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Economy

Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

AI safety is hard to steer with science in flux, US official says

By Jeffrey Dastin NEW YORK (Reuters) – Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that…
Economy

Ferrari will always make its cars in Italy, CEO says

By Vanessa O’Connell NEW YORK (Reuters) -Ferrari will always make its luxury sports car in its hometown of Maranello, northern Italy, including…
Economy

Biden plans to block Nippon Steel purchase of U.S. Steel, Bloomberg News reports

(Reuters) -U.S. President Joe Biden plans to formally block Nippon Steel’s proposed takeover of U.S. Steel on national security grounds once the…
Economy

Economists say Canada likely missed deficit target as minister stays silent

By Promit Mukherjee OTTAWA (Reuters) -Canada’s Finance Minister Chrystia Freeland declined to say on Tuesday whether the country would achieve its deficit…
Economy

Lilly CEO says tax and regulation reform, drug affordability are focuses under Trump

By Patrick Wingrove (Reuters) – Eli Lilly (NYSE:LLY) CEO David Ricks on Tuesday said at the Economic Club of Washington that tax…
Economy

China industrial profits plunge in September, extending slump

BEIJING (Reuters) – China’s industrial profits plunged in September, extending their declines with the year’s steepest monthly fall, official data showed on…
Economy

60% tariff on Chinese goods could slash GDP growth by 2.4%, Citi warns

Investing.com — As per analysts at Citi Research, if a 60% universal tariff were imposed on Chinese goods entering the U.S., the…
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