MEXICO CITY (Reuters) – Mexican annual inflation likely accelerated in the first half of February after slowing during the past eight weeks, a Reuters poll showed Monday, reinforcing expectations that the country’s central bank would continue raising rates in line with the U.S. Federal Reserve. The consensus forecast of 12 analysts surveyed was for inflation…
LONDON (Reuters) – Tech-dominated “growth” stocks are still not cheap despite some sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned on Monday. The so-called FAANGs have seen some of their COVID-era surges cut back this year, with Facebook down 38%, Apple down 5.7%, Amazon down 8.5% and Netflix and…
By Tom Sims FRANKFURT (Reuters) -Allianz has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory filings. The downfall of the $15 billion Structured Alpha funds has landed the German insurance company in hot…
BRUSSELS (AP) — The European Union on Monday imposed sanctions on several top officials in Myanmar and on a lucrative state-owned oil and gas company that has helped fund the military that overthrew the country’s elected government a year ago. The bloc imposed asset freezes and travel bans on 22 people and slapped restrictive measures…
By Huw Jones LONDON (Reuters) – Requiring regulators to keep the financial sector globally competitive following Brexit must not bring back the damaging booms and busts of the past, a senior Bank of England official said on Monday. Britain’s finance ministry has said it will add a formal objective for the central bank and the…
By Huw Jones LONDON (Reuters) -The European Union’s 19 trillion euro ($21.6 trillion)investment funds industry is failing to exploit the bloc’s single market, saddling investors with high costs and opaque selling practices, the European Court of Auditors said in a critical report on Monday. A full review of EU investment fund rules is needed by…
NEW YORK (AP) — Former President Donald Trump’s social media app that he hopes will rival Twitter launched Monday as he seeks a new digital stage to rally his supporters and fight Big Tech limits on speech, a year after he was banned from Twitter, Facebook and YouTube. His Truth Social app was offered for…
WASHINGTON (AP) — Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank’s next meeting in March. Bowman’s comments came after several officials on Friday pushed back against the idea of a half-point increase in the Fed’s benchmark short-term interest…
(Reuters) – It is too early to know if the Federal Reserve will need to start its tightening cycle at its next policy meeting in March with a half percentage point rate rise, Fed Governor Michelle Bowman said on Monday, as she pointed to upcoming data as the deciding factor. “Between now and then it’s…
By Jonathan Cable LONDON (Reuters) -The euro zone economic recovery regained momentum this month as an easing of coronavirus restrictions gave a boost to the bloc’s dominant service industry, a survey showed, but consumers faced prices rising at a record rate. As the Omicron coronavirus variant swept across Europe some governments reimposed measures to contain…
