Christine Lagarde, ECB President, said the bank will continue rate cuts but warned of growth concerns, and rising energy costs. The ECB will cut rates further if inflation nears 2%.
New Zealand's economy fell into recession, increasing expectations for rate cuts, with markets predicting a 50-basis-point cut in February and rates at 3.0% by the end of 2025.
The Korean pension fund (NPS) will stop investing in companies with over 50% revenue from coal, starting next year for overseas firms and in 2030 for domestic ones.
On December 18th, the Federal Reserve decided to lower the federal funds rate by 0.25%, as the market had expected. The new rate is 4.50%.
On December 19th, the Bank of England decided to keep the rate at 4.75%, as expected by the market.
A rise in gold imports, which widened India's trade deficit and weakened the rupee, was caused by officials mistakenly double-counting gold shipments.
The Iranian rial hit a record low, losing over 10% of its value since Donald Trump's election, despite the Central Bank injecting $220 million to stabilize the exchange rate.
Amazon workers may strike before Christmas after the Teamsters voted over union issues.
UniCredit has raised its stake in Commerzbank to 28% and is seeking approval to increase it to 29.9%.
The Canadian dollar fell to its lowest point since March 2020 as the government struggles with a crisis after the finance minister's resignation.
Morgan Stanley has partnered with Wise to settle foreign-exchange payments for corporate clients buying goods from international vendors.
Honda and Nissan have reportedly discussed a possible merger to better compete with electric vehicle makers.
Leading chancellor candidate plans to cut €100 billion from migration and social spending to address Germany's finances, in contrast to Chancellor Scholz's approach.
SoftBank CEO Masayoshi Son announced that SoftBank would invest $100 billion in the U.S. over four years, focusing on AI and infrastructure.
The government has approved the £3.6bn sale of Royal Mail's parent company to Czech billionaire Daniel Kretinsky, while keeping a "golden share" to approve major changes.
Olaf Scholz lost a historic vote of confidence in the German parliament, intentionally calling for it to trigger early national elections after the collapse of his government.
China's capital markets saw a record $45.7 billion outflow in November, with a deficit from $188.9 billion in receipts and $234.6 billion in payments.
The Australian Securities and Investments Commission is suing HSBC for failing to protect customers from scams.
Canadian Finance Minister Chrystia Freeland resigned on Monday after clashing with Prime Minister Justin Trudeau over foreign policy.
In November, China's retail sales increased by 3%, below the 4.6% forecast, as declining sentiment in the real estate sector highlighted the failure of Beijing's attempts to stimulate demand.
Shares in French broadcaster Canal+ dropped nearly 16% in their London stock market debut on Monday.
Broadcom expects significant growth in AI chip demand, boosting its valuation to $1 trillion after a 21% rise in shares, with CEO projecting up to $90 billion revenue opportunity by 2027.
Germany's economy improved slightly in December, but business activity still shrank for the sixth month, while the services sector grew.
India's wholesale inflation slowed to 1.89% in November, driven by a smaller rise in food prices.