Global banks raise forecast to 4% peak for key ECB rate

Global banks raise forecast to 4% peak for key ECB rate

Jun 16, 2023

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB

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4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

Jun 15, 2023

Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000

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Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance

Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance

Jun 14, 2023

Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims

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Nikkei Closes Above 33,000 For The First Time In 33 Years

Nikkei Closes Above 33,000 For The First Time In 33 Years

Jun 13, 2023

Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on

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European Stock Futures Edge Higher; Central Bank Decisions Seen Key

European Stock Futures Edge Higher; Central Bank Decisions Seen Key

Jun 12, 2023

European stock markets are expected to drift higher at the open Monday, at the start of a week dominated by a series of key central bank meetings in the U.S., Asia and Europe. At 02:00 ET (06:00 GMT), the DAX futures contract in

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KIM KARDASHIAN SEEKS SECRET OF PRIVATE EQUITY SUCCESS AS RISING RATES BITE

KIM KARDASHIAN SEEKS SECRET OF PRIVATE EQUITY SUCCESS AS RISING RATES BITE

Jun 9, 2023

Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd

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Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes

Asian Stocks Dip As Markets Weigh Fed Fears, China Stimulus Hopes

Jun 8, 2023

Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses. Chinese losses limited as state banks cut deposit rates China’s Shanghai Shenzhen CSI 300

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Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag

Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag

Jun 7, 2023

Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their

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Exclusive-Accounting For War: Ukraine’s Climate Fallout

Exclusive-Accounting For War: Ukraine’s Climate Fallout

Jun 6, 2023

The war in Ukraine is deepening the climate crisis at time when global greenhouse gas emissions are already running at a record high, according to report by carbon accounting experts who have tallied the overall impact of the conflict. The report, which is

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Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

Gold Prices Dip Amid Rate Hike Uncertainty, Copper Retreats

Jun 5, 2023

Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. nonfarm payrolls data read

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