Fed likely to cut rates next week, but outlook to tilt hawkish: Macquarie
Investing.com — The Federal Reserve is likely to cut rates next week, but a slew of data pointing to a still strong labor market and slowing disinflation will force the…
Economy
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Canadian government to present mini budget on Dec. 16
By Ismail Shakil OTTAWA (Reuters) – The Canadian government will present its fall economic statement on Dec. 16, the finance ministry said on Monday, announcing a date for the budget…
Revance agrees to lower take-private offer by Crown Labs
(Reuters) -Crown Laboratories would buy the anti-wrinkle injection maker Revance Therapeutics (NASDAQ:RVNC) at a roughly 50% lower price compared to an original agreement signed in August, the companies said on…
Citigroup joins Wall Street peers in forecasting 25 bps rate cut by Fed in December
(Reuters) – Citigroup (NYSE:C), previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal Reserve, has now aligned with its peers in expecting…
BoC expected to cut overnight rate by 50 bps this week: Macquarie
Expectations are set for the Bank of Canada (BoC) to reduce its Overnight rate by 50 basis points (bps) during this week’s policy meeting, potentially bringing it down to 3.25%.…
Binance still to choose location for global headquarters, CEO Teng says
By Federico Maccioni ABU DHABI (Reuters) – Cryptocurrency exchange Binance has yet to decide where to base its global headquarters, its CEO told Reuters on Monday, years after it flagged…
Sanjay Malhotra appointed as RBI governor
The Indian government has appointed Sanjay Malhotra as the new governor of the Reserve Bank of India (NS:BOI) (RBI). The announcement made on Monday concludes the period of speculation regarding…
Shareholders approve breakup of Bollore’s Vivendi media conglomerate
By Gianluca Lo Nostro, Leo Marchandon and Florence Loeve (Reuters) -Shareholders of French media conglomerate Vivendi (OTC:VIVHY) approved on Monday the breakup backed by the Bollore family, aiming to spin…
Factbox-Brokerages see ‘uncertain’ 2025 on worries over potential Trump tariffs
(Reuters) -Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump’s proposed tariffs to fuel volatility across global…
US consumers expect higher inflation and better economy, New York Fed says
By Michael S. Derby (Reuters) – U.S. consumers were bracing last month for higher levels of inflation in coming years even as they marked up expectations that their personal financial…