The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to one ECB policymaker.
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The European Central Bank should cut interest rates in June to avoid falling behind the inflation curve, according to one ECB policymaker.
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Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion).
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British oil major BP on Thursday trimmed the size of its executive team down to 10 members.
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Several ECB officials have made remarks about their expectations for interest rates in recent days.
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The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China.
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Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
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High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF said Tuesday.
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The IMF forecast will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine.
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Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
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The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."
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