Ford, GM see Strong US Consumer Demand for Vehicles

Reuters New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday. Their positive comments underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May as consumers bought more motor vehicles and a range of other goods. If the consumer […]
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Global Banks Raise Forecast to 4 Peak for Key ECB Rate

June 16 Reuters Major global investment banks lifted their terminal rate forecast for the European Central Bank to 4 in September, after the ECB raised borrowing costs and indicated further hikes. J.P.Morgan, Goldman Sachs, BNP Paribas, Unicredit and RBC Capital Markets had earlier expected the ECB39;s terminal rate to peak at 3.75, following a 25 basis […]
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Sweden Braces for Fallout from Property Slump

SBB, landlord with public property, at centre of fallout Minister says ready to act if more 39;accidents39; Swedish house prices drop by a fifth STOCKHOLMFRANKFURT, June 16 Reuters Sweden39;s government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis a potential harbinger of trouble […]
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