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Asian govts step up stimulus as economic growth stalls
SINGAPORE: Asian governments are starting to do their bit to revive economic growth as central banks gradually pull back on monetary policy easing.
Argentina's Fernandez signals policy shifts with new cabinet, economy chief
BUENOS AIRES (Reuters) - Argentine President-elect Alberto Fernandez unveiled his cabinet and new central bank chief on Friday evening, laying out his core team days before the centre-left leader takes office facing a stalled economy, rising debt fears and painful inflation.
Left-leaning congressman named Argentina's next agriculture minister
BUENOS AIRES (Reuters) - The next agriculture minister of grains powerhouse Argentina will be Luis Basterra, President-elect Alberto Fernandez said on Friday, an appointment met with some scepticism by farmers worried about a possible revival of interventionist policies.
Bank Negara foreign reserves remain at US$103.2bil
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves remained unchanged for three straight periods at US$103.2bil as at Nov 29 from Oct 31.
BIS wants central banks at centre of digital cash revolution
Central banks must embrace the revolution under way in digital money to ensure they remain at the heart of the global payments system.
Consumers in India turn most pessimistic in more than five years
MUMBAI: Consumer confidence in India dropped to its lowest since at least 2014, the year Prime Minister Narendra Modi came to power.
Mnuchin, Powell see no need for the US to issue digital currency
The Fed isn’t developing a digital currency but is studying the costs and benefits of such a move, US Federal Reserve Chairman Jerome Powell said.
NZ banks given seven years to raise capital buffers
WELLINGTON: New Zealand will require banks to increase capital by NZ$20bil (US$13 bil) to better withstand economic shocks, but extended the time they have to build up their buffers.
RBI surprises with pause as inflation spikes
MUMBAI: India’s central bank defied expectations for an interest rate cut, keeping borrowing costs unchanged to assess the effect of its policy after five reductions this year.
ECB says it may need its own digital euro if payments drive fails
The European Central Bank is willing to develop its own digital currency if the private sector can’t make cross-border payments faster and cheaper.