ECB’s Lagarde sees no peak in core inflation despite ‘moderation’
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde on Monday acknowledged “signs of moderation” in core inflation in the…
Business
Canada home prices set to recover as demand stays strong: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and…
China’s top investment bank CITIC cuts base salary by up to 15% -sources
HONG KONG/BEIJING (Reuters) -China’s CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to…
Global airlines more than double 2023 profit outlook
By Joanna Plucinska, Aditi Shah and Tim Hepher ISTANBUL (Reuters) – Global airlines on Monday more than doubled their forecast…
Exclusive-EU Commission says Mercosur trade deal a priority as it seeks new allies
By Belén Carreño and Philip Blenkinsop MADRID/Brussels (Reuters) -The European Commission has said it is a priority to conclude a…
Qatar records budget surplus of $5.4 billion in Q1 – state news agency
DUBAI (Reuters) -Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.4 billion) in the first quarter of 2023,…
Debt ceiling deal ignores US debt time bomb
By David Lawder and Andy Sullivan WASHINGTON (Reuters) – Republicans and Democrats are touting a hastily-written debt ceiling deal that…
US equity funds draw first weekly inflow in 10 weeks
(Reuters) – U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on…
Morgan Stanley sees slump in US earnings in 2023, sharp rebound next year
(Reuters) – Morgan Stanley warns of a 16% drop in profit for S&P 500 companies this year, followed by a…
Stellantis in talks for parts and material recycling JV with Galloo
MILAN (Reuters) – Carmaker Stellantis and Belgian metals recycler Galloo have entered exclusive talks to create a joint venture focused…