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…
JPMorgan expects to keep growing in Latin America with improved outlook
By Tatiana Bautzer SAO PAULO (Reuters) – JPMorgan Chase & Co will keep growing in Latin America over the next few years as it expects the region’s geopolitical outlook to improve, said…
India expects bilateral trade with Australia to exceed $45 billion in 5 years
NEW DELHI (Reuters) – India expects total bilateral trade with Australia of around $45 billion to $50 billion over the next 5 years, a trade ministry official said on Tuesday. Annual goods…
Barclays cuts 2023 global growth forecast, expects weakest growth in four decades
(Reuters) – Barclays economists on Wednesday cut their global economic growth forecast for 2023 as inflation is seen unlikely to fall quickly, forcing monetary policy to be ‘restrictive’. The brokerage warned that…
Goldman Sachs expects “significant” decline in U.S. inflation in 2023
(Reuters) – Goldman Sachs said it expects a “significant” decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage growth. The…
Indonesia expects G20 to deliver concrete outcomes for global economic recovery
JAKARTA (Reuters) – Indonesia’s President Joko Widodo told U.S. President Joe Biden on Monday that he expected the G20 summit to deliver concrete partnerships that might help global economic recovery. “We hope…
Elon Musk’s SpaceX expects first Starship launch to orbit this year -NASA
By Joey Roulette WASHINGTON (Reuters) -SpaceX is targeting early December to launch its giant Starship rocket system into orbit for the first time, a pivotal demonstration flight as it aims to fly…
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central Bank’s ultra cheap funding next month after…
Linde expects to benefit from U.S. clean-energy transition
By Bartosz Dabrowski and Andrey Sychev (Reuters) – Linde Plc, the world’s largest industrial gases company, said on Thursday it could benefit from the transition to clean energy in the United States,…
Pfizer expects to hike U.S. COVID vaccine price to $110-$130 per dose
By Michael Erman NEW YORK (Reuters) -Pfizer Inc expects to roughly quadruple the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government’s current purchase…
IBM expects to exceed annual revenue target on resilient cloud momentum
By Chavi Mehta (Reuters) -IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue growth targets as robust demand for the company’s digital services helps cushion…
Stellantis expects semiconductor supply to be fixed by end of 2023
PARIS (Reuters) – Carmaker Stellantis expects the shortage in the supplies of semiconductor chips to be fixed by the end of 2023 and inflation to be under control in one or two…
Citi expects global equities to rally 18% by end-2023
(Reuters) – Citigroup is expecting global equities to rise about 18% from now through the end of 2023, saying beaten down valuations from a relentless selloff this year may attract investors, although…
Exclusive-Germany expects recession next year as gas crisis bites – sources
By Holger Hansen BERLIN (Reuters) -The German government expects Europe’s largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising prices and supply bottlenecks take their toll,…
S.Korea central bank expects inflation to stay high for lengthy period
SEOUL (Reuters) – South Korea’s central bank said annual consumer inflation is expected to stay high at the 5-6% levels, with upside risks, for a considerable period of time. The Bank of…
Stellantis boss expects chip supply to remain ‘complicated’ until end 2023
PARIS (Reuters) – The head of carmaker Stellantis, Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday…
UK’s Co-op expects inflationary pressures to continue, interim profit slumps
(Reuters) – Britain’s Co-operative Group reported a sharp drop in its interim profit on Thursday, as the supermarkets-to-funerals provider continued to face supply chain snags, and higher wage and energy costs, amid…
French drugmaker Sanofi expects positive boost from currency markets in Q3
PARIS (Reuters) -French drugmaker Sanofi said it expected a positive boost to its third-quarter business results from movements on the currency markets, helped by the strength of the U.S. dollar since Sanofi…
Wells Fargo expects steeper U.S. rate hikes to quell rampant inflation
(Refiles to add media packaging code) (Reuters) – Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central bank’s increased resolve to…
Ferguson expects 2023 net sales growth in low single digits
(Reuters) – Ferguson Plc, a U.S.-focused plumbing supplies provider, said on Tuesday its net sales growth for fiscal 2023 was expected to be in low single digits after reporting a rise in…
WTO chief expects downside revisions in global trade forecast
GENEVA (Reuters) – The head of the World Trade Organization told Reuters on Tuesday that she expects that global trade forecasts will be revised lower from the current 3% for 2022, citing…
Upper Crust owner SSP expects full-year core earnings to beat expectation
(Reuters) – Upper Crust owner SSP said on Tuesday it expects full-year core earnings to be slightly ahead of its prior guidance, as passenger numbers recover to pre-pandemic levels. For the full…
Brazil’s Lula expects to reach trade agreement with EU in six months if elected
SAO PAULO (Reuters) – Brazilian presidential candidate Luiz Inacio Lula da Silva said on Wednesday he should reach an agreement on a trade deal between South America’s Mercosur trade bloc and the…
U.S. expects more banks will cut off Russian payment system Mir – senior official
WASHINGTON (Reuters) – Steps that Turkish lenders Isbank and Denizbank took to suspend the use of Russian payment system Mir make a lot of sense, a senior U.S. administration official said on…
Citigroup expects sale or IPO of Mexico consumer business next year
NEW YORK (Reuters) – Citigroup Inc expects to divest its Mexican consumer business via a sale or initial public offering that could happen next year, its chief financial officer said on Tuesday.…
U.S. Bancorp expects mortgages to be down 30%-35% in Q3 vs Q2
NEW YORK (Reuters) – U.S. Bancorp expects a 30% to 35% drop in mortgage revenue in the third-quarter from the second quarter as the housing market slows, its chief financial officer said…
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