Author: FX

Maksim Labkouski Eric Cantor, vice chairman of merger & acquisition advisory firm Moelis & Co. (MC), expects deals will pick up this year after falling in 2022 due to challenging credit markets, stock market volatility, and rising interest rates. “We are going to see a real pent-up demand for M&A going into 2023 given where we are and where we came off of,” Cantor, the former House Majority Leader, said in an interview with CNBC on Friday. “What we are seeing at Moelis is increased activity on the dialogue front because when you’ve got this kind of volatility, people want…

© Reuters. FILE PHOTO: German army battle tank Leopard 2 returns after NATO enchanced Forward Presence Battle Group Lithuania exercise in Pabrade military training field, Lithuania, May 17, 2017. REUTERS/Ints Kalnins BERLIN (Reuters) -German armsmaker Rheinmetall could deliver repaired Leopard 2 battle tanks to Ukraine in 2024 at the earliest and would need a confirmed order to begin repairs, its chief executive was quoted as saying by Bild newspaper on Sunday. Germany announced earlier this month that it would provide Ukraine with 40 Marder infantry fighting vehicles to help repel Russian forces. But Kyiv has also requested heavier vehicles such…

Week Ahead January 16-20th: Highlights include US retail sales, China activity data, ECB minutes, UK data MON: Eurogroup Meeting; Chinese GDP (Q4), House Prices, Industrial Output & Retail Sales (Dec). TUE: OPEC MOMR; German Final CPI (Dec), UK PPI (Nov), Unemployment (Nov), German ZEW (Feb), Canadian CPI (Dec), Australian Consumer Sentiment (Jan). WED: UK CPI (Dec), EZ Final HICP (Dec), US PPI (Dec), Retail Sales (Dec), NAHB (Jan), Canadian Producer Prices (Dec), Japanese Trade Balance (Dec). THU: ECB Minutes (Dec), Norges Bank, and CBRT policy decisions; Australian Employment (Dec), EZ Current Account (Nov), US Housing Starts/Building Permits (Dec), IJC (w/e…

2/2 © Reuters. FILE PHOTO: A woman organises goods at the cashier of a supermarket, ahead of the Jewish New Year holiday and the upcoming tighter restriction to prevent the spread of the coronavirus disease (COVID-19) in Ashdod, Israel September 16, 2020. REUTERS/Amir C 2/2 By Steven Scheer JERUSALEM (Reuters) – Israel’s Manufacturers’ Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with the country’s high cost of living. The Association’s economic plan, submitted to Israel’s prime minister and ministers of finance and economy, proposed cutting…

XAUUSD, Weekly Gold jumped to start 2023 with strong gains, as the positive momentum from December carried over into the new year. Last year’s headwinds, particularly the strengthening Dollar and Yields are starting to reverse, so 2023 is likely to be more friendly to the yellow metal. According to data released by the US Bureau of Labor Statistics, US consumer prices fell to 6.5% in December from November’s 7.1%, giving hope that the US Fed’s strategy to tame inflation is working and the US Fed will also take a softer policy in its rate hike approach. Slowing inflation means less…

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© Reuters Coinbase, Crypto.com, & More Firms Layoff Over 1,600 People In 2023 Crypto companies inducing Coinbase (NASDAQ:), Crypto.com, Kraken, and more are cutting off jobs in 2023.Crypto.com has laid off a total of 2,110 employees since 2022.Crypto.com founder blames FTX’s downfall for damage within the industry. Bloomberg Crypto’s official Twitter account posted a list of crypto companies that are cutting off jobs as the crypto industry enters another series of meltdowns in the bear market’s second year. Crypto companies are once again tightening their belts, as the bear market enters the second year and the industry suffers from major…

KATHMANDU (Reuters) – An aircraft carrying 72 people crashed in Pokhara in western Nepal on Sunday, an airport official said, while state television reported some bodies had been recovered. The twin-engine ATR 72 aircraft operated by Yeti Airlines was en route from Kathmandu, capital of the small Himalayan country, said the official, who asked not to be named as he was not authorised to speak to media. Local television showed thick black smoke billowing from the crash site as rescue workers and crowds of people gathered around the wreckage of the aircraft. (Reporting Gopal Sharma; Writing by Devjyot Ghoshal; Editing…

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