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IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
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Ireland lays out plans for 100 billion euro sovereign wealth fund
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Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032
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IMF says ‘weak tail’ of banks could struggle in an economic downturn
Dollar stalls as dovish Fed and China hopes help euro
Date: October 10, 2023
Dollar stalls as dovish Fed and China hopes help euro By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar stalled and the euro ticked up on Tuesday as investors reacted to a sharp drop in U.S. bond yields on the back of dovish Federal Reserve comments, as well as the prospect of stimulus...
Bank of England to review how it stress tests banks
Date: October 10, 2023
Bank of England to review how it stress tests banks By Huw Jones LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, adding that next year’s annual health check of major lenders will dispense with bank-by-bank results while a “stocktake” of stress testing takes place....
Bank of England warns that some global asset valuations appear stretched
Date: October 10, 2023
Bank of England warns that some global asset valuations appear stretched By David Milliken and Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that valuations for some financial assets may be too high, particularly for U.S. tech stocks and dollar-denominated corporate bonds. “The overall risk environment continues to be challenging and near-term...
Imperative for Italy to control public spending, economy minister says
Date: October 10, 2023
Imperative for Italy to control public spending, economy minister says By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to restore tough fiscal rules next year that have been suspended since 2020 due to the COVID-19 pandemic. EU governments are...
Allianz Trade in Asia Pacific planning for growth in India
Date: October 10, 2023
Investments planned for the new growth engine in Asia According to the latest report from Allianz Trade, the global economy will continue to face challenges, with lackluster growth from the cumulative impact of monetary policy tightening until the end of 2024. Overall, global GDP growth is projected to slow to +2.7% in 2023 and +2.4%...
Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources
Date: October 9, 2023
Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sources By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and the possibility of raising fresh financing, three people with knowledge of the discussions told Reuters. Interactions have...