ZURICH (Reuters) – The Swiss economy grew by a faster than expected rate at the start of the year, the government said on Tuesday, supported by robust domestic demand and rising exports. Economic output, when adjusted for sporting events, grew by 0.5% in the first three months of 2023 compared with the last quarter of …
Swiss economy grows at faster than expected rate in first quarter Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan U.S. and UK markets return from their long weekend on Tuesday with a touch of ambivalence, happy that the weekend resulted in a U.S. debt ceiling agreement and yet anxious about how the deal will fare in congress. More detail and …
Marketmind: Too soon to drink to the US debt deal Read More »
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The last great hope for China’s faltering post-pandemic rally is fading as the nation’s legion of small-time investors turns bearish on equities to double down instead on safer assets amid a stuttering economic recovery. Brokers and money managers had expected billions of yuan in excess savings …
Analysis-Small investors are souring on China’s recovery Read More »
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will patiently maintain its ultra-loose monetary as there is some distance to sustainably achieve its 2% inflation target, downplaying expectations for a policy change in the near-term. “We expect inflation to quite clearly slow below …
BOJ chief says to patiently keep ultra-easy policy Read More »
By Steven Scheer JERUSALEM (Reuters) – Israel’s competition watchdog sought more data on Sunday from the country’s banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren’t adequately sharing the benefits with customers. The investigation, which began in 2022, wasn’t made public prior to Sunday. In …
Israel watchdog seeks data from banks in interest rate probe Read More »
MEXICO CITY (Reuters) – Mexico will in 15 days launch a public tender for the construction of 10 industrial parks at a planned business corridor on an isthmus in the south of the country, President Andres Manuel Lopez Obrador said on Monday. Auto makers, tech companies and semiconductor producers could be among investors in the …
Mexico to launch tender for 10 industrial parks in 15 days Read More »
By Karin Strohecker and Libby George LONDON (Reuters) – The top policymaker picks of Turkey’s re-elected president Tayyip Erdogan are taking centre stage as markets try to gauge whether he will change course towards economic orthodoxy or double down on policies widely viewed as unsustainable. Erdogan is widely expected to use his victory in Sunday’s …
Analysis-Investors’ hopes for Turkey’s economic future ride on new cabinet picks Read More »
By Jason Lange WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly …
(Reuters) -Key jobs figures in the United States, Chinese business activity data and European inflation readings are giving more evidence on the pull and push factors impacting the world’s top economies. A deal on the U.S. debt ceiling, struck on Sunday, will move to Congress for a vote while in Turkey, voters gave President Tayyip …
(Reuters) – Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, adding that the transaction is expected to close in the first half of 2024. ($1 …
Talanx buys Liberty Mutual’s Latin America business for 1.38 billion euros Read More »
