By Davide Barbuscia NEW YORK (Reuters) – The cost of insuring exposure to U.S. government debt has climbed to its highest in nearly one year, suggesting investors are getting nervous about a U.S. presidential election outcome that could make the government less able to repay debt. Spreads on U.S. one-year credit default swaps (CDS) – …
US sovereign credit default swaps rise on election, debt ceiling jitters Read More »
By Nick Carey (Reuters) – U.S. self-driving truck firm Outrider said on Thursday it had raised $62 million from investors to scale up autonomous truck services in distribution yards for customers in e-commerce, manufacturing and other industries. The Series D funding round was led by Koch Disruptive Technologies, the venture capital arm of industrial conglomerate …
US autonomous truck startup Outrider raises $62 million to scale up Read More »
By Rishav Chatterjee (Reuters) – Asset manager HMC Capital will acquire Global Switch Australia in A$1.94 billion ($1.29 billion) deal, the Australian firm said on Thursday, as the company looks to tap into the booming data centre sector. The data centre assets under the deal will anchor a real estate play and establish a platform …
HMC Capital to buy data centre group Global Switch Australia in $1.3 billion deal Read More »
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf were lower on Thursday as simmering geopolitical tensions in the Middle East kept investors on the sidelines. Israeli strikes pounded Beirut’s southern suburbs on Wednesday and Hezbollah said it fired precision guided missiles for the first time at Israeli targets, as U.S. Secretary of …
(Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China’s annual economic growth could drop to “way below” 4% unless it executes reforms to lift domestic consumption. A major obstacle to improving Chinese consumer confidence is its depressed property sector, and actions should be take to address that, Georgieva said at …
IMF’s Georgieva says China risks ‘way below’ 4% growth unless reforms are made Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s economic growth will increase to 4.0% in the year to the end of June 2025 as austerity measures imposed under an International Monetary Fund programme run their course, a Reuters poll showed on Thursday. The median forecast in the Oct. 9-23 Reuters poll of 13 economists predicted gross …
Egypt economy seen growing as IMF measures run course: Reuters poll Read More »
By Nivedita Balu TORONTO (Reuters) – More Canadian homeowners are considering switching to variable rate from fixed rate mortgages after an unusually large interest rate cut by the central bank on Wednesday, mortgage brokers said. The Bank of Canada cut its benchmark policy interest rate by 50 basis points to 3.75%, giving some relief to …
Canadian homeowners consider switch to variable rate mortgages after big rate cut Read More »
ABU DHABI (Reuters) – Saudi Arabia, the Arab world’s biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation methodology. The kingdom introduced a new methodology last year to collect and report FDI data in a bid to …
Saudi Arabia’s FDI inflows at $26 billion in 2023, exceeding target Read More »
By Nell Mackenzie, Federico Maccioni and Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi is emerging from Dubai’s shadow as it attracts its own share of asset managers’ and billionaires wealth, helping cement United Arab Emirates’ role as an alternative to global financial hubs. Lacking rich oil reserves, Dubai has built up over the past …
Dubai and Abu Dhabi race to lure world’s wealth managers Read More »
(Reuters) – Qube’s deal to buy Melbourne’s RoRo terminal has raised concerns, Australia’s competition watchdog said on Thursday, as it would potentially gain further interest in a part of the automotive delivery supply chain at the Port of Melbourne. Australia’s largest integrated terminal and freight logistics provider, Qube, had in May said it would take …
Australia’s competition regulator raises concerns over Qube’s RoRo terminal deal Read More »
