Europe stocks close at fresh record highs; UK exits recession
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Economy asian news
China central bank vows to support economic recovery
BEIJING (Reuters) -- China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.
'It's our duty': Bank of England chief says cutting rates just before a UK election wouldn't be an issue
LONDON — Bank of England Governor Andrew Bailey on Thursday played down any political pressure received by his institution, confirming that a rate cut immediately before a general election wouldn't be out of the question.
Vietnam’s arrest of reformist labor official could disturb bid for better trade terms with the US
BANGKOK (AP) — A senior Vietnamese official with the country’s labor ministry was arrested for “deliberately disclosing state secrets,” police announced on Thursday, a development that analysts say could hurt Vietnam’s efforts to obtain more favorable trade terms for exports to the United States.
Bank of England set to hold rates as Europe's central banks diverge from Fed
LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut.
Spain's BBVA announces $13 billion hostile takeover bid for Sabadell
Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though Sabadell's board this week already rejected the proposal on the same terms.
South Koreans snap up gold from convenience stores, vending machines as soaring prices stir frenzy
South Korea’s largest convenience store chain, CU, has reportedly been teaming up with the Korea Minting and Security Printing Corporation to stock bite-sized gold bars in retail stores and vending machines throughout the country. A post on the chain’s Instagram account on April 1 announced the new additions to the store’s stock.
South Korea’s Yoon apologises over wife’s Dior handbag, vows to improve livelihoods
In his first news conference in about two years, Yoon pledged on Thursday to improve livelihoods and create a new ministry to boost the country’s birth rate, which is ranked lowest in the world and threatens long-term economic prospects.