US third-quarter growth revised higher; corporate profits rise strongly
Third-quarter GDP growth raised to 5.2% rate from 4.9%Consumer spending revised lowerCorporate profits increase 4.3%WASHINGTON, Nov 29 (Reuters) - The...
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Morning Bid: Waller to Wall St, Fed’s on the turn
A look at the day ahead in U.S. and global markets from Mike DolanAs Wall Street mourns the passing of...
Stocks hold firm as dollar dithers ahead of US data
LONDON, Nov 28 (Reuters) - Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve...
Canada banks’ quarterly profits seen hit by rising provisions
A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsTORONTO, Nov 27 (Reuters) - Canada's big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing economy.The big six banks have axed thousands of jobs this year as investment banking fees lagged and business south of the border weakened due to the U.S. regional banking crisis.While high interest rates have boosted the banks' lending margins, residential...
BoE’s Bailey says getting inflation to 2% will be ‘hard work’
Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the...
Germany’s economy shrinks slightly in third quarter
A double decker bus passes the skyline with its dominating banking district in Frankfurt, Germany, November 8, 2023. REUTERS/Kai Pfaffenbach/File...
UK consumer confidence jumps despite lingering inflation pain
A woman with shopping bags waits for a bus, Hanley, Britain, November 20, 2023. REUTERS/Carl Recine/File Photo Acquire Licensing RightsLONDON,...
Italy gets EU backing to revise its post-COVID recovery plan
Shoppers walk along a shopping street ahead of Christmas in Rome, Italy, December 23, 2022. REUTERS/Guglielmo Mangiapane/File Photo Acquire Licensing...
Sterling nears three-month high; UK consumers more upbeat
An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall...
ECB chief Lagarde admits her son lost crypto cash
European Central Bank President Christine Lagarde addresses the European Parliament's Committee on Economic and Monetary Affairs, at the European Parliament,...
