Historic tax cuts and borrowing define Britain’s new economic agenda

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts drop like a stone, pound at 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and … Read more

RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a … Read more

BOJ seen sticking to ultra-low rates, defy global rate hike rush

A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register BOJ set to keep short-, long-term rate targets unchanged No major tweak expected to dovish policy guidance – sources Focus on Gov Kuroda’s views on weak yen, inflation Policy decision … Read more

Analysis: Market mayhem awaits Britain’s new leader

Conservative leadership candidate Rishi Sunak waves as he stands next to co-candidate Liz Truss during a hustings event, part of the Conservative party leadership campaign, in London, Britain August 31, 2022. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register Truss set to become prime minister on Monday, polls suggest She has made … Read more

PREVIEW Canadian banks face Q3 earnings declines on provisions, markets woes

A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch (CANADA – Tags: BUSINESS)/File Photo Register now for FREE unlimited access to Reuters.com Register TORONTO, Aug 18 (Reuters) – (This August 18 story corrects to say banks begin reporting … Read more

Central bankers head to US mountains with a bad case of inflation reflux

LONDON/FRANKFURT, Aug 24 (Reuters) – This time last year, the world’s biggest central banks were united in getting the inflation story wrong. Now, as top policymakers gather for the Kansas City Federal Reserve’s annual monetary policy conference in Jackson Hole, Wyoming, the US central bank looks like it might manage a “soft landing” for its … Read more

GM, Ford confront Wall Street’s recession fears

DETROIT, July 25 (Reuters) – General Motors Co (GM.N) and Ford Motor Co (FN) are about to replay a script they have played out many times before – trying to convince investors they can get through a recession without skidding into the red. Analysts have been cutting share price targets and profit estimates for the … Read more

Apple hovers above competition even as smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) is expecting its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that … Read more

Bank of England set to raise rates again as inflation heads for 10%

The Bank of England (BoE) building is reflected in a sign, after the BoE became the first major world central bank to raise rates since the coronavirus disease (COVID-19) pandemic, London, Britain, December 16, 2021. REUTERS / Toby Melville / Register now for FREE unlimited access to Reuters.com Register BoE will raise Bank Rate to … Read more

Walmart stores expected to post high shopper traffic amid deepening inflation pain

NEW YORK, NY, May 16 (Reuters) – Walmart Inc (WMT.N) is expected to show a steady rise in gross margins and revenue when it reports first-quarter results on Tuesday as price conscious shoppers, feeling the strain of persistent inflation , increase visits to the low-cost retailer. Walmart has averaged a 4.9% increase in monthly visits … Read more