By Shankar Ramakrishnan and Davide Barbuscia (Reuters) – In recent weeks, U.S. bond markets have bought into the prospect of a “soft landing,” prompting some investors to question whether they are ignoring the risk that companies will run into trouble in a higher-for-longer interest rate environment. Corporate credit spreads, which indicate the premium investors require…
By Gabriel Araujo SAO PAULO (Reuters) – Major helicopter manufacturers operating in Brazil expect a demand recovery in the second half of 2023 after a relatively slow first six months, but are unlikely to match the strong orders they registered last year. Air transportation markets had a positive 2022 with travel rebounding post-pandemic, and that…
By Felix Onuah ABUJA (Reuters) -West Africa’s regional bloc on Thursday ordered the activation of a standby force for possible use against the junta that took power in Niger in July, saying it wanted a peaceful restoration of democracy but all options including force were on the table. The threat of an invasion, though not…
By Pavel Polityuk KYIV (Reuters) -Russia attacked the western Ukrainian region of Ivano-Frankivsk with hypersonic missiles on Friday, hitting areas near a military airfield and killing an eight-year-old boy, Ukrainian officials said. One missile crashed into the grounds of a family’s home in the Kolomyia district, wounding several people including the boy, who later died…
(Reuters) -Singapore’s Olam Group said on Friday it is targeting the IPO of its agricultural unit by the first half of 2024, and the commodity trader reported an 88.8% fall in first-half profit on lower crop yield from its almond orchards in Australia. The company said in May it did not expect the dual listing…
SAO PAULO (Reuters) – Brazil’s consumer prices as measured by the benchmark IPCA index rose more than expected in July, data from government statistics agency IBGE showed on Friday, but the figures are unlikely to stop the central bank from keep lowering interest rates. Prices were up 0.12% in the month, IBGE said in a…
By Kane Wu HONG KONG (Reuters) -Europe-based private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused fund, its latest regulatory disclosure showed. CVC is targeting to raise $6 billion for the fund, its sixth and largest to date for the region, people familiar with the situation told…
By Tom Sims FRANKFURT (Reuters) – A Munich-based property developer said on Friday it had filed to open insolvency proceedings with a local court, in the latest sign of stress in Germany’s real estate sector. Euroboden GmbH, with 115 million euros ($126 million) in bonds outstanding and facing possible downgrades in its credit rating, said…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped back up to 7.1% in July, a Reuters poll of analysts showed, a blow for the ruling Peronist coalition, which is battling to avoid defeat by the conservative opposition in primary elections on Sunday. The sharper expected rise in the Consumer Price…
(Reuters) – U.S. equity funds saw heavy outflows in the seven days to Aug. 9 amid investor caution ahead of the U.S. inflation data and concerns over credit rating downgrades in the banking sector. According to Refinitiv Lipper data, investors withdrew about $14.96 billion from U.S. equity funds during the week, their biggest week of…
