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Japan inflation firms to 2.8% ahead of BoJ rate decision
Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged. Later Friday the BoJ was forecast to leave its benchmark interest rate unchanged, with all 53 economists polled by Bloomberg News predicting that borrowing costs will be left at 0.25 percent.
Rate cut could lift consumer spirits before US elections
The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.
Cathay Airbus engine fire linked to cleaning: EU regulator
A cleaning process leading to fuel hose degradation during refurbishment may have caused a recent Airbus A350 engine fire that triggered dozens of Cathay Pacific flight cancellations this month, the EU aviation regulator said Thursday. In its report, Hong Kong investigators said the Cathay flight crew saw an engine fire warning for the number two engine shortly after liftoff.
EU chief announces $11 bn for nations hit by 'heartbreaking' floods
European Commission President Ursula von der Leyen on Thursday announced 10 billion euros ($11 billion) in funds for member nations reeling from "heartbreaking" devastation after the floods caused by Storm Boris. "At first sight 10 billion euros are possible to mobilise from the cohesion funds for the countries that are affected.
Sales of US existing homes slip slightly in August
Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry. Compared with a year ago, NAR data showed that existing home sales were 4.2 percent down in August.
US Fed rate cut is 'very positive sign' for economy: Yellen
The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday. Her comments came after Republican presidential nominee Donald Trump charged Wednesday that the Fed's decision was either a response to a "very bad" economy, or it had been "playing politics."
Brazil judge orders X to reimpose block or face hefty fine
Brazil's Supreme Court on Thursday ordered Elon Musk's X to suspend access to the social network, after service was restored despite a ban, or face a daily fine of over $900,000.
Bank of England freezes rate after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
Coming winter 'sternest test yet' for Ukraine energy grid
The coming winter will prove the "sternest test yet" for Ukraine's energy grid, the International Energy Agency said on Thursday, as the EU announced additional aid to help the country weather Russia's attacks on its power infrastructure. But this winter will be, by far, its sternest test yet," the agency's executive director Birol said in a news release accompanying the report.
AFP
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