(Reuters) – Goldman Sachs on Wednesday raised its forecast for the peak in the federal funds rate by 25 basis points to 5-5.25%, after adding one more quarter-point Federal Reserve hike in May 2[...]
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Articles written by Reuters
UK inflation hits 41-year high as Hunt readies tough budget
By Andy Bruce and William Schomberg LONDON (Reuters) – Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy[...]
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United Airlines expects busiest travel day since start of COVID this Thanksgiving
By David Shepardson WASHINGTON (Reuters) – United Airlines said Wednesday it expects to carry 5.5 million passengers during the Thanksgiving travel period, up about 12% over 2021. The U.S. carri[...]
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Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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Zurich Insurance sets more ambitious financial targets
By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers benefit from rising premium r[...]
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Explainer-Britain’s insurers become test case for post-Brexit ‘unshackling’
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to[...]
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Musk tells Twitter staff: Opt in for ‘intensity’ or take severance
By Hyunjoo Jin and Fanny Potkin (Reuters) -Elon Musk sent a message to Twitter Inc staff telling them they had until Thursday to decide whether they wanted to stay on at the company to work “lon[...]
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BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely.[...]
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Dollar weighed by easing Polish tensions, supported by U.S. data
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The euro pulled higher against the dollar and the yen on Wednesday as concerns about a missile strike in Poland eased but the dollar gai[...]
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