Analysis-China holds the key to Hong Kong’s shrinking stock market
By Summer Zhen and Xie Yu HONG KONG (Reuters) – Hong Kong’s efforts to revive its shrinking stock market are mere stopgap solutions, as analysts say a reversal in fortunes for Asia’s…
Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said on Friday in a biannual update of…
Shrinking US cattle herd squeezes meatpacker profits
By Tom Polansek CHICAGO (Reuters) – U.S. cattle producer Brad Kooima declined multiple, escalating bids from meatpackers seeking to buy his livestock to hold out for higher prices. His bargaining power is…
China’s top banks post shrinking margins in Q1
By Ziyi Tang and Engen Tham SHANGHAI/BEIJING (Reuters) – Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan re-pricing bites. Borrowers are struggling to repay…
Citigroup sees global profits shrinking 5% in aftermath of banking turmoil
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have had a…
Italy budget watchdog sees GDP shrinking by 0.2% in third quarter
ROME (Reuters) – The Italian economy is set to shrink by 0.2% in the third quarter of the year, the Italian parliament’s budget watchdog said on Wednesday, adding it expected growth of…
ECB could start shrinking balance sheet once rates hit neutral, Knot says
WASHINGTON (Reuters) – The European Central Bank should consider starting to shrink its oversized stock of assets once interest rates rise to a level that neither stimulates nor slows economic growth, Dutch…
ECB’s Villeroy lays out plan for shrinking balance sheet
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, first by getting banks to repay their loans and then…
Gap eliminates 500 corporate jobs amid shrinking margins
(Reuters) – Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at brands including…
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking John Hugh DeMastri on August 25, 2022 The Department Of Commerce revised the estimate of Gross Domestic Product (GDP) Thursday morning,…
Shrinking U.S. cattle herd signals more pain from high beef prices
By Tom Polansek CHICAGO – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs,…
Shrinking U.S. exports likely to build oil stocks at Cushing storage hub
By Laila Kearney and Stephanie Kelly NEW YORK – The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S.…
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day after the Federal Reserve raised interest rates…
SHEFFIELD: Nancy Pelosi’s Incredible Shrinking House Majority
SHEFFIELD: Nancy Pelosi’s Incredible Shrinking House Majority Carrie Sheffield on June 15, 2022 After her decisive victory last night, Republican Mayra Flores will be the first Mexican-born woman ever to serve in…
Analysis: European dealmakers face shrinking debt options as recession risk looms
By Pamela Barbaglia and Yoruk Bahceli LONDON – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into recession is prompting debt investors to demand…
Pentagon seeks to boost competition in shrinking defense contractor base
WASHINGTON – The Biden administration released a report on Tuesday detailing recommendations to boost competition in its defense industrial base because rapid consolidation has created a national security risk. The number of…
Breaking News
