Morning Bid: Whipsawed dollar and fog of uncertainty? Get used to it
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Day two of the second Donald Trump administration, and exchange rates are in the global market…
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BofA now expects Bank of Canada to cut 25bp in January amid falling inflation, tariffs risk
Canada’s Consumer Price Index (CPI) in December came in at 1.8% year-over-year (yoy), lower than the expected 1.9%, and a decrease from the previous month’s 1.9%. According to Bank of…
Trump sees ‘great promise’ in UN, says his pick for ambassador
By Michelle Nichols UNITED NATIONS (Reuters) – U.S. President Donald Trump “sees great promise in the United Nations if it focuses on its founding mission of international peace and security,”…
Porsche confirms 2024 earnings outlook in investor call, analyst’s note says
(Reuters) – Porsche confirmed its earnings outlook for 2024 of a 14-15% profit margin in a call with investors on Tuesday and said it expected 2025 to remain challenging, according…
German chancellor hopeful: Europe must consider what to offer Trump
BERLIN (Reuters) – German opposition leader Friedrich Merz, tipped to become chancellor in next month’s election, said on Tuesday U.S. President Donald Trump could prove an interesting partner for Europe…
Harvard settles lawsuits over antisemitism on campus
By Jonathan Stempel (Reuters) -Harvard University will provide additional protections for Jewish students under a settlement announced on Tuesday that resolves two lawsuits accusing the Ivy League school of becoming…
Trump’s anti-wind policy hits European companies
By Stine Jacobsen COPENHAGEN (Reuters) – European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first day in office,…
Can LA wildfires prompt new focus on community mitigation efforts?
By Carey L Biron WASHINGTON( Thomson Reuters (NYSE:TRI) Foundation) -The devastation of the Los Angeles wildfires has resonated far beyond Southern California, as local officials and residents across the United…
Economists ramp up projections for Brazil’s interest rates to above 15%
By Marcela Ayres BRASILIA (Reuters) – Economists have launched a fresh wave of upward revisions to projections for Brazil’s interest rate this year, citing deteriorating inflation expectations, a weaker currency…
China’s Vice Premier lunches with Dimon, Schwarzman and other Davos financiers
By Julie Zhu and Elisa Martinuzzi DAVOS, Switzerland (Reuters) – Chinese Vice Premier Ding Xuexiang met with global finance and business leaders including Blackstone (NYSE:BX) CEO Steve Schwarzman, Bridgewater Associates…