Factbox-IPO-bound Hyundai Motor India’s operations
(Reuters) -Hyundai Motor India’s $3.3 billion IPO opened for bids on Tuesday, aiming for a valuation of up to $19 billion in India’s largest share sale yet. The company, India’s…
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Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets
(Reuters) -The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to…
Brazil’s Haddad backs limiting spending as fiscal issues worry markets
SAO PAULO (Reuters) – Brazil’s Finance Minister Fernando Haddad said in an interview published on Tuesday that financial markets were right to be worried about the country’s fiscal situation, but…
Factbox-US companies to hire thousands of seasonal workers for holiday season
(Reuters) -U.S. companies from Target and Macy’s (NYSE:M) to package delivery firm UPS plan to hire thousands of seasonal workers ahead of the crucial holiday season. Retailers are expected to…
Kremlin rows back from comments on Saudi BRICS membership
MOSCOW (Reuters) – The Kremlin rowed back on Tuesday from earlier comments describing Saudi Arabia as a member of the BRICS group of countries, and left open the question of…
Romanian fiscal adjustment plans challenge timeline for interest rate cuts
BUCHAREST (Reuters) – Romania’s central bank saw a window of opportunity with falling inflation to cut interest rates twice and ease some policy restrictiveness, but the bank is now pausing…
Labor-focused Fed to continue rate cuts, Morgan Stanley Wealth Management says
By Bansari Mayur Kamdar (Reuters) – The U.S. Federal Reserve will continue cutting interest rates in November, but policymakers are walking a thin line as inflation is no longer cooling…
Italian government to approve 2025 budget amid tensions over bank levy
By Giuseppe Fonte ROME (Reuters) – Italy’s cabinet will meet late on Tuesday to approve Rome’s 2025 budget, amid tensions within the ruling parties over a Treasury proposal to raise…
China stimulus to accelerate on weakening export momentum – Citi
Investing.com — China’s government could introduce increased stimulus measures after export growth missed expectations by a “wide margin” in September, according to analysts at Citi. Exports from the world’s second-largest economy…
Futures mixed; Bank of America, Goldman Sachs to report – what’s moving markets
Investing.com — US stock futures hovered around both sides of the flatline as markets waited for cues from fresh company earnings and economic indicators. Wall Street banking giants Bank of America…