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ECB Needn’t React to Small CPI Fluctuations, Kocher Tells Kurier

The European Central Bank doesn’t need to react to small deviations around its 2% inflation goal and should rather keep its powder dry in order to be able to react should a change in policy become necessary, Governing Council member Martin Kocher told Kurier newspaper in an interview.

The European Central Bank doesn’t need to react to small deviations around its 2% inflation goal and should rather keep its powder dry in order to be able to react should a change in policy become necessary, Governing Council member Martin Kocher told Kurier newspaper in an interview.
Bloomberg Markets • Dec 2, 6:55 AM
CAP

Vietnam Still Set for Bumper Coffee Crop as Rains Delay Harvest

Vietnam remains on track for its biggest coffee crop in four years, despite bouts of heavy rain and widespread flooding delaying the harvest, according to an industry group.

Vietnam remains on track for its biggest coffee crop in four years, despite bouts of heavy rain and widespread flooding delaying the harvest, according to an industry group.
Bloomberg Markets • Dec 2, 6:40 AM
REG

US Envoy Heads to Russia as Putin Claims Key Ukrainian City Fell

US envoy Steve Witkoff is traveling to Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of the talks about a potential peace plan to end his war.

US envoy Steve Witkoff is traveling to Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of the talks about a potential peace plan to end his war.
Bloomberg Politics • Dec 2, 6:38 AM
REG

US Envoy Heads to Russia as Putin Says Key Ukraine City Fell

US envoy Steve Witkoff is traveling to Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of talks about a potential peace plan to end his war.

US envoy Steve Witkoff is traveling to Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of talks about a potential peace plan to end his war.
Bloomberg Politics • Dec 2, 6:38 AM
REG

US Envoy Arrives in Moscow as Putin Says Key Ukraine City Fell

US envoy Steve Witkoff arrived in Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of Tuesday’s talks about a potential peace plan to end his war.

US envoy Steve Witkoff arrived in Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of Tuesday’s talks about a potential peace plan to end his war.
Bloomberg Politics • Dec 2, 6:38 AM
REG

US Envoy Arrives in Moscow as Putin Says Ukraine City Fell

US envoy Steve Witkoff arrived in Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of Tuesday’s talks about a potential peace plan to end his war.

US envoy Steve Witkoff arrived in Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of Tuesday’s talks about a potential peace plan to end his war.
Bloomberg Politics • Dec 2, 6:38 AM
REG

Kremlin Calls Russia-US Talks Constructive But No Deal Reached

The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine.

The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine.
Bloomberg Politics • Dec 2, 6:38 AM
CAP

China Vanke Seeks One Year Delay to Pay Bond

China Vanke is seeking a one-year delay to pay a two billion yuan note originally due on Dec.

China Vanke is seeking a one-year delay to pay a two billion yuan note originally due on Dec. 15, as it faces mounting liquidity pressures and waning state support. Bloomberg Intelligence thinks Vanke's financial crisis might have a bigger impact on China's property sector than the defaults by Evergrande and Country Garden, two other top developers. (Source: Bloomberg)
Bloomberg Markets • Dec 2, 5:57 AM
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China Adds Tax to Condoms as It Works to Boost Birth Rates

China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy.

China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy.
Bloomberg Markets • Dec 2, 5:47 AM
CAP

Opinion: Ukraine Plan Emboldens China on Taiwan

As Ukraine grapples with a US-led peace plan that could possibly see Kyiv concede territory to Russia, Bloomberg Opinion columnist Karishma Vaswani thinks that could embolden China over the Taiwan question, amid fuzzy leadership from the US.

As Ukraine grapples with a US-led peace plan that could possibly see Kyiv concede territory to Russia, Bloomberg Opinion columnist Karishma Vaswani thinks that could embolden China over the Taiwan question, amid fuzzy leadership from the US. She spoke with Bloomberg's Yvonne Man and Annabelle Droulers on The China Show. (Source: Bloomberg)
Bloomberg Markets • Dec 2, 5:44 AM