PARIS (Reuters) -France managed to eke out meagre growth in the final quarter of 2022 as falling energy imports and firm business investment offset a pullback in consumer spending, preliminary gross domestic product (GDP) figures released on Tuesday showed. The euro zone’s second-biggest economy grew 0.1% in the period, down from 0.2% in the third …
France eked out 0.1% growth in Q4 as energy crisis eased Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Recession worries are sending investors into Treasuries and other fixed income investments ahead of the Federal Reserve’s first meeting of 2023, even as stocks start the year with a hopeful rally. Yields on the benchmark U.S. 10-year Treasury note, which move inversely to prices, have fallen by around …
Bond investors brace for recession as Fed expected to slow pace of tightening Read More »
SAO PAULO (Reuters) -Brazil’s Finance Minister Fernando Haddad said on Monday that the new central bank monetary policy director could be tapped from the private sector, a closely followed position that should signal the president’s relationship with policymakers. Speaking to journalists after attending an event hosted by Fiesp industry association, Brazil’s biggest industry association, Haddad …
Brazil’s new monetary policy director could be from the private sector, says Haddad Read More »
MEXICO CITY (Reuters) – Mexico’s economic expansion likely dipped in the final three months of last year, at a time of sluggish production activity in the United States, a Reuters poll showed on Monday. The United States is by far Mexico’s top trading partner. Mexico’s gross domestic product (GDP) likely grew 0.3% during the fourth …
Pace of Mexican economic growth likely slowed in fourth quarter: Reuters poll Read More »
By Stefania Spezzati LONDON (Reuters) – JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders, sources with knowledge of the review told Reuters, as Wall Street wrestles with how to spot potential wrongdoing during a securities trading boom. KPMG is reviewing JPMorgan’s oversight of traders across the …
JPMorgan reviews oversight of traders amid boom in financial markets – sources Read More »
By Saeed Azhar NEW YORK (Reuters) – U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes cautious on certain businesses as it factors in risk of a recession, its chief executive officer said in a interview. Moody’s Investors Service …
U.S. lender Citizens stepping back from auto loans – CEO Read More »
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares slipped on Monday as hotter-than-expected inflation data from Spain added to market jitters as investors brace for a slew of interest rate hikes from prominent central banks later in the week. The pan-European STOXX 600 closed down 0.2%. Money market bets show that the U.S. …
Europe stocks slip as hot Spanish inflation data fans rate hike concerns Read More »
MADRID (Reuters) -Spain’s consumer prices rose 5.8% year-on-year in January, a faster pace than the 5.7% over the 12 months to December and the first increase since July, preliminary data from the National Statistics Institute (INE) showed on Monday. INE attributed the price increase to fuel prices, as the government ended blanket subsidy on all fuels, …
Spanish inflation rises in January for first time in six months Read More »
(Reuters) -Not too hot and not too cold. That’s what investors are hoping for in terms of the economic outlook, as China recovers from COVID and as companies grapple with sticky inflation and increasingly cash-strapped consumers. But the story three of the world’s largest central banks, set to hold their first policy meetings of 2023, …
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. What it does after that is less certain. ECB President Christine Lagarde, speaking in Davos recently, stressed the need for monetary policy to “stay the course.” Investors are …
