HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) kept the base rate it charges via its overnight discount window unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
The U.S. central bank held interest rates steady on Wednesday, and Federal Reserve Chair Jerome Powell's comments after the decision dented confidence that borrowing costs would begin to fall in September.
HKMA said Hong... (continue reading...)
BANGKOK (Reuters) -Thailand's economy slowed in June compared with the previous month following an earlier acceleration, as exports and industrial production declined and tourism revenues also fell, the central bank said on Monday.
Industrial production declined, with automotive production consistent with the fall in exports and domestic sales, the Bank of Thailand said in a statement.
Exports, a key driver of the economy, grew 16.1% in June... (continue reading...)
(Reuters) -European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements.
The pan-European Stoxx 600 index was up 0.3% by 0715 GMT. It is on track to end the month 1.6% higher as easing trade worries, better-than-expected U.S. and European economic data and largely upbeat earnings reports bolstered... (continue reading...)
(Reuters) -U.S. President Donald Trump intensified his trade war with Canada a day ahead of his August 1 deadline for a tariff agreement, saying it would be "very hard" to make a deal with Canada after it gave its support to Palestinian statehood.
Trump is set to impose a 35% tariff on all Canadian goods not covered by the U.S.-Mexico-Canada trade agreement if the two countries do not reach an agreement by the deadline.
"Wow! Canada has just... (continue reading...)
(Reuters) -French consumer prices rose slightly more than anticipated in July, preliminary data from statistics agency INSEE showed on Thursday.
France's harmonised inflation rate, adjusted for comparison with other euro zone countries, was +0.9% year-on-year in July.
A Reuters poll of 18 analysts had on average expected a rate of +0.8%, with estimates ranging from +0.4% to +1.0%.
(Reporting by Michal Aleksandrowicz)
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