Reuters

By Naomi Rovnick and Alun John

LONDON (Reuters) - Interest rate cuts from the European Central Bank and Bank of Canada this week mean monetary easing is under way in the world's big economies, even if there's an abundance of caution over when others will join in.

Following the most aggressive global rate-hiking cycle in decades, here's where leading central banks stand and what they are expected to do next:

1/ SWITZERLAND

By Jamie McGeever

ORLANDO, Florida (Reuters) - After two decades of the dollar's share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical stars are aligning to halt that trend in the next few years and possibly even reverse it.

At least temporarily.

That's the indication from an annual survey of central banks and reserve managers conducted by the Official Monetary... (continue reading...)

(Reuters) - Bitcoin miner Core Scientific on Thursday rejected an all-cash offer from Nvidia-backed specialized cloud provider CoreWeave, saying that the offer undervalues the company.

"The board determined that the CoreWeave proposal significantly undervalues the company and is not in the best interests of the company and its shareholders," Core Scientific said in a statement.

Core Scientific received an unsolicited non-binding proposal... (continue reading...)

By Yuvraj Malik

(Reuters) - Lyft is targeting 15% annual growth in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day, adding that it expects gross bookings from its nascent advertising business to increase eight-fold in the same period.

The company's shares were up more than 4% before the bell on Thursday.

The forecast signals Lyft could maintain its position in the North American... (continue reading...)

(Reuters) - The U.S. trade deficit widened in April as a jump in imports outpaced a slight increase in exports.

The trade deficit increased 8.7% to $74.6 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Data for March was revised to show the trade gap narrowing slightly to $68.6 billion instead of the $69.4 billion as previously reported.

Economists polled by Reuters had forecast the deficit would rise to... (continue reading...)