Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least…
Economy
Westpac raises Australia cash rate peak forecast to 4.6%
SYDNEY (Reuters) – Westpac on Friday lifted its forecast for Australia’s cash rate peak to 4.6%, tipping quarter-point hikes in…
U.S. hotel markets recover from the pandemic; San Francisco an outlier
By Doyinsola Oladipo NEW YORK (Reuters) – A snapshot of 15 major U.S. hotel markets shows that travel to cities…
Exclusive-Manchester United discusses granting exclusivity to Qatari Sheikh in $6 billion-plus sale -sources
By Anirban Sen (Reuters) – English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s…
Odey scandal prompts Wall Street rethink on how to vet hedge funds
By Nell Mackenzie and Kirstin Ridley LONDON (Reuters) -Wall Street firms are poised to reassess how they vet hedge funds,…
Thai stocks flounder in absence of China spark
By Rae Wee and Patturaja Murugaboopathy SINGAPORE (Reuters) – Thailand’s stock market has become the symbol of investor disenchantment with…
Europe’s brief window of market outperformance swings shut
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose…
Central banks push markets to rip up rate-cut playbook
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Hawkish central banks have sent a resounding “no” to markets betting recession…
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit…
Micron says it is committed to China, invests $602 million in plant
By Brenda Goh SHANGHAI (Reuters) -U.S. memory chipmaker Micron said on Friday it was committed to China and would invest…