MUMBAI (Reuters) – India’s federal government is likely to increase capital expenditure by 30% to 9 trillion rupees ($110.59 billion) in the next fiscal year to fuel growth, Barclays said. “In a pre-election year, we do not expect any material push to increase the pace of fiscal consolidation, and any extra fiscal room is likely …
India FY24 capex may rise 30% with focus on growth – Barclays Read More »
New York/München (Reuters) – JPMorgan-Investmentbanker Dirk Albersmeier gibt seinen Posten als weltweiter Co-Chef des M&A-Beratungsgeschäfts der US-Bank auf. Albersmeier werde sich auf eine “ganz auf die Kunden und Transaktionen fokussierte Aufgabe” zurückziehen, hieß es in einem am Donnerstag verbreiteten internen Memo der beiden Investmentbanking-Chefs James Casey und Viswas Raghavan, das Reuters vorliegt. Zudem solle Albersmeier …
Neue Rolle für JPMorgan-Investmentbanker Albersmeier Read More »
SINGAPORE (Reuters) -China’s coal imports slipped in December from a month earlier as industrial activity slowed following a surge in COVID-19 cases after Beijing’s sudden removal of stringent pandemic controls. The world’s top coal consumer brought in 30.91 million tonnes of the fossil fuel last month, versus 32.31 million in November, data from the General …
China Dec coal imports slip as COVID spike dampens industrial activity Read More »
Athen (Reuters) – Die EZB wird aus Sicht von Griechenlands Notenbankchef Yannis Stournaras die Zinsen so lange anheben, bis eine Rückkehr der Inflation zum Zentralbank-Ziel von zwei Prozent sichergestellt ist. “Es wird erwartet, dass die Zinssätze weiter erhöht werden, bis sich die jüngsten positiven Anzeichen für eine Abnahme des Inflationsdrucks in Gewissheit verwandeln, dass das …
Stournaras (EZB) – Zinserhöhungen bis Rückkehr der Inflation zu Zielmarke sicher ist Read More »
By Yoruk Bahceli (Reuters) – The rapid reopening of China’s economy from COVID lockdowns is brightening the outlook for global investors keen to leave behind one of their worst years on record, but may also fuel the inflationary pressures policymakers hope are abating. The impact of the reopening of the world’s second largest economy on …
Analysis-China’s rapid reopening brings joy and woe for world markets Read More »
BEIJING (Reuters) – China’s trade with Russia hit a record 1.28 trillion yuan ($190 billion) last year, the government said on Friday, even as Russia’s imports from the European Union fell on sanctions related to Moscow’s invasion of Ukraine. China’s 2022 exports to and imports from Russia accounted for 3% of China’s total trade, Lyu …
China’s 2022 trade with Russia hit record $190 billion – customs Read More »
By Mariko Katsumura and Shinichi Uchida TOKYO (Reuters) – Japan’s newest star investor has no car or hobbies and rarely eats out. But Toshiya Imura has turned an obsession for stock research into $42 million in returns, giving the former comedian an enthusiastic fan base and a chance to launch his own fund. After years …
Former Japanese comedian gets second act as star investor Read More »
A look at the day ahead in European and global markets from Anshuman Daga Is there anything spooky about Friday the 13th? Well, certainly not for global equity investors as they cheered U.S. inflation data that showed the Fed’s aggressive rate increases are having the desired effect. Asian stock markets advanced to hit another seven-month …
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the dollar on Friday following another fall in the U.S. inflation rate, while forward premiums rose to their highest level in two months. The rupee was trading at 81.4150 to the U.S. dollar by 10:50 a.m. IST, compared with 81.55 in the previous session. …
Rupee rises after benign U.S. inflation print, forward premiums jump Read More »
(Reuters) – Vodafone Group Plc is planning to shed several hundred jobs, most of which are located at its London headquarters, the Financial Times reported on Friday, citing people briefed on the discussions. The report follows Vodafone’s November announcement of cost-saving measures worth 1 billion euros ($1.08 billion) in the wake of a deteriorating market …
Vodafone plans hundreds of job cuts in cost-saving measures – FT Read More »
