By John O’Donnell, Lawrence White and Tom Sims LONDON/FRANKFURT (Reuters) -Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting i[...]
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January 30, 2023
Barclays turns bullish on European banks, downgrades utilities sector
(Reuters) – Barclays analysts on Monday upgraded Europe’s banking sector, as it sees benefits of higher interest rates and healthy financials, but the British investment bank downgraded th[...]
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From boom to bottom and now big change: Renault and Nissan reshape alliance
PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan on Monday agreed to a sweeping reset of their two-decade alliance that will put them on equal footing. The partner[...]
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Staying the course: Five questions for the ECB
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – The European Central Bank looks set on Thursday to deliver another large interest rate rise to curb inflation. What it does after that[...]
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Marketmind: Breathe in
A look at the day ahead in European and global markets from Tom Westbrook Markets are holding their breath for a week where central banks may start to take divergent paths. Chinese markets have return[...]
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The 2% target: Central banks’ inflation touchstone faces post-pandemic reckoning
By Howard Schneider, Balazs Koranyi and William Schomberg WASHINGTON/FRANKFURT/LONDON (Reuters) – Top central bankers, who credit the use of a 2% inflation target with anchoring decades of stabl[...]
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China’s factory activity likely contracted more slowly in January
BEIJING (Reuters) -China’s factory activity in January is expected to have contracted more slowly than in December, a Reuters poll showed on Monday, with production hampered as workers continued[...]
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China’s 2022 smartphone sales plunge to lowest level in a decade
By Josh Horwitz SHANGHAI (Reuters) – China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped c[...]
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Boeing’s 747, the original jumbo jet, prepares for final send-off
By Valerie Insinna and Tim Hepher SEATTLE/PARIS (Reuters) -Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than fiv[...]
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