Citigroup hikes 2023 global growth forecast, sees US recession only in Q4
(Reuters) -Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States, euro area…
Business
U.S. Bancorp beats profit estimates as higher rates boost interest income
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve…
Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane
DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer…
UK records western Europe’s highest inflation as March fall disappoints
By Andy Bruce and David Milliken LONDON (Reuters) – Britain was the only country in western Europe with double-digit inflation…
TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ
(Reuters) -Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached to…
Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes
By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more…
Marketmind: Crowded bonds unnerved
A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so…
Analysis-Rates shift gives European currencies fresh legs
By Alun John LONDON (Reuters) – The euro and pound are being whisked along by a conveyor belt of interest…
As EV costs tumble in China, an export wave builds
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies…
Core euro zone inflation edges up in March, keeping ECB on alert
By Balazs Koranyi FRANKFURT (Reuters) – Euro zone inflation eased last month but underlying readings remained stubbornly high, Eurostat said…