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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with global GDP forecast from Citigroup; U.S., global, euro area, India GDP forecasts from UBS Global Research; Goldman Sachs' India GDP forecast and HSBC's S&P 500 year-end forecast Oct 25 (Reuters) - The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept.
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Brokerages cut PT on Teck Resources after dour production forecast

BUZZ-Brokerages cut PT on Teck Resources after dour production forecast ** Several brokerages cut PT on Teck Resources TECKb.TO ** J.P.Morgan trims to C$76 from C$78; says next few quarters will likely be lumpy with 1Q25 production expected to face weaker grades or additional downtime to optimize equipment before conditions start improving later in
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Take Five: Ready for an action-packed week?

GRAPHIC-Take Five: Ready for an action-packed week? LONDON, Oct 25 (Reuters) - Traders will have their work cut out keeping up with Japan's snap election, U.S. jobs data, a UK budget, euro zone growth numbers and a slew of third-quarter earnings. And as a U.S. presidential election nears, global market swings are getting bigger. Here's all you need to know about the week ahead from Lewis Krauskopf in New York, Kevin Buckland in Tokyo and Naomi Rovnick, Amanda Cooper and Sinead Cruise in London.
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Anglo American, Munich Re, Stora Enso Oyj

EUROPE RESEARCH ROUNDUP-Anglo American, Munich Re, Stora Enso Oyj Oct 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Munich Re and Stora Enso Oyj , on Friday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2150p from 2200p * Brooks MacDonald Group Plc BRK.L : Peel Hunt cuts to add from buy * DSV DSV.CO : HSBC raises to buy from hold * Munich Re MUVGn.DE : Berenberg cuts to hold for buy * Stora
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Allianz weighs options for AllianzGI unit, sources say

REFILE-EXCLUSIVE-Allianz weighs options for AllianzGI unit, sources say Clarifies sourcing in paragraph 7 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui LONDON, Oct 24 (Reuters) - Allianz ALVG.DE is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.
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Assa Abloy, Kering, L'Oréal

EUROPE RESEARCH ROUNDUP-Assa Abloy, Kering, L'Oréal Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Assa Abloy, Kering and L'Oréal, on Thursday. HIGHLIGHTS * Assa Abloy ASSAb.ST : Deutsche Bank raises target price to SEK 305 from SEK 300 * Barratt Redrow Plc BTRW.L : Morgan Stanley cuts target price to 580p from 600p * Dowlais Group Plc DWL.L : Citigroup raises to neutral from sell * Kering PRTP.PA : JP Morgan cuts target
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KKR to take 25% stake in Eni biofuel unit, valuing it at $13 bln

UPDATE 2-KKR to take 25% stake in Eni biofuel unit, valuing it at $13 bln KKR to buy 25% stake in Enilive for 2.94 bln euros Deal adds credibility to Eni's 'satellite' strategy - analyst Eni to inject 500 mln euros into Enilive Adds KKR, analyst comments, background on Enilive By Francesca Landini MILAN, Oct 24 (Reuters) - U.S. fund KKR KKR.N is buying a 25% stake in Italian energy group Eni's ENI.MI biofuel business Enilive, in a deal that values the unit at 11.75 billion euros ($12.7 billion)
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Barclays boosts profit, ups income outlook as investment bank delivers

UPDATE 3-Barclays boosts profit, ups income outlook as investment bank delivers Q3 profit of 2.2 billion pounds beats estimates Bank upgrades income forecast as rate cut expectations slow Investment bank income rises on dealmaking boost Adds analyst reaction in paragraph 7,10, CFO comments in paragraphs 17-19, updates shares By Lawrence White and Sinead Cruise LONDON, Oct 24 (Reuters) - Barclays BARC.L reported a forecast-beating 18% rise in third-quarter profit on Thursday, as slower than expec
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Dollar stands tall on bets for slower Fed cuts, potential Trump win

FOREX-Dollar stands tall on bets for slower Fed cuts, potential Trump win Robust US data, hawkish Fed comments have supported dollar Yen gets respite as Japan finmin warns against rapid moves US and Japan elections cloud outlook for dollar-yen pair Updates prices at 0437 GMT By Kevin Buckland TOKYO, Oct 24 (Reuters) - The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace of interest rate cuts by the Federal Reserve and g
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42514.95 -409.94 NIKKEI** 38104.86 -307.1 Nasdaq 18276.654 -296.475 FTSE** 8258.64 -47.9 S&P 500 5797.42 -53.78 Hang Seng** 20760.15 261.2 SPI 200 Fut 8229 -16 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bon
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42429.08 -495.81 NIKKEI** 38104.86 -307.1 Nasdaq 18199.198 -373.931 FTSE** 8258.64 -47.9 S&P 500 5779.09 -72.11 Hang Seng** 20760.15 261.2 SPI 200 Fut 8219 -26 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10
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Deutsche Bank AG reports results for the quarter ended in September 30 - Earnings Summary

Deutsche Bank AG reports results for the quarter ended in September 30 - Earnings Summary Deutsche Bank AG DBKGn.DE reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of two analysts for the quarter was for earnings of 56 cents per share.
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China's UP Fintech falls further after stock offering prices

BUZZ-China's UP Fintech falls further after stock offering prices ** U.S.-listed shares of Chinese brokerage firm UP Fintech TIGR.O down 3.6% premarket to $6.22 after follow-on offering prices ** TIGR sells 15 mln American Depositary Shares (ADSs) at $6.25 for gross raise of ~$94 mln ** Shares on Tues tumbled 13.3% to close at $6.45 after co launched offering to strengthen its capital base and fund business development initiatives ** Co has ~158 mln ADSs outstanding for ~$1 bln market cap, per L
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Deutsche Bank well positioned to play big role in M&A, but later, CFO says

Deutsche Bank well positioned to play big role in M&A, but later, CFO says FRANKFURT, Oct 23 (Reuters) - Deutsche Bank DBKGn.DE is well positioned to play a leading role in bank mergers and acquisitions, but the time for that has not yet come, the bank's finance chief, James von Moltke, said on Wednesday. "We are well positioned to play a leading role in time.
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Deutsche hits bad-debt snag on road to growth

BREAKINGVIEWS-Deutsche hits bad-debt snag on road to growth The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon BERLIN, Oct 23 (Reuters Breakingviews) - Being the largest bank in Europe’s weakest economy has a downside. Deutsche Bank DBKGn.DE returned to profit in the three months to Sept. 30, after a large litigation provision had pushed it into the red in the previous quarter.
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STOXX 600 ends lower with earnings season in full swing

UPDATE 2-STOXX 600 ends lower with earnings season in full swing For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Deutsche Bank falls as loan loss provisions weigh Volvo Cars slides after cutting forecast on market slowdown Weak growth data raises questions about recovery, Lane says Thule tops STOXX 600 index as Q3 beats estimates Updated at 1604 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 23 (Reuters) - European shares
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HSBC's Pam Kaur smashes glass ceiling in major overhaul

RPT-NEWSMAKER-HSBC's Pam Kaur smashes glass ceiling in major overhaul Repeats story first published on 22 Oct By Sinead Cruise, Lawrence White LONDON, Oct 22 (Reuters) - HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of Chi". The first woman to occupy the role in the bank's 160-year history, she has observed at close quarters the challenges HSBC faces under new CEO Georges Elhedery , as it navigates a n
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HSBC's Pam Kaur smashes glass ceiling in major overhaul

RPT-NEWSMAKER-HSBC's Pam Kaur smashes glass ceiling in major overhaul Repeats story first published on 22 Oct By Sinead Cruise, Lawrence White LONDON, Oct 22 (Reuters) - HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of Chi". The first woman to occupy the role in the bank's 160-year history, she has observed at close quarters the challenges HSBC faces under new CEO Georges Elhedery , as it navigates a n
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German court rules against Deutsche Bank in Postbank litigation case

UPDATE 1-German court rules against Deutsche Bank in Postbank litigation case Adds details, Deutsche Bank comment COLOGNE, Oct 23 (Reuters) - Cologne's higher regional court on Wednesday ruled against Deutsche Bank DBKGn.DE in a litigation case against Postbank, the latest in a long-running dispute over its takeover of the smaller lender. For years , lawsuits claiming Deutsche Bank had underpaid former shareholders for the Postbank acquisition surfaced in the courts.
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Deutsche Bank: will analyze Postbank court verdict

BRIEF-Deutsche Bank: will analyze Postbank court verdict Oct 23 (Reuters) - Deutsche Bank AG DBKGn.DE : DEUTSCHE BANK: WE WILL NOW ANALYZE THE JUDGMENT DEUTSCHE BANK: DEUTSCHE BANK HAS BOOKED PROVISIONS COVERING ALL OUTSTANDING CLAIMS BY THE PLAINTIFFS INCLUDING INTEREST CLAIMS ACCRUED TO DATE DEUTSCHE BANK: THE BANK CONSIDERS ITSELF ESSENTIALLY FU
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