European Central Bank set for third interest rate cut of the year in meeting this week
Markets are eyeing two more rate cuts from the euro area’s central bank this year amid a weak growth outlook and lower inflation.
Nobel economics prize for 2024 awarded to Daron Acemoglu, Simon Johnson and James Robinson
The winner of the award, officially the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel,” receives $1 million.
UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment
U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.
European markets little changed as the new trading week kicks off
European stocks were little changed on Monday, with regional markets searching for direction after a choppy week last week.
China’s exports and imports grew far less than expected in September
China was expected Monday to report a slowdown in export growth in September versus August.
Macao’s next leader wants to wean its economy off gambling
Slated to become Macao’s leader, Sam Hou Fai says he will continue to steer its economy away from gaming and gambling.
China property stocks jump after Beijing proposes measures to lift troubled sector
The rally came after China’s Ministry of Finance outlined new policy measures focused on stabilizing the beleaguered real estate.
International investors descend on London as Labour tries to woo new business to Britain
Uncertainty around the event and suspected tax changes in the upcoming budget has left many investors in the dark.
CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line
With a snap of its fingers, the producer price index assuaged worries over inflation remaining stubborn.
China’s Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo’an laid out four measures, starting with increasing support for local governments in resolving debt risks.
