By Yoruk Bahceli AMSTERDAM (Reuters) – An overhaul of the private pensions system in the Netherlands – the biggest in the European Union – is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Many macro hedge funds that bet on global economic trends are ending the first half of 2023 with losses, but uncertainty around how different central banks will handle monetary policy could provide trading opportunities for the rest of the year. After a surprise crisis of…
A look at the day ahead in European and global markets from Ankur Banerjee After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse. Economists polled…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar. Suzuki warned against investors selling the yen too far as the currency weakened past 145 to the dollar, a level that made speculators wary…
By Jack Queen and Mike Spector (Reuters) -A Texas grand jury on Thursday declined to press criminal charges against rapper Travis Scott and five others over a 2021 crowd crush at a music festival that left 10 dead and injured thousands, prosecutors said. Harris County District Attorney Kim Ogg said the grand jury was the…
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory production jumped unexpectedly in May, led by cars and chips, official data showed on Friday, while retail sales and facility investment also rose in an encouraging sign for a slowly recovering economy. The industrial output index rose 3.2% in May on a seasonally adjusted monthly basis,…
By Yantoultra Ngui SINGAPORE (Reuters) – From India to Singapore, Asia is seeing a boom in private credit funds looking to tap into demand mainly from startups that are moving away from raising equity capital at a sharp discount to their valuations, known as ‘down round’ in the industry. At least $2.5 billion in new…
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems said it would begin resuming operations at its plant in Wichita, Kansas, on Friday, after union workers on Thursday voted to accept a new contract and end a strike that led to a week-long work stoppage. Following a vote where union employees represented by the International Association of…
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Core inflation in Japan’s capital perked up in June and remained above the central bank’s 2% target for the 13th month, a sign price hikes were spreading to broader sectors of the economy and keeping policymakers pressured to dial back ultra-easy policy. The data for Tokyo, which…
By Andy Bruce LONDON (Reuters) – Major British lenders on Thursday announced another increase in mortgage rates offered via brokers, pushing many products above the 6% mark in painful news for many homeowners and potential buyers. Lenders have re-priced home loan offerings repeatedly in recent weeks in a scramble to keep up with soaring funding…
