TOKYO Japan's prime minister unveiled a surprisingly large $265 billion (£202 billion) stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week.
NEW YORK A buoyant yen and U.S. oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates.
LONDON The Bank of England is almost certain to cut benchmark borrowing costs when it sets policy on Aug. 4, but a slim majority of economists in a Reuters poll said it would hold off for now on restarting its asset purchase programme.
VATICAN CITY The Vatican and the Bank of Italy on Tuesday signed a key cooperation agreement aimed at regularising their relations and ending years of Italian mistrust over Holy See finances.
NEW DELHI The Indian government has scaled back the urgency of its search for a new central bank governor, sources said, with a replacement to Raghuram Rajan now likely to be named only after he chairs his final policy meeting next month.
The Indian government has scaled back the urgency of its search for a new governor of the Reserve Bank of India, with a replacement to Raghuram Rajan now likely only to be named after he chairs his final policy meeting next month.
TOKYO The Bank of Japan is leaning toward holding off on monetary easing on Friday, as an expected government spending package takes some pressure off policymakers to expand an already massive and increasingly controversial stimulus programme.
LONDON Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker-than-expected British purchasing managers' data, a week after saying he needed firmer evidence before backing an interest rate cut.
SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.
LONDON/NEW YORK Foreign exchange trading out of the United Kingdom fell 9 percent in the year to April 2016, a semi-annual survey by the Bank of England showed on Monday, although volumes were slightly higher than shown in an October survey.