Turkey policy moves are steps in right direction – EBRD official
By Nevzat Devranoglu and Zeynep Berkem ANKARA (Reuters) – Turkey’s latest monetary and fiscal moves are steps in the right…
July 2023
Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) – Tesla CEO Elon Musk is ready to cut electric car prices again to drive…
Investors’ dash to cash may have peaked – BofA
LONDON (Reuters) – Investors’ rush to the safety of cash, a dominant theme in capital flow data this year, may…
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from…
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100…
Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) – Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public…
UK consumers defy high inflation and shop more in June
By David Milliken LONDON (Reuters) -British retail sales grew faster than expected in June despite continued high inflation, thanks to…
UAW seeks Washington backing to pressure Detroit Three automakers in labor talks
By David Shepardson WASHINGTON (Reuters) – United Auto Workers President Shawn Fain has made winning the support of Washington a…
Japanese unions urge employers to continue wage hikes next year and beyond
TOKYO (Reuters) – Japan’s largest trade union confederation ‘Rengo’ urged companies on Friday to raise wages further to outpace inflation…
Marketmind: Dollar flexes into Fed week, calm returns
A look at the day ahead in U.S. and global markets from Mike Dolan As markets blew the froth off…