(Reuters) – Global bond funds obtained their biggest weekly inflow in nine months and purchases in money market funds also surged in the week to Aug. 3, as investors favoured safety due to worries about the risk of global recession. Also, jitters about an escalation in Sino-U.S. tensions over U.S. House of Representatives Speaker Nancy…
By Bansari Mayur Kamdar (Reuters) -European shares edged lower on Friday as crude prices continued to weigh on energy stocks, with all eyes on U.S. jobs data expected later in the day. The pan-European index STOXX 600 was down 0.1% amid worries that the U.S. Federal Reserve’s aggressive pace of rate hikes would slow economic…
By Huw Jones LONDON (Reuters) -The London Stock Exchange Group said on Friday that costs and savings targets for integrating data company Refinitiv were on track and that it was launching a 750 million pound ($911 million) share buy-back. Investors are closely monitoring the integration of Refinitiv, which LSEG bought for $27 billion in 2021,…
By Alun John HONG KONG (Reuters) – Asian shares gained on Friday ahead of U.S. jobs data that will give another clue to the health of the world’s largest economy as warning signs flashed in bond markets, and oil traded around its lowest level since the start of the war in Ukraine. MSCI’s broadest index…
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.4% in its third such hike since May as it focuses on containing inflation. Reserve Bank of India Governor Shaktikanta Das projected inflation at 6.7% in this financial year. June was the sixth consecutive month with…
NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The benchmark S&P 500 ended just 0.2% lower after recovering from an early slide as investors reacted to the report, which showed…
By Rocky Swift and Satoshi Sugiyama TOKYO (Reuters) – Japanese companies are temporarily shutting offices or suspending production as they battle a record wave of COVID-19, disrupting businesses in a country that has until now weathered the pandemic better than most advanced economies. Automakers Toyota Motor Corp and Daihatsu Motor Co last week halted production…
By Rae Wee SINGAPORE (Reuters) – The dollar crept higher on Friday but struggled to recoup its losses after falling by its sharpest pace in two weeks, as investors remained on tenterhooks ahead of U.S. jobs data and amid growing worries about a recession. The U.S. dollar index, which measures the greenback against a basket…
HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%. The company has been grappling with increased regulatory scrutiny and fines and a slowing economy. Alibaba reported revenues of 205.6 billion…
By Sonali Paul MELBOURNE (Reuters) – Global miner Rio Tinto has received several offers to build 4 gigawatts (GW) of wind and solar farms to power its alumina and aluminium operations in Australia’s Queensland state, the company’s Australia head said on Friday. Rio Tinto Chief Executive Officer Australia Kellie Parker said the company, the country’s…
