The BOJ raised its benchmark policy rate to “around 0.25%” in a 7-2 split decision in July, marking its highest interest rate since 2008.
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China offers one-time cash allowance for those in extreme poverty
China announced it will offer a one-time cash allowance to those in extreme poverty, after it rolled out a slate of stimulus aimed at shoring up the economy.
India wants to become a semiconductor powerhouse, but it can’t do it on its own
India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing.
Chinese stocks close sharply higher after Beijing affirms stimulus measures; property stocks spike
Asia-Pacific markets rose on Thursday, led by Hong Kong’s Hang Seng index and the mainland Chinese markets which extended gains toward the session close.
Fearful of the ‘middle-income trap,’ Indonesia pushes for major policy reform
The nation’s finance minister said its yearly 5% GDP growth of is “not enough” for Indonesia to achieve the progress needed to become a high-income country.
France’s biggest lender says there are ‘too many’ European banks as UniCredit moves on Commerzbank
BNP Paribas Chief Financial Officer Lars Machenil on Thursday voiced his support for greater integration in Europe’s banking sector.
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
Shares of H&M tumbled as much as 8% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit.
Swiss central bank cuts rates by a quarter point in third trim this year
It was the first major Western central bank to reduce interest rates back in March.
UK finance chiefs are banging the drum for one major reform to boost economic growth
U.K. finance chiefs are banging the drum for pension reforms to boost anaemic investment and growth in the country.
UniCredit’s pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
European banking’s latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc’s incomplete banking union.