Yellen says expects rents, biggest contributor to inflation, to move down this year
MILWAUKEE (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday said she expects the cost of rental housing – the single largest contributor to inflation – to move lower this year as…
Hungary minister expects decision next week about new reference rate
BUDAPEST (Reuters) – Hungary will decide in coming days on whether to proceed with a technical change in the calculation of loan repayment rates, intended to cut the cost of borrowing and…
Fisker expects to deliver unsold 2023 vehicles in first quarter, gains dealer traction
(Reuters) – Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner…
US Senator Grassley released from hospital, expects to return to work next week
WASHINGTON (Reuters) – U.S. Republican Senator Chuck Grassley, the most senior member of the Senate, has been discharged from hospital and expects to be back to work next week, his office said…
J.P.Morgan now expects BoE to start cutting interest rates in August
(Reuters) – J.P.Morgan said on Thursday it expects the Bank of England to start cutting interest rates in August this year, citing a possible easing in inflation and optimism about a soft…
Country Garden expects China property market to remain weak in 2024
HONG KONG (Reuters) – China’s largest private property developer, Country Garden, <2007.HK> expects the property market will remain weak in 2024 and the company could face more, “severe” challenges, its top management…
Union Pacific expects delay in rail shipments until weather conditions improve
(Reuters) – Union Pacific said on Friday a delay in shipments is expected to continue in the states impacted by heavy snow and severe thunderstorms as road closures were disrupting its ability…
BofA expects BoE to keep its bank rate on hold until August 2024
(Reuters) – BofA Global Research said on Friday it now expects the Bank of England to keep its bank rate on hold at 5.25% until August 2024 versus its prior forecast of…
Hewlett Packard Enterprise CEO expects no China challenge on $14 billion Juniper Networks deal
By Stephen Nellis (Reuters) – Hewlett Packard Enterprise (HPE) Chief Executive Antonio Neri told Reuters he does not foresee any major regulatory risks in China for his firm’s $14 billion bid to…
Fitch no longer expects a US recession, forecasts three rate cuts
NEW YORK (Reuters) – Credit rating agency Fitch no longer forecasts a U.S. recession this year due to several signs of strength in the economy, Fitch Ratings’ Chief Economist Brian Coulton said…
Ryanair expects to be 5-10 new aircraft short this summer -FT
DUBLIN (Reuters) – Ryanair expects to be five to ten aircraft short for its peak 2024 summer season due to Boeing delivery delays, likely forcing it to revise down its traffic growth,…
Bristol Myers expects to launch 16 new products through 2030 – CEO
(Reuters) – Bristol Myers Squibb CEO Christopher Boerner said on Monday the drugmaker expects to add 16 new products to its portfolio by the end of the decade. The drugmaker said it…
Twilio taps insider Shipchandler as CEO, expects revenue to exceed forecast
(Reuters) – Twilio said on Monday it has appointed insider Khozema Shipchandler as the new CEO and expects its fourth-quarter revenue to be above the top-end of its earlier forecast range, sending…
China’s Li Auto expects to launch first fully electric EV in March
(Reuters) – China’s Li Auto Inc said on Sunday it expects to launch and begin deliveries of its first fully electric car in March. Li Auto has already started taking pre-orders in…
Barclays expects BoE to deliver rate cut in May 2024
(Reuters) – Barclays said on Friday it expects the Bank of England (BoE) to start its interest-rate cut of 25 basis points in May, compared to its previous expectation of August 2024.…
Crypto miner Core Scientific expects to emerge from bankruptcy in January
(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a…
Trump’s campaign expects to clinch 2024 nomination by mid-March -senior official
By Gram Slattery and Nathan Layne WEST PALM BEACH, Florida (Reuters) – Former President Donald Trump’s campaign team projects he could formally clinch the Republican presidential nomination by March 19, given his…
Bosch expects to cut 1,500 jobs by 2025 at two German sites
FRANKFURT (Reuters) – Automotive supplier Bosch needs to cut up to 1,500 jobs at two of its German sites by 2025 to adapt staffing levels to changing demand and technologies in the…
BNP Paribas expects 75 bps rate cut from ECB next year
(Reuters) – BNP Paribas expects the European Central Bank (ECB) to deliver its first interest rate cut in April 2024 and a “gradual pace of cuts” through the year, citing weak economic…
Deutsche Bank expects ECB to cut rates by 150 bps in 2024
(Reuters) – Deutsche Bank said on Wednesday it expects the European Central Bank to cut interest rates by 150 basis points (bps) next year, 50 bps more than their earlier forecast, as…
Wells Fargo CEO expects severance expenses to exceed $750 million
By Nupur Anand NEW YORK (Reuters) – Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1…
Israel expects difficult new stage in Gaza, sticks to war aims – spokesperson
JERUSALEM (Reuters) – Israel expects difficult fighting in the new phase of its war in Gaza but is open to “constructive feedback” on reducing harm to civilians as long as the advice…
Germany’s Scholz expects coalition to swiftly agree deal on 2024 budget
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Monday he expected his coalition government to swiftly come to an agreement on the 2024 budget after a constitutional court ruling derailed its…
Fed’s Bowman says she still expects another interest rate hike
(Reuters) – The U.S. central bank will likely need to raise borrowing costs further in order to bring inflation back down to its 2% target over a reasonable period, Federal Reserve Governor…
Quebec expects possible profit with planned sale of A220 jet program stake in 2030
By Allison Lampert MONTREAL (Reuters) – Quebec expects to be in the black when it exits its minority stake at the end of the decade in Airbus’s now money-losing A220 narrowbody jet…
Fed’s Goolsbee expects easing shelter inflation to seal path to 2%
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the U.S. central bank will “do what it takes” to bring inflation down to the Fed’s 2% goal, but that…
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