BERLIN (Reuters) – More than half of German manufacturers consider an upturn in nominal revenue as realistic only next year after taking a more pessimistic outlook for 2024, a survey by the VDMA association showed on Thursday. Around 40% expect revenue to fall in the current year, while 23% expect them to stagnate, according to …
Half of German manufacturers expect revenue growth only in 2025, VDMA reports Read More »
By Noel Randewich and Ankika Biswas NEW YORK (Reuters) -The Nasdaq and S&P 500 hit record highs on Wednesday fueled by gains in Nvidia and other Wall Street heavyweights ahead of inflation data and quarterly earnings reports due this week. It was the fifth straight day of intraday record highs for the S&P 500 and …
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank will make interest rate decisions “when and as” they are needed, pushing back on a suggestion that a September rate cut could be seen as a political act ahead of the fall presidential election. “Our undertaking is to …
Powell says Fed will cut rates when ready, regardless of political calendar Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s Senate Constitution and Justice Committee postponed for a week voting on a constitutional amendment proposal granting the central bank financial autonomy, it said on Wednesday, to allow time to draft a new consensus text. The decision followed a suggestion by Senator Jaques Wagner, the government leader in the Upper …
Brazil senate committee postpones vote on central bank financial autonomy Read More »
(Reuters) – U.S. Federal Reserve Chair Jerome Powell on Wednesday said the central bank would make decisions on interest rates “when and as they need to be made” with no consideration to the coming presidential election. In response to a Republican lawmaker’s question about the possibility of the Fed cutting interest rates at its meeting …
Fed’s Powell: Will act ‘when and as’ needed, regardless of election Read More »
By Mike Dolan LONDON (Reuters) – The remarkable thing about investor reaction to the UK’s new Labour government is how much just a modicum of stability, consistency and competence is being richly applauded. With exposure to British assets at such a low ebb after a decade of Brexit upheaval, seemingly endless leadership switches and 2022’s …
Column-Labour faces low bar in re-attracting foreign funds: Mike Dolan Read More »
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Some of the largest U.S. banks will probably report weaker profits for the second quarter as they earn less from interest payments and set aside more money to cover deteriorating loans, analysts said. As banks kick off earnings season on Friday, analysts predict provisions could …
US bank profits face pressure from lower interest payments, higher credit losses Read More »
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said on Tuesday central bank independence is a proven and politically popular way to achieve the best possible outcomes for the U.S. economy. “The record is pretty clear” that a central bank that operates outside of political factors and direction is “a good …
Fed’s Powell defends central bank independence as challenges loom Read More »
By Suzanne McGee (Reuters) -Goldman Sachs Asset Management (GSAM) executives expect the U.S. economy to grow at a slower clip of about 2% in the second half of 2024, they said on Tuesday, with equity indexes seen largely flat due to declining earnings growth and political anxieties. That makes the investment landscape more complex, but …
Goldman Sachs asset managers see US economy, stocks slowing Read More »
BRASILIA (Reuters) – Brazil Senate President Rodrigo Pacheco presented a bill on Tuesday that significantly reduces the charges on state debt payments to the federal government. If the proposal gets congressional approval, the interest charges will correspond only to inflation, provided certain conditions are met, and the payments will be made over up to 30 …
