Hungary’s central bank is expected to cut its key one-day deposit rate again next week, a Reuters poll showed, as inflation cooled more than expected and the forint currency stabilised after the bank lowered rates last month.
U.S. stock index futures inched up on Friday as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon.
Investors bought stocks and took money out of cash funds in the week to Wednesday, as individual investor sentiment hit a 19-month high, BofA Global Research found.
Japan raised support for the production of storage batteries to up to $2.2 billion, the government said, pledging nearly $1 billion in new subsidies for Toyota and other manufacturers as part of a push towards greater economic supply chain security.
The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22, its 13th straight rate rise as it fights unexpectedly sticky inflation that risks making it a global outlier.
The yen fell to a new 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year in contrast with the European Central Bank’s (ECB) rate hike on Thursday.
The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery.
Swedish electric self-driving truck company Einride expects to reduce CO2 emissions in Norway by 2,100 tonnes over the coming three years as it partners up with Scandinavia’s leading postal service, PostNord, the company said on Wednesday.
Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx , MasterCard and Adobe during his trip to the United States for an official state visit, a source with knowledge of the matter said.
Health insurer Humana Inc joined larger rival UnitedHealth in warning of a jump in medical costs this year due to higher-than-expected demand for surgeries and other medical procedures.
