Turkey slashes growth forecasts in economic plan, lira falls
Turkey sharply cut its growth forecasts for this year and next on Thursday, but disappointed investors who had hoped for deeper reductions that reflected the fragile state of the economy and a plan to help banks. Sonia Legg reports......»»
Turkey Slashes Growth Forecasts in Bid to Cool Inflation
The Turkish government slashed projections for growth over the next several years, signaling that it would seek to cool the country’s debt-fueled economic boom and rein in double-digit inflation......»»
Turkey Slashes Growth Forecasts to Cool Inflation
The Turkish government slashed projections for growth over the next several years, signaling that it would seek to cool the country’s debt-fueled economic boom and rein in double-digit inflation......»»
Oil falls on weaker economic growth forecasts and swelling U.S. crude stocks
Oil prices fell on Tuesday, as investors worried that the unrelenting U.S.-China trade war would keep squeezing the global economy, and that swelling U.S. crude inventories would further pressure prices......»»
Bond Report: 10-year U.S. government bond yield falls to 15-month low after Fed’s dovish policy update
Treasurys on Wednesday rallies, pushing yields lower, after a more dovish policy update than expected from the Federal Reserve, which downgraded economic growth forecasts and said it would end its balance sheet runoff in September......»»
Bond Report: 10-year Treasury yield falls to 15-month low after Fed’s dovish policy update
Treasurys on Wednesday rallies, pushing yields lower, after a more dovish policy update than expected from the Federal Reserve, which downgraded economic growth forecasts and said it would end its balance sheet runoff in September......»»
U.S. sanctions whack Russia"s rouble, Turkey"s lira free-falls
Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drove down Russia's rouble Turkey's lira plunged as worries mounted that Ankara was sliding towards a full-blown economic crisis......»»
Goldman Slashes 10-Year Bond Yield Forecasts Across The Globe
Repeating what has become an annual tradition, this morning Goldman - which started off the year expecting higher 10Y yields around the globe on assumptions of rising economic growth and stronger inflation - cut its bond yield forecasts f.....»»
Turkish Lira Swings Violently As Erdogan"s Economic Plan Spooks Traders
The Turkish lira swung violently, rising to session highs then slumping 1.5% after Turkey presented its medium term economic plan, which together with last week's massive 625bps rate hike was supposed to restore investor confidence in the country.....»»
Wall Street falls at open on global growth worries
U.S. stocks opened lower on Thursday as worries over a global slowdown were rekindled after the European Union cut its economic growth forecasts, while a slew of dismal quarterly reports also added to woes......»»
Daily Digest: Allstate eyes California return; Firm to cut 1,000 jobs after financial error
Good morning, Bay Area. In the economy, U.S. economic growth slid to an almost two-year low last quarter while inflation also ticked up and GDP increased at a 1.6% annualized rate, below all economists’ forecasts. All this while the econom.....»»
US economic growth will hit 7% this year on major stimulus boost, BofA says in latest upgrade
The $1.9 trillion stimulus plan approved this month contributed to a 45% jump in card spending from a year ago as of March 20, BofA economists said. People shopping at the Union Square Greenmarket as New York City continue.....»»
US tech stock futures slide as 10-year yield surges past 1.7% after Fed raises growth and inflation forecasts
US bond yields rose sharply in European trading after the Fed decision, dealing a fresh blow to tech stocks. Fed chair Jerome Powell said the central bank was not thinking of cutting back on economic support Mark Wilson/Getty Images The key U.....»»
Seattle falls out of top 10 in annual ranking of best-performing cities
Seattle slipped from its eighth-place spot last year thanks to its "dismal" short-term job growth and a low housing affordability score. Still, the study found Seattle’s strength in cloud computing positions it well for an economic recovery......»»
Opinion: Plan ahead for growth during economic recovery
There are positive signs that a recovery is expected. Sarah Howard asks: Is your business poised and ready for growth when recovery hits?.....»»
Providing a path to citizenship as part of Biden"s infrastructure plan would boost economic growth, more than 60 economists say
More than 60 economists said that a path to citizenship for undocumented immigrants w.....»»
Coronavirus forces HSBC to cut global growth forecasts, again
Europe's biggest bank, HSBC has cut already bleak global growth forecasts even further, as lockdown restrictions extended through April and tentative economic re-openings drag on a return to business, trade and spending......»»
Economic Report: Three years of eurozone economic growth wiped away as ECB’s Lagarde forecasts big drop for the year
Three years of the eurozone economy have been wiped away, and it is likely going to get worse......»»
Here Are The Three Steps For An "Exit Plan" Torward Full Economic Re-opening
Here Are The Three Steps For An "Exit Plan" Torward Full Economic Re-opening Global infection growth slowed from 40% W/W to 20% W/W in the last fortnight (total infection: 2,709,483, death: 190,872, 7.0% mortality ra.....»»
Wall Street falls as U.S. crude crash adds to pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the biggest economic slump since the Great Depression......»»
Wall Street falls as U.S. crude collapse compounds pandemic woes
Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual profit forecasts by companies foreshadowed the biggest economic slump since the Great Depression due to the coronavirus outbreak......»»