Argentina hikes interest rate 550 bps after inflation overshoots
Argentina's central bank hiked the country's benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80% on an annual basis.
Argentina's central bank hiked the country's benchmark interest rate 550 basis points to 75% on Thursday, a day after inflation overshot forecasts to near 80% on an annual basis.
WASHINGTON (Reuters) -The U.S. Justice Department has sued to block a $4.3-billion proposed deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.
SHANGHAI (Reuters) -Five of China's largest banks cut personal deposit rates from Thursday, according to information available on the lenders' mobile apps, a move that could ease the pressure on their margins after recent lending rate cuts to revive the economy.
The U.S. Justice Department has sued to block a $4.3-billion deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.
SHANGHAI (Reuters) -China's central bank partially rolled over maturing medium-term policy loans while maintaining the interest rate as expected on Thursday, as hawkish U.S. Federal Reserve tightening limited room to manoeuvre monetary policy to support the economy.
SINGAPORE/HONG KONG (Reuters) -Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge of the matter told Reuters.
DUESSELDORF/FRANKFURT (Reuters) -Germany's Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further aid, paving the way for a what could result in a full nationalisation of the firm.