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...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Any delay in Fed rate cuts may also hit the president’s re-election hopes. At present, investors expect the Fed to cut rates by September and possibly more than once by the end of the year....
...They’re between £2 and £4, and I think they are the best value in London. It’s very difficult to buy homemade, nutritious non-fast food any cheaper....
...wrote recently in Foreign Affairs....
...“Then all the messages you get are consistent with each other and you’re comfortable.”...
...“It’s something we’re very concerned about,” he said. “We will make that clear in the talks.”...
...Pistorius said the measures would re-establish the Bundeswehr “for a new, old challenge”....
...“These days, when you go shopping, they have your email address, and you’re getting surveyed even before you walk out of the store,” Anderson said. “So we’re competing with all of that.”...
...A new rise in US inflation is undermining Joe Biden’s re-election message, threatening the president’s effort to defend his economic record in a crucial phase of the campaign against Donald Trump....
...Referring to US companies, Yellen said: “We’re providing tax subsidies to some of these sectors and I wouldn’t want to rule out other possible ways in which we will protect them.”...
...“We’re waiting to become more confident that inflation is moving sustainably to 2 per cent,” Powell said....
...“We’re doing the best of anybody,” Powell said. “We’ve got the strongest growth and the lowest inflation of the advanced economies.”...
...“We’re not overreacting, but we are reacting,” he said in response to a question following the speech. “We take [the recent news on inflation] very seriously.”...
...It hardly feels like a balanced relationship: Shane is older, and effectively groomed Eli (another phrase not at his disposal) from the age of 15 in the local boxing gym....
...Soaring global borrowing costs have led to sharp falls in housing prices from New Zealand to Sweden. Not so in the US, where prices have risen 30 per cent in nominal terms since Biden took office....
...Claire Jones So its forecast for Russian growth in 2024 has been upgraded in a massive way. It’s now expecting the Russian economy to grow by 2.6 per cent in 2024....
...“You’re going to see a bit of recovery, but I think we’re going to see a significant structural demand destruction in the energy-intensive industries,” Krebber warned....
...“It seems like they’re always trying to create more opportunities for folks at various levels, not just waiting for them to have the big job,” says former State Street ETF boss Jim Ross....
...[MUSIC PLAYING] Jess Woodward-Jones People are so much more than their CV, they’re so much more than their work experience, they’re so much more than their education....
...“When another agency or government offers them $1 more to work for them they’re gone,” Turner said....
...Shah’s lawyers, led by Nigel Jones KC, said in written arguments that the “complexity of the trade does not prove dishonesty”....
...Marc Filippino Yeah, but investors, they’re already pricing in rate cuts for early next year. What do you think Fed chair Jay Powell is gonna say to that after today’s meeting?...
...“The backdrop is that more and more on the FOMC are becoming concerned that an easing of financial conditions might engender a re-acceleration of inflation,” said Zentner....
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