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Discover Financial fourth-quarter profit jumps on lower loan loss provisions

January 23, 2025

(Reuters) – U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, helped by a

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Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view

January 22, 2025

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets.  Whatever doubts investors may have surrounding the longer-term economic damage

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Capital Economics sees Egypt GDP growth outpacing consensus

January 22, 2025

Capital Economics, a research firm, has projected Wednesday that Egypt’s Gross Domestic Product (GDP) growth will accelerate in the upcoming fiscal years,

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Fed’s rate meeting next week likely to be a nothingburger as hold largely expected

January 22, 2025

Investing.com — The Federal Reserve is set for its first policy meeting next week, but BofA believes the meeting is likely to

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BoE could slow QT to hold off bond vigilantes 

January 22, 2025

By Mike Peacock , (Reuters) – Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider

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US Treasury sells 20-Year Treasuries at lower-than-expected yield

January 22, 2025

Investing.com — The U.S. government sold 20-year Treasuries on Wednesday at a lower-than-expected yield as stronger domestic buying eased the hit from

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Trump push to use tariffs to pay for tax cuts faces opposition in Congress

January 22, 2025

By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue

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New York obtains $1.065 billion judgment against accused predatory lender

January 22, 2025

By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment

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Davos- Top NYSE exec sees robust US IPO activity in 2025

January 22, 2025

By Divya Chowdhury and Niket Nishant DAVOS, Switzerland (Reuters) – A strong U.S. economy and lower interest rates could foster a surge in

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Argentina economic activity seen contracting less in November

January 22, 2025

By Hernan Nessi BUENOS AIRES (Reuters) – Economic activity in Argentina likely fell again in November versus the same month a year earlier,

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Puma announces cost-cutting after 2024 net profit misses expectations

January 22, 2025

LONDON (Reuters) -Sportswear brand Puma (OTC:PMMAF) announced a cost-cutting programme on Wednesday after reporting 2024 net profit below the prior

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What does UK’s Reeves’ removal of a competition regulator mean for growth?

January 22, 2025

LONDON (Reuters) – British finance minister Rachel Reeves has forced out the chairman of the country’s competition watchdog, saying he did not

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Former US House speaker praises Trump economic picks, warns of debt hiccup

January 22, 2025

DAVOS, Switzerland (Reuters) – Paul Ryan, the former speaker of the U.S. House of Representatives, praised President Donald Trump’s choices for economic

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Brazilian government officials renew fiscal balance pledge

January 22, 2025

SAO PAULO (Reuters) – Brazilian government officials on Wednesday reaffirmed their commitment to balancing public accounts, as financial markets continue to question

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Israel central bank chief says 1-2 rate cuts possible in 2025 if inflation cooperates

January 22, 2025

By Brad Haynes DAVOS (Reuters) – The Bank of Israel could reduce short-term interest rates one or two times in the second half

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ECB’s Rehn says inflation confidence will allow for rate cuts

January 22, 2025

FRANKFURT (Reuters) – European Central Bank interest rates will keep falling as policymakers are confident that inflation will stabilise at the bank’s

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