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26 May

Rouble slumps around 7% as Russia slashes rates again

(Reuters) -The Russian rouble slumped around 7% against the dollar and the euro on Thursday as the central bank cut interest rates to 11% at an off-schedule policy meeting and suggested that more cuts would follow as inflation risks subside.

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26 May

China, Europe car sales dampened by chip shortage, COVID measures

SHANGHAI/BERLIN (Reuters) -Car sales in China and Europe remain depressed compared to last year's levels as semiconductor shortages and anti-pandemic measures weigh on global autos markets, data showed on Thursday.

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26 May

Kuroda says BOJ can achieve smooth exit from loose money policy

Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank can execute a smooth exit from its ultra-loose monetary policy, though doing so "won't be easy".

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26 May

Philippines' Marcos signals continuity ahead with new economic team

MANILA (Reuters) -Philippines President-elect Ferdinand Marcos gave strong indications that he will maintain continuity in economic policy through his picks for central bank governor and finance minister on Thursday by adding familiar faces to his cabinet.

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26 May

South Korea steps up inflation fight with back-to-back rate hikes

South Korea's central bank on Thursday delivered back-to-back interest rate hikes and forecast further aggressive increases to wrestle consumer inflation down from 13-year highs.

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26 May

Canada's Telus abruptly walks away from $830 million offer for Australia's Appen

(Reuters) -Canadian data analytics software maker Telus International made and then abruptly withdrew a A$1.2 billion ($830 million) buyout approach for Australian rival Appen Ltd, Appen said on Thursday.

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26 May

Philippines' Marcos names new finance chief and central bank governor

Philippine President-elect Ferdinand Marcos on Thursday announced the current central bank governor Benjamin Diokno would be his finance minister when he takes office next month.

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