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Pakistan province calls for local assembly to be dissolved in win for former PM Khan

By Mubasher Bukhari LAHORE (Reuters) – The chief minister of Pakistan’s most populous province, an ally of former Prime Minister Imran Khan, has called for the local assembly to be dissolved, in a bid to force the federal government into holding snap general elections. Punjab Chief Minister Parvez Elahi, a coalition partner of Khan’s Pakistan …

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German economy likely stagnated in Q4, escaping recession for now

By Maria Martinez and Paul Carrel BERLIN (Reuters) -German economic output stagnated in the final quarter of 2022 and grew 1.9% over the full year, adding to signs that Europe’s largest economy may dodge a recession, at least over the winter. The full-year rise in gross domestic product reported by German statistics office Destatis on …

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India’s foreign exchange reserves slip in first week of year

MUMBAI (Reuters) – India’s foreign exchange reserves fell to $561.58 billion in the week through Jan. 6, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. For the week ended Dec. 30, the country’s reserves were at $562.85 billion, down from $633.61 billion at the end of 2021. The central bank has been …

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Los inversores se lanzan a la renta variable y la renta fija en un escenario ideal: BofA

LONDRES, 13 ene (Reuters) – Los inversores pusieron fondos en activos de renta variable y de renta fija y retiraron dinero del oro en la semana hasta el miércoles, según BofA Global Research, animados por una serie de datos positivos y cambios de políticas. “No se puede tener un escenario más ‘Ricitos de oro’ que …

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India’s wholesale passenger vehicle volume up on UV demand – industry body

(Reuters) – India’s wholesale passenger vehicles sales volume grew 7.2% in December as demand for utility vehicles (UV) soared, the Society of Indian Automobile Manufacturers (SIAM) said on Friday. Wholesale passenger vehicle volumes rose to 235,309 units in December from 219,421 units a year ago, and hit a record high of nearly 3.8 million units …

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Intesa Sanpaolo says repaid 20 billion euros of ECB loans

MILAN (Reuters) – Italy’s Intesa Sanpaolo said on Friday it had repaid around 20 billion euros ($21.61 billion) in loans from the European Central Bank (ECB). The early repayment leaves the group with around 76 billion euros in outstanding Targeted Longer Term Refinancing Operation (TLTRO) III funds, the bank added. Euro zone banks are set …

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Hitachi and Petrofac to work on TenneT offshore power conversion stations

AMSTERDAM (Reuters) – TenneT, the Dutch-German electricity grid operator, has struck an agreement for Hitachi Energy and Petrofac to work on two 2 gigawatt (GW) conversion stations it is planning in the North Sea, the company said on Friday. Financial terms were not disclosed, but TenneT said it expects to award full framework contracts this …

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Actividad económica de Brasil cae por cuarto mes seguido en noviembre

BRASILIA, 13 ene (Reuters) -La actividad económica de Brasil cayó más de lo esperado en noviembre, mostraron el viernes datos del Banco Central, en el cuarto mes seguido de contracción, lo que refuerza la desaceleración de la actividad en medio de los mayores costos de endeudamiento. El índice de actividad económica IBC-Br, que se considera …

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Djokovic está aún más ansioso por ganar el Abierto de Australia – Becker

BERLÍN, 13 ene (Reuters) – Novak Djokovic tiene aún más ganas de ganar su décimo título del Abierto de Australia este año tras su deportación de Australia hace 12 meses por no estar vacunado contra el COVID-19, dijo el viernes el ex número uno del mundo Boris Becker. Becker, de 55 años, que fue expulsado …

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Goldman Sachs prevé un 2023 positivo en renta variable – informe

Por Carolina Mandl NUEVA YORK, 13 ene (Reuters) – El Grupo de Estrategia de Inversión de Goldman Sachs prevé que la renta variable estadounidense genere rendimientos positivos para los inversores en 2023, incluso si la economía entra en recesión, según su informe de perspectivas publicado el viernes. El equipo de gestión de patrimonios del banco …

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