World Trade

Asian shares are up on China stimulus and UK expectations of a fiscal U-turn

SYDNEY (Reuters) Asian shares climbed on Friday, as expectations of a bigger Chinese stimulus as well as speculation of a…

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Lyft is testing a new payment algorithm to attract motorists (Oct. 11,)

(This is an Oct. 11 report that has been updated to remove paragraphs 7 and 8 which refer to an…

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Monte Dei Paschi will hold its seventh cash call in the past 14 years. 

Monte dei Paschi di Siena (MPS) set the terms for a cash call it will make on Monday for up…

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Analysis: China is facing its “Sputnik moment” because US export restrictions are hurting its plans to make chips. 

Shanghai: Experts say that China will have its “Sputnik moment” because the U.S. won’t let it export chip equipment to…

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The yen is at its lowest level since 1998, and sterling is holding its breath. 

Singapore: On Thursday, the yen was stuck near a new 24-year low, and the pound lost some of its overnight…

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In a scramble for cash, British pension funds ask the Bank of England (BoE) to buy more bonds. 

London: Pension plans in the UK are rushing to get hundreds of billions of pounds to cover their derivatives positions…

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The governor of the Philippines central bank says that the bank’s policies are still “accommodative.” 

Manila: The governor of the Philippines central bank said on Wednesday that the bank’s monetary policy settings will not change.…

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Sri Lanka will keep its “middle-income” status, but it will ask for cheaperloans.  loans. 

Sri Lanka will stay a middle-income country, but it will ask the World Bank for some loans that are usually…

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After the case for U.S. rate hikes gets stronger, the dollar goes up.

LONDON/SYDNEY – On Monday, the dollar went up a little bit as investors looked ahead to inflation data later in…

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The ECB is working to bring inflation down to 2% in the next two to three years. 

The European Central Bank (ECB) is working to bring inflation down to 2% in “two to three years,” said Francois…

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