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J.P.Morgan, Goldman raise Canada central bank terminal rate forecast to 5.25%
(Reuters) - J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one last 25-basis point rate hike in October and lifted their terminal rate forecast to 5...
Syndicated Content Jul 13, 2023
UK economy contracts by slightly less than expected in May
LONDON (Reuters) - Britain's economy contracted by less than expected in May despite the impact of strikes and an extra bank holiday to mark the coronation of King Charles, putting it on track to avoi...
Syndicated Content Jul 13, 2023
Exclusive-China’s Qingdao sets up firm to bail out its local govt financing arms-sources
By Samuel Shen and Tom Westbrook (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), source...
Syndicated Content Jul 13, 2023
Foxconn-Vedanta JV split credit negative for UK conglomerate- CreditSights
CHENNAI (Reuters) - A decision by Taiwan's Foxconn to withdraw from a $19.5 billion semiconductor joint venture with Vedanta is a "credit negative" for the Indian conglomerate's UK parent Vedanta Reso...
Syndicated Content Jul 13, 2023
Surging stocks turn Tokyo into hot job market for fund managers
By Xie Yu and Makiko Yamazaki HONG KONG/TOKYO (Reuters) - Global hedge funds and asset managers are scouring Tokyo for talent to expand in Japan and ride a surge of investor interest that has lifted t...
Syndicated Content Jul 13, 2023
Chocolate maker Barry Callebaut’s sales fall on low demand
(Reuters) -Barry Callebaut, the world's biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as customer demand dropped in an inflationary environment. Barry Ca...
Syndicated Content Jul 13, 2023
Pain trade or same trade? Investors refuse to fold on recession bets
By Naomi Rovnick, Marc Jones and Alun John LONDON (Reuters) - It was not meant to be this way. The big trades championed at the start of 2023 look redundant thanks to AI mania in stock markets, and lo...
Syndicated Content Jul 13, 2023
Tesla in talks with India to set up factory with up to 500,000 annual capacity – report
BENGALURU (Reuters) - Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric...
Syndicated Content Jul 12, 2023
Marketmind: UK data deluge and the run-up to recession
A look at the day ahead in European and global markets from Vidya Ranganathan A big bunch of numbers is due out of Britain today - GDP, industrial output, construction - and will call into question th...
Syndicated Content Jul 12, 2023
Big companies toughen banking partner screening after crisis – survey
By Laura Matthews NEW YORK (Reuters) - Large companies are spreading out their counterparty risk and increasing screening of their banking partners in response to the recent banking crisis that has be...
Syndicated Content Jul 12, 2023
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