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(Reuters) -U.S. investors dumped equity funds in the week to September 10, booking profits at record highs and cutting exposure on caution over lofty valuations and geopolitical tensions in the Middle east and Ukraine. According to data from LSEG Lipper, investors divested a net $10.44 billion worth of U.S. equity funds – the most since …

US equity funds record biggest weekly outflow in five weeks Read More »

(Reuters) -Global equity funds registered their first weekly outflow in five weeks through September 10 as investors locked in profits and trimmed their risk exposure. Major equity markets hit fresh record highs this week, supported by expectations the U.S. Federal Reserve will deliver three rate cuts this year. But political uncertainty in France and Japan, …

Global equity funds record first weekly outflow in five weeks Read More »

By Indradip Ghosh BENGALURU (Reuters) -The Bank of Canada will cut its overnight rate by a quarter point on September 17 as the labour market deteriorates and economic activity weakens, according to most economists in a Reuters poll, who also expect at least one more cut next quarter. Canada’s central bank has faced growing pressure …

Bank of Canada to cut rates on September 17, at least one more to follow this year: Reuters poll Read More »

SHANGHAI (Reuters) -China’s central bank said on Friday it plans to better regulate cross-border yuan financing between banks, and promote offshore use of the Chinese currency. China is ramping up the pace of yuan globalisation as Beijing seeks to reduce its reliance on the U.S. dollar amid simmering trade and geopolitical tensions with Washington. The …

China central bank to better regulate cross-border yuan financing between banks Read More »

By Gertrude Chavez-Dreyfuss and Davide Barbuscia NEW YORK (Reuters) -A surge in U.S. Treasury bill issuance in recent months has reduced liquidity in the financial sector, stoking investor concerns that funding markets could face a September squeeze. That could create ripple effects through markets by reducing demand for assets like stocks and corporate bonds, and …

Analysis-Wall Street braces for quarter-end liquidity stress in money markets Read More »

BRUSSELS (Reuters) -The European Union’s aluminium sector is urging the European Commission to impose duties of around 30% on exports of scrap metal to stop it flooding out of the bloc and leaving domestic producers short. EU aluminium scrap exports hit a record 1.26 million metric tons in 2024, according to industry group European Aluminium, …

EU aluminium producers push for 30% scrap export levy Read More »

MELBOURNE (Reuters) -More than 20 Australian critical minerals companies including Trafigura unit Nyrstar will head to the U.S. next week to explore areas for collaboration, four sources familiar with the matter told Reuters. The delegation led by the Australian Trade and Investment Commission (Austrade) will attend meetings in New York and Washington with senior officials …

Australian critical minerals companies head for Washington Read More »