Town Hall News

PARIS (Reuters) – Wall Street bank Morgan Stanley said on Friday that it was forecasting the European Central Bank’s (ECB) so-called “terminal” rate – the level to which it believes the ECB’s key rate will rise – at 4%. “Following material revisions to our inflation forecast, we now expect the ECB’s terminal rate at 4%,” wrote Morgan Stanley in a research note. (Reporting by Sudip Kar-Gupta; Editing by Edmund Klamann) […]

By Kevin Buckland TOKYO (Reuters) – The U.S. dollar eased from a 2-1/2-month high versus the yen on Friday and looked set for its first weekly loss since January against major peers as traders tried to gauge the path for Federal Reserve policy. The yen, though, which is particularly sensitive to U.S.-Japanese long-term interest rate differentials, threatened to extend its recent losing streak to seven weeks, even as it gained […]

(Reuters) – Germany’s Lufthansa said on Friday it had returned to a “clearly positive result” in 2022 despite high cost inflation and fuel prices, boosted by a strong increase in demand for air travel following the loss-making years of the pandemic. The company reported a full-year operating profit of 1.23 billion euros ($1.30 billion) for 2022, compared to a loss of 2.3 billion euros the previous year, but below a […]

By Scott Murdoch and Nandan Mandayam SYDNEY/BENGALURU (Reuters) -Four firms under India’s embattled Adani Group saw their share prices surge on Friday after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani’s ability to attract funds. The stake purchases comprised the first major investment in billionaire Gautam Adani’s conglomerate since a short-seller’s critical report resulted in seven of the Indian group’s listed firms losing more […]

By Scott Murdoch and Nandan Mandayam SYDNEY/BENGALURU (Reuters) -Four firms under India’s embattled Adani Group saw their share prices surge on Friday after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani’s ability to attract funds. The stake purchases comprised the first major investment in billionaire Gautam Adani’s conglomerate since a short-seller’s critical report resulted in seven of the Indian group’s listed firms losing more […]

By Krishn Kaushik and Simon Lewis NEW DELHI (Reuters) – Russia cannot be allowed to wage war with impunity, U.S. Secretary of State Antony Blinken and his counterparts from India, Japan and Australia said in a statement on Friday following a meeting in New Delhi. The so-called Quad group also said that the use, or threat of use, of nuclear weapons in Ukraine was “inadmissible”. Late last month, Russian President […]

By Davide Barbuscia NEW YORK (Reuters) – U.S. firm Capital Group, one of the world’s largest investment management companies which manages about $2.2 trillion in equity and fixed income assets, said the beating that markets took last year made it more bullish on long-term stock and bond returns. “After a tumultuous year that saw double-digit declines in most equity and fixed income asset classes, our 20-year return assumptions are higher […]

By Krishn Kaushik and Simon Lewis NEW DELHI (Reuters) – Russia cannot be allowed to wage war with impunity, U.S. Secretary of State Antony Blinken and his counterparts from India, Japan and Australia said in a statement on Friday following a meeting in New Delhi. The so-called Quad group also said that the use, or threat of use, of nuclear weapons in Ukraine was “inadmissible”. Late last month, Russian President […]

ISTANBUL (Reuters) – Turkey’s six-party opposition alliance said it will announce on Monday its joint candidate to challenge President Tayyip Erdogan in the presidential election, little more than two months before the vote is set to be held. Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote with a date just over three months after a devastating earthquake killed […]