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☆ Croatia vs Brazil: Vatreni have 'nothing to fear' ahead of quarterfinal clash against 'terrifying' Seleçao, says head coach
▼ + stars: | 2022-12-08 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

“I try to adapt to the characteristics of the players,” Tite told reporters after the match, according to Reuters. “Sure, some love to complain when they see other people’s happiness and we Brazilians are a joyful people, so it will always bother,” Vinícius told reporters, per Reuters. Croatia has a remarkable recent record in World Cup knockout matches. Jewel Samad/AFP/Getty Images“Brazil is the favorite, let’s face it,” Dalić told reporters, per Reuters. “Brazil is the most powerful and the best national team at the World Cup.

Economists said the reading pointed to elevated labor costs and inflation staying high, adding pressure on the Federal Reserve to keep raising rates. "Slower rate hikes have been the trend globally of late, but the Fed remains a wild card. Overall, it's a fickle, anxious market ahead of next week’s Fed meeting," said Joe Manimbo, senior market analyst at Convera in Washington. Many in the market believe inflation is moderating and bond yields have peaked, allowing the Fed and other central banks to begin slowing rate hikes when policy-makers meet next week. Gold prices rose, helped by a retreat in the dollar and Treasury yields, as investors anticipate the projection of slower rate hikes at the Fed's meeting on Dec. 13-14.

☆ Stocks dip as growth fears offset China COVID shift
▼ + stars: | 2022-12-07 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

"Now, concerns over economic growth seem to be overtaking those over inflation," he added. The darkening economic outlook initially drove safe-haven demand for the U.S. dollar and longer-dated bonds but these moves partially reversed by early afternoon in Europe. In foreign exchange markets, the U.S. dollar reversed initial gains, as traders weighed up an uncertain economic outlook. The U.S. dollar index fell 0.35% to 105.18 after hitting earlier in the session a near one-week high, trending closer to the June 2022 low of 104.10 hit on Monday. The Canadian dollar was steady at 1.365 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday.

"Now, concerns over economic growth seem to be overtaking those over inflation," he added. The darkening economic outlook drove fresh safe-haven demand for the U.S. dollar on Wednesday and longer-dated bonds extended their gains, while oil eased after a sharp fall on Tuesday. The Australian dollar was broadly steady at $0.669 despite Australian third-quarter growth coming in a bit below forecasts. The Canadian dollar was at 1.3675 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday. The U.S. dollar index rose 0.1% to 105.6, further above the June 2022 low of 104.1 hit on Monday.

☆ Neymar and Danilo back with Brazil against South Korea
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

DOHA, Dec 5 (Reuters) - Brazil forward Neymar will start for the five-times champions in their World Cup last-16 match against South Korea on Monday after recovering from an ankle injury. Full back Danilo was also cleared to play and will start on the left side of defence, as both Alex Sandro and Alex Telles were ruled out by injuries. Centre back Eder Militao, who replaced Danilo at right back against Switzerland, will play against South Korea in the same role. Brazil: Alisson; Eder Militao, Thiago Silva (captain), Marquinhos, Danilo, Casemiro, Lucas Paqueta, Neymar, Vinicius Jr., Raphinha, Richarlison. South Korea: Kim Seung-gyu, Kim Moon-hwan, Kim Min-jae, Kim Young-gwon, Kim Jin-su, Lee Jae-sung, Jung Woo-young, Jeong Woo-yeong, Hwang In-beom, Son Heung-min (captain), Hwang Hee-chan, Cho Gue-sung.

☆ Japan vs. Croatia: Samurai Blue aiming to reach World Cup quarterfinals for first time
▼ + stars: | 2022-12-04 | by ( Aimee Lewis | ) edition.cnn.com time to read: +31 min

CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.

☆ Brazil's Neymar fit to face South Korea, says coach Tite
▼ + stars: | 2022-12-04 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

AL RAYYAN, Qatar, Dec 4 (Reuters) - Brazil forward Neymar is set to play for the five-times champions in their World Cup last-16 match against South Korea on Monday after recovering from an ankle injury, coach Tite said. Full back Danilo was also cleared by the medical staff for the game against South Korea. "Neymar will train today in the afternoon and if he trains well he will play," Tite told a news conference. Tite said Danilo was also fit to return against South Korea on Monday but Sandro was out. With Neymar back, Tite said there will be no changes in the forward line from the team that started against Serbia, with Lucas Paqueta behind Neymar, Vinicius Jr., Raphinha and Richarlison.

☆ Near full-strength Portugal primed for Switzerland test
▼ + stars: | 2022-12-04 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

AL-SHEHANIYA, Qatar, Dec 4 (Reuters) - Portugal coach Fernando Santos has been boosted by news that key midfielder Otavio should be fully fit and ready to play in their World Cup last-16 match against Switzerland on Tuesday. Santos was forced into a change at left back after Nuno Mendes was ruled out of the World Cup due to an injury suffered in the first half against Uruguay. Captain Cristiano Ronaldo will bid again to equal the record of World Cup goals scored for Portugal held by Eusebio, who racked up nine in 1966 in England. He is one goal away from matching the most World Cup goals scored by a Switzerland player - six, by Sepp Huegi all in 1954. The Swiss quietly finished second in their group behind Brazil, victories over Cameroon and Serbia earning their place in the last 16.

☆ S&P warns of possible trebling of U.S., European default rates
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 1 (Reuters) - Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022. With so much depending on the length, breadth and depth of a potential global economic downturn, however, S&P added that "pessimistic forecasts for default rates of 6.0% and 5.5% aren’t out of the question". "We expect credit ratings to deteriorate, as credit fundamentals - for many corporates and some sovereigns - erode further", S&P's 2023 outlook report said. Reporting by Marc Jones; editing by Danilo MasoniOur Standards: The Thomson Reuters Trust Principles.

☆ Credit Suisse shares get closer to offer price in $2.4 bln cash call
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Switzerland's national flag flies above a logo of Swiss bank Credit Suisse in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd WiegmannMILAN, Dec 1 (Reuters) - Credit Suisse (CSGN.S) shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 billion) rights issue the loss-making bank needs to help stabilise its finances. By 1019 GMT, Credit Suisse shares fell to as low as 2.667 francs, which is around 5% above the 2.52 francs offer price in the rights issue. Rights to subscribe to the capital increase fell as much as 51% on the day. "The share price is... above the offer price of CHF 2.52 for their CHF 2.2bn rights offering, which is also the 'hard underwriting' price for the consortium of 19 banks.

☆ Cristiano Ronaldo is 50-50 to play v S.Korea, says coach Santos
▼ + stars: | 2022-12-01 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

AL RAYYAN, Qatar, Dec 1 (Reuters) - Portugal coach Fernando Santos said that Cristiano Ronaldo's availability is still in question for their closing Group H match against South Korea on Friday. "I think it is 50-50 if he plays or not, we'll see," Santos told a news conference on Thursday. After wins against Ghana and Uruguay, Portugal are first in the group standings on six points and can secure top spot with a draw or a win. South Korea still have a slim chance of qualifying. "I have complete confidence in all my players, I'm already missing three players, let's see about others," he said.

[1/2] The logo of Swiss bank Credit Suisse is seen in Zurich, Switzerland October 26, 2022. Credit Suisse declined to comment on the market moves. Credit Suisse rights for its 2.24 billion Swiss francs ($2.4 billion) share issue were down 8%, having reversed initial gains. Credit Suisse bonds also weakened, with additional tier 1 dollar bonds down over 4 cents and many sinking below the levels seen during a sell off in the bank's shares and bonds in early October, Tradeweb data showed. Battered by a series of scandals and mounting losses, Credit Suisse last month embarked on a turnaround plan.

☆ Credit Suisse stocks drop to fresh record lows, bonds suffer
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Credit Suisse stocks sunk to fresh record lows on Wednesday and the cost of insuring its debt soared to a new peak amid little sign that investors' concerns over the outlook for the Swiss lender were fading. Credit Suisse (CSGN.S) shares were down more than 1% in their ninth straight session in the red with the stock having lost 66% since the start of the year. Credit Suisse rights for its 2.24-billion-francs cash call were up 1% though that comes after suffering a 30% tumble on Tuesday. The cost of insuring exposure to its debt scaling a record high of 409 basis points (bps), up 2 bps from Tuesday's close, according to S&P Global Market Intelligence. Credit Suisse credit default swaps had started the year at 57 bps.

☆ After the tears, South Korea turn eyes to Portugal
▼ + stars: | 2022-11-30 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

South Korea must beat the 2016 European champions - as they did at the 2002 World Cup on home soil - and hope that the result of the other final Group H match between Ghana and Uruguay goes their way too. Assistant coach Sergio Costa said South Korea would bounce back from their disappointment. South Korea have only one point after drawing their opening game against Uruguay and must beat Portugal to have any chance of progressing. At the World Cup 20 years ago, South Korea beat a 10-man Portugal - whose team included Bento - in their final group game. Portugal opened their campaign in Qatar with a 3-2 victory against Ghana before enjoying a more controlled 2-0 win over Uruguay on Monday.

☆ Credit Suisse shares hit record low as subscription rights dumped
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: 1 min

MILAN, Nov 29 (Reuters) - Shares in Credit Suisse (CSGN.S) tumbled to a fresh lifetime low below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in the loss-making lender. By 0937 GMT, Credit Suisse shares fell 3.3% to 2.912 Swiss francs as the subscription rights tumbled 22% to 0.112 on the second day of trading on the Swiss bourse. The capital increase, which was approved by investors on Wednesday last week, is intended to fund the embattled bank's turnaround plan, an attempt to recover from the biggest crisis in its 166-year history. Credit Suisse's five-year default swaps, a form of insurance for bondholders, blew out to a new record high of 403 basis points, according to data from S&P Market Intelligence. Reporting by Danilo Masoni; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

☆ Rates and recession: European shares face rocky start to 2023
▼ + stars: | 2022-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +3 min

For the coming months, though, investors fear euro zone equities could lag other markets. "The economic outlook looks challenging as our economists forecast a recession in the euro zone," said Marc Haefliger, Head of Global Equity Strategy at Credit Suisse in Zurich. The economic slowdown will hit the cyclical euro zone market disproportionately," he added. The STOXX index of the euro zone's top 50 blue chip stocks (.STOXX50E) is seen falling another 7.9% from Friday's close to 3,650 points by mid-2023. Among country benchmarks, Germany's DAX (.GDAXI) is seen ending the first half of 2023 at 13,209, down 9.2% from Friday's close.

☆ Credit Suisse rights sell-off spells worst year for its shares
▼ + stars: | 2022-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +3 min

Shares in Credit Suisse (CSGN.S) fell 3.1% to 2.915 francs by 1451 GMT, their lowest level on record according to Refinitiv data, as the rights tumbled as much as 29.9% to as low as 0.101 on their second day of trading in Zurich. That took losses for Credit Suisse shares in 2022 to more than 65%, further shrinking its market value to 12 billion francs and firmly setting the stock for its biggest yearly drop. "The problem now for Credit Suisse is to plug the outflows of staff and client assets: the damage is done and there will be an impact for sure," said Angelo Meda, head of equities and portfolio manager at Banor SIM in Milan. Credit Suisse declined to comment. snapshotThe offering, which is guaranteed by a group of banks, will raise as much as 2.24 billion Swiss francs ($2.3 billion) and follows a 1.76 billion-franc share placement where Saudi National Bank took a 9.9% shareholding in Credit Suisse.

☆ No respite for Credit Suisse as investors dump rights in $2.3 bln cash call
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 29 (Reuters) - Shares in Credit Suisse (CSGN.S) tumbled to another lifetime low below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in the loss-making lender. By 1036 GMT, Credit Suisse shares fell 2.6% to 2.93 francs as the rights tumbled as much as 27% to as low as 0.105 on their second day of trading on the Swiss exchange. The offering, which is guaranteed by a group of banks, will raise as much as 2.24 billion Swiss francs ($2.3 billion) and follows a 1.76 billion-franc share placement where Saudi National Bank took a 9.9% shareholding in Credit Suisse. Shareholders in Switzerland's second-biggest bank have the right to purchase two new shares at 2.52 francs each for every 7 rights they hold by December 8. ($1 = 0.9502 Swiss francs)($1 = 0.9502 Swiss francs)Reporting by Danilo Masoni; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.

☆ Neymar: Brazil looks to book place in knockout stage without injured star
▼ + stars: | 2022-11-27 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

Fortunately for them, the player who has become this generation’s talisman will be fit in time to play in the 2022 World Cup knockout stage, should Brazil qualify, after being diagnosed with an ankle sprain. Now 30, this World Cup will likely be his best chance at lifting the trophy. Group H’s other match pits Ghana against South Korea, with both teams desperate for a win to kickstart their World Cup campaigns. In Ghana, Korea knows it faces a team with an abundance of quality in the final third, as the match against Portugal proved. ETSouth Korea vs. Ghana: 8 a.m.

☆ Paqueta illness gives Brazil another selection headache
▼ + stars: | 2022-11-27 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

AL RAYYAN, Qatar, Nov 27 (Reuters) - Five-times world champions Brazil could be without midfielder Lucas Paqueta for their next World Cup Group G game against Switzerland on Monday. The World Cup favourites trained behind closed doors at the Al Arabi Stadium on Saturday and coach Tite gave no clue about team selection in his news conference on Sunday. The versatile 21-year-old forward played in Neymar's position in three practice games in Turin before the World Cup. "I believe that Neymar and Danilo will play again in the World Cup," said on Sunday. "I believe we will be able to count on them in the World Cup again."

☆ Atlantia exit highlights Milan's battle to retain market heavyweights
▼ + stars: | 2022-11-25 | by ( Elisa Anzolin | Hadeel Al Sayegh | ) www.reuters.com time to read: +4 min

snapshotFEW NEWCOMERSOn the plus side, four companies joined the main Euronext Milan market this year, including truckmaker Iveco (IVG.MI), which was the result of a spin off. The situation is healthier for Euronext Growth Milan itself, a market dedicated to small and medium-sized enterprises with minimum access requirements. Over the past 20 years, the main market has lost 268 listed companies and gained only 185, according to Intermonte research published in March. In contrast, the less regulated SME market has attracted 263 listed companies and seen 68 delistings. CULTURAL ISSUEThe fact that there are relatively few listed companies has its roots in the country's history, said Andrea Beltratti, professor of Political Economy at Milan's Bocconi University.

☆ Neymar and Danilo to miss rest of group stage with ankle injuries
▼ + stars: | 2022-11-25 | by ( Fernando Kallas | Anita Kobylinska | ) www.reuters.com time to read: +1 min

DOHA, Nov 25 (Reuters) - Brazil duo Neymar and Danilo will miss their country's remaining two World Cup group games and face a fight to be fit for the knockout stage after sustaining injuries in Thursday's 2-0 win over Serbia, a source close to the team told Reuters on Friday. Brazil top Group G and next face Switzerland and Cameroon, without their most famous player Neymar and ever-reliable fullback Danilo, though the team's doctor confirmed only that they would miss the Swiss game. "Neymar and Danilo went through an MRI on Friday afternoon and we found ligament damage in the ankle of both of them," Rodrigo Lasmar told reporters. Neymar has had problems with his right foot and ankle for several years and looked distraught when he left the pitch late in Thursday's match. Adding to Brazil's problems, winger Antony and midfielder Lucas Paqueta are both ill and could also miss the match against Switzerland on Monday.

☆ Vinicius Jr. to start for Brazil against Serbia
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +1 min

LUSAIL, Qatar, Nov 24 (Reuters) - Brazil coach Tite opted to start Vinicius Jr. in a four-man attack for their World Cup Group G opener against Serbia on Thursday. Tite will unleash Vinicius alongside Neymar, Richarlison and Raphinha, with only two genuine midfielders in Lucas Paqueta and Casemiro as Brazil begin their quest for a record-extending sixth World Cup trophy. Serbia, who were sweating on Aleksandar Mitrovic's availability due to an ankle injury, named their leading striker in the starting line-up. Brazil:Alisson; Danilo, Thiago Silva (c), Marquinhos, Alex Sandro; Casemiro, Lucas Paqueta, Neymar; Vinicius Jr., Raphinha, Richarlison. Serbia:Vanja Milinkovic-Savic, Milos Veljkovic, Filip Mladenovic, Strahinja Pavlovic, Nikola Milenkovic, Andrija Zivkovic, Nemanja Gudelj, Sergej Milinkovic-Savic, Sasa Lukic, Dusan Tadic (c), Aleksandar Mitrovic.

☆ Brazil at the 2022 World Cup: who is in Tite's 26-man squad?
▼ + stars: | 2022-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 14 (Reuters) - Brazil are looking to win a record-extending sixth World Cup title at the Nov. 20-Dec. 18 in Qatar tournament in Qatar. Who is in Brazil's World Cup 2022 squad? * Brazil will meet Serbia, Switzerland and Cameroon in Group G.What was Brazil's squad at the 2018 World Cup? Defenders: Thiago Silva (Paris St Germain), Miranda (Inter Milan), Marquinhos (Paris St Germain), Marcelo (Real Madrid), Filipe Luis (Atletico Madrid), Fagner (Corinthians), Pedro Geromel (Gremio), Danilo (Manchester City). Forwards: Neymar (Paris St Germain), Douglas Costa (Juventus), Gabriel Jesus (Manchester City), Roberto Firmino (Liverpool), Taison (Shakhtar Donetsk).

☆ Morgan Stanley sees 150 bps BoE rate cuts in 2024
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: 1 min

MILAN, Nov 14 (Reuters) - Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in 2024 after stopping its tightening cycle in March of next year. "The BoE stops hiking as Bank Rate hits 4.0% in March 2023. With the inflation target in sight, and unemployment on the rise, we expect 150bp of cuts in 2024," the U.S. bank wrote in a note published late on Sunday. Reporting by Danilo MasoniOur Standards: The Thomson Reuters Trust Principles.

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