By Summer Zhen HONG KONG (Reuters) – Hedge funds focused on emerging Asia posted their biggest monthly losses in years in September and are set for the worst year since the 2008 financial crisis, data provider HFR said. The firm’s HFRI Asia ex-Japan Index slumped 7.7% in September, the worst single month performance since March …
Asia hedge fund losses grow in Q3, poised for worst year since 2008 Read More »
By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) – Thailand should see economic growth of 3.0%-3.5% this year, driven by its key export and tourism sectors, a recovery that is best supported by gradual interest rate hikes, its finance minister said on Wednesday. Arkhom Termpittayapaisith in an interview with Reuters said that a weak baht …
Thai growth could reach 3.5% this year, needs gradual rate hikes – Finance Minister Read More »
SHANGHAI (Reuters) – Automakers in China delivered a record number of cars to dealers in the first nine months of the year even as retail demand slowed, setting up the market for a slowdown in 2023, a leading Chinese brokerage said on Wednesday. Automakers had delivered 1 million vehicles to dealers in China over the …
China auto market faces slowdown as inventory builds – CMBI Read More »
SHANGHAI (Reuters) – China is widely expected to keep benchmark lending rates unchanged for a second straight month on Thursday, a Reuters survey showed, although a few market watchers think authorities will step up support for the property sector. The loan prime rate (LPR), which banks normally charge their best clients, is set on the …
China expected to leave lending benchmarks unchanged this week Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks closed higher and Treasury yields dipped on Tuesday as upbeat earnings and better-than-expected factory data stoked a risk-on rally. Building on Monday’s broad gains, the S&P 500 led the major U.S. stock indexes higher to end the session up nearly 1% or more, with sectors …
U.S. stocks extend rally, Treasury yields dip after solid earnings, economic data Read More »
By Pratima Desai and Mai Nguyen (Reuters) – Commodity trader Glencore has delivered significant amounts of Russian-origin aluminium to London Metal Exchange registered warehouses in Gwangyang, South Korea, two sources with direct knowledge of the matter said on Tuesday. Another source with direct knowledge said that the aluminium delivered to Gwangyang was produced by Rusal. …
Exclusive-Glencore delivers Russian-origin aluminium into LME system -sources Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Whisper it, but the rebound underway on Wall Street – which is lifting markets and risk appetite everywhere – may have legs. Even if it does turn out to be a mini rally in a broader bear market, …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar edged higher against a basket of currencies on Tuesday, shaking off some of the weakness of the previous session, but a revival in risk appetite in global financial markets kept a lid on its gains. “Yesterday’s risk-on vibe looks to be continuing into today’s …
Dollar higher but gains in check as risk appetite rebounds Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Tuesday on fears of higher U.S. supply combined with an economic slowdown and lower Chinese fuel demand. Brent crude futures settled down $1.59, or 1.7%, to $90.03 per barrel, while U.S. West Texas Intermediate (WTI) crude settled down $2.64, or 3.1%, to $82.82 per barrel. China, …
Oil prices settle lower on U.S. supply, lower China demand Read More »
By Heekyong Yang and Joyce Lee SEOUL (Reuters) – Hyundai Motor and affiliate Kia Corp will book a combined 2.9 trillion won ($2 billion) provision in their third-quarter results as they continue to suffer the effects of engine recalls from years ago, they said on Tuesday. The costs, of which Hyundai accounted for 1.36 trillion …
Hyundai Motor and Kia warn $2 billion engine provision to hit Q3 earnings Read More »
