Euro zone bank lending growth picks up in Aug
FRANKFURT (Reuters) – Bank lending to the euro zone economy expanded slightly in August, continuing a slow rebound since the start of the year possibly boosted by the prospect of…
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Deutsche Bank says now expects a faster ECB rate-cutting cycle
LONDON (Reuters) – Deutsche Bank said on Thursday it now anticipated a faster European Central Bank rate-cutting cycle, with back-to-back quarter-point rate cuts starting from December. The bank said that…
Wells Fargo sees China’s economy growing 4.6% in 2024, below government’s 5% goal
Investing.com — Wells Fargo now forecasts that China’s economy will grow 4.6% in 2024, a downgrade from the earlier estimate of 4.8% and below the government’s official 5% target. The…
SNB cuts interest rates again; third consecutive reduction
Investing.com – The Swiss National Bank cut its key interest rate by 25 basis points to 1.0% on Thursday, its third consecutive reduction. The Swiss central bank had been widely…
China targets consensus with EU on EV tariff dispute through flexible pricing solutions
BEIJING (Reuters) – The Chinese commerce ministry said on Thursday that technical teams from China and the European Commission are actively negotiating a flexible price commitment solution over the electric…
Foreign investors cheer China’s stimulus – from a distance
By Ankur Banerjee and Laura Matthews SINGAPORE/NEW YORK (Reuters) – As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114…
A global hunt for neutral to shape world finance costs
By Howard Schneider and William Schomberg WASHINGTON/LONDON (Reuters) – With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial…
H&M abandons 2024 earnings margin target, Q3 profit lags
STOCKHOLM (Reuters) -H&M, the world’s second-largest listed fashion retailer, said on Thursday it no longer expected to reach its full-year earnings margin goal, while reporting a lower-than-expected operating profit for…
Legislation to curb US investment in China is top priority, lawmaker says
By Alexandra Alper WASHINGTON (Reuters) – The Republican chair of the House of Representatives’ select committee on China said on Wednesday that the panel’s top priority is legislation restricting U.S.…
China targets Canada’s tariffs with anti-discriminatory probe
BEIJING (Reuters) -China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese electric vehicles, steel and aluminum products, its commerce ministry said on…