BERLIN (Reuters) – A downturn in German economic activity eased for the second month running in December, a preliminary survey…
Bundesbank sees recession, higher inflation in Germany
FRANKFURT (Reuters) – Inflation in Germany, the euro zone’s biggest economy, is likely to be higher than earlier thought while…
South Korea pension fund opens up FX hedging limit to maximum 10%
By Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10%…
Bank of England raises rates to 3.5%, says inflation has peaked
(This Dec. 15 story has been corrected to change Robert Dishner’s location to London from Chicago in paragraph 33) LONDON…
French economic contraction worsened in December – flash PMI
By Sudip Kar-Gupta PARIS (Reuters) – French business activity contracted at a faster rate in December than the previous month,…
ECB’s Villeroy: Match against inflation is not over
PARIS (Reuters) – European Central Bank (ECB) member and Bank of France head Francois Villeroy de Galhau said on Friday…
U.S. Senate passes stopgap funding bill to avert government shutdown
By Makini Brice and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate passed by a 71-19 vote a weeklong stopgap…
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get…
For bear stock pickers, 2023 is full of rich pickings
By Nell Mackenzie LONDON (Reuters) – Well-known activist short-selling hedge funds expect to find more companies squeezed by tough economic…
No Santa rally for markets as central banks dampen peak rate hopes
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) -Forget a year-end rally in financial markets. The message from major central…