Peru cuts interest rate as recession persists

STORY: Peru cuts interest rate as recession persists SHOOTING TIME: File DATELINE: Nov. 11, 2023 LENGTH: 00:03:39 LOCATION: Lima CATEGORY: ECONOMY SHOTLIST: 1. various of Lima STORYLINE: In its November decision, the Board of Directors of the Central Reserve Bank of Peru (BCRP) decided to reduce the reference rate to 7.00 percent, a 25 basis point decrease. The monetary authority said that this decision does not necessarily imply a sequence of interest rate reductions. The bank's third consecutive cut came as the rate of rising consumer prices has been coming down. According to official data, Peru's annual inflation decelerated to 4.34 percent to reach its lowest level in over two years. The BCRP Board's next monetary policy session will take place on Dec. 14. Xinhua News Agency correspondents reporting from Lima. (XHTV)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- Customers buy bread at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A customer buys vegetables at a supermarket in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A man walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

BELGIUM-BRUSSELS-EUROZONE-ECONOMY

(231031) -- BRUSSELS, Oct. 31, 2023 (Xinhua) -- A woman walks past a store with discount signs in Brussels, Belgium, Oct. 31, 2023. Yearly inflation in the Eurozone should fall to 2.9 percent in October, compared to 4.3 percent in September, the lowest levels in more than two years. Meanwhile, the Eurozone's gross domestic product (GDP) went down by 0.1 percent during the third quarter of 2023 compared to the previous quarter, according to a flash estimate published on Tuesday by Eurostat. TO GO WITH "Roundup: Eurozone inflation plunges while economic growth stagnates " (Xinhua/Zhao Dingzhe)

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Oct. 2, 2023 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. India gate 2. Reserve Bank of India (RBI) 3. various of banks 4. various of market 5. various of traffic STORYLINE: India's foreign exchange reserves fell by 2.335 billion U.S. dollars to 590.7 billion dollars during the week ending Sept. 22, according to the latest data released by the central bank, the Reserve Bank of India (RBI). That was the lowest foreign reserves in the past four months. It was also the third consecutive week that India's forex reserves had declined. According to the data, foreign currency assets decreased by 2.55 billion dollars to 523.36 billion dollars. Gold reserves increased by 307 million dollars to 44.307 billion dollars. Special Drawing Rights dipped by 79 million dollars to 18.01 billion dollars. The country's Reserve position in the International Monetary Fund decreased by 11 million dollars to 5.02 billion dollars. Xinhu

Nikkei sheds 874 pts, closing at lowest level in 12 months

Nikkei sheds 874 pts, closing at lowest level in 12 months

TOKYO, Japan - A man looks at the price board outside a brokerage house in Tokyo's Yurakucho district on Aug. 17. Stock prices tumbled for a third day with the key Nikkei index losing more than 5 percent, closing at its lowest level in 12 months.

Nikkei plunges 9% to 5-year low on panic selling

Nikkei plunges 9% to 5-year low on panic selling

TOKYO, Japan - A signboard of a securities firm in Tokyo's Marunouchi district shows the 225-issue Nikkei Stock Average posting its third-biggest one-day drop on record of 952.58 points to 9,203.32, marking its lowest close since June 30, 2003.

Japan had cooler summer with less sunshine, more rain

Japan had cooler summer with less sunshine, more rain

SENDAI, Japan - Lettuce and other vegetables carry higher price tags at a Sendai supermarket on Sept. 1 after a spell of cool summer weather. The average summer temperature in the Tohoku region, northeastern Japan, this year was the third lowest since the end of World War II, while most other parts of the country also saw less sunshine and more rain, the Japan Meteorological Agency said.

Great Salt Lake

Great Salt Lake

Photo taken on Aug. 16, 2021, shows birds on the dried shore of the Great Salt Lake near Salt Lake City in the U.S. state of Utah. The largest saltwater lake in the Western Hemisphere reached its lowest water level on record on July 23, 2021, with its area falling to less than one-third of what it was 35 years ago following years of drought.

Great Salt Lake

Great Salt Lake

Photo taken on Aug. 16, 2021, shows the Great Salt Lake near Salt Lake City in the U.S. state of Utah. The largest saltwater lake in the Western Hemisphere reached its lowest water level on record on July 23, 2021, with its area falling to less than one-third of what it was 35 years ago following years of drought.

Great Salt Lake

Great Salt Lake

Photo taken on Aug. 16, 2021, shows the shore of the Great Salt Lake near Salt Lake City in the U.S. state of Utah. The largest saltwater lake in the Western Hemisphere reached its lowest water level on record on July 23, 2021, with its area falling to less than one-third of what it was 35 years ago following years of drought.

Great Salt Lake

Great Salt Lake

Tourists take pictures of the Great Salt Lake near Salt Lake City in the U.S. state of Utah on Aug. 16, 2021. The largest saltwater lake in the Western Hemisphere reached its lowest water level on record on July 23, 2021, with its area falling to less than one-third of what it was 35 years ago following years of drought.

Great Salt Lake

Great Salt Lake

Photo taken on Aug. 16, 2021, shows a bird on the dried shore of the Great Salt Lake near Salt Lake City in the U.S. state of Utah. The largest saltwater lake in the Western Hemisphere reached its lowest water level on record on July 23, 2021, with its area falling to less than one-third of what it was 35 years ago following years of drought.

Nikkei sheds 874 pts, closing at lowest level in 12 months

Nikkei sheds 874 pts, closing at lowest level in 12 months

TOKYO, Japan - A man looks at the price board outside a brokerage house in Tokyo's Yurakucho district on Aug. 17. Stock prices tumbled for a third day with the key Nikkei index losing more than 5 percent, closing at its lowest level in 12 months. (Kyodo)

Nikkei plunges 9% to 5-year low on panic selling

Nikkei plunges 9% to 5-year low on panic selling

TOKYO, Japan - A signboard of a securities firm in Tokyo's Marunouchi district shows the 225-issue Nikkei Stock Average posting its third-biggest one-day drop on record of 952.58 points to 9,203.32, marking its lowest close since June 30, 2003. (Kyodo)

Japan had cooler summer with less sunshine, more rain

Japan had cooler summer with less sunshine, more rain

SENDAI, Japan - Lettuce and other vegetables carry higher price tags at a Sendai supermarket on Sept. 1 after a spell of cool summer weather. The average summer temperature in the Tohoku region, northeastern Japan, this year was the third lowest since the end of World War II, while most other parts of the country also saw less sunshine and more rain, the Japan Meteorological Agency said. (Kyodo)