US consumers see smaller inflation gains ahead, New York Fed says
By Michael S. Derby (Reuters) – U.S. consumers’ projection of inflation over the short run fell to the lowest level in nearly three years in December, the New York Federal Reserve said…
China regulator to speed reform of smaller financial institutions
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. The National…
Olympics-Tahiti locals say plans for smaller surf judging tower still unacceptable
By Lincoln Feast (Reuters) – Residents of the Tahitian village that will host the 2024 Olympic surfing event remain opposed to plans to build a new smaller judging tower on the reef,…
Northern Trust posts smaller drop in Q3 profit on robust fee-based income
(Reuters) – Asset and wealth manager Northern Trust on Wednesday posted a smaller-than-expected drop in third-quarter profit as a rise in fee-based income cushioned the hit from a drop in its interest…
Starbucks launches smaller cup size in China as competition grows
By Sophie Yu and Brenda Goh BEIJING (Reuters) – U.S. coffee chain Starbucks has rolled out a new smaller cup size in China, its second largest market, in an aim to attract…
Adidas sees smaller 2023 loss thanks to Yeezy sales
BERLIN (Reuters) -Unexpectedly strong sales of Yeezy shoes left over from Adidas’ abandoned collaboration with rapper Ye should reduce the sportswear giant’s expected operating loss this year to 450 million euros ($498.56…
Global accounting firms set up shop in India’s smaller cities
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global…
ECB backs draft EU rules for winding down smaller banks
FRANKFURT (Reuters) – The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when they fail, but said they should be more ambitious and apply across…
Analysis-HSBC dumps London tower for smaller office as real estate reckoning unfolds
By Iain Withers and Chiara Elisei LONDON (Reuters) – HSBC’s move to ditch its 45-floor Canary Wharf tower in favour of a much smaller development in central London is one of the…
US Fed’s Logan says ‘smaller, less frequent’ hikes may be safer for stability
AMELIA ISLAND, Florida (Reuters) – Changing interest rates in “smaller, less frequent steps” can make it less likely that U.S. Federal Reserve monetary policy causes financial instability, Dallas Fed President Lorie Logan…
Smaller Chinese banks cut deposit rates on squeezed margins
BEIJING (Reuters) – Several small and mid-sized banks in China have lowered their deposit interest rates, a move that could help ease costs as loan growth faces more pressure amid rising economic…
Russia set for smaller GDP contraction in 2023, but no room for rate cut: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s economy is set for a shallower contraction this year than previously thought, a Reuters poll showed on Friday, but above-target inflation will…
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer Jason Cohen on March 30, 2023 Bank customers moved billions of dollars in deposits from smaller institutions to larger ones…
Goldman Sachs exec: Smaller banks must prepare for stricter regulations -Handelsblatt
FRANKFURT (Reuters) – Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said some smaller banks will need more capital and the sector should brace for stricter regulation of regional…
Ferragamo posts smaller than expected operating profit drop
MILAN (Reuters) – Italian luxury goods group Salvatore Ferragamo on Thursday reported a smaller-than-expected 10.8% drop in operating profit for 2022, as it shouldered higher costs in a push to relaunch the…
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…
Fed seen near certain to switch to smaller rate hikes as inflation slows
(Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop raising rates short of 5%, after a…
Ford reports smaller drop in 2022 U.S. sales as inventory levels improve
(Reuters) – Ford Motor Co on Thursday posted a smaller decline in annual U.S. sales compared to a year earlier, as an improvement in inventory levels allowed the U.S. automaker to ship…
Carnival Corp posts smaller loss as it tightens control on costs
(Reuters) -Carnival Corp on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up about 7% in morning trade. Cruise operators…
Malaysia PM signs cooperation pact with smaller parties ahead of confidence vote
KUALA LUMPUR (Reuters) – Malaysian political parties supporting Prime Minister Anwar Ibrahim on Friday signed a cooperation pact promising to ensure stability, ahead of a confidence vote on the premier next week.…
Bond investors expect smaller Fed rate hike but brace for inflation shocks
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard by a…
RBI seen raising rates by smaller 35bps in Dec, hiking again in early 2023: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters who…
Three Fed bank boards wanted smaller discount rate hike
(Reuters) – Directors at three of the Federal Reserve’s 12 regional banks supported a smaller increase in a key emergency borrowing rate than the 75-basis point rate hike the U.S. central bank…
ECB’s Makhlouf sees smaller interest rate hikes in 2023, if needed
DUBLIN (Reuters) – The European Central Bank will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on…
ECB’s Schnabel pushes back on smaller rate hikes
LONDON (Reuters) – European Central Bank board member Isabel Schnabel pushed back on Thursday against calls from many of her colleagues for smaller interest rate increases by the ECB, saying this could…
ECB’s Nagel opens door to smaller hikes but sees long way to go
FRANKFURT (Reuters) – Bundesbank President Joachim Nagel opened the door on Tuesday to smaller interest rate increases by the European Central Bank but said there was still a long way to go…
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