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Macroeconomics

China leaves lending benchmark LPRs unchanged, as expected

SHANGHAI (Reuters) -China left benchmark lending rates unchanged at the monthly fixing on Wednesday, after lenders slashed the rates by higher-than-expected margins last month to...

US bank regulator Gruenberg to retire in January, clearing way for Trump picks

By Pete Schroeder WASHINGTON (Reuters) -Federal Deposit Insurance Corporation Chairman Martin Gruenberg will retire effective Jan. 19, he told colleagues on Tuesday, clearing the...

China leaves loan prime rate unchanged amid stimulus, tariff watch

-- The People’s Bank of China left its benchmark loan prime rate unchanged on Wednesday, with Beijing seeking more clarity on U.S. politics before unlocking more...

Texas offers 1,402-acre plot for Trump's immigrant deportation plan

(Reuters) - Texas is offering 1,402 acres (567 hectares) of land along the border with Mexico to the incoming Trump administration to lease as part of a plan for the mass...

Australia statistician overstated child care costs, but no impact on CPI

SYDNEY (Reuters) - Australia's official statistician has been overestimating the cost of child care in its consumer price index for the past year, but the error will not result in...

Clinton, Yellen to back US community lending fund as Trump seeks spending cuts

WASHINGTON (Reuters) - Former President Bill Clinton will return to the U.S. Treasury Department for the first time in nearly 25 years on Thursday to mark the 30th anniversary of...

Fed's Schmid says it is uncertain how far interest rates can fall

By Howard Schneider WASHINGTON (Reuters) - It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of...

South Africa will focus G20 presidency on inclusive growth, food security

JOHANNESBURG (Reuters) - South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril...

Trump's pro-business policies to benefit India's IT sector, Wipro chair says

By Haripriya Suresh and Sai Ishwarbharath B BENGALURU (Reuters) - Donald Trump's presidency in the United States is going to be "pro-business and pro-growth" and good for the tech...

Canada's inflation rate jumps back to 2%, curbing large rate-cut bets

By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month,...

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