By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought by Prime Minister Benjamin Netanyahu to limit the power of the Supreme Court “We see increased uncertainty about the economic outlook in the coming months…
By Hari Kishan BENGALURU (Reuters) – Most central banks will cut interest rates in the first half of next year, even though the majority don’t expect their inflation targets to be met by then, according to economists polled by Reuters. Reuters’ polls of over 500 forecasters globally over the past month found 2024 inflation views…
By Crispian Balmer (Reuters) – Venice presented a powerful line-up on Tuesday for its forthcoming film festival, defying fears its 80th edition would be a washout because of strikes by Hollywood actors and writers. Although many stars will miss the traditional red carpet openings for big studio productions, Venice artistic director Alberto Barbera still managed…
By Anna-Catherine Brigida and Eliana Raszewski BUENOS AIRES (Reuters) – As Argentina’s inflation rate soared past 100% and the value of the currency slid, IT worker Luis, 33, found an economic lifeline: renting out his apartment on Airbnb for coveted dollars and finding a way to hide his earnings from the tax authorities. Luis’s apartment…
(Reuters) – Goldman Sachs cut its 2023 growth forecast for the euro zone, following weaker economic activity data. Economists led by Sven Jari Stehn said on Tuesday they now expect a 0.4% growth for the region in 2023. (Reporting by Reshma Rockie George in Bengaluru; Editing by Krishna Chandra Eluri)
(Reuters) -Florida Governor Ron DeSantis, who is running for the 2024 Republican presidential nomination, was involved in a car accident in Tennessee on Tuesday but is uninjured, his spokesperson said. “This morning, the governor was in a car accident while traveling to an event in Chattanooga, Tennessee,” the spokesperson, Bryan Griffin, said in a statement….
By Lucy Raitano LONDON (Reuters) – Euro zone manufacturing activity is deteriorating fast, as evidenced by Monday’s Purchasing Managers surveys, and yet European cyclical stocks are on a tear versus their defensive counterparts – a dynamic analysts say can’t last. The performance of European cyclical stocks versus defensive stocks, and year-on-year percentage changes in the…
(Reuters) -Binance and its CEO, Changpeng Zhao, are planning to seek the dismissal of a regulator’s complaint, accusing it of violating the Commodity Exchange Act and certain related federal regulations, the company’s court filing showed on Monday Binance is due to submit its response to the Commodity Futures Trading Commission (CFTC) complaint on July 27…
By Howard Schneider WASHINGTON (Reuters) – With the Federal Reserve steaming toward another interest rate hike this week, policymakers face a choice over how much weight to put on recent economic data that has made hoped-for outcomes on inflation and unemployment seem more likely while also posing a risk the economy is too strong to…
(Reuters) – PACCAR Inc beat market estimates for second-quarter profit and sales, helped by strong demand for its trucks and aftermarket parts. A strong freight market and a focus on bolstering logistics networks amid sustained e-commerce deliveries aided demand for long-haul trucks, boosting sales for companies such as PACCAR. A global shortage of semiconductors and…
