(Reuters) – U.S. investors remained net sellers of bond funds for a fourth straight week on increased expectations that the U.S. Federal Reserve will be more aggressive with its interest rate policy this year to tame inflation. According to Refinitiv data, investors sold U.S. bond fund units worth $4.5 billion, a third less than the …
US bond funds see outflows for fourth straight week Read More »
(Reuters) – Global equity funds lured big inflows in the seven days to Feb. 2 on optimism over strong earnings from U.S. technology companies and on hopes that inflation would ease later this year. Investors secured global equity funds of $14.34 billion in their biggest weekly purchase since Jan. 12, Refinitiv Lipper data showed. https://fingfx.thomsonreuters.com/gfx/mkt/lgpdwxjozvo/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg …
Global equity funds see biggest inflow in three weeks Read More »
(Reuters) – Shaky U.S. stock markets may get another curveball in the form of U.S. inflation data while on the other side of the pond, markets wait to see if British Prime Minister Boris Johnson manages to shore up support after a string of scandals. In China, the Winter Olympics are getting underway with a …
Take Five: Oil, inflation and political survival Read More »
BERLIN (Reuters) -German industrial orders grew more than expected in December, data showed on Friday, with a boost from stronger domestic demand a cause for optimism for the growth outlook of Europe’s largest economy. Orders for goods grew 2.8% on the month in seasonally adjusted terms after a revised increase of 3.6% in November, figures …
Strong domestic demand boosts German industrial orders in December Read More »
By David French (Reuters) – Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and halted a nascent recovery built on upbeat earnings from other big tech. Meta shares sank 26.4%, wiping around more than $200 billion off its …
Wall St ends winning run as Facebook forecast halts tech-led recovery Read More »
BRASILIA (Reuters) – Brazil’s Economy Ministry calculates that a bill to cut fuel taxes sought by President Jair Bolsonaro could cost the Treasury 54 billion reais ($10 billion) a year in lost revenue, a source at the ministry with knowledge of the matter said on Thursday. The ministry opposes the bill presented to Congress by …
Tax reduction on fuels could cost Brazil Treasury $10 billion -source Read More »
TORONTO (Reuters) -Bank of Montreal will begin bringing employees in its investment and corporate banking unit back to offices on Monday, a spokesperson confirmed to Reuters late on Wednesday. It is the first major Canadian lender to set a concrete return-to-office date following the lifting of COVID restrictions in Ontario, the country’s most populous province …
Bank of Montreal to bring bankers back to offices on Monday Read More »
By Belén Carreño MADRID (Reuters) – Spain’s fragmented parliament approved the minority leftist government’s labour reform on Thursday by a margin of just one vote, which the main opposition party said had come from one of its members by mistake and vowed to try to annul the result. The decree that overturns a previous conservative …
Spanish labour reform passed in knife-edge vote, opposition blames error Read More »
MEXICO CITY (Reuters) – The Mexican government said on Thursday that it is negotiating the settlement of a $1.1 billion lawsuit by Vulcan Materials Co over a government effort to shutter its limestone mine near the Caribbean resort of Playa del Carmen. President Andres Manuel Lopez Obrador said at a news conference that he has …
Mexico seeks to settle $1.1 billion Vulcan suit over limestone mine closure Read More »
WASHINGTON (Reuters) – IMF management and board have no role in preparing the concluding statement issued after a staff surveillance mission to a country, an IMF spokesman said on Thursday, after Reuters reported that a draft sentence critical of Japan’s financing of high-emissions coal projects was deleted from a Jan. 28 statement. International Monetary Fund …
