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Exclusive: China ready to cut rates again on fears of deflation - sources

The latest Reuters business news! BEIJING (Reuters) – China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making. 8 more words

William Lindsey

Falling inflation a worry for Europe but also the world

The latest Reuters business news! LONDON (Reuters) – European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. 8 more words

William Lindsey

Countdown to missed opportunity for EU economy

The latest Reuters business news! PARIS (Reuters) – The countdown has begun to what threatens to be a missed opportunity to revive Europe’s stalled economy. 8 more words

William Lindsey

Sweden's Wallenberg dynasty prepares for sixth generation

The latest Reuters business news! STOCKHOLM (Reuters) – Jacob Wallenberg, the 58-year-old head of one of Europe’s most enduring family dynasties, is trying to work out how the empire controlling much of Sweden’s economy could look with a woman or someone without the family name at the helm. 7 more words

William Lindsey

Putin stands by hawkish Russian central bank - for now

The latest Reuters business news! MOSCOW (Reuters) – With Russia’s economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float. 8 more words

William Lindsey

Europe not at risk of full-blown deflation: ECB's Constancio

The latest Reuters business news! FLORENCE Italy (Reuters) – Europe is not at risk of sliding into “full deflation” but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday. 8 more words

William Lindsey

China's rate-cut likely to hurt banks, curb new loans to small borrowers

The latest Reuters business news! SHANGHAI (Reuters) – China’s latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth. 7 more words

William Lindsey