British Chambers of Commerce nudges up 2017 growth forecast, cuts 2018
LONDON (Reuters) – The British Chambers of Commerce nudged up its forecast for economic growth next year but downgraded the outlook for 2018 due to inflation pressures and ongoing uncertainty as Britain prepares to leave the European Union, it said on …
Inflation-hit Venezuela to pull largest bill from circulation
CARACAS (Reuters) – Venezuela, mired in an economic crisis and facing the world’s highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President…
Top tech executives to attend Trump summit on Wednesday: Recode
NEW YORK (Reuters) – Top executives from Alphabet Inc, Apple Inc and Facebook Inc are among a small group of tech leaders invited to a summit to be held on Wednesday by U.S. President-elect Donald Trump, Recode reported, citing sources.
Meet the Ma family: How millennials are changing the way China thinks about money
SHANGHAI (Reuters) – Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum a…
Monte dei Paschi to press ahead with last-ditch private capital increase
MILAN (Reuters) – Italy’s third biggest lender Monte dei Paschi di Siena said on Sunday it would press ahead with a last-ditch plan to raise 5 billion euros on the market by year-end after the European Central Bank refused to give it more time to recap…
UniCredit sells Pioneer to Amundi for more than $4.2 billion: source
MILAN (Reuters) – Italy’s biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France’s Amundi for more than 4 billion euros ($4.2 billion), a source with knowledge of the matter said on Sunday.
Johnson & Johnson shares could rally about 20 percent: Barron’s
NEW YORK (Reuters) – Johnson & Johnson shares could rally about 20 percent to the mid-$130s as operating improvements spur earnings growth, Barron’s said in a report.
IMF’s Lagarde says confident ahead of hearing in Tapie case
PARIS (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Sunday she was confident she had done nothing wrong as she faced a court hearing about a state payout in 2008 to a French businessman.
Hawkish Fed a potential speed bump for stock bulls
NEW YORK (Reuters) – Next week’s Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month’s presidential election.
Iran seals $17 billion Boeing deal, close to Airbus order
PARIS/DUBAI (Reuters) – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies sin…
