BEIJING (Reuters) – China’s ruling Communist Party has passed guidance for promoting the development of private firms, state media said on Friday, signalling more steps to reinvigorate a sector hurt by a round of regulatory curbs. China will optimise the development environment for the private sector and will remove institutional barriers that prevent firms from…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
(Reuters) – U.S. bond funds suffered big outflows in the week to April 19 on expectations that the Federal Reserve would continue to hike interest rates to tackle inflationary pressures. Refinitiv Lipper data showed $3.1 billion worth of net selling from U.S. bond funds after two weeks of inflows. Fund flows: U.S. domiciled equities, bonds…
BERLIN (Reuters) – Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding financial details were not disclosed. Nestle’s pizza business across Europe has an annual turnover of around CHF 400 million ($448.38 million), it said….
LONDON (Reuters) – British Deputy Prime Minister Dominic Raab resigned on Friday following an independent investigation into allegations that he bullied colleagues. WHAT DOES THE BULLYING INVESTIGATION REPORT SAY? A 48-page report by lawyer Adam Tolley lays out the findings into more than a dozen complaints about Raab’s behaviour. Tolley’s conclusions focus on three sets…
(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million…
By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while a surprising recovery in the euro zone economy in April underpinned the euro. The dollar index, which measures the performance…
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears…
By Daniel Leussink and Maki Shiraki TOKYO (Reuters) -Toyota Motor Corp’s chief executive on Friday gave a stark assessment of the Japanese automaker’s work ahead in China, saying it must move faster as its competition in the world’s biggest auto market surges. Toyota is under pressure in China from local brands such as BYD Co…
By Gergely Szakacs BUDAPEST (Reuters) – The National Bank of Hungary is expected to leave its base rate steady at 13% at next Tuesday’s policy meeting, where the bank has flagged a cut in the top of its interest rate corridor, citing a reduction in market risks. With many economists saying inflation in central Europe…
