DUBLIN (Reuters) -European Central Bank (ECB) policymaker Klaas Knot is “not uncomfortable” with current market expectations which envisage interest rates rising to around 3.85% from 3% currently, the Dutch central banker told the Irish Times in an interview. The ECB is expected to raise rates for a seventh straight meeting on May 4 in a…
By Belén Carreño and Charlie Devereux MADRID (Reuters) – A request for seaplanes needed to fight forest fires is red-flagged because it could harm the environment. Companies seeking aid after being hammered by COVID are asked to show proof of a healthy balance sheet in recent years. They are among the discordant calls made by…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s export growth slowed in March, dragged down by a drop in China-bound shipments of cars and steel in a slide that underscores concern about slackening global demand amid higher interest rates and Western banking-sector jitters. Import growth outpaced exports in March, due to the hefty cost of coal, crude…
By Diana Mandia (Reuters) – French ad group Publicis’ revenues beat forecasts in the first quarter, driven by its digital and data-driven businesses amid rapid market changes and with the help of artificial intelligence (AI) tools. The company has relied on the evolution of its clients’ ad spend towards first-party data management, commerce and business…
By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) – European banks appear better positioned than U.S. peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the danger zone. Aggressive rate hikes, still working their way through the system, follows a pandemic that…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan maintained its upbeat economic assessment for most regions on Thursday, saying wage hikes were broadening, underscoring its conviction that the country was on a path to sustainably meet its inflation target of 2%. In a quarterly report analysing regional economies, the central bank left unchanged…
By Summer Zhen HONG KONG (Reuters) – Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors’ appetite for U.S. dollar-based products and international exposure after the country reopened its borders. The foray by China-based funds into Hong Kong kicked off last year as China…
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down in Asian hours with stocks drifting while the dollar clings to gains from overnight. The prevailing anxious mood is likely to continue as we head into the crucial next few weeks of central bank meetings. A Reuters…
By Miho Uranaka TOKYO (Reuters) – Japan’s Rakuten Bank Ltd amended the filing of its $625 million initial public offering (IPO) after investors pushed for details on the risks from its exposure to money-losing parent Rakuten Group Inc, two people said. The investor questions, not previously reported, highlight how concerns about the e-commerce giant’s losses…
SHANGHAI/BERLIN (Reuters) -German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad. Their heavy presence – with the entire board of Volkswagen…
