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…
United Airlines expects fuel prices to stay high over long-term, says CEO
DOHA – United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based on current…
Peru expects lower economic growth on impact of mine protests
LIMA – Peru’s economic growth will likely be slightly lower this year, according to a new central bank forecast on Friday following disruptions to major mining projects in the Andean nation, the…
Russian lawmaker expects Google to stay in Russia
(Reuters) – The deputy head of the State Duma parliamentary committee on information policy, Anton Gorelkin, said on Thursday he expected Google would remain in Russia. Moscow has no intention of blocking…
Japan PM Kishida expects BOJ to stick to 2% inflation goal
By Tetsushi Kajimoto and Kantaro Komiya TOKYO -Japanese Prime Minister Fumio Kishida said on Wednesday he expected the Bank of Japan (BOJ) to stick to a 2% inflation target, when asked about…
Citibank expects Swiss central bank to raise interest rates next week
LONDON – Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss inflation rose in May by the most…
White House expects next inflation numbers to be elevated
ABOARD AIR FORCE ONE – The White House expects the next round of economic data to show elevated numbers on inflation, press secretary Karine Jean-Pierre told reporters on Wednesday. Speaking to reporters…
Pakistan expects GDP growth to slow to 5% amid fiscal consolidation
By Asif Shahzad ISLAMABAD – Pakistan GDP growth will slow to 5% for the upcoming fiscal year beginning on July 1, from 5.9% in the outgoing year, following budgetary tightening aimed at…
Moscow expects big jump in profits from energy exports in 2022
(Reuters) -Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump in profits from energy shipments this year.…
Europe’s south expects over 150,000 migrant arrivals this year – minister
MILAN – Mediterranean countries on major migrant routes into Europe expect over 150,000 arrivals this year as food shortages caused by the Ukraine conflict threaten a new migration wave from Africa and…
3M expects $300 million revenue hit from China COVID lockdowns
(Reuters) – Industrial conglomerate 3M CO on Wednesday warned of a $300 million hit to revenue in the current quarter as COVID lockdowns in China slam demand and worsen supply chain issues.…
Nepal expects 5.8% growth as COVID-19 cases fall – minister
By Gopal Sharma KATHMANDU – Nepal’s economy is expected to expand by 5.8% in the current financial year ending mid-July, helped by a pick-up in economic activity following a fall in COVID-19…
Ukraine get missiles, howitzers as Zelenskiy expects good news on arms
(Reuters) -Ukraine has started receiving Harpoon anti-ship missiles from Denmark and self-propelled howitzers from the United States, arms that will bolster forces fighting Russia’s invasion, Ukrainian Defence Minister Oleksiy Reznikov said on…
Dutch insurer NN Group expects to bring forward coal investment exit
By Jessica DiNapoli DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears about Europe reverting to burning the fossil…
Exclusive – U.S. Republican Senator Toomey expects Barr to be confirmed to Fed
By Dan Burns DAVOS, Switzerland – Republican U.S. Senator Pat Toomey said Monday it is likely Michael Barr will be confirmed as the Federal Reserve’s Wall Street cop, although he has not…
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year – minister
CAIRO – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait said on Saturday. Tourism revenues are expected…
Goldman Sachs expects one third of HY China property firms to default in 2022
LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity extensions. Since…
J.P. Morgan upgrades Chinese internet stocks, expects uncertainties to abate
(Reuters) – J.P. Morgan analysts upgraded the stocks of some Chinese internet companies on Monday and the brokerage expects “significant uncertainties” faced by the sector to abate. China signaled an easing of…
China stats bureau expects economy to improve in May
BEIJING – China’s statistics bureau on Monday said it expects China’s economy to improve in May and that a recovery in consumption would quicken. China is steadily pushing forward production resumption in…
Egypt expects to reach a agreement with IMF ‘within months’
(Reuters) – Egypt expects to reach a new programme with the International Monetary Fund “within months”, Prime Minister Mostafa Madbouly said on Sunday in a televised news conference. In March, Egypt said…
Renault expects first hydrogen utility sales in Germany and Netherlands soon, executive says
PARIS – Renault hopes to receive first orders for its hydrogen-powered minibuses and vans from the Netherlands and Germany soon, the head of the company’s light commercial vehicles department told Reuters, as…
Cuervo parent Becle expects supply problems to persist, CEO says
(Reuters) – Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, expects to see more supply chain problems this year, the company’s chief executive said…
Gazprom expects 4% fall in gas output in 2022
(Reuters) – Russia’s Gazprom expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the impact of…
Telefonica Brasil expects $1.09 billion of synergies with Oi deal
SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) in value. In a presentation the company,…
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able to sell a state-owned bank, President Guillermo…
Air Lease to write off jets stranded in Russia, expects $802 million in charges
(Reuters) – Air Lease Corp said on Friday it would write off the value of the 27 jets it has remaining in sanctions-hit Russia, a move that is expected to lead to…
Breaking News
