BNY Mellon beats profit estimates as higher rates boost interest income
(Reuters) – Bank of New York Mellon (NYSE:BK) Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s…
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast
J.P.Morgan and Citigroup (NYSE:C) upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift…
Big UK firms shrug off banking turmoil and turn more hopeful – Deloitte
Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval…
US import prices fall more than expected in March
U.S. import prices fell more than expected in March, leading to the biggest year-on-year decline since mid-2020, further evidence that…
Birkin bag maker Hermes sees no U.S. slowdown as sales jump 23%
Sales at Birkin bag maker Hermes rose 23% in the first quarter, above market expectations, as wealthy shoppers in China…
Bank of England’s Pill says latest UK data is disappointing
Bank of England Chief Economist Huw Pill said on Thursday that the latest data on the economy, including a stagnation…
China’s exports rise unexpectedly, but economists warn of weakness ahead
China’s exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly…
Norwegian Crown Suffers Amid Banking Sector Turmoil, but Recovery May Be in Sight
The Norwegian crown has had a tough start to 2023, with the currency being the worst-performing G10 currency so far…
Dollar edges higher on safe haven flows; caution ahead of payrolls
The U.S. dollar edged higher in early European trade Thursday with weakening risk sentiment benefiting this safe haven, but remains…
DJI: Dow Jones Tumbles as Economic Concerns Rear Up
The 30-stock Wall Street average snapped four straight days of winning as new data sparked worries. Dow Jones Industrial Average…