Author: News Room

WASHINGTON (Reuters) – The World Bank on Thursday lifted its 2023 economic growth forecast for eastern Europe and central Asia to 1.4% from an earlier 0.1% prediction, citing improved outlooks for both Russia and Ukraine despite their ongoing war. The regional forecast, released just days before the World Bank and International Monetary Fund hold their annual spring meetings, has Ukraine’s economy growing by 0.5% this year following a staggering contraction of 29.2% in 2022, the year Russia launched its invasion. “While the economic toll suffered by Ukraine as a result of the invasion is enormous, the reopening of Ukraine’s Black…

By Ambar Warrick Investing.com — Asian currencies retreated on Wednesday as easing fears of a banking crisis spurred a sharp bounce in Treasury yields, rekindling some bets that the Federal Reserve still has room to keep raising interest rates. The dollar also regained some ground against a basket of currencies in Asian trade, but was still trending close to 2023 lows. The and rose about 0.2% The saw the sharpest pullback among Asian currencies, down 0.6% as waning safe haven demand also hit the yen’s appeal. The , which is the central bank’s preferred inflation gauge, fell more than expected…

By Ambar Warrick Investing.com — Oil prices rose slightly in early Asian trade on Tuesday as markets weighed a surprise output cut by the OPEC+ against fears of slowing economic growth after a barrage of weak manufacturing indicators from across the globe. Crude prices rallied to multi-month highs on Monday after the Organization of Petroleum Exporting Countries and allies (OPEC+) unexpectedly said it will cut output by over 1.6 million barrels per day (bpd), pointing to tighter supply in the coming months. But this was also accompanied by a slew of weak manufacturing data from across the globe, which played…

© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 31, 2023. REUTERS/Andrew Kelly By Noel Randewich and Ankika Biswas (Reuters) – Major U.S. stock indexes ended higher on Thursday, helped by a rally in Alphabet (NASDAQ:) shares as investors, worried about a slowing economy, looked to upcoming jobs data. Alphabet Inc rallied 3.8% and Microsoft (NASDAQ:) climbed 2.6%, with both providing more fuel than any other stocks for the ‘s gain for the session. Alphabet’s Google unit plans to add artificial intelligence features to its search…

Are you less happy at work since you befriended that new recruit? Have they told you stories about how colleagues have constantly undermined them? Maybe you have a boss who excludes you from key meetings and then asks why you did not attend a meeting even though you are pretty sure you were not invited to begin with. If any of this rings true, you may be working with a gaslighter.Gaslighters, as the name suggests, cast themselves in a positive light — friend or confidante who is here to help — but actually are manipulating or undermining others, usually from…

By Mary de Wet CSX Corp. said Friday that it has reached an agreement with the Sheet Metal, Air, Rail and Transportation Workers-Mechanical Department to provide paid sick leave benefits. This would be the latest union group that the Jacksonville, Fla.-based railroad has agreed with on sick leave benefits. A lack of paid sick time in the industry was one of the reasons many rail workers voted down a contract with the railroads last fall, nearly causing a nationwide transportation strike. “CSX continues to work collaboratively with all of our union partners to find solutions that improve the quality of…

President Joe Biden’s trip to Ireland follows a long-standing tradition of US presidents with Irish roots visiting their ancestral homes. CNN’s Donie O’Sullivan spoke with relatives of Biden and former presidents about their connection with the Emerald Isle. Read the full article here

Shares in 10 Chinese companies soared almost 100 per cent on average on Monday, as the first batch of initial public offerings under a new streamlined listings regime debuted in Shanghai and Shenzhen.The top gainers among the new launches included Shenzhen CECport Technologies, an electronics distributor, whose shares ended trading up more than 220 per cent, and Shaanxi Energy Investment, a state-owned electricity group that raised Rmb7.2bn ($1.1bn) from its IPO and whose stock rose about 48 per cent. The average gain across the 10 new listings was more than 96 per cent.But financial experts said the massive price gains…

Introduction Nearly eleven months ago I wrote my very first article, “Brookfield Asset Management – Asset Management Spinoff To Unlock Value”, on Seeking Alpha. In this article, I want to give an update on the former Brookfield Asset Management, now Brookfield Corporation (NYSE:BN) (TSX:BN:CA). As for the structure of this update article, I will briefly lay out my initial thesis and go over what has happened since then. I will give my current take on Brookfield Corporation and also briefly address the newly formed entity, the new Brookfield Asset Management (NYSE:BAM) (TSX:BAM:CA). Thesis review My thesis was that valuing Brookfield’s…

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