BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on Wednesday. Tourism revenue will be lower than expected because Thailand is expected to receive only 28 million foreign arrivals this year, down from an earlier forecast of 30 million, …
Thai business group keeps 2023 growth forecast at 2.5%-3.0% Read More »
A look at the day ahead in European and global markets from Kevin Buckland European stocks are set for a bullish start if they follow the Asia-Pacific lead, buoyed by a drop in bond yields on deepening confidence that the major central banks’ tightening cycle has peaked. Japan’s Nikkei share average jumped 1.8%, as investors …
Marketmind: Optimism over peaking rates propels stocks Read More »
By Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) – Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry event Tuesday. Both M&A activity and initial public offerings (IPOs) faltered last year after Russia’s invasion of Ukraine and the …
Global banks forecast improved investment banking outlook Read More »
COPENHAGEN (Reuters) – Swedish pension fund Alecta said on Tuesday it had been appointed by a U.S. court to lead a class action against First Republic Bank aimed at recovering as much capital as possible that investors lost when the bank collapsed earlier this year. U.S. regulators on May 1 seized First Republic Bank and …
Alecta to lead class action against First Republic Bank Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings dropped to more than a 2-1/2-year low in October, the strongest sign yet that demand for labor was cooling amid higher interest rates. The Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday also showed that there were 1.34 vacancies for every unemployed …
By Fergal Smith TORONTO (Reuters) – The downturn in Canada’s service sector deepened in November as increased borrowing costs and worries about a potential recession weighed on activity, S&P Global Canada services PMI data showed on Tuesday. The headline business activity index fell to 44.5 in November from 46.6 in October. It was the sixth …
Canadian services PMI hits 3-year low on uncertain outlook Read More »
NEW YORK (Reuters) – Global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities note about its clients flow trends. Portfolio managers net sold over $300 million in shares in total last week, while they bought roughly $250 million …
Hedge funds sold stocks last week, led by financials and staples Read More »
MOSCOW (Reuters) – Russia’s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 2-1/2 times to a cumulative total of 244.8 billion roubles ($2.68 billion). The purchases are deferred because the central bank in August stopped buying foreign currency until the end …
Russia to more than halve deferred FX purchases in coming month Read More »
BERLIN (Reuters) – The number of foreign companies settling in Germany is expected to fall by almost a fifth in 2023 but the country remains Europe’s most sought after destination for foreign direct investment, Germany Trade & Invest said on Tuesday. Other countries such as Switzerland and France have also noted declines as companies lean …
Germany remains Europe’s top destination for foreign direct investment Read More »
By Jonathan Saul LONDON (Reuters) – War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the latest in a series of attacks in Middle Eastern …
War risk insurance rates edge up after surge in Red Sea ship attacks Read More »
