(Reuters) -Inflation data from the U.S. and UK growth numbers will show how some of biggest economies are bearing up, while markets are trying to interpret China’s stimulus efforts and a series of emerging market central bank meetings are due. Here is a look at the week ahead from Laura Matthews in New York, Tom…
By Joe Cash BEIJING (Reuters) – China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets grappling with high inflation and rising interest rates, a Reuters poll showed on Monday. Data for July are expected to show a 12.5% fall in outbound shipments from a year…
By Brigid Riley TOKYO (Reuters) – Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen as the currency has already found some support and will head much higher as U.S. interest rates peak, former finance official Eisuke Sakakibara said. Sakakibara gained a reputation as a market mover in the…
NEW YORK (Reuters) – The blockbuster film “Barbie” has topped $1 billion in box office ticket sales worldwide since its July 21 debut, Warner Bros. Pictures, a unit of Warner Bros. Discovery, announced on Sunday. In a statement, Warner Bros. said the fantasy-comedy movie has taken in $459 million from domestic theaters – counting the…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s annual headline inflation was weaker than expected in July, helped by lower food and energy prices, and the commerce ministry said on Monday it projected smaller consumer price rises for the rest of the year. The headline consumer price index (CPI) increased 0.38% in July…
HONG KONG (Reuters) – Chinese property developer Yuzhou Group rolled out a plan to restructure its debt after defaulting on dollar bond payments last year, sparking a short rally in its shares and bonds on Monday. The debt proposal by the Shenzhen-headquartered company, with $6.8 billion in offshore liabilities, is one of a handful announced…
A look at the day ahead in European and global markets from Wayne Cole. It’s been a slow start in Asia, with little in the way of market-moving news over the weekend. Shares are narrowly mixed, with Nasdaq futures faring best, while the dollar is a shade firmer and Treasury yields are up slightly. A…
By Georgina Lee and Scott Murdoch HONG KONG (Reuters) – China Life Insurance (Overseas) Hong Kong has mandated banks for its 10-year subordinated bond offering, according to a preliminary term sheet seen by Reuters on Monday. The Hong Kong arm of China’s second-biggest insurer by assets is looking to raise between $1 billion and $2…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan debated growing prospects of sustained inflation at their July meeting with one board member saying wages and prices could keep rising at a pace “not seen in the past,” according to a summary of opinions released on Monday. While the members stressed the need to keep…
SYDNEY (Reuters) – Australian job advertisements posted a small rise in July after an outsized decline in the previous month, data showed on Monday, but analysts say the lift could be a blip as rate hikes work to cool red-hot labour demand. Data from Australia and New Zealand Banking Group and employment website Indeed showed…
