Bond Traders Downgrade 2023 Fed Rate-Cut Odds to a Coin Toss
Bond traders no longer view the odds of a Federal Reserve rate cut this year as better-than-even.
Bloomberg Business
India’s GDP Growth Slows as Higher Interest Rates Take Toll
(Bloomberg) — India’s economy fared below expectations in the three months through December as a gloomy global outlook and rising borrowing costs hurt manufacturing and consumption.
Nigerian Oil Hub Halts Vote Counting, May Further Delay Results
An electoral officer in Rivers State, Nigeria’s main oil hub, suspended the collation of votes on Tuesday, potentially delaying the announcement of the presidential election result further.
France Calls for Europe to Throw Its Weight Behind Nuclear Power
France wants Europe’s nuclear industry to be recognized as a key force that can help the continent compete with the US and China.
German Prosecutors Raid Homes of HSBC Employees Over Cum-Ex
German prosecutors raided homes of 16 HSBC Holdings Plc employees and former top managers as part of their vast probe into the Cum-Ex tax dividend scandal.
Russia Seen Favoring India Even as China’s Oil Demand Rebounds
Russia will keep selling as much oil as it can to India despite the rebound in Chinese demand, according to commodity-data firm Kpler.
UK’s Big Energy Short Pays Off With £1.2 Billion Windfall
The UK government is set to make £1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy Ltd. last year.
BMO Tops Estimates as Wild Markets Help Canada Bank Traders
Bank of Montreal’s capital-markets division helped the company’s earnings beat estimates last quarter, continuing a string of Canadian banks that are posting strong trading results amid volatile markets.
Airbnb’s $24 Billion Gain Fails to Dissuade Bears
With earnings and its stock in the ascent, Airbnb Inc. has made a stellar start to 2023. Yet not all analysts are buying it.
Lufthansa Travelers Face Agony of Choice With Many Seat Options
Deutsche Lufthansa AG unveiled a new cabin configuration that gives passengers more than half a dozen seating options in business class alone, alongside a redesigned premium economy and first class as more travelers splurge on the most expensive berths.
