BEIJING, Nov 29 (Reuters) – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving stablecoins. The People’s Bank of China (PBOC) said at a coordinating meeting on virtual currency regulation on Friday that crypto speculation has recently…
By Julia Payne BRUSSELS (Reuters) -The EU executive will unveil next week measures to cut the bloc’s over-reliance on China for critical raw materials as Europe seeks to keep up with fierce global competition from the U.S. and Asia. Despite years of warning signs that the old model of rules-based trade was coming to an…
By Satoshi Sugiyama TOKYO (Reuters) -Japan’s government said consumer sentiment on the economy was recovering despite persistent inflation in a monthly report published on Wednesday. In its monthly economic assessment, the government reiterated a cautiously optimistic view that the world’s fourth-largest economy is recovering moderately, while warning of downside risks from U.S. trade policies. “Consumer…
By Chen Aizhu, Trixie Yap and Florence Tan SINGAPORE (Reuters) -When Shandong Yulong Petrochemical opened its Singapore office a year ago, the company staged a lion dance to herald prosperity for the new $20 billion oil refiner at the centre of modernisation efforts in its home province in China. But Yulong’s ambition to rub shoulders…
By Juliette Jabkhiro PARIS (Reuters) -France’s highest court on Wednesday upheld former President Nicolas Sarkozy’s conviction for illegal campaign financing in his failed 2012 re-election bid, his latest legal setback after recently being jailed for nearly a month in another case. Sarkozy, who served one term as president from 2007 to 2012, was convicted in…
By Andrea Shalal WASHINGTON (Reuters) -U.S. President Donald Trump pardoned two giant white-plumed turkeys named Gobble and Waddle on Tuesday, sparing them from Thanksgiving dinner tables and adding to more than 1,600 pardons he has granted this term. The birds, weighing more than 50 pounds (23 kg) each, were raised on a farm in North…
FRANKFURT (Reuters) -It is too early for the European Central Bank to discuss another interest rate cut as inflation in the euro zone might still turn out higher than expected, ECB policymaker Martins Kazaks said on Thursday. The ECB halved its policy rate in the year to June as it watched price growth fall to…
SAO PAULO (Reuters) -Brazilian meatpacker JBS said on Tuesday it had signed a binding memorandum of understanding with the shareholders of Viva to combine both firms’ assets related to leather production and commercialization. In a securities filing, JBS said the new company will be called JBS VIVA and will be owned 50% by JBS and…
By Emmanuel Bruce ACCRA (Reuters) -Ghana’s central bank cut its main interest rate by 350 basis points to 18.0% on Wednesday, citing an improved economic outlook and expectations for further declines in consumer inflation. Economists polled by Reuters had forecast a 250 basis points cut after a record 350 basis point reduction to 21.5% at…
By Anirban Sen NEW YORK (Reuters) -TMX Group, which operates the Toronto Stock Exchange, is expecting a big pickup in stock market listings heading into 2026, boosted by a robust pipeline of companies that are aiming to tap the capital markets in the coming months, executives at the firm told Reuters. Canadian initial public offering…
