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MARKETS were widely anticipating that President Donald Trump would use his speech to the Economic Club of New York on Tuesday to trumpet progress on reaching the first phase of a trade deal with China.
BERLIN (Reuters) - Germany needs massive investments in infrastructure and the government should be prepared to make them even if it means running a budget deficit, aspiring Social Democrat (SPD) leader Norbert Walter-Borjans said on Tuesday.
BENGALURU: Commonwealth Bank of Australia (CBA) said margin pressure from record-low interest rates would persist as the country’s biggest bank reported a near 10% drop in first-quarter cash profit.
SANTIAGO (Reuters) - Chile's finance minister warned on Tuesday of the "grave consequences" for the nation's economy of three weeks of often violent unrest, after the peso slid 4% to hit a historic low against the dollar.
BEIRUT (Reuters) - The United Nations urged Lebanon on Tuesday to form a competent new government better able to seek international aid after weeks of protests against the ruling elite, warning the country was in a critical financial and economic situation.
SYDNEY: Commonwealth Bank of Australia said margin pressure from record-low interest rates would persist as the country's biggest bank reported a near 10% drop in first-quarter cash profit on Tuesday.
BEIRUT (Reuters) - Lebanon's central bank, seeking to shore up battered confidence in the financial system amid the worst economic crisis in decades, said on Monday bank deposits are secure and it had the ability to preserve the stability of the pegged Lebanese pound.
DUBAI: Sputtering progress toward a trade deal and signs of weakness in the Chinese economy are looming as the biggest threats to the wave of optimism spreading across emerging markets.
FRANKFURT: Germany’s recent glimmer of hope after a year of industrial doldrums risks coming too late to prevent wider weakness from taking hold.
PETALING JAYA: The 50bps cut in statutory reserve requirement (SRR) is expected to release RM7.4bil of liquidity into the banking system, said a research house.