BofA Global Research said on Monday that it expects the U.S. Federal Reserve to deliver four 25-basis point (bps) rate cuts next year, starting in March.
Federal Reserve Bank of Cleveland President Loretta Mester said financial markets had got “a little bit ahead” of the central bank on when to expect interest rate cuts, the Financial Times reported on Monday.
Julius Baer’s exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager, an analyst said on Monday.
OCI’s shares jumped nearly 12% on Monday after the European chemicals maker said it had agreed to sell its stake in Iowa Fertilizer Company to Koch Ag & Energy Solutions for $3.6 billion.
Budget hotel operator Wyndham Hotels & Resorts on Monday asked its shareholders to reject Choice Hotels takeover offer, citing regulatory review of up to 24 months and lower valuation.
The European Union on Monday said it would launch an investigation of social media company X, formerly known as Twitter, over a suspected breach of obligations in its first such probe under the Digital Services Act (DSA).
Turkey and Turkish companies have saved around $2 billion on energy bills in 2023 by raising imports of discounted Russian oil and refined products, Reuters calculation based on LSEG data and traders’ estimates showed, and Ankara wants to buy more from its neighbour despite Western sanctions.
U.S. stock index futures edged higher on Monday as Treasury yields slipped ahead of economic data this week that could offer insights on when the Federal Reserve could start cutting interest rates.
The U.S. Federal Reserve started 2023 on a grim note, with staffers calling a recession “plausible,” and policymakers penciling in growth near stall speed and rising unemployment as the costs of quashing inflation with rapid-fire interest rate increases.
