Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
LONDON, May 8 (Reuters) - The European Bank for Reconstruction and Development (EBRD) trimmed its growth forecast for its near-40 country region on Wednesday, citing a slowdown in global trade as well as the sharp economic deceleration in Turkey.
The EBRD, which tracks trends in 37 countries across three continents from Morocco to Mongolia, said in its latest economic outlook it expected average growth in 2019 of 2.3 percent - a 0.3 percentage point cut from its November prediction and a slowdown from the 3.4 percent expansion in 2018.
Growth is forecast to recover in 2020 to 2.6 percent, the bank said, noting however that the outlook is still clouded by risks such as trade tensions between the United States and its major trading partners.
"A widespread escalation of global protectionism remains a major concern," the EBRD wrote in its report.
"The modalities of Brexit are still unclear, and global uncertainty remains high. The security situation in the Middle East and geopolitical tensions are also key sources of risk for the regions' economies."
Turkey is expected to see its economy contract by one percent this year, before a gradual recovery that should see 2020 growth come in at around 2.5 percent, the EBRD added.
"The lira's depreciation and high interest rates will continue to dampen consumption and investment, although net exports should make a positive contribution to growth."
Set up by governments in the early 1990s to invest in the ex-Communist economies of eastern Europe, the EBRD has expanded its mandate in the last decade.
(Reporting by Karin Strohecker Editing by Frances Kerry)