By David Lawder RIO DE JANEIRO (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that “things look good” for Group of Seven wealthy democracies to agree the terms of a $50 billion loan to Ukraine backed by Russian assets by October. Yellen said in an interview on the sidelines of a G20 …
Yellen says G7 can reach deal on $50 billion Ukraine loan by October Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September. The report from the Commerce Department on Friday also showed consumer …
Cooling US inflation bolsters September rate cut hopes Read More »
By Tom Wilson LONDON (Reuters) -Assets managed by hedge fund Man Group jumped to a record $178.2 billion in the first half of 2024, with the company citing growth in its liquid credit strategies and solid U.S. direct lending. The performance in the six months to the end of June, which beat the expectations of …
Man Group assets under management hit record after 17.5% jump in first half Read More »
By Nevzat Devranoglu and Jonathan Spicer ISTANBUL (Reuters) – Turkey’s central bank is not even considering a rate-cutting cycle at this time because easing too early could reignite inflation and extend the pain for an economy on the verge of disinflation, Deputy Governor Cevdet Akcay said in an interview. For now, he told Reuters, the …
Exclusive-Turkey cenbank not even contemplating rate cuts now, deputy Akcay says Read More »
By David Milliken LONDON (Reuters) – The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4’s election. Investors are left guessing whether recent …
First Bank of England rate cut since 2020 hangs on knife edge Read More »
By Mike Dolan LONDON (Reuters) – Often the scariest thing in markets is a rout without a trigger. People are still unsure about the precise cause of the October 1987 crash, for example. And when the Nasdaq clocked a 10% one-day drop in April 2000, marking the first pop in the dot.com bubble, there were …
Column-Markets nervy of their own over-confidence :Mike Dolan Read More »
SHANGHAI (Reuters) – China’s latest series of rate cuts show the central bank’s monetary framework has changed, analysts said, with the short-term repo rate becoming the primary signal and a diminished role for its medium-term lending facility (MLF). CONTEXT The People’s Bank of China (PBOC) surprised markets this week by first cutting several key rates …
China’s rate cuts sequence hints at reduced role for MLF Read More »
(Reuters) – Insurance and asset management company Principal Financial Group posted a 3% rise in second-quarter adjusted profit on Thursday, helped by robust premiums and higher fee income. Premiums and other considerations jumped to $1.93 billion in the quarter from $1.49 billion, a year earlier. Wage growth and expectations of a soft landing for the …
Principal Financial profit rises on higher premiums, fee income Read More »
(Reuters) – Juniper Networks reported second-quarter revenue and profit below analysts’ estimates on Thursday due to weak spending by cloud computing firms on the company’s networking equipment. Companies have kept a tight lid on spending due to high borrowing costs, hurting companies such as Juniper and Cisco Systems. Economic uncertainty has also hurt players like …
Juniper Networks reports second quarter results below estimates Read More »
By Carolina Mandl NEW YORK (Reuters) – Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the stock rout, in one of the largest risk-unwinding events in a decade, Morgan Stanley said in commentary to institutional clients …
Macro hedge funds to dump $45 billion in equities, says Morgan Stanley Read More »
