(Reuters) – Investors put their cash in the relative safety of global money market funds in the seven days to April 26, on worries over a slowdown in global economic activity with the recent decline in U.S. companies’ quarterly earnings feeding pessimism. Data from Refinitiv Lipper showed investors purchased a net $42.68 billion worth of…
(Reuters) – U.S. money market funds drew massive inflows in the week to April 26 as investors preferred safer assets amid nagging worries about the regional banking sector and prospects of an imminent recession. Refinitiv Lipper data showed investors purchased a net $47.72 billion worth of U.S. money market funds in their biggest weekly net…
By Yoruk Bahceli and Davide Barbuscia AMSTERDAM/NEW YORK (Reuters) – In mid-March, as prices for U.S. Treasury bonds swung wildly following the collapse of Silicon Valley Bank, the trading desk at Legal & General Investment Management hit its top limits for both profit and loss several times in a single day. “We’d be swinging from…
(Reuters) -Microsoft Corp said on Friday it signed a 10-year deal with Nware to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform, days after Britain blocked its $69 billion buyout of the “Call of Duty” maker. The agreement marks the latest effort by Microsoft to ease fears its purchase of Activision would…
(Reuters) – The U.S. House of Representatives on Friday voted to repeal President Joe Biden’s suspension of tariffs on solar panels from four Southeast Asian nations with manufacturing facilities owned by China. The resolution passed in a 221-202 vote. It will now be sent to the Democratic-controlled Senate for consideration. The White House has…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew less than expected in February from the previous month and is seen shrinking in March, data showed on Friday, figures that back up the central bank’s plans to keep interest rates on pause. February gross domestic product gained 0.1%, less than the 0.2%…
LONDON (Reuters) – Ron DeSantis met Britain’s foreign minister James Cleverly during a visit to London on Friday aimed at boosting economic ties, ahead of an expected announcement by the Florida governor that he will run for U.S. president. DeSantis has been on an international tour this week as he prepares to launch a 2024…
By Howard Schneider WASHINGTON (Reuters) – As the U.S. economy reopened from the pandemic in 2021 and companies realized the pricing power at hand from supply shortages and consumers’ eagerness to spend, corporate profits spiked to claim the highest share of national income in 60 years. Profits would claim more than 15.5 cents on the…
By Jan Strupczewski and Balazs Koranyi STOCKHOLM (Reuters) – Last month’s turmoil in the banking sector barely affected European Union lenders but there remains an urgent need to make the sector even more resilient given how fast social media-created runs can sink banks, top EU officials said on Friday. EU finance ministers were briefed by…
(Reuters) – Scores of famous figures, including writers and actors, have signed an open letter urging Russian President Vladimir Putin to free opposition politician Alexei Navalny and to end what they called his torture in prison. Nobel prize-winning writers Svetlana Alexievich, JM Coetzee, Herta Mueller, Orhan Pamuk, Olga Tokarczuk and Mario Vargas Llosa were among…
