Affirm secures largest-ever funding: what it means for investors
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Bank of Italy cuts growth forecasts for 2024 and 2025
The Bank of Italy has revised its growth projections for the country’s economy, now expecting a 0.7% expansion for both this year and next. This update, announced on Friday, represents…
Factbox-Big banks expect a quarter-point cut for ECB’s first meeting of 2025
(Reuters) – Major brokerages including Bank of America, Goldman Sachs and Citigroup (NYSE:C) expect the European Central bank to cut interest rates by 25 basis points again at its first…
Foreigners add $19.2 billion to EM portfolios in November, IIF says
By Rodrigo Campos (Reuters) – Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a continuing…
US import prices rise marginally in November
By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a…
Italy to grow by 0.7% this year and next as outlook weakens, central bank says
MILAN (Reuters) – The Italian economy will expand by 0.7% both this year and next, the country’s central bank said on Friday, cutting estimates made in October as the monthly…
Macron taps François Bayrou as France’s new prime minister
In an effort to navigate France’s political stalemate, President Emmanuel Macron has appointed François Bayrou as the country’s new prime minister on Friday. Bayrou, a veteran centrist politician and the…
France’s Macron names veteran centrist ally Bayrou as prime minister
By Dominique Vidalon and Sudip Kar-Gupta PARIS (Reuters) – French President Emmanuel Macron named Francois Bayrou as his fourth prime minister of 2024 on Friday, charging the veteran centrist with…
China bank lending rises far less than expected, more policy steps needed
By Kevin Yao, Liz Lee BEIJING (Reuters) -New bank lending in China rose by far less than expected in November, highlighting weak credit demand in the world’s second-largest economy as…
US equity funds gain sixth weekly inflow on Fed rate cut expectations
(Reuters) – U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming…