By Jorgelina do Rosario LONDON (Reuters) – Global debt levels hit a new record high of $313 trillion in 2023, with developing economies scaling a fresh peak for the ratio of debt to their gross domestic product, a study showed. The Institute of International Finance (IIF), a financial services trade group, said on Wednesday that …
Global debt hits new record high at $313 trillion -IIF Read More »
By Blake Brittain (Reuters) -Cox Communications, the cable television and internet service provider, convinced a U.S. appeals court to throw out a $1 billion jury verdict in favor of several major record labels that had accused it of failing to curb user piracy, setting the stage for a new trial on the matter. The 4th …
Cox Communications wins order overturning $1 billion US copyright verdict Read More »
By Nell Mackenzie LONDON (Reuters) -Short sellers have raised their bets against Deutsche Pfandbriefbank (PBB’s) to record highs, data from S&P Global Market Intelligence showed on Tuesday, as the German lender grapples with a downturn in commercial property markets. Holding a short position against a company involves an investor borrowing shares in a company to …
Short-seller bets against Germany’s Deutsche Pfandbriefbank hit all-time high Read More »
By Mike Dolan LONDON (Reuters) – Art more than science? Just two months after Federal Reserve policymakers flagged 75 basis points of interest rate cuts for this year, some are already musing about the risks the economy takes off again from here – potentially obviating the need for any cuts at all. Seriously? In fairness, …
Column-The ‘art’ of rate cut timing – or clumsy indecision? :Mike Dolan Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Investors are holding their breath for perhaps the most influential earnings in a long while, with the poster child of the AI boom, Nvidia, set to report another blockbuster quarter. And yet investors, who have seen the stock skyrocket in the …
HONG KONG (Reuters) – China’s housing authority said 123.6 billion yuan ($17.20 billion) of development loans have been approved and 29.4 billion yuan have been issued under a special mechanism aimed at injecting liquidity into the crisis-hit property sector. Under China’s “whitelist” mechanism launched on Jan. 26, city governments recommend residential projects to banks suitable …
Chinese banks approve $17 billion of loans under ‘whitelist’ project – housing authority Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s exports rose more than expected in January, driven by U.S.-bound shipments of autos and car parts and Chinese demand for chip-making equipment, although the worsening factory sector mood added to concerns about broader economic weakness. Ministry of Finance data out on Wednesday showed Japan’s exports rose 11.9% in …
Japan’s exports perk up but souring factory mood darkens outlook Read More »
(Reuters) – The United States Federal Trade Commission and a group of states could sue as soon as next week to block grocer Kroger’s proposed $24.6 billion deal to buy smaller rival Albertsons, Bloomberg News reported on Tuesday, citing people familiar with the matter. An agreement to not close the deal between the FTC and …
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada’s annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early interest rate cut. It was the first time in seven months that headline inflation has dipped below 3%. …
Canada’s inflation rate slows and bolsters bets on early rate cut Read More »
By Greg Roumeliotis (Reuters) -Crown Castle’s co-founder Ted Miller said on Tuesday that the U.S. telecommunications infrastructure company could fetch as much as $15 billion by selling its fiber assets if it let him and his partners join its board of directors. Miller told Reuters that he and his team were best positioned to find …
Crown Castle could sell fiber assets for $15 billion, says co-founder Read More »
