By Jason Lange WASHINGTON (Reuters) – An expected showdown between President Joe Biden’s Democrats and a newly minted Republican majority in the U.S. House of Representatives over the debt ceiling is threatening to push Washington to the brink of a debt crisis. WHAT’S THE DEBT CEILING? Washington regularly sets a limit on federal borrowing. Currently,…
By Ana Mano and Roberto Samora SAO PAULO (Reuters) -A Brazilian trade group representing global grain merchants on Thursday confirmed “atypical” sales of Brazilian soybeans to Argentina after rumors about unusual cargos being booked at this time of the year. Anec, which represents firms like Cargill and Bunge, said that Brazilian supplies are needed after…
By Chris Taylor NEW YORK (Reuters) – If there was only one word to sum up 2022, “unpredictable” might be the most accurate. Yet we all enjoy trying to predict the future, especially when it comes to our finances – to protect ourselves from the downside, or to take advantage of the upside. What does…
By Caroline Valetkevitch NEW YORK (Reuters) – A tentative bounce in U.S. stocks is about to face a key test, as companies get set to report fourth-quarter results amid worries over a potential recession in 2023. Analysts expect earnings for S&P 500 companies to have declined 2.2% for the quarter compared with a year ago,…
By Davide Barbuscia, Carolina Mandl and Shankar Ramakrishnan NEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate bonds as they take advantage of a surge in supply, but some say conflicting opinions about the economy are creating both long and short trading opportunities. The belief that the Federal Reserve may be nearing…
By Laila Kearney NEW YORK (Reuters) – Oil prices rose by more than $1 a barrel on Thursday, extending gains after figures showed U.S consumer prices unexpectedly fell in December, and supported by optimism over China’s demand outlook. The U.S. consumer price index dipped 0.1% and suggested inflation was now on a sustained downward trend….
By Victoria Waldersee BERLIN (Reuters) -The Volkswagen Group reported its lowest sales in over a decade in 2022 as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, and a fourth-quarter recovery risks running into further challenges this year. The German group, whose brands range from mass-market VWs and Skodas to premium…
By Aditi Shah GREATER NOIDA, India (Reuters) – Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s…
(Reuters) – S&P 500 futures rose in choppy trading on Thursday after a key inflation reading came in line with expectations, adding to hopes that the Federal Reserve will take a less aggressive approach at its next policy meeting. The highly awaited Labor Department’s report showed consumer prices rose 6.5% year-on-year in December, in line…
WARSAW (Reuters) – Double-digit inflation in Poland leaves no room for loosening monetary policy this year but interest rates will not rise further, central banker Ludwik Kotecki told Reuters. With the main interest rate staying at 6.75% for a fourth month in a row in January and inflation for December coming in lower than expected,…
