Fed Could Cut Rates in '23, '24 Once Inflation Under Control: Bullard
The U.S. central bank ought to raise interest rates to 3.5% this year to get high inflation more quickly under control.
JPMorgan lifts outlook for net interest income, affirms ROTCE target
(Reuters) -JPMorgan Chase & Co on Monday presented a more optimistic profit outlook for itself as it opened an investor conference to relieve worries that it might be starting to lose its edge.
New Zealand PM Ardern to visit U.S. to boost exports, lure tourists
(Reuters) – New Zealand Prime Minister Jacinda Ardern will visit the United States this week in a bid to boost exports and lure more tourists as the Pacific nation looks to fully reopen its border after more than two years of restrictions.
Exclusive-General Atlantic plans $2 billion investment in India, Southeast Asia
By Aditya Kalra DAVOS, Switzerland (Reuters) – Global private equity firm General Atlantic plans to plough $2 billion into India and Southeast Asia over the next two years after falling valuations made the regions startups more attractive, a senior executive told Reuters.
Pakistan opposition leader Khan calls for march to Islamabad
By Syed Raza Hassan KARACHI, Pakistan (Reuters) – Pakistans opposition leader and former prime minister Imran Khan on Sunday announced the date of a march to Islamabad to demand dissolution of assemblies and a date for elections, as the South Asian nation continues to slide into
First baby formula shipment arrives from Europe on U.S. military plane
By Ahmed Aboulenein WASHINGTON (Reuters) – A military cargo plane carrying the first shipment of infant formula from Europe to address a critical shortage in the United States landed in Indianapolis on Sunday.
Ukraine comes to Davos in first spring gathering of business leaders
By Sabine Siebold DAVOS, Switzerland (Reuters) – Russia would normally have its own “house” at the World Economic Forum as a showcase for business leaders and investors.
India‘s top crypto app CoinSwitch calls for regulatory ’peace, certainty
By Aditya Kalra DAVOS, Switzerland (Reuters) – India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday.
Indian steelmakers face hit on Europe deals over export tax -JSPL exec
By Sudarshan Varadhan and Aftab Ahmed NEW DELHI (Reuters) – Indian steel firms could be forced to cancel European orders and suffer losses after an overnight decision to impose export taxes on steel products, V R Sharma, managing director at Jindal Steel and Power told Reuters.
Paytm payments bank expects central bank curbs to be lifted in three-five months
By Nupur Anand MUMBAI (Reuters) – Indias Paytm Payments Bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters.
Exclusive-India considering spending additional $26 billion to fight inflation -sources
By Aftab Ahmed NEW DELHI (Reuters) – The Indian government is considering spending an additional 2 trillion rupees ($26 billion) in the 2022/23 fiscal year to cushion consumers from rising prices and fight multi-year high inflation, two government officials told Reuters.
Czech central bank chief: rates likely to rise in June if forecast confirmed
PRAGUE (Reuters) – The Czech central bank will likely raise interest rate further in June if data from the economy are in line with the banks latest macroeconomic forecast, Governor Jiri Rusnok said on Sunday.
Tunisias Ennahda rejects formation of advisory committee to draft new constitution
(Reuters) – Tunisia‘s main opposition party, the Islamist Ennahda, rejected on Sunday President Kais Saied’s decision to name members of an advisory committee to draft a new constitution for a “new republic”, it said in a statement.
Russia looms large on Scholzs first Africa tour as chancellor
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Russia‘s impact on energy and food prices and security will provide the backdrop to Olaf Scholz’s first trip to Africa as German Chancellor, a three-day tour of Senegal, Niger and South Africa kicking off on Sunday.
Analysis-Australian women unleash new political force on climate, integrity
By Kirsty Needham SYDNEY (Reuters) – Professional women and voters concerned about climate change unleashed a third force in Australias election, taking a swath of seats that ended nine years of conservative rule even as votes for the winning Labor Party fell.
Pacific leaders congratulate Labors Albanese on election result
SYDNEY (Reuters) – The Solomon Islands has congratulated Australia‘s Labor leader, Anthony Albanese, on his election victory, saying much “remains to be done” in the bilateral relationship, as Pacific islands neighbour Fiji welcomed the party’s climate policies.
Siemens Energy makes 4.1 billion eur bid for remaining Siemens Gamesa stake
FRANKFURT (Reuters) – Siemens Energy on Saturday said it would offer 18.05 euros ($19.06) per share for the remaining third it does not already own in Spanish-listed Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares.
Retail sell-off: discounters, auto stores lead losses
By Sinéad Carew (Reuters) – A rout in consumer stocks gained more steam on Friday, as shares of Ross Stores led a retreat of other discount stores to cap off a bleak week for retailers.
Italys TIM, CDP eye preliminary deal on single network, sources say
(Fixes reference to Macquarie and KKR in paragraph 9)
Russias Inter RAO says Nord Pool will halt trade for its subsidiaries
(Reuters) – Russian utility Inter RAO said on Friday that pan-European exchange Nord Pool has sent a notification that it will stop trade operations for its subsidiaries from Sunday due to risks of failure to pay for power supplies from Russia.