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Blackstone to invest $500 bln in Europe over next decade, CEO tells Bloomberg Television
June 10 (Reuters) - Blackstone BX.N is planning to invest up to $500 billion in Europe over the next decade, CEO Steve Schwarzman told Bloomberg Television in an interview on Tuesday, underscoring the increasing confidence in the region's prospects.Schwarzman said Europe represents a "major ...Reuters
Tue, Jun 10
Bank of Mexico poised for 50 basis points rate cut despite inflation rebound
Inflation exceeds central bank's target, reaching 4.42% in MayEconomists expect another 50 bps rate cut despite inflation concernsExperts urge caution in future rate cuts amid economic risksBy Noe Torres MEXICO CITY, June 10 (Reuters) - Mexico's central bank is expected to cut its key int...Reuters
Tue, Jun 10
India and US advance toward interim trade deal after four-day talks, say sources
India and US aim to sign first tranche of trade pact by fall 2025India faces 26% US import tariff after 90-day pause ends July 9Both sides agree to hold more talks on bilateral pact Aim to more than double bilateral trade to $500 bln by 2030 By Manoj KumarNEW DELHI, June 10 (Reuters) - Indian and U....Reuters
Tue, Jun 10
Brazil's inflation undershoots forecasts as investors look ahead to central bank decision
By Gabriel Araujo SAO PAULO, June 10 (Reuters) - Brazil's inflation rate slowed more than expected in May, but the 12-month gauge remained above the central bank's target, raising questions about what stance policymakers will take at their interest rate-setting meeting next week.Consumer ...Reuters
Tue, Jun 10
Pakistan boosts defence budget by 20% but slashes overall spending in 2025-26
Pakistan cuts overall spending by 7% in FY26 budget Defence spending rises by 20% after fighting with IndiaGrowth is forecast at 4.2% next yearBy Ariba Shahid and Asif Shahzad ISLAMABAD, June 10 (Reuters) - Pakistan will raise defence spending by a steep 20% after a military clash with its ol...Reuters
Tue, Jun 10
Citi expects banking fees, trading revenue to climb despite US tariff "anxiety"
By Tatiana Bautzer and Arasu Kannagi Basil NEW YORK, June 10 (Reuters) - Citigroup's C.N head of banking Vis Raghavan said on Tuesday that performance in its banking and trading divisions will improve this quarter despite "anxiety" over U.S. tariffs.Banking fees will increase by a mid...Reuters
Tue, Jun 10
TREASURIES-US yields edge lower as markets watch US-China talks
Auctions to reveal foreign appetite for US debtMarkets calm as inflation data, auctions approachFutures markets point to rate cut in September June 10 (Reuters) - U.S. Treasury yields drifted lower on Tuesday as investors awaited the outcome of trade negotiations between Washington and Beijing.Ma...Reuters
Tue, Jun 10
Blackstone to invest $500 billion in Europe over next decade, Bloomberg reports
June 10 (Reuters) - Blackstone BX.N plans to invest up to $500 billion in Europe over the next decade, CEO Steve Schwarzman told Bloomberg Television in an interview on Tuesday, underscoring market confidence in the region's prospects. Schwarzman said Europe represents a "major opportunity&...Reuters
Tue, Jun 10
World Bank slashes global growth forecast as trade tensions bite
World Bank warns of potential global trade collapse amid tariff hikesAdvanced economies' growth forecast lowered, poor countries face prolonged recoveryGlobal inflation expected to reach 2.9% in 2025, above pre-COVID levelsBy Andrea Shalal WASHINGTON, June 10 (Reuters) - The World Bank on Tue...Reuters
Tue, Jun 10
Reuters poll: BoE to cut interest rate by 25 bps in Q3 and Q4
A large majority of 59 economists polled by Reuters expect the Bank of England (BoE) to cut the policy by 25 basis points (bps) in the third quarter and the fourth quarter, bringing down the bank rate to 3.75% from 4.25%, where it currently stands.
Fxstreet
Tue, Jun 10
TABLE-Russian January-May budget deficit at 1.5%/GDP, finance ministry says
MOSCOW, June 10 (Reuters) - Russia ran a budget deficit of 3.4 trillion roubles ($43.31 billion), or 1.5% of gross domestic product, in the first five months of the year, the finance ministry said on Tuesday, citing preliminary data. RUSSIA'S BUDGET (in trillion roubles): Jan-MayPlan for ...Reuters
Tue, Jun 10
USD/CNH: Likely to trade in a range of 7.1700/7.1900 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1700/7.1900 against Chinese Yuan (CNH). In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 10
CNY: Record surplus and deflation – Commerzbank
According to Bloomberg, Chinese exports rose by 4.8% year-on-year in US dollar terms in May, which was slightly below the consensus forecast of 6%. However, imports fell much more sharply than expected, declining by 3.4% year-on-year.
Fxstreet
Tue, Jun 10
