By Divya Chowdhury and Francesco Canepa MUMBAI () -A weaker euro falling to parity with the dollar would cushion the impact of any new U.S. tariffs on euro zone growth although it would push up inflation, European Central Bank policymaker Pierre Wunsch told on Wednesday. The Belgian central bank governor said in an interview with

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By Yoruk Bahceli LONDON () - With a war raging at the European Union's eastern border, Russia posing a threat, and U.S. President-elect Donald Trump pressuring allies to do more, the bloc urgently needs a viable plan to secure hundreds of billions of euros to bolster its defences. But while there is broad agreement Europe

By Howard Schneider WASHINGTON () - The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration. The anticipated quarter-percentage-point move would lower the

By Ankur Banerjee SINGAPORE () -Shares of Kioxia rose 6% in their market debut on Wednesday, valuing the Bain-backed chipmaker at more than 820 billion yen ($5.34 billion) and highlighting steady investor demand for the third biggest IPO in Japan this year. Kioxia, a major manufacturer of memory chips, raised 120 billion yen after pricing

By Makiko Yamazaki TOKYO () -Japan's exports rose faster than expected in November, data showed on Wednesday, helped by a weaker yen and solid global demand although businesses worry protectionist U.S. trade policies will undermine future growth. Total (EPA:) exports rose 3.8% year-on-year in November, more than a median market forecast for a 2.8% increase

By Jihoon Lee SEOUL () - South Korean Foreign Minister Cho Tae-yul said on Wednesday that President Yoon Suk Yeol's short-lived bid to impose martial law had created some limitations communicating with the team of U.S. President-elect Donald Trump and undercut both sides' political momentum. At a rare joint news conference for foreign media, Cho

By Brigid Riley TOKYO () - The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point

SYDNEY () -Australia's government on Wednesday trimmed its likely budget deficit for the current fiscal year, but flagged bigger shortfalls ahead due to "unavoidable spending" on health, cost-of-living relief and veterans care. Facing a tough election next year, the centre-left Labor government said the economy had slowed under the weight of high interest rates and

By Rishav Chatterjee () -Australia's Insignia Financial has rejected Bain Capital's A$2.67 billion ($1.69 billion) takeover bid, saying the offer does not provide fair value to its shareholders, creating a barrier for the buyout giant's Asia expansion plans. Bain had earlier in the month offered A$4 apiece for the 178-year-old money manager, reigniting a strong