A look at the day ahead in European and global markets from Vidya Ranganathan. The U.S. dollar’s protracted smile is making China and Japan uncomfortable. China, unencumbered as it is by global pacts and commitments on market rates, has reacted swiftly this week. State banks have sold dollars to slow the yuan’s decline, and the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors are watching a large hedged-equity fund’s quarterly refresh of its options positions and quarter-end rebalancing by portfolio managers to potentially influence U.S. stock moves as the first half of the year winds down this week. The nearly $16 billion JPMorgan Hedged Equity Fund, which holds a basket…
By Ju-min Park and Heekyong Yang SEOUL (Reuters) – When former Samsung executive Choi Jinseog won a contract with Taiwan’s Foxconn in 2018, he tapped his former employer’s supplier network to steal secrets to help his new client set up a chip factory in China, a sealed indictment by South Korean prosecutors alleges. Prosecutors announced…
By Carolina Pulice MEXICO CITY (Reuters) – An index evaluating Latin American countries’ ability to root out corruption showed most countries moving backward, according to the ranking released on Tuesday. The 2023 Capacity to Combat Corruption (CCC) Index, published jointly by Americas Society/Council of the Americas and Control Risks, points to a decline in the…
