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OTTAWA, Canada (Reuters) -- The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 4.75%, in a widely expected move that marked its first cut in four years, and said more easing was likely if inflation continued to ease.
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 4.75%, in a widely expected move that marked its first cut in four years, and said more easing was likely if inflation continued to ease.
“President Zelensky will speak at the Shangri-La Dialogue in Singapore on June 2,” a source in Kyiv told This Week in Asia. The regional security conference at the Shangri-La Hotel began on Friday and will end on Sunday.
Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it's raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank.
Lithuania holds presidential elections on Sunday, with incumbent Gitanas Nauseda expected to win after a campaign dominated by security concerns in the post-Soviet state.
Gotland has been a popular holiday destination for decades, but this week Swedish Commander-in-chief Mikael Bydén has claimed that Russian president Vladmir Putin “has his eyes” on the Baltic Sea island.
AstraZeneca plans to build a US$1.5 billion manufacturing facility in Singapore to produce a promising category of cancer-killing drugs called antibody-drug conjugates (ADCs), the Anglo-Swedish drug maker said on Monday.
FRANKFURT -- It "may be appropriate" for the European Central Bank to start to cut interest rates at its June policy meeting, but a "cautious approach" is needed beyond that, ECB executive board member Isabel Schnabel told Nikkei recently.