Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Global rate hike cycle peters out in November, EM cuts outstrip hikes
By Karin Strohecker and Sumanta Sen LONDON (Reuters) - The global monetary tightening cycle was in its last throes in November, with major developed central banks delivering just one increase and the ...
Dec 01, 2023
Did pandemic central banking work? Fed review to eye inflation, jobs tradeoffs
By Howard Schneider ATLANTA (Reuters) - The U.S. Federal Reserve's pledge in 2020 to sustain "broad-based and inclusive" employment through loose monetary policy was considered a bold response to the ...
Dec 01, 2023
Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says
By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) - Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the ch...
Dec 01, 2023
Futures muted as traders gear up for Powell’s remarks
(Reuters) - Futures tracking Wall Street's indexes were largely subdued on Friday as investors were on edge in the run up to Federal Reserve Chair Jerome Powell's comments that are expected to hold cl...
Dec 01, 2023
Marketmind: Powell’s final shot to shape markets before December Fed meeting
A look at the day ahead in U.S. and global markets by Samuel Indyk As markets continue to push back against the Federal Reserve's higher-for-longer message, traders will be watching Chair Jerome Powel...
Dec 01, 2023
German finance minister defends 2023 debt brake suspension forced by court ruling
By Christian Kraemer and Maria Martinez BERLIN (Reuters) - German Finance Minister Christian Lindner defended on Friday his supplementary budget for 2023 which suspends Germany's cap on borrowing this...
Dec 01, 2023
Euro zone factory downturn eased a touch in November -PMI
LONDON (Reuters) - The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim...
Dec 01, 2023
German manufacturing downturn eased in November – PMI
BERLIN (Reuters) - The downturn in Germany's manufacturing sector, which accounts for about a fifth of the country's economy, eased in November, a survey showed on Friday. The HCOB final Purchasing Ma...
Dec 01, 2023
European shares climb ahead of economic data, Fed’s Powell remarks
(Reuters) - European shares gained on Friday as investors cheered growing prospects of rate cuts on cooler-than-expected inflation prints, while keeping an eye out for more economic data and Federal R...
Dec 01, 2023
Swiss GDP grows by 0.3% in third quarter
ZURICH (Reuters) - Switzerland's economy grew by 0.3% during the third quarter, the government said on Friday, as the service sector helped offset stagnating manufacturing growth. The rate - adjusted ...
Dec 01, 2023
