Malaysia is poised to keep its benchmark interest rate unchanged on Thursday, with stable growth, benign inflation and a strengthening ringgit allowing the central bank to preserve policy ammunition https://t.co/P0NdguTczs ...

RT Bloomberg Live (@BloombergLive)Africa’s economies are entering a new era.At the Bloomberg Africa Business Summit, leaders from business, government, and finance will explore how trade, technology, and innovation can unlock Africa’s growth potential.Be part of the conversation shaping the continent’s economic future in Johannesburg on 17–18 November.Learn more: https://t.co/UxenVeCIbL#AfricaBusinessSummit ...

What I want to talk about tonight is about saving the country. It is easy to open BBC news, read the first three headlines, and they're all about our failure, and it's easy to lose faith. But I think it's not only possible that it's actually inevitable.We can do extraordinary things, and actually already extraordinary things are happening. Our goal should be to make the UK rich again. And that's not these days a very British thing to say.And that is part of the problem. Almost all our other problems are dow ...

The Bank of England is exploring ways of encouraging banks to use more of their regulatory capital buffers in a bid to boost economic growth https://t.co/QHmQ1Jt8jy ...

Indonesia’s economy grew in line with expectations in the third quarter, slowing slightly as social unrest and global trade uncertainty took a toll on domestic consumption and investment https://t.co/lTKiPLuCTz ...

Market Overview - Stocks gained on Wall Street following positive economic updates and a steady flow of quarterly reports from U.S. companies, marking a reversal from the previous day's dip [1] - The S&P 500 rose 24.74 points (0.4%) to 6,796.29, the Dow Jones Industrial Average increased by 225.76 points (0.5%) to 47,311, and the Nasdaq composite climbed 151.16 points (0.6%) to 23,499.80 [2] Company Performance - Alphabet (Google's parent) increased by 2.4%, Broadcom rose by 2%, and Meta Platforms (Facebook's parent) gained 1.4%, contributing to the market's upward movement [2] - McDonald's stock rose 2.2% after reporting increased sales due to the return of its popular Snack Wraps in Q3 [3] - International Flavors & Fragrances jumped 4.1% after exceeding quarterly profit forecasts [3] Underperformers - Axon Enterprise, known for Taser products, fell 9.4% after forecasting weaker profits than expected [4] - Live Nation Entertainment dropped 10.6% after its latest results did not meet analysts' forecasts [4] Economic Indicators - The latest earnings reports provide insights into consumer and business behavior amid a government shutdown, which has halted important monthly updates on inflation and employment [5] - A monthly report from ADP indicated that private payrolls rose more than expected in October, offering a partial view of the job market [6] - The services sector expanded more than anticipated in October, although employment within the sector continued to contract [6] - Bill Adams, chief economist for Comerica Bank, noted that economic growth persisted in October despite the government shutdown [7]

I'm James Manyika, Senior Vice President at Google and Alphabet. I'm delighted to have this conversation with Mohamed El-Erian, president of Queens College of Cambridge and Michael Spence, Nobel laureate economist. Mohamed and Mike, wonderful to spend time with you as always.What do you see as the potential for AI to impact the economy. So, James, the way I try to describe it to people is to use what has been called, the new electricity. It enables a whole set of existing needs that are not being met. It in ...

We have a restrictive rate. It didn't need to be at such a restrictive level as we are. This is a personal opinion of mine that I would say is that of many people today.It is not an isolated position. But anyway, there are those who think differently. I respect it, but I consider it an exaggerated restrictive rate.We could already start thinking signaling. Let's see the statement because sometimes the interest rate level can be maintained but sometimes the statement can signal. Let's see. Let's wait for eve ...

Group 1: Canada's Budget - Canada's upcoming budget is expected to include a significant C$50-billion local infrastructure fund aimed at boosting local development and economic growth [2][8] - The budget is also anticipated to allocate up to C$1-billion to attract high-quality talent and researchers, particularly from the U.S. and other international locations [2][8] Group 2: China's Export Initiative - China's Commerce Minister has announced a "Big Market for All: Export for China" initiative, consisting of 10 major events to enhance countries' export capabilities to China [3][8] - The initiative aims to position China as the premier export destination globally, promoting proactive opening up and win-win cooperation [3][8] Group 3: Yum China Financial Performance - Yum China Holdings Inc. reported a strong Q3 financial performance with an adjusted operating profit of $400 million and net income of $282 million [4][8] - The adjusted earnings per share (EPS) for the quarter stood at $0.76 [4][8] Group 4: Barclays Downgrade of Hermes - Barclays has downgraded luxury brand Hermes International to Equal Weight from Overweight, reflecting a shift in market sentiment [5][8] - The target price for Hermes shares has been reduced from EUR 2510 to EUR 2310 [5][8] Group 5: ADNOC and Shell LNG Deal - ADNOC has secured a long-term 15-year supply agreement with Shell for 1 million tonnes per annum (MTPA) of liquefied natural gas from the Ruwais LNG project [6][8] Group 6: UK Gilt Auction - The UK successfully sold GBP5 billion in 4% 2029s gilts, with a bid-to-cover ratio of 3.06x, indicating solid demand for UK government debt [9] - The average yield for the gilts decreased to 3.845% from the prior 4.095%, further reflecting healthy market interest [9]

RT Andrew Sentance (@asentance)The grim backdrop for the forthcoming Budget: UK GDP growth is projected to be just 1.1pc this decade, the lowest for 100 years, and about half the long-term average of over 2pc. Raising taxes will just weaken growth further, so reining in spending is the only long-term solution. https://t.co/X91gCd2LdE ...