JPMorgan ramps up EM default rate forecast amid China property woes
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast…
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Analysis-Argentina investors see silver lining in Milei election shock
By Rodrigo Campos NEW YORK (Reuters) – Investors in Argentina’s financial markets, where bonds and the peso slid on Monday…
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan – CNBC
(Reuters) – An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency…
Musk’s X social media platform shuts down promoted accounts ad business – Axios
(Reuters) – Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within…
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat…
Carlsberg lifts 2023 profit forecast on solid first-half
COPENHAGEN (Reuters) – Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a “solid business…
Outcome of Chevron, Woodside, Australian unions talks may take days
By Lewis Jackson SYDNEY (Reuters) – Negotiations between Chevron, Woodside Energy Group and Australian unions on Tuesday are unlikely to…
South Africa’s unemployment rate drops marginally in second quarter
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s official unemployment rate dropped marginally in the second quarter to 32.6%, its lowest…
Tackling money shame: Personal finance advice from top TED Talks
By Chris Taylor NEW YORK (Reuters) – Here is something to make you feel old: Next year will mark the…
Global wealth projected to rise 38% by 2027, despite recent decline – study
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is…