Bank of America CEO sees U.S. technical recession in 3rd qtr
SYDNEY, March 7 (Reuters) - Bank of America (BAC.N) Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy...
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Morning Bid: Hopeful market awaits Powell testimony
A look at the day ahead in European and global markets from Ankur BanerjeeInvestors have found their appetite for risky...
US services sector grows steadily; prices stubbornly high
Services sector PMI dips to 55.1 in February from 55.2New orders index rises to highest level since late 2021Prices paid...
Dollar headed for biggest weekly loss since mid-January; crypto falls
U.S. services sector data shows steady growth in FebruaryBitcoin, ether fall in Silvergate falloutDollar could resume uptrend next week with...
Morning Bid: Inflation ‘blip’ or brave new world?
A look at the day ahead in U.S. and global markets from Mike DolanThere was a sense of hesitation in...
China’s reopening set to help EMFX get back on track: Reuters poll
JOHANNESBURG/BENGALURU, March 3 (Reuters) - China's reopening is set to boost emerging market currencies against the U.S. dollar over the...
ECB has no sway over rising mortgage costs in Spain, Lagarde says
MADRID, March 2 (Reuters) - The European Central Bank has no power to control rising mortgage costs that are having...
UK’s Taylor Wimpey cuts jobs amid housing slowdown
Year-to-date sales rate till Feb. 26 at 0.62/outletOrder book down about 26% at 2.15 bln poundsExpects to build 9,000-10,500 homes...
Dollar squeezed as inflation drives up euro
SINGAPORE, March 2 (Reuters) - The dollar nursed losses on Thursday as optimism about China's reopening was supported by encouraging...
US manufacturing sector still shrinking; raw material prices rebound
Manufacturing activity contracts for fourth straight monthNew orders improve, but still remain lowMeasure of prices paid by factories for inputs...
