(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power,…
Global manufacturing gloom dims UK activity: PMI survey
LONDON (Reuters) – British manufacturing activity fell for a fourth month in a row in November, as businesses faced the…
China will move to protect its firms following U.S. telecoms ban
BEIJING (Reuters) – China opposes the U.S. Federal Communications Commission’s ban on new Chinese telecommunications equipment sales, the commerce ministry…
When the chips go up: Big banks bet on South Korea, Taiwan stocks for 2023
By Harish Sridharan (Reuters) – Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in…
Euro zone banks not facing up to reality of downturn, ECB says
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so…
Euro zone factory downturn eased in November, inflationary pressures moderated
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which…
Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’
By Carolina Mandl NEW YORK (Reuters) -Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to…
Credit Suisse’s fund outflows may spark M&A talk – JPMorgan
ZURICH (Reuters) – Continued client outflows at Credit Suisse could spark speculation of a takeover of the embattled Swiss bank…
Meta executive says holiday sales were earlier and bigger this year
(Reuters) – The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than…
Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening: Reuters poll
By Savyata Mishra (Reuters) – Investors turned modestly bullish on currencies of South Korea, Malaysia and Thailand, supported by prospects…