Category Archives:
ECB policymakers argue for ‘restrictive’ policy despite recession risk
By Balazs Koranyi WASHINGTON (Reuters) - The European Central Bank must power ahead with interest rate hikes to tame inflation and should even push borrowing costs to levels that restrict economic act...
Oct 14, 2022
Citigroup reports 25% slump in third-quarter profit
(Reuters) -Citigroup Inc reported a 25% drop in third-quarter profit on Friday as its investment banking business struggled to cope with a slump in dealmaking. M&A activity has grounded to a halt this...
Oct 14, 2022
Avoid fx intervention if currency weakness is due to fundamentals, IMF economists say
(Reuters) - Countries should avoid spending scarce foreign exchange reserves intervening to support currencies that are weakening as a result of economic fundamentals such as interest rate differentia...
Oct 14, 2022
TSX futures track Wall St counterparts higher
(Reuters) - Futures for Canada's main stock index were higher on Friday, tracking its U.S. peers, while investors awaited manufacturing and trade data for August. December futures on the S&P/TSX index...
Oct 14, 2022
ECB may need 75 bps rates hikes in Oct, Dec before balance sheet cut, Vasle says
By Balazs Koranyi WASHINGTON (Reuters) - The European Central Bank should raise interest rates by 75 basis points at both of its upcoming meetings this year, then needs to discuss shrinking its balanc...
Oct 14, 2022
Morgan Stanley profit falls as deals drought extends
(Reuters) -Morgan Stanley on Friday reported a drop in third-quarter profit, as a slowdown in global dealmaking hurt the investment bank's core underwriting business, sending shares down 3% before the...
Oct 14, 2022
Credit Suisse capital gap conundrum draws analyst answers
By Noele Illien ZURICH (Reuters) - As Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may need and suggesting how best to plug...
Oct 14, 2022
Global inflation causing ‘horrifying’ food insecurity, says IMF Africa head
By Rachel Savage, Marc Jones and Jorgelina do Rosario JOHANNESBURG/LONDON (Reuters) - Africa's central banks are walking a tightrope trying to curb inflation that is mostly out of their control and ca...
Oct 14, 2022
Kroger to acquire rival Albertsons in near $25 billion deal
(Reuters) - Supermarket chain Kroger Co said on Friday it will buy smaller rival Albertsons Companies Inc in a $24.6 billion deal. (Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath...
Oct 14, 2022
Stellantis output in Italy to fall in 2022 for a fifth year, union says
MILAN (Reuters) - Carmaker Stellantis is expected to see its vehicle production in Italy fall for a fifth year in a row in 2022, mainly due to stoppages caused by a prolonged crunch in chip supply, th...
Oct 14, 2022
Peoria, IL, USA
75 °F Partly cloudy
