By Howard Schneider and Francesco Canepa
WASHINGTON (Reuters) - Six months ago the world's major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.
Rate cuts are "a topic of discussion out in the world and also a discussion for us," Federal Reserve Chair... (continue reading...)
A look at the day ahead in European and global markets from Wayne Cole.
A muted start to the week in Asia with Chinese data too mixed to provide much momentum as political uncertainty in Europe lurks in the background.
At least Chinese retail sales topped forecasts with a rise of 3.7% on the year, likely boosted by the May holidays, but industrial output and fixed-asset investment both underwhelmed.
Also worrying was data... (continue reading...)
CANBERRA (Reuters) - Highly pathogenic avian influenza has spread to a seventh poultry farm near Melbourne, the government of Australia's Victoria state said on Monday.
Six of the properties have an H7N3 flu strain and a seventh has an H7N9 strain, it said. Neither is the H5N1 type of avian flu that has infected billions of wild and farmed animals globally and raised fears of human transmission.
"Restricted and control areas are in place... (continue reading...)
By Leika Kihara and Takahiko Wada
TOKYO (Reuters) - The Bank of Japan is likely to trim its monthly bond buying by around 2 trillion yen ($12.7 billion) in new guidance due next month, but forgo raising interest rates at least until September, former board member Makoto Sakurai said on Monday.
At its policy meeting on Friday, the BOJ decided to start trimming its huge bond purchases and announce a detailed plan in July on reducing its... (continue reading...)
By Francesco Guarascio and Khanh Vu
HANOI (Reuters) -Russian President Vladimir Putin will visit Hanoi this week, multiple officials said, highlighting Communist-ruled Vietnam's loyalty to Russia and triggering a U.S. rebuke.
The visit follows Hanoi avoiding a Ukraine peace summit in Switzerland last weekend, while sending its deputy foreign minister to a BRICS meeting in Russia earlier last week.
Putin, who was sworn in for a... (continue reading...)
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