Old meets new economy: AI boom to supercharge European banks’ rally
Banks are ‘cost winners’ of AI boom, BlackRock says European banks remain undervalued, despite strong rally AI could…
South Korea reviewing dollar bond issuance at National Pension Service
NPS faces scrutiny for dollar-buying affecting won Legislation needed for NPS to issue dollar bonds Bank of Korea…
Wall St Week Ahead Investors eager for delayed data to shed light on US economy
Jobs data due Tuesday, CPI out on Thursday Reports on economy come after Fed rate cut Tech slide…
New Fed projections to reset economic outlook after volatile year
Projections to set baseline for Powell’s successor, show potential for further rate cuts Inflation, affordability issues remain unresolved…
US labor cost growth slows in third quarter as labor market conditions soften
Item 1 of 2 Construction workers paint a residential housing project during a heat wave, in Carlsbad, California,…
ECB’s Villeroy: inflation risks warrant keeping policy options open
PARIS, Dec 5 (Reuters) – The European Central Bank needs to keep its policy options open at upcoming…
Canadian dollar rises to 10-week high as jobs data beats estimates for third month
Item 1 of 2 A Canada Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas…
Ukraine’s GDP-linked debt holder group pushes back decision on support for restructuring plan
LONDON, Dec 5 (Reuters) – A key group of Ukraine’s creditors said on Friday more time was needed…
Morning Bid: ‘Tis the season for macro forecasts
LONDON, December 5 (Reuters) – Everything Mike Dolan and the ROI team are excited to read, watch and…
Canada’s unemployment rate shrinks to lowest in 16 months as part-time jobs increase
Canada’s unemployment rate in November falls to 6.5% Economy adds a net of 53,600 jobs in November Canada…
Japan’s Nikkei skids in subdued Asia as bets of rate hike grow
Nikkei falls 1.5%, shares elsewhere subdued Japan spending data weak BOJ widely expected to hike rates this month…
Australia’s household spending surges, lifting rate hike bets
Strong spending data bodes well for Q4 GDP Shoppers lured by year-end sales events, discretionary spending jumps Swaps…