Page 42 - Eco News Today

Prime Minister Pedro Sanchez pledged to help Spaniards with rising mortgage costs, while his conservative rival, frontrunner Alberto Nunez Feijoo said he would address water shortages as they officially launched campaigns on Thursday for an election later this month.

Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said the central bank will maintain its yield curve control policy from the perspective of sustaining ultra-loose monetary conditions, the Nikkei newspaper reported on Friday.

OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown from this year but still an above-average increase, sources close to OPEC said.

Argentina's central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation will slowly ease, two bank sources said on Thursday, a boost for the government ahead of primary elections next month.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Oil prices eased on Wednesday, paring the previous day's gain as fears over a global economic slowdown denting fuel demand outweighed expectations of tighter supply due to output cuts announced by top exporters Saudi Arabia and Russia for August.

Saudi Arabia and Kuwait exclusively own natural wealth, including Durra gas field, in the Gulf's maritime "Divided Area", Saudi state news agency SPA said on Tuesday citing the foreign ministry.

European shares fell on Wednesday as fresh data pointing to China's faltering economic recovery as well as slowing services sector activity in the euro zone stoked concerns about a sharp hit to global growth.

Ireland secured 139 investments from foreign multinationals with the potential to create 12,000 jobs so far this year, down from the record 18,039 added in the same period last year, the country's inward investment agency said on Wednesday.

The European Central Bank could bring inflation back in line with its price stability goal by holding rates for a certain period of time rather than hiking them more, one of its policymakers said on Wednesday.