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…
Citigroup expects ECB to take deposit rate to 4% by July this year
(Reuters) – Citigroup expects the European Central Bank to hike rates by 50 basis points each in March and May to push its policy rates to about 4% by July. Economists led…
Goldman Sachs expects ECB to raise rates by 50 bps in May meeting
(Reuters) – Goldman Sachs raised its estimate for peak interest rate hike by the European Central Bank for the second time in as many weeks, saying it now expects rates to go…
Swiss government says it expects economic slowdown but no recession
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end…
Citigroup expects $190 million of costs tied to Russia wind-down
(Reuters) – Citigroup Inc said on Monday it was expecting $190 million of costs tied to winding down its consumer and institutional banking business in Russia, as of the end of last…
J.P.Morgan expects additional 25bps rate hike from BoE in June
(Reuters) – The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more monetary policy tightening may be needed to tame underlying…
Philippines central bank chief expects one more rate hike this year, possibly in March
MANILA (Reuters) – The Philippine central bank will likely raise interest rates one more time this year and that could happen at its next monetary policy meeting in March, most likely by…
China expects sharp rebound in tourism this year
BEIJING (Reuters) – China expects its tourism market to flourish this year, starting with a busy and robust summer travel season as travellers flock to vacation destinations after the government ended its…
Goldman Sachs expects ECB to raise rates thrice this year
(Reuters) – Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier. In a note…
Oil-rich Guyana expects annual economic growth of over 25% in coming years
By Neil Marks and Marianna Parraga GEORGETOWN (Reuters) – Guyana’s government is forecasting the nascent oil producer’s economy, which has recently been among the world’s fastest-growing, will expand by at least 25%…
EY expects ‘massive approval’ in vote to split up company
By Huw Jones LONDON (Reuters) -Partners in EY are expected to give approval for spinning off the company’s consulting arm and listing it on the stock market by the end of the…
Unilever expects Chinese ‘consumption boom’ in wake of lockdowns
By Richa Naidu LONDON (Reuters) – Unilever said on Thursday it expects a “consumption boom” in China as lockdowns ease, flagging $1.5-$2 trillion in “excess household savings” it believes could boost its…
Spirit Airlines says expects DOJ decision on JetBlue merger in around 30 days
(Reuters) – Spirit Airlines Inc said on Tuesday it expects U.S. antitrust regulators to decide whether to allow the low-cost carrier to proceed with its $3.8 billion merger with JetBlue Airways Corp…
S. Africa’s Sasol expects HY profit to double on higher oil price
(Reuters) – South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit. Sasol expects…
Aptiv says no EV production surge yet after price cuts
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client Tesla Inc…
Turkey expects to collect $5.32 billion in debt restructuring before elections
ANKARA (Reuters) – Turkey’s government is expecting some 100 billion lira ($5.32 billion) in payment as part of a restructuring of public debt worth 1 trillion lira under a draft law, an…
A&W Restaurants CEO expects milder cost increase this year
By Hilary Russ NEW YORK (Reuters) – A&W Restaurants expects the total costs its franchisees pay for paper, burger patties, ice cream and other goods to rise much more slowly in 2023…
BetMGM expects to become profitable in second half of 2023
By Radhika Anilkumar (Reuters) – U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after the MGM Resorts and Entain joint venture’s annual revenue beat its own forecasts,…
Northrop Grumman expects strong 2023 revenue as weapon demand surges
By Mike Stone and Nathan Gomes (Reuters) – U.S. defense contractor Northrop Grumman Corp on Thursday forecast full-year sales above Wall Street estimates, as it benefits from strong demand for weapons from…
Suntory CEO expects next BOJ governor to show clear policy roadmap
TOKYO (Reuters) – The head of Suntory Holdings Ltd, Takeshi Niinami, said on Tuesday he expected the next governor of the Bank of Japan (BOJ) to show a clear policy roadmap, including…
ECB’s Holzmann expects at least two rate increases in H1 -newspaper
VIENNA (Reuters) – European Central Bank policymaker Robert Holzmann expects at least two interest-rate increases of 50 basis points each in the first half of this year, he said in an interview…
Sri Lanka expects financing assurances from China for IMF deal within days
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka expects to get China’s backing for its debt restructuring plan within days to help unlock a $2.9 billion loan from the International Monetary Fund, a…
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a…
BHP expects China to support commodities demand in 2023
(Reuters) – BHP Group Ltd on Thursday posted higher quarterly iron ore shipments that edged past expectations and said China was set to be a stabilizing force for commodities demand this year as…
Turkish foreign minister says he expects U.S. to approve F-16 sale
WASHINGTON (Reuters) – Turkish Foreign Minister Mevlut Cavusoglu said ahead of a meeting with U.S. Secretary of State Antony Blinken in Washington on Wednesday that he expects the United States to approve…
HSBC expects Fed’s final rate hike on Feb. 1, cuts next year
NEW YORK (Reuters) – The Federal Reserve will likely hike its target interest rate for the last time at its Jan. 31-Feb. 1 monetary policy meeting, raising it by 50 basis points…
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