Today: September 30, 2024
Today: September 30, 2024

Latest From Reuters

Business|Economy

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision

U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve's policy decision.

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision
Business|Economy

Barclays asked by watchdog to review private equity exposure, source says

Britain's Prudential Regulation Authority (PRA) has asked Barclays to review its exposure to leveraged finance, a source familiar with the matter said on Friday, part of an industry

Barclays asked by watchdog to review private equity exposure, source says
Business|Economy

Consumer check, but don't forget France and Japan

A look at the day ahead in U.S. and global markets by Alun John.

Consumer check, but don't forget France and Japan
Business|Economy

Kick off

Central bank decisions in Britain, Switzerland and Norway are expected to provide more evidence that the global rate cutting dash is slowing to a crawl, while retail sales data from the

Kick off
Economy

French inflation revised notch down to 2.6% in May

Consumer prices in France rose 2.6% year-on-year in May, statistics office INSEE said on Friday, slightly revising down its preliminary reading of a 2.7% increase published in late May.

French inflation revised notch down to 2.6% in May
Business|Economy

Investors bought U.S. growth stocks, dumped value this week

Investors dumped U.S. value stocks and bought growth stocks in the week to Wednesday, according to BofA Global Research, a period marked by cooler than expected inflation data that

Investors bought U.S. growth stocks, dumped value this week
Business|Economy

BOJ Governor Ueda's comments at news conference

The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus.

BOJ Governor Ueda's comments at news conference
Business|Economy

China set to hold key rate as margin pressure, weaker yuan hamper policy easing

China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed.

China set to hold key rate as margin pressure, weaker yuan hamper policy easing
Economy

Fed's Goolsbee: 'More months' of good inflation data needed

Federal Reserve Bank of Chicago President Austan Goolsbee on Friday said he was relieved after data this week showed inflation in May had cooled, but he would still like to

Fed's Goolsbee: 'More months' of good inflation data needed
Economy

IMF green lights $800 million for Argentina with program 'firmly on track'

The International Monetary Fund (IMF) board on Thursday cleared the way for Argentina to draw $800 million to help drive its economic recovery,

IMF green lights $800 million for Argentina with program 'firmly on track'
Business|Economy

BOJ's dovish surprise, AI and the Pope

A look at the day ahead in European and global markets from Ankur Banerjee The Bank of Japan provided a dovish surprise to the market after the central bank said it would trim bond buying in the

BOJ's dovish surprise, AI and the Pope
Business|Economy

BOJ keeps rates steady, decides to lay out bond taper plan next month

The Bank of Japan kept interest rates unchanged on Friday but said it would trim bond buying in the future to allow long-term interest rates to move more.

BOJ keeps rates steady, decides to lay out bond taper plan next month
Economy

Indonesia central bank intervenes to defend faltering rupiah

Indonesia's central bank intervened in the foreign exchange market to defend the rupiah, its governor said on Friday, vowing to use monetary policy to stabilise the currency after

Indonesia central bank intervenes to defend faltering rupiah
Business|Economy

Investors react to BOJ decision to keep policy unchanged, trim bonds in future

The Bank of Japan kept interest rates unchanged on Friday but said it would trim bond buying in the future to allow long-term interest rates to move more freely.

Investors react to BOJ decision to keep policy unchanged, trim bonds in future
Business|Economy

Thailand sees at least $22 billion investment pledges in 2024

Thailand expects to secure at least 800 billion baht ($21.78 billion) worth of investment applications this year, the government said on Friday, as it seeks to attract more

Thailand sees at least $22 billion investment pledges in 2024
Business|Economy

UBS pushes back Fed rate cut forecast to December

UBS Global Research said it now expects the Federal Reserve to start cutting interest rates in December instead of September, while Goldman Sachs and Morgan Stanley continue to expect the

UBS pushes back Fed rate cut forecast to December
Business|Economy

The day after the Fed

A look at the day ahead in markets from Dhara Ranasinghe. It's back to the markets versus the U.S. Federal Reserve.

The day after the Fed
Business|Economy

3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance

3M said on Thursday it would transfer about $2.5 billion of its U.S. pension payment obligations and related plan assets for nearly 23,000 U.S. retirees and beneficiaries to Metropolitan

3M to transfer about $2.5 billion of US pension obligations to Met Tower Life Insurance
Economy

Hong Kong central bank keeps key rate steady, tracking Fed move

The Hong Kong Monetary Authority (HKMA) left its base rate through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S.

Hong Kong central bank keeps key rate steady, tracking Fed move
Business|Economy

Data is king, Fed its servant

A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed's rate outlook, clearing the way for gains

Data is king, Fed its servant
Business|Economy

Edmond de Rothschild to open Saudi office and launch debt platform

Edmond de Rothschild Group, a specialist in asset management and private banking, is set to open an office in Saudi Arabia this year and launch a platform to provide debt finance for

Edmond de Rothschild to open Saudi office and launch debt platform
Business|Economy

German carmakers most exposed to Chinese counter-tariffs

Retaliatory tariffs by China to the European Commission's proposed additional duties of up to 38.1% on Chinese-made electric vehicles could spell trouble for European carmakers.

German carmakers most exposed to Chinese counter-tariffs
Economy

US producer prices unexpectedly fall in May

U.S. producer prices unexpectedly fell in May amid lower energy costs, another indication that inflation was subsiding after surging in the first quarter.

US producer prices unexpectedly fall in May
Economy

Bank of Canada reviewing extraordinary actions taken during pandemic

The Bank of Canada is reviewing the extraordinary actions it took during the pandemic to stimulate the economy, in an effort to be

Bank of Canada reviewing extraordinary actions taken during pandemic
Economy

Sterling set for fifth weekly gain against euro after shock French election call

The pound was headed for its fifth weekly gain against the euro on Thursday, having hit its highest in almost two years against the single European currency, which was rattled by

Sterling set for fifth weekly gain against euro after shock French election call

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