UNITED NATIONS (Reuters) – The global economy is projected to grow by 4% in 2022 – down from 5.5% last year – and expand 3.5% in 2023 amid new waves of COVID-19 infections, labor market challenges, supply-chain constraints and rising inflation, according to a U.N. report released on Thursday. The World Economic Situation and Prospects …
U.N. report projects global economy growth to slow in 2022, 2023 Read More »
By Anisha Sircar and Ambar Warrick (Reuters) -European stocks were muted on Thursday as losses in defensive sectors were matched by gains in automakers and technology stocks on hopes of improving semiconductor supply. The pan-European STOXX 600 ended largely unchanged at 486.05 points, with shares in healthcare, and personal and household goods falling the most, …
European stocks end flat as weak defensives outweigh tech, auto gains Read More »
By Mircely Guanipa and Marianna Parraga (Reuters) – Venezuela has ramped up shipments of gasoline and food to Cuba since November, providing key supplies to one of President Nicolas Maduro’s closest allies, according to documents from Venezuelan state-run oil company PDVSA and Refinitiv Eikon tanker tracking data. From late November through early January, PDVSA shipped …
Venezuela ramps up gasoline, food supply to Cuba -documents Read More »
By Andrey Ostroukh MOSCOW (Reuters) – The Russian rouble fell sharply on Thursday and government bonds fell to more than a three-year low amid growing geopolitical concerns about Moscow’s standoff with the West. The rouble dropped after Russian Deputy Foreign Minister Sergei Ryabkov said Washington’s rejection of Moscow’s key security demands was leading talks into …
Rouble falls sharply past 76 vs dollar as geopolitical concerns weigh Read More »
By Benjamin Mejias and Marco Aquino LIMA (Reuters) – Peru’s sol currency, which plunged last year due to political risk, is bouncing back so far in 2022 and likely to keep strengthening, analysts and traders said, as interest rates rise and copper prices soar. The currency has risen more than 2% against the dollar this …
Analysis-Rising sol: Peru’s currency gains lift from rate hikes, trade winds Read More »
(Reuters) – Wells Fargo expects the U.S. Federal Reserve to raise interest rates four times this year, the bank said on Thursday, while downgrading its 2022 growth forecast for the world’s biggest economy on growing threats from the Omicron variant of the coronavirus. Wells Fargo economists expect the first rate increase in March, when the …
Wells Fargo expects four U.S. rate hikes this year, cuts growth forecast Read More »
By Jamie McGeever ORLANDO, Fla. (Reuters) – The Federal Reserve has clearly ratcheted up its new year anti-inflation rhetoric to match red hot labor markets and consumer price gains – but the speed and breadth of its tone change may have as much to do with forcing money markets to take it more seriously. With …
Fed’s hawkish comms blitz takes aim at skeptical market: McGeever Read More »
By Echo Wang (Reuters) -Private-equity firm TPG said on Wednesday it raised $1 billion in its U.S. initial public offering (IPO) at a valuation of $9.1 billion. TPG’s stock market debut comes a decade after most of its major peers went public. The firm spent years recovering from a string of poor investments in the …
Private-equity firm TPG raises $1 billion in IPO Read More »
By Kanishka Singh and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden admitted on Wednesday that his administration still had “more work to do with price increases still too high” even as he stated that there was progress made in slowing the rate of price rises. His statement was released by the White House after …
By Svea Herbst-Bayliss BOSTON (Reuters) – Huntsman Corp reacted to Starboard Value’s decision to nominate four directors to its board on Wednesday, saying the two sides had consulted on key matters but that the activist investor is forcing it into an “unnecessary” board room fight. Chemicals maker Huntsman said investment firm Starboard did not act …
Huntsman says Starboard is forcing company into ‘unnecessary’ proxy fight Read More »
