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…
Brazil’s Multiplan CEO expects shopping center sector to surpass pre-pandemic levels
RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac Peres, mall operator Multiplan’s chief executive on…
BMW’s CEO expects chip shortage to last into 2023
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue…
Russia Expects To Get Richer Despite Being Slapped With Western Sanctions
Russia Expects To Get Richer Despite Being Slapped With Western Sanctions Thomas Catenacci on April 5, 2022 The Russian government is projecting an increase of nearly $10 billion in energy revenue in…
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB…
Spain expects Easter bounce to lift tourism to 80% of pre-COVID levels
MADRID – Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en masse for…
Syngenta expects Ukraine harvest to fall by a third
ZURICH – Swiss agrochemicals group Syngenta expects crops output in Ukraine to slump substantially this year, it said on Thursday, as it announced fourth-quarter results. “We hope to be able to save…
Property developer China Vanke expects 2022 profit to stabilise
HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after Chairman Yu Liang apologised to investors for…
White House expects an influx of people to border if COVID-era policy is lifted
WASHINGTON – The White House expects an influx of people to the border if Title 42, which is a COVID-era order that has blocked over a million migrants at the U.S.-Mexico border,…
Goldman Sachs expects Hong Kong home prices to fall 20% by end-2025
HONG KONG – Goldman Sachs said Hong Kong residential property prices could drop as much as 20% through 2025, hurt by a drag on household income and homebuyer demand caused by the…
Citi expects revenue in Brazil to grow 50% over the next 3 years
SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that demand for…
Antofagasta expects high copper prices for next 12 months, CEO says
By Fabian Cambero SANTIAGO – The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO of Chile’s…
Italy expects to sell Monte dei Paschi after restructuring
By Giuseppe Fonte and Valentina Za ROME – Rome expects to return Monte dei Paschi di Siena into private hands only after the bailed-out lender completes restructuring steps it is currently discussing…
Indonesia expects fiscal pressure from high global fuel, food prices
JAKARTA – High global commodity prices have helped Indonesia book a strong fiscal position, but its budget will face pressure from inflationary shocks in coming months as the government keeps fuel prices…
El Salvador postpones bitcoin bond issue, expects better conditions
By Nelson Renteria SAN SALVADOR – El Salvador postponed an unprecedented issue of a bitcoin-backed bond planned for last week, as the government decided to wait for favorable conditions in the financial…
BNY Mellon expects $100-million revenue hit in first quarter from Russia pullback
– Bank of New York Mellon Corp said on Thursday it has paused new banking business in Russia and expects a $100-million revenue impact in the first quarter as it joins a…
ECB expects core inflation to fade as energy prices level off: Lane
FRANKFURT – Much of the underlying inflation in the euro zone is a factor of high energy prices and will likely fade over time as fuel costs off, European Central Bank chief…
Akzo Nobel expects its Russian plants to go out of business
AMSTERDAM – Dutch paints and coatings maker Akzo Nobel expects its four plants in Russia to be out of business within a few months due to economic sanctions and a shortage of…
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing…
New sustainability body expects voluntary adoption of norms at first
By Huw Jones LONDON – Companies in the United States and elsewhere will voluntarily use new global climate-related disclosures even if making them a mandatory requirement takes longer, the chair of a…
TUI expects holiday bookings to rise towards 2019 levels
FRANKFURT – TUI, the world’s largest holiday company, is seeing a rise in holiday bookings towards pre-pandemic levels, the head of the group’s German business told a newspaper. “Our customers have some…
BMW halts export of cars to Russia, expects production interruptions
FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground there. The company also said it expected…
Cummins says expects ‘some impact’ in Russia; Deere says to abide by sanctions
By Bianca Flowers – Cummins Inc. expects “some impact” to its business in Russia and is analyzing and preparing for current and anticipated sanctions, the U.S. truck engine maker said in an…
EU says expects millions of displaced Ukrainians
BRUSSELS -The EU’s executive said on Sunday that Europe was facing its biggest humanitarian crisis in many years following Russia’s invasion of Ukraine, and the number of Ukrainians internally displaced by the…
Brazil’s Vale expects Russia-Ukraine conflict to affect price of nickel, pellets
– Executives of miner Vale SA said on Friday that Russia’s invasion of Ukraine has led to speculation in the price of nickel, and they expect the conflict to also influence the…
Mercedes-Benz expects 2 pp headwind from raw materials – CFO
BERLIN – Mercedes-Benz expects a headwind from higher raw material prices of around 2 points to its return on sales this year, Chief Financial Executive Harald Wilhelm said in an analysts call…
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