JAKARTA (Reuters) – Indonesian authorities are monitoring the financial market situation in China, finance minister Sri Mulyani Indrawati said on Thursday, and warned that property firm China Evergrande’s debt woes could...
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Brazil raises interest rates, signals third big hike next month
BRASILIA (Reuters) – Brazil’s central bank on Wednesday raised interest rates by 100 basis points and flagged a third straight hike of that size in October as it battles surging inflation with the world’s most aggressive...
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Australians find silver lining in lockdowns as wealth booms
SYDNEY (Reuters) – Australians are finding a silver lining to lockdowns as super-cheap credit lifts the value of homes and shares to record highs, a windfall of wealth that gives consumers the means to spend big once restrictions...
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California governor signs legislation to protect warehouse workers
(Reuters) -California Governor Gavin Newsom on Wednesday signed a bill that limits warehouse employers like Amazon.com Inc from setting productivity quotas, the first legislation of its kind in the United States. The new provisions...
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Erdogan’s waning patience: Four questions for Turkey’s central bank
By Jonathan Spicer and Nevzat Devranoglu ISTANBUL (Reuters) -Turkey’s central bank has begun setting the stage for an interest rate cut long sought by President Tayyip Erdogan, although most analysts don’t think it will pull...
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Supply chain snarls could cost automakers $210 billion this year, forecast finds
By Joseph White DETROIT (Reuters) – Global automakers could lose $210 billion in revenue this year because of supply chain disruptions, nearly double a forecast earlier this year, consulting firm Alixpartners said Thursday. A...
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