Morgan Stanley cuts China’s 2023 and 2024 growth forecasts
LONDON (Reuters) – Morgan Stanley revised down its China 2023 economic growth forecast by 0.7 percentage points to 5% on…
Economy
US, China aim to revive climate cooperation as tensions simmer
(This July 16 story has been corrected to fix David Sandalow’s quote to say ‘climate diplomacy,’ not ‘diplomacy,’ in paragraph…
China’s Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
(Reuters) – China’s economy grew at a frail pace in the second quarter, although the annual figure was flattered by…
German economy may disappoint as sentiment worsens – Bundesbank
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite…
Tesla discounts set to power quarterly revenue growth, hit profit
By Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest…
Marketmind: China falls short and oil ebbs but banks impress
A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone…
Analysis-Bank of Canada hones messaging as inflation defies forecasts
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging…
US banks warn stricter capital rules will raise prices
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) -U.S. bank executives warned on Friday that looming higher capital requirements…
Analysis-Takeover benefits: UBS investors warm to Credit Suisse deal
By Oliver Hirt ZURICH (Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures…
Global rules leave crypto firms with no place to hide, says G20 watchdog
By Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards…