(Reuters) – HSBC expects OPEC+ to accelerate supply hikes in August and September, which is likely to raise downside risks to the bank’s $65 per barrel Brent forecast from the fourth quarter of 2025, it said in a research note on Friday. The bank expects OPEC+ to implement two substantial production increases in August and …
HSBC flags downside risks to Brent price outlook due to OPEC+ supply hikes Read More »
By Amanda Cooper and Naomi Rovnick LONDON (Reuters) -Switzerland could be the first big economy to return to negative interest rates to fight a surging currency and falling prices, highlighting how quickly central bankers may be running out of conventional policy tools as a global trade war rages on. Data this week showing Swiss consumer …
Analysis-Why Switzerland’s strong franc could lead it back to negative interest rates Read More »
By Stephanie Kelly and Robert Harvey NEW YORK (Reuters) -Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing to lower prices in the country’s main oil-producing regions. The U.S., the world’s largest crude producer, …
Demand for US light sweet crude drops as OPEC+ ramps up output Read More »
FRANKFURT (Reuters) -German online car parts retailer Autodoc intends to list on the Frankfurt Stock Exchange via a secondary share sale, a bookrunner on the initial public offering said on Friday. The Berlin-headquartered company’s founders and the U.S. private equity firm Apollo Global Management will sell shares in the IPO but the size of the …
Car parts retailer Autodoc plans German IPO, bookrunner says Read More »
WARSAW (Reuters) -Poland’s Monetary Policy Council could return to discussions about rate cuts in July or September, central banker Przemyslaw Litwiniuk told TOK FM on Friday, adding that there may still be a total of 100-125 basis points of cuts this year. However, he said that due to certain risks regarding the path of disinflation …
Polish c.banker Litwiniuk: total of 100-125 bps of cuts possible this year Read More »
PARIS (Reuters) – Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the United Nations’ Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 127.7 points in May, reflecting a …
World food prices dip in May as cereal, sugar and vegoils drop Read More »
FRANKFURT (Reuters) -Economic growth in Germany, the euro zone’s biggest nation, will be weaker this year than already muted expectations and increased government spending will not significantly raise growth until the end of 2027, the Bundesbank said on Friday. Once the economic powerhouse of Europe, Germany has been contracting or stagnating for the third straight …
German government spending may take years to boost growth, Bundesbank says Read More »
ROME (Reuters) -Italy’s economy will grow by 0.6% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December amid mounting uncertainty over the impact of U.S. President Donald Trump’s tariff policy. In its twice-yearly economic outlook report, ISTAT also predicted that gross domestic product (GDP) in the …
Italy stats bureau cuts 2025 GDP growth estimate, in line with government Read More »
(Refiles to additonal subscribers, no change to story) NEW YORK (Reuters) -UBS hired two technology investment bankers in New York from Bank of America, according to a memo seen by Reuters on Thursday. David Larsen will join the Swiss bank in September, to focus on application software, according to the memo by Laurence Braham, the global …
UBS hires tech bankers Larsen, Michlovich from BofA in New York Read More »
ATHENS (Reuters) -If the European economy weakens further then the European Central Bank might cut interest rates again, policymaker Yannis Stournaras told Bloomberg TV in an interview on Friday, adding that “this is not expected”. The ECB cut rates for the seventh time in a row on Thursday to prop up a euro zone economy …
ECB’s Stournaras: Another rate cut dependent on economy weakening further Read More »
