TLE DESK: Italian bank Monte dei Paschi di Siena (MPS) has completed the first stage of its attack on rival Mediobanca, as it seeks to create the country’s third largest banking group. […]
Category: Economy
Judge overturns Trump funding cuts to Harvard
TLE DESK: A US judge ordered the Trump administration on Wednesday to overturn deep funding cuts to Harvard University that froze more than $2 billion over allegations of antisemitism and bias at […]
Asia markets down as gold hits fresh high
TLE DESK: Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. […]
South Korea posts record semiconductor exports in August
TLE DESK: South Korea recorded its highest ever monthly semiconductor exports in August despite growing pressure from US tariffs and other restrictions on the crucial sector, government data showed Monday. Seoul recorded […]
‘Serious danger’ if Trump controls US monetary policy: ECB chief
TLE DESK: European Central Bank chief Christine Lagarde said Monday that it would be very dangerous for the global economy if US President Donald Trump took control of US monetary policy, reports […]
Alibaba soars but Asia markets dip
TLE DESK: Chinese ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from record highs. Alibaba rocketed 15 percent following bumper […]
China manufacturing shrinks in August despite new US trade truce
TLE DESK: factory output ticked up in August but still recorded a fifth straight month of contraction, official data showed on Sunday, as trade talks with the United States continue ahead of […]
South Korea’s central bank holds key interest rate
TLE DESK: South Korea kept interest rates unchanged Thursday while nudging its growth forecast slightly up, as the country faces high house prices and uncertainty over US President Donald Trump’s tariff war. […]
Japan confident on wind power after Mitsubishi blow
TLE DESK: Japan remains optimistic about the adoption of renewable energy despite Mitsubishi pulling out of three big offshore wind projects, the government said Thursday. Blaming high costs, Mitsubishi said Wednesday it […]
25 countries suspend postal services to US over tariffs: UN
TLE DESK: The UN postal agency said Tuesday that 25 countries had decided to suspend package deliveries to the United States, as concern grows over the impact of President Donald Trump’s looming […]