LONDON (Reuters) – The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in Davos on Tuesday. Anne Richards, CEO of the $610 billion money manager Fidelity International, put her level of worry about a…
By Shadia Nasralla LONDON (Reuters) -Oil prices were mixed on Tuesday after China posted its second-weakest annual economic growth in nearly half a century, though its recent shift in COVID-19 policy underpinned hopes of a recovery in fuel demand this year. Brent crude futures rose 69 cents, or 0.8%, to $85.15 a barrel by 0913…
FRANKFURT (Reuters) -China’s reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world’s largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said. China has lifted many of the most debilitating restrictions after abruptly jettisoning its strict…
By Lananh Nguyen NEW YORK (Reuters) – Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters. At Bank of America Corp,…
By Maki Shiraki TOKYO (Reuters) – A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on final terms for a reshaped alliance with its French partner, two people with knowledge of the matter told Reuters. Renault Chief Executive Luca De Meo is scheduled to travel to Japan…
By Sonali Paul and Muyu Xu MELBOURNE (Reuters) -Oil prices were mixed on Tuesday after China posted its weakest economic growth in nearly half a century, while its late-2022 U-turn in COVID policy still supported hopes of recovery in the country’s fuel demand this year. Brent crude futures had risen 16 cents, or 0.2%, to…
By Jeffrey Dastin DAVOS, Switzerland (Reuters) – Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos…
(Reuters) – China’s economy slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and raising pressure on policymakers to unveil more stimulus this year. Gross domestic product (GDP) grew 2.9% in October-December from a year earlier, data from the…
By Kane Wu HONG KONG (Reuters) – Asia shares mostly slipped on Tuesday ahead of Beijing’s expected release of weak fourth-quarter economic data, although investor sentiment about China’s rebound remained positive even as the global economy edges closer to recession. MSCI’s gauge of Asia Pacific stocks outside Japan was down 0.18% at 0127 GMT. China’s…
By Tatiana Bautzer and Gabriel Araujo SAO PAULO (Reuters) – Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA, analysts’ estimates showed on Monday, after the retailer obtained an injunction protecting it from creditors. Analysts at JPMorgan and Citi said in research notes that Banco Bradesco…
