News
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EXCLUSIVE-VTB CEO says Russian banks are ready to restructure some Russian Railways debt
VTB is Russian Railways' biggest creditorCreditors involved in debt restructuring talksCentral bank's reserve requirements key to restructuring loansDebt conversion into shares rejected by Russian Railways' creditorsBy Elena Fabrichnaya and Gleb Bryanski MOSCOW, Dec 1 (Reuters) - Russ...Reuters
Mon, Dec 1
RUB: Russian banking stress deepens – Commerzbank
Concerns over financial stress in the Russian banking system, which first emerged in June, continue to grow. Throughout the year, updates from banking officials and the development ministry have periodically highlighted these pressures, Commerzbank's FX analyst Tatha Ghose notes.Fxstreet
Mon, Dec 1
Euro zone factory activity contracts in November, job cuts accelerate, PMI shows
By Indradip Ghosh Dec 1 (Reuters) - Euro zone manufacturing activity slipped back into contraction territory in November on weakening demand that forced firms to cut jobs at the quickest rate in seven months, a private survey showed.The HCOB Eurozone Manufacturing Purchasing Managers' Index (...Reuters
Mon, Dec 1
South African manufacturing sentiment plunges in November
JOHANNESBURG, Dec 1 (Reuters) - A monthly gauge of South African manufacturing sentiment saw its sharpest drop of the year in November, a purchasing managers' index (PMI) survey showed on Monday.The seasonally-adjusted PMI sponsored by South African bank Absa fell to 42.0 in November from 49.2 i...Reuters
Mon, Dec 1
German consumer confidence dims as Christmas shopping season falters
By Maria Martinez BERLIN, Dec 1 (Reuters) - German consumer sentiment has slumped to its lowest point of the year, just as shoppers should be flocking to stores for Christmas gifts, raising concerns about the health of Europe's largest economy during what retailers call the "golden quarte...Reuters
Mon, Dec 1
Standard Chartered raises China 2026 GDP growth forecast to 4.6%
BEIJING, Dec 1 (Reuters) - Standard Chartered revised its forecast for China's 2026 gross domestic product growth to 4.6% from 4.3%, citing the country's resilient exports and continued gains in productivity, it said in a note released on Monday.China's exports are expected to remain com...Reuters
Mon, Dec 1
VTB CEO says Russian banks are ready to restructure some Russian Railways debt
MOSCOW, Dec 1 (Reuters) - Russian banks are ready to restructure some Russian Railways debt as long as the central bank does not increase reserve requirements for these loans, VTB CEO Andrei Kostin told Reuters in an interview. Russia's government is discussing different ways to prop up Russian ...Reuters
Mon, Dec 1
Japan’s Kihara: Expects BoJ to continue with appropriate monetary operations
Japan's Chief Cabinet Secretary, Minoru Kihara, states during the European session on Monday that THE administration expects the Bank of Japan (BoJ) to conduct appropriate monetary policy operations to bring inflation sustainably to the desired target.Fxstreet
Mon, Dec 1
Euro zone yields edge up, ultra-long end of German curve steepens
By Stefano Rebaudo Dec 1 (Reuters) - Euro area government bond yields edged up on Monday as investors looked to U.S. Treasuries for direction, while the ultra-long end of the German curve hovered near its steepest levels in over six years.Investors awaited euro area inflation data due on Tuesday,...Reuters
Mon, Dec 1
France new car registrations down 0.3% in November, industry body says
Dec 1 (Reuters) - New car registrations in France fell 0.3% in November from a year earlier to 132,927 vehicles, data from French car body PFA showed on Sunday.Tesla TSLA.O sales in the country slumped 57.83% to 1,591 vehicles last month. Since the start of the year, Tesla's sales have fallen by...Reuters
Mon, Dec 1
