Sainsbury’s boss looks to UK budget to lift spending gloom
By James Davey COBHAM, England (Reuters) – Britons bruised by a cost of living crisis will not start spending strongly again until the new Labour government sets out its tax…
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Factbox-EU plans to hit China-based EV makers with additional tariffs
LONDON (Reuters) -The European Commission plans to apply additional duties on imported electric vehicles made in China. In September it cut the proposed final tariffs on Tesla (NASDAQ:TSLA) and slightly…
Mexico cenbanker Heath argues for holding benchmark rate longer
MEXICO CITY (Reuters) – Mexican central bank deputy governor Jonathan Heath, in an interview published on Wednesday, said that the nation’s benchmark interest rate should stay at its current level…
Brazil credit rating upgrade paves the way for reduced risk premium, officials say
By Marcela Ayres BRASILIA (Reuters) – The upgrade of Brazil’s credit rating by Moody’s (NYSE:MCO) highlights a risk premium in the local yield curve that does not reflect the fundamentals…
OpenAI, Italian state lender CDP team up for AI use in startups
MILAN (Reuters) – OpenAI and Italy’s state lender CDP have signed a memorandum of understanding to support the take up of artificial intelligence (AI) by Italian startups and innovative firms.…
US ports strike: Morgan Stanley outlines implications of extended work stoppage
Investing.com — A strike by dockworkers stretching from the US East Coast all the way to the US Gulf Coast could dent economic activity and boost inflationary pressures if it carries…
Dollar to stay unfazed despite growing uncertainties: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve interest rate cuts, according to median forecasts from…
Commerzbank deal could lift UniCredit’s junior debt ratings, Moody’s says
MILAN (Reuters) -UniCredit’s acquisition of Commerzbank (ETR:CBKG) could prompt Moody’s (NYSE:MCO) to consider raising its rating on the Italian bank’s riskier debt, the credit rating agency said on Wednesday. Moody’s…
Finance firms more worried about global economy, BoE survey finds
LONDON (Reuters) – Worries about risks to the UK financial system posed by a global economic downturn have risen sharply to their highest level since the second half of 2019,…
Argentina budget cuts spark protests at universities
BUENOS AIRES (Reuters) – Argentina’s public universities will hold a massive demonstration on Wednesday, backed by unions and opposition parties, to protest sharp public spending cuts implemented by President Javier…