Page 35 - Eco News Today

China's financial regulators have invited some of the world's biggest investors to a rare symposium next week, three sources said, seeking to encourage foreigners to keep investing in the world's second-largest economy despite its recent weakness and rising geopolitical tensions.

St. Louis Federal Reserve President James Bullard, a leading hawk at the U.S. central bank who pushed for aggressive interest rate hikes to curb high inflation, will leave the Fed regional bank next month to join Purdue University's business school.

China's central bank is expected to keep borrowing costs unchanged while ramping up liquidity support when it rolls over 100 billion yuan ($14.03 billion) worth of medium-term policy loans on Monday, a Reuters survey of market watchers showed.

The Netherlands will go to the polls on Nov. 22, caretaker Interior Minister Hanke Bruins Slot said on Friday, the first election since 2006 in which outgoing Prime Minister Mark Rutte won't be leading his conservative VVD party.

Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits.

Ukraine's trade deficit grew to $8.97 billion in the first five months of the year compared with a deficit of about $1 billion posted in the same period a year ago, the statistics service said on Friday.

Russian oil exports from western ports are set to fall by some 100,000-200,000 barrels per day next month from July levels, a sign Moscow is making good on its pledge for fresh supply cuts in tandem with OPEC leader Saudi Arabia, two sources said on Friday, citing export plans.

Citigroup beat analysts' estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its Wall Street businesses from a slump in trading.

Nearly half of the $350 billion in COVID-19 assistance to state, local, tribal and territorial governments was budgeted as of March 31 for uses from lost revenue replacement to housing, broadband and job training, the U.S. Treasury Department said on Friday.

The Guatemalan prosecutors' office said on Friday it would continue its investigation into anti-graft party Semilla and that its actions were not meant to interfere with a presidential run-off set to take place next month.