Investment Banks Rush To Cut Yuan Forecasts, 7 Per Dollar At Risk
Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next month's politically sensitive Party Congress despite authorities' efforts to slow the slide.
Thai Headline CPI Meets Forecast In August, May Have Peaked
Thailand's headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with forecast and reinforcing expectations of a further interest rate hike later this month.
IMF Calls For EU Fiscal Capacity, Rules To Be Linked To Risk
The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and let independent fiscal councils play a bigger role in policy, the International Monetary Fund said on Monday.
Go Big Or Even Bigger?: Five Questions For The ECB
European Central Bank policymakers meeting on Thursday have a choice between a big 50 basis point interest rate hike, or an even bigger one to contain record high inflation.
Rate Hikes Unlikely To Dent Housing Demand In India, Bengaluru To Lead Price Rises - Reuters Poll
The buoyant outlook for India's housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade, a Reuters poll of property market analysts found.
India's Services Activity Grew Faster In Aug; Hiring At Over 14-yr High
India's dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more than 14 years, a private survey showed.
Price Pressures From Indonesia Fuel Hike To Subside In Nov - Official
Indonesia's government predicts inflation will pick up in the next two months after its weekend decision to raise fuel prices, but would normalise in November and the measure would have minimal impact on economic growth, an official said on Monday.
Britain's Truss Expected To Be Named Conservative Leader, New PM
Liz Truss is expected to be named leader of the governing Conservative Party and Britain's next prime minister on Monday, poised to take power at a time when the country faces a cost of living crisis, industrial unrest and a recession.
S.Korea Braces For 'Very Strong' Typhoon, Businesses Curb Operations
Typhoon Hinnamnor neared South Korea on Monday, forcing flight cancellations, suspensions of some business operations and closures of schools, as the country raised its typhoon-alert level to its highest.
Russian Gas Cut Pushes Euro Toward New Lows
The euro fell and was testing a two-decade low on Monday after Russia's indefinite closure of its main gas supply pipeline to Europe stoked fears of energy shortages, high prices and a hit to growth, while the U.S.
Oil Prices Climb More Than $1/bbl Ahead Of OPEC+ Meeting
Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.
Suntory Eyes U.S. Canned Cocktail Push As Young Japanese Shun Booze
Japanese drinks giant Suntory Inc last year debuted a strong, lemony brew in Australia that quickly became the top seller in the canned cocktail market there.
Asia Shares Ease, Euro Slugged By Energy Crisis
Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices.
Era Of Through-the-roof House Prices In Australia Set To End: Reuters Poll
Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.
OPEC+ To Weigh Rollover Or Small Cut At Monday Meeting, Sources Say
OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday, five OPEC+ sources said, although some sources would not rule out a small production cut to bolster prices that have slid due to fears of an economic slowdown.
Bed Bath & Beyond CFO Plunges To Death At New York's Jenga Tower
Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said, just days after a lawsuit alleged he was involved in a "pump and dump" scheme.
Lawmaker On Jan. 6 Probe Panel Expects Mike Pence To Testify Voluntarily
Rep. Jamie Raskin said on Sunday that he expected former Vice President Mike Pence to testify voluntarily before the committee.
FEMA Says Too Early To Say When Mississippi Water Plant Will Be Fixed
It is too early to say when a water treatment plant in Mississippi's state capital of Jackson that failed last week leaving tens of thousands of people without clean tap water can be fixed, the head of the U.S.
Sweden, Finland To Offer Liquidity Guarantees To Energy Firms
Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity guarantees to energy companies in their countries after Russia's Gazprom shut the Nord Stream 1 gas pipeline, deepening Europe's energy crisis.
Factbox-Europe's Efforts To Shield Households From Soaring Energy Costs
Europe faces massive increases in energy bills driven by rocketing gas prices as the Ukraine conflict and European sanctions on Russia heighten concerns over gas supplies.
Israeli Survivors Remember Munich Olympic Massacre, 50 Years On
Ankie Spitzer was 26 years old when her husband Andre, a coach of the Israeli fencing team, was killed by Palestinian gunmen at the 1972 Munich Olympics, 50 years ago this week, and the memories of that day have dominated her life ever since.
No Time To Waste, Worried Italian Business Leaders Warn Politicians
Italy cannot afford weeks of political inertia after an election this month, business chiefs said, adding that sky-high energy prices are already forcing more and more firms to curtail production.
Italy's EU Funding Plan Can Be Modified - Meloni
Italy should not take on more debt to respond to the energy crisis but it should be able to amend its European Union-backed recovery programme to ease pressures, Brothers of Italy leader Giorgia Meloni said on Sunday.
Flood-hit Pakistan Breaches Largest Freshwater Lake To Avert Overflow
Authorities in flood-hit Pakistan strategically breached the country's largest freshwater lake on Sunday, a minister said, displacing up to 100,000 people from their homes but saving more densely populated areas from gathering flood water.
Germany's Scholz Announces 65 Billion Euro Inflation-busting Package
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
UK PM Favourite Truss Promises Immediate Action On Energy
British foreign minister Liz Truss said on Sunday she would set out immediate action in her first week in power to tackle rising energy bills and increase energy supplies if she is, as expected, appointed prime minister.
John Paul I, 'Smiling Pope' For A Month, Moves Towards Sainthood
Pope John Paul I, who died in 1978 after only 33 days as pontiff, moved closer to sainthood on Sunday with the Vatican still having to dismiss lingering conspiracy theories that he was a victim of foul play.
Ukraine Nuclear Plant Loses Power Line, Moscow Makes Europe Sweat Over Gas
A nuclear power plant on the front line of the Ukraine war again lost external power, U.N.
Kenya's Top Court To Rule On Disputed Presidential Election
Kenya's Supreme Court will decide on Monday whether to uphold or nullify the result of last month's presidential election, a ruling anxiously awaited in a country scarred by previous bouts of poll-related violence.
Nine Migrants Die Trying To Cross Rio Grande River Into United States
Nine migrants died and 37 were rescued as they tried to cross the rain-swollen Rio Grande River into the United States near Eagle Pass, Texas, U.S. customs officials said.
