BERLIN (Reuters) – Growth and solid finances are no contradiction and can be reached at the same time, German Chancellor Olaf Scholz said on Friday, responding to questions on differences between Berlin and Paris over the extent of public investment and debt. “We have just shown – and both of us had a stake in …
Europe can have growth and solid finances, Scholz tells Macron in Paris Read More »
(Reuters) – Global equity funds have drawn record inflows of money this year as an economic rebound and a surge in demand after pandemic restrictions were eased have boosted companies’ profits. According to Refinitiv data, investors poured $704.16 billion into equity funds between January and November, already surpassing 2007’s previous annual record of $550.9 billion. …
Global equity funds see record inflows this year -Lipper Read More »
By Mike Dolan LONDON (Reuters) -The Ghost of Christmas Past – a spectral warning from yesteryear in Charles Dickens’ A Christmas Carol – may need to be invoked by some investors to parse the spooks of the year ahead. Understanding properly what went wrong with some the wayward consensus calls of one year ago – …
Ghost of Christmas Past warns of consensus trap: Mike Dolan Read More »
BEIJING (Reuters) – The Shanghai branch of China’s central bank has asked banks and financial bodies to spur innovation in products and services to support affordable housing while urging prudence on developers, it said in a statement on Friday. China’s politburo, a top-decision making body, said this week it would support the private housing market …
China’s central bank urges backing for affordable housing in Shanghai Read More »
LONDON (Reuters) – Money market funds saw the biggest two-month inflow streak since June 2020 while European equity funds suffered at $3.4 billion their biggest weekly outflows in over a year as investors cut riskier bets in the closing weeks of the year, BofA said. Cash funds enjoyed the biggest weekly inflows in the week …
Investors storm into cash, dump European stocks – BofA Read More »
CAIRO (Reuters) – Saudi Arabia funds and entities target investments of $5 billion in development projects in Bahrain, Bahrain’s state news agency (BNA) reported on Thursday following a meeting between Saudi and Bahraini crown princes in Manama. Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman arrived in neighboring Bahrain on Thursday, fourth stop …
Saudi Arabia funds target investments of $5 billion in Bahrain – BNA Read More »
By Maximilian Heath BUENOS AIRES (Reuters) -Argentina will loosen export restrictions on beef that were put in place in a bid to curtail inflation and had been panned by meatpackers, the government said on Thursday after a meeting with industry groups. Argentina’s inflation hovers around an eye-watering 50% a year, while the poverty rate sits …
Argentina to loosen restrictions on beef exports Read More »
BRASILIA (Reuters) – Brazil’s Senate on Thursday approved the extension of a payroll tax exemption for 17 economic sectors until December 2023, a measure seen as necessary to save jobs during a period of stagnant growth caused by the coronavirus pandemic. The bill has already passed the lower chamber of Congress and advances to President …
Brazil Senate extends payroll tax exemption for companies to avoid job losses Read More »
WASHINGTON (Reuters) -The U.S. Treasury Department must play a major role in combating corruption at home and abroad, Treasury Secretary Janet Yellen told President Joe Biden’s democracy summit on Thursday, unveiling a new “kleptocracy fund” to reward tips on where corrupt foreign leaders hid their money in the United States. She said the Treasury was …
Treasury’s Yellen vows big push against corruption, new ‘kleptocracy fund’ Read More »
WELLINGTON (Reuters) – New Zealand’s manufacturing sector saw a lower level of expansion for November, a survey showed on Friday. The Bank of New Zealand-Business NZ’s seasonally adjusted Performance of Manufacturing Index (PMI) was 50.6, down from 54.3 in the previous month. A reading above 50 indicates an expansion in activity, while anything below that …
New Zealand manufacturing activity dips in November Read More »
