(Reuters) – Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, while China’s policy measures to bolster its economy further boosted sentiment. According to Refinitiv Lipper data, global equity funds saw a net $2.81 billion in inflows after booking about $15.96…
LONDON (Reuters) – Japanese equity funds have had $7.9 billion of inflows in the past four weeks, the most in a four-week period since April 2020, a report from Bank of America Global Research said. Foreign investors are excited about the prospect of a new era of growth in corporate Japan and their buying helped…
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Seeking input on regulations The government is consulting Australia’s main science…
A look at the day ahead in U.S. and global markets from Mike Dolan The glass appears half full at half time. The U.S. economy and markets look to be in rude health as they hit the midyear mark on Friday, with both stock prices and interest rates climbing in tandem and the dollar on…
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition. Tesla is expected as early as this weekend to report global deliveries of 445,000…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending increased while exports remained weak, the central bank said on Friday. Economic activity was seen rising steadily with tourist arrivals still increasing, said Sakkapop Panyanukul, a senior director at the…
KARACHI, Pakistan (Reuters) – The International Monetary Fund and Pakistan have struck a staff-level agreement for the provision on $3 billion in bailout funds under a stand-by arrangement (SBA). The deal comes under an SBA instead of Pakistan’s Extended Fund Facility (EFF) programme that the country entered in 2019 and which was set to expire…
PARIS (Reuters) – MG Motor, owned by Chinese company SAIC Motor, on Friday announced a new leasing offer whereby drivers in France can get for 99 euros ($107.6) a month its MG4 electric car, matching a scheme the French government would like to see benefiting cars made in Europe. The offer runs from July 1…
By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists expect higher interest rates to keep up the pain even as inflation eases. Friday’s figures showed no change to the Office for National Statistics’ (ONS)…
SHANGHAI/BEIJING (Reuters) – China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with the matter said, as authorities step up efforts to slow the yuan’s depreciation. The central bank also guided one commercial lender to lower such rates,…
