Central Philippines Kanlaon volcano erupts, says seismology agency

By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) -A volcano in the central Philippines erupted for a second time this year, prompting emergency evacuations after it spewed a huge of column of ash into the sky, authorities said on Monday. Mt. Kanlaon, an active volcano straddling the Southeast Asian country’s central provinces of Negros …

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Factbox-Major brokerages expect a quarter-point cut for ECB’s Dec meeting

(Reuters) – Major brokerages including Goldman Sachs, Morgan Stanley and Barclays expect the European Central bank to cut interest rates by 25 basis points at its Dec. 12 meeting, rather than a larger 50-bp move, as inflation gradually heads down. Forecasters at financial institutions also see further rate cuts in 2025. Some predict substantial cuts, …

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Take Five: Crypto gain, Europe pain

(Reuters) -Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and central banks in Europe, Australia and Brazil meet. Here’s what to look out for in the week ahead from Marcela Ayres in Brasilia, Kevin …

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China vows to ramp up policy stimulus to spur growth in 2025

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China will adopt an “appropriately loose” monetary policy next year, the first easing of its stance in some 14 years, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying on Monday. China will step up “unconventional” counter-cyclical adjustments, focusing on …

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John Dramani Mahama returning as Ghana president on pledge to mend economy

By Maxwell Akalaare Adombila and Bate Felix ACCRA (Reuters) – John Dramani Mahama, who is returning as Ghana’s president eight years after losing power, achieved his political comeback on a promise to mend the West African country’s economy. His main rival conceded defeat on Sunday after partial results showed Mahama, 66, was on course to …

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