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…
Biden expects debt ceiling bill on his desk by June 5 – White House
WASHINGTON (Reuters) – President Joe Biden expects to have the debt ceiling bill on his desk by June 5, before the U.S. runs out of money to pay its bills, White House…
Fed’s Daly: Expects unemployment rise as price of controlling inflation
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation…
Singapore’s DBS expects yearly earnings to beat $7.5 billion in medium term
By Navya Mittal and Yantoultra Ngui (Reuters) – Singapore’s biggest bank DBS Group on Monday said it expects to lift annual earnings to more than S$10 billion ($7.55 billion) within the next…
Micron expects Chinese ban to affect revenue up to high-single digits
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference…
BlackBerry expects up to 54% revenue growth in 2026, shares rise
(Reuters) – BlackBerry Ltd on Wednesday forecast as much as 54% jump in 2026 sales from current year on the back of growth in its cybersecurity business, sending shares up 5%. The…
Biden expects to meet lawmakers Tuesday for debt talks, says he is optimistic
REHOBOTH BEACH, Delaware (Reuters) -U.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation’s debt limit and…
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely…
JP Morgan now expects S.Africa 2023 GDP decline on deeper power cuts
(Reuters) – JPMorgan in a research note on Friday said it now forecast a 0.2% decline in South Africa’s 2023 gross domestic product versus a previous forecast for 0.3% growth, citing expectations…
Macquarie expects $1 billion from sale of U.S. port terminal operator Ceres – WSJ
(Reuters) – Australia’s Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar…
Wells Fargo CEO says regional banks are strong, but expects turmoil
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is “extremely strong” but added he expects more…
French government minister: expects food price inflation to ease off by September
PARIS (Reuters) – Food price inflation in France – which has been a major concern for consumers – should ease off by September, said government minister Olivia Gregoire on Sunday. “By the…
Germany expects deficit of 4.25%/GDP in 2023 – fin min
BERLIN (Reuters) – Germany expects to post a deficit of 4.25% of gross domestic product (GDP) in 2023, up from a 2.6% deficit the previous year, according to finance ministry calculations published…
Mexico’s Volaris expects to operate under top safety rating in Q4 – CEO
MEXICO CITY (Reuters) – Mexican airline Volaris expects to operate under the U.S. Category 1 aviation safety rating in the fourth quarter, which would allow the carrier to add global flights as…
Exclusive-Lilly expects US Medicare to reverse course, fully cover Alzheimer’s drugs
By Deena Beasley and Julie Steenhuysen (Reuters) – Eli Lilly and Co expects the U.S. Medicare health plan to back down from strict coverage limits on new Alzheimer’s drugs as more evidence…
Exclusive-Kenya expects $1.2 billion Q2 financing boost, seeks fresh IMF funds
By Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) – Kenya expects at least $1.2 billion in financing inflows between April and May and is in talks for new funding from the…
UniCredit CEO expects ECB to take ‘balanced approach’ on rate hikes
MILAN (Reuters) – The head of Italy’s UniCredit expects the European Central Bank (ECB) to take a ‘balanced approach’ on interest rate hikes, acting on the basis of economic data as they…
Denver Expects To Spend Tens Of Millions On Illegal Immigrants
Denver Expects To Spend Tens Of Millions On Illegal Immigrants Jennie Taer on April 4, 2023 The city of Denver, Colorado, is expected to spend up to $20 million to support illegal…
Sri Lanka expects to finalise a domestic debt rework by May
By Jorgelina do Rosario and Uditha Jayasinghe LONDON/COLOMBO (Reuters) – Sri Lanka will kick off a debt rework of part of its domestic debt next month and aims to finalise it by…
German court expects conviction for former Audi boss in diesel scandal
MUNICH (Reuters) – Former Audi boss Rupert Stadler is likely to become the first top executive to be convicted in the diesel emissions scandal, with a Munich court giving a preliminary assessment…
Republic First Bancorp expects to file annual report after deadline
(Reuters) – Republic First Bancorp Inc said on Friday it expects to file its annual report with the U.S. Securities and Exchange Commission by May 1, much later than the March 30…
Ford Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business John Hugh DeMastri on March 23, 2023 Ford expects to lose $3 billion on its electric vehicle department this year,…
KB Home expects Q2 net orders to fall amid tough year-ago comparisons
(Reuters) – U.S. homebuilder KB Home said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second quarter fell 24% from last year, issuing a rare mid-quarter update due…
ECB’s Holzmann expects more rate hikes to fight dogged inflation
(Reuters) – Inflation in the euro zone is proving tougher to crack than expected and the European Central Bank will likely need to raise interest rates further, possibly above 4%, Austrian central…
Norway sovereign fund expects to recover some SVB debt investment
OSLO (Reuters) – Norway’s sovereign wealth fund said on Monday it expects to recover some of the investment it made in the bonds of collapsed U.S. bank SVB Financial Group. “This is…
Bank of Korea expects monetary tightening to weigh more heavily on growth this year
SEOUL (Reuters) – South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022.…
Breaking News
