By Harry Robertson LONDON (Reuters) – Bond traders are eyeing a return to a type of trade that left them battered earlier this year – betting on yield curves returning to a more normal shape as slowing economies force central banks to cut interest rates. The shape of the yield curve has been in the…
By Clare Jim and Jessie Pang HONG KONG (Reuters) -Cathay Pacific Airways reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a major turnaround in travel demand. The interim net profit of HK$4.3 billion ($550.22 million),…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank might hold or raise its key interest rate at its September review as the economy continues to recover, though it will lower its growth forecasts with exports remaining weak, the bank’s governor said on Wednesday. The Bank of Thailand (BOT) has raised its main…
(Reuters) -India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to the report. The India-based fast-moving consumer…
By Liliana Salgado TEMPE, Arizona (Reuters) – The pickleball craze in the United States has reached new heights with the opening last weekend of the first “Picklemall,” an indoor sports facility inside a mall in Tempe, Arizona. The courts at the Arizona Mills mall in a suburb of Phoenix will be open to anyone hoping…
By Praveen Menon SYDNEY (Reuters) – A referendum to constitutionally recognise Australia’s Indigenous people would fail if held now, opinion polls out this week show, adding pressure on the government to improve its messaging before the date of the vote is announced. Australians will vote in a landmark referendum later this year on whether they…
(Reuters) -Canadian rapper Tory Lanez was sentenced on Tuesday to 10 years in prison, more than seven months after he was convicted of shooting fellow musical artist Megan Thee Stallion during an argument in 2020. Judge David Herriford handed down the sentence to the 30-year-old rapper, whose legal name is Daystar Peterson, during a hearing…
SHANGHAI (Reuters) – A year-long slump in China’s healthcare stocks has accelerated this week as an anti-corruption campaign gathers pace, threatening the sales of some drug makers and medical equipment producers. The CSI Medical Services Index has lost more than 2% this month, taking losses for the year to 19% and heavily underperforming the benchmark…
A look at the day ahead in European and global markets from Brigid Riley Markets have a full plate on Wednesday, taking in China’s disappointing inflation data while awaiting tomorrow’s U.S. CPI report, and processing a surprise banking windfall tax announcement from Italy. The banking sector in Europe is still reeling after Italy unexpectedly approved…
By Lewis Krauskopf NEW YORK (Reuters) – Rising U.S. bond yields are unnerving investors and worsening stocks turbulence as markets confront a pileup of unwelcome news, from last week’s downgrade of the U.S. credit rating to revived worries over regional banks. Surging yields contributed to last year’s plunge in equities, when the Federal Reserve hiked…
