Global money market funds draw biggest weekly inflow in 4-1/2 months
(Reuters) – Global money market funds attracted robust inflows in the week to Aug. 9, reflecting investor caution ahead of…
August 11, 2023
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
By Natalie Grover and Alex Lawler LONDON (Reuters) -OPEC+ supply cuts could erode oil inventories in the rest of this…
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday…
Country Garden restructuring fears deepen China property concerns
By Clare Jim HONG KONG (Reuters) -Country Garden’s shares hit a record low on Friday on fears that the Chinese…
Maui wildfire death toll hits 55 and may rise; recovery to take years
By Marco Garcia KAHULUI, Hawaii (Reuters) -Maui’s wildfires have killed at least 55 people, a toll expected to rise, and…
Asian companies earnings estimates get boost from consumption hopes
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Analysts are raising earnings estimates for Asian companies for the first time…
Gold set for worst week in seven on dollar, yields strength
By Deep Kaushik Vakil (Reuters) – Gold prices on Friday were on track for their worst week in seven, hurt…
Country Garden credit distress likely to spill over to China markets – Moody’s
LONDON (Reuters) – Credit distress at Chinese private developer Country Garden is likely to spill over to the country’s property…
Navalny admonishes ‘corrupt’ Russian elite after being handed 19 more years in jail
By Guy Faulconbridge MOSCOW (Reuters) – (Please note strong language in paragraph four) Jailed Russian opposition leader Alexei Navalny admonished…
UBS ends taxpayer backstop granted for Credit Suisse rescue
By Noele Illien ZURICH (Reuters) – Swiss taxpayers are no longer on the hook over the rescue of Credit Suisse…