By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose out to U.S. markets in the months ahead, as a stellar run in early 2023 has fizzled out in the face of tepid global economic performance and the AI hype that has brought a sparkle …
Europe’s brief window of market outperformance swings shut Read More »
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -Hawkish central banks have sent a resounding “no” to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. The U.S. Federal Reserve on Wednesday paused its most aggressive rate hiking cycle in decades, but …
Central banks push markets to rip up rate-cut playbook Read More »
By Ira Dugal MUMBAI (Reuters) – A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable local economy, economists said. Merchandise imports advanced 14.5% over the previous month to $57.1 billion, while exports inched up 0.7% to $35 billion. The merchandise trade deficit …
India’s merchandise import jump in may signals stable local economy – economists Read More »
By Stella Qiu SYDNEY (Reuters) -In 2018 Paul Wang left his home in Beijing to start a new life in Australia, investing A$1 million ($680,000) in a food processing business in the hopes of qualifying for permanent residency under the country’s investment visa scheme. Five years on, his hopes for his family of three remain …
Australia’s visa overhaul leaves Chinese millionaires in limbo Read More »
By Brenda Goh SHANGHAI (Reuters) -U.S. memory chipmaker Micron said on Friday it was committed to China and would invest 4.3 billion yuan ($603 million) over the next few years in its chip packaging facility in the Chinese city of Xian. The company has been targeted by China’s cyberspace regulator, which last month said the …
Micron says it is committed to China, invests $602 million in plant Read More »
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise forecast after the country’s May industrial output and retail sales growth missed forecasts. Economists led by Helen Qiao said they now expect China’s economy to expand 5.7% …
BofA Global Research cuts 2023 China growth forecast after weak May data Read More »
15 jun (Reuters) -La selección de fútbol de Estados Unidos avanzó el jueves a la final de la Liga de Naciones de la Concacaf tras golear 3-0 a su similar de México con un doblete de Christian Pulisic. En la final, Estados Unidos se enfrentará el domingo a Canadá, que más temprano derrotó 2-0 a …
EEUU golea a México y avanza a final de Liga de Naciones Concacaf Read More »
A look at the day ahead in European and global markets from Vidya Ranganathan It’s not just the heatwave. UK consumers are paying through their noses for fish and chips too, and Friday brings the next quarterly survey of their views on inflation and rates. Back in March, consumers surveyed didn’t seem so confident the …
HONG KONG (Reuters) – Huawei Technologies finance chief Meng Wanzhou sold a duplex flat in Hong Kong last month for HK$29.99 million ($3.83 million), netting more than HK$11 million on its purchase price, official records showed. Meng, who is also the daughter of the Chinese technology firm’s founder, bought the duplex on the 41st and …
Huawei’s Meng Wanzhou sells Hong Kong duplex for $3.8 million Read More »
SINGAPORE (Reuters) – GAIL (India) Ltd has issued a swap tender seeking 12 cargoes of liquefied natural gas (LNG) for loading in the U.S. in exchange for 12 cargoes for delivery into India in 2024, two industry sources said on Friday. India’s largest gas distributor is offering the cargoes for loading from the Sabine Pass …
GAIL India issues swap tender for 12 LNG cargoes in 2024 – sources Read More »
