volatile trading in Japanese assets on Monday after Prime Minister Shigeru Ishiba lost his parliamentary majority in the country’s general election. Ishiba’s Liberal Democratic Party has … Read more
Israeli military strikes on Sunday resulted in the deaths of at least 45 Palestinians in the Gaza Strip, with most of the casualties occurring in the northern part of the enclave, according to Palestinian health officials. Concurrently, negotiations for a ceasefire in the long-standing conflict have resumed in Qatar, with the directors of the CIA … Read more
Georgia’s ruling Georgian Dream party secured over 54% of the vote in a parliamentary election, according to the electoral commission. The outcome is disappointing for pro-Western Georgians, who viewed the election as a choice between a ruling party that has strengthened ties with Russia and an opposition that aimed to accelerate integration with the European … Read more