US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) – A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since…
Turkey year-end inflation seen at 46% despite likely post-election rate hikes – Reuters poll
ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to 24% next quarter after upcoming elections that…
Asia likely to grow 5% faster than developed economies by year-end – Morgan Stanley
(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan…
Toronto stocks seen up 6.2% by year-end, despite ‘wall of worry’: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will add to its rally this year and hit a record high in 2024 as the Bank of Canada turns less hawkish…
Ukraine war expected to cost Germany 160 billion euros by year-end
BERLIN (Reuters) – The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the…
U.S. travel insurance to take off as year-end cancellations spook flyers
By Priyamvada C (Reuters) – Demand for travel insurance in the United States is set to jump this year, as more Americans turn cautious after a spike in flight cancellations and lost…
EY sees favourable conditions by year-end or early-2024 to list arm
By Divya Chowdhury and Nishara Karuvalli Pathikkal (Reuters) – EY Global expects favourable market conditions by the end of this year or early 2024 to list its consulting and a part of…
Investors eye year-end rally as stocks pass week’s first test with tame CPI
By Lewis Krauskopf NEW YORK (Reuters) – Investors grew more upbeat about a year-end U.S. stock rally after a softer-than-expected inflation report on Tuesday lifted sentiment a day ahead of a Federal…
No Renault deal by year-end as some at Nissan urge caution -sources
By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – Nissan Motor Co Ltd doesn’t expect to reach an agreement with top shareholder Renault by year-end on retooling their alliance as…
IAEA chief hopes to find solution for Zaporizhzhia nuclear plant by year-end
MILAN (Reuters) – The International Atomic Energy Agency hopes to reach an agreement with Russia and Ukraine to create a protection zone at the Zaporizhzhia nuclear power plant by the end of…
Ukraine inflation to hit 30% by year-end – deputy cenbank governor
LONDON (Reuters) – Ukraine’s Deputy Central Bank Governor Kateryna Rozhkova said on Thursday inflation in the war-torn country would hit 30% by year-end and stay elevated next year. However, tight monetary policy…
JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end – sources
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com aims to win Beijing regulators’ approval to list in Hong Kong as…
Analysis-Investors face expensive quest for year-end cash and safe assets
By Yoruk Bahceli (Reuters) – As the most volatile period in years for traders draws to a close, the year-end dash for cash and high-quality assets will likely prove more challenging than…
IMF chief Georgieva aims to complete Zambia, Chad debt restructuring by year-end
By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad could be completed by the end of…
Americans Griner, Whelan may gain release from Russia by year-end, ex-U.S. diplomat says
By Tyler Clifford NEW YORK (Reuters) – WNBA star Brittney Griner and former U.S. Marine Paul Whelan, who are being held in Russia, could gain release by the end of this year,…
Credit Suisse, Citi cut 2022 year-end target for S&P 500
(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central…
Russia seen holding rates at 7.5% until year-end as inflation remains elevated: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s rate-cutting cycle is over for now, a Reuters poll suggested on Friday, with analysts expecting the central bank to keep its key…
Toyota to start selling small electric sedan in China by year-end – sources
By Norihiko Shirouzu BEIJING (Reuters) – Toyota Motor Corp plans to start production and sales of a small electric sedan powered by BYD Co Ltd batteries by year-end as part of an…
AmEx to hire 1,500 tech staff by year-end even as recession looms
(Reuters) – American Express Co said on Monday it is looking to hire around 1,500 people for technology roles, shrugging off fears of an economic slowdown that has prompted other U.S. financial…
Russian stocks to pare some heavy losses by year-end – Reuters poll
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) By Andrey Ostroukh MOSCOW (Reuters) – Russia’s stock market will pare some of its heavy…
Ukrainian economy could contract 35-40% by year-end – minister
KYIV (Reuters) – Ukraine’s economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday. Hit by Russia’s Feb. 24 invasion, the economy contracted 15.1% year-on-year…
Turkey’s C/A deficit seen at $3.4 billion in June; $40.2 billion at year-end: Reuters poll
ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more than $40 billion, a Reuters poll showed…
Stellantis to leave ACEA auto manufacturers association by year-end
MILAN – Stellantis said on Monday it would leave the European carmaker association ACEA by the end of 2022 as part of a new approach to addressing issues and challenges of future…
Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford
By Paul Lienert (Reuters) – Solid Power, a developer of solid-state batteries for electric vehicles, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford…
Japan’s Nikkei seen rising 7% to 29,000 by year-end, erasing 2022 losses: Reuters poll
By Kevin Buckland TOKYO – Japan’s Nikkei share index, which has had a rollercoaster ride in the past year, is forecast to climb over 7% to 29,000 by end-2022, a level last…
Kremlin aide Oreshkin says Russia’s year-end inflation will not exceed 15%
(Reuters) – Russian presidential aide Maxim Oreshkin on Thursday said year-end inflation in Russia would not exceed 15% and would be on a steady disinflationary trend in the coming weeks. Oreshkin is…
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