By Samuel Indyk LONDON (Reuters) – Investors poured money into cash and bonds in the week to Wednesday, according to data from BofA Global Research, ahead of next week’s pivotal central bank meetings from the Federal Reserve, European Central Bank and the Bank of Japan. Cash funds saw $70.6 billion of inflows, BofA said, citing…
BEIJING (Reuters) -China’s economic growth is expected to be “relatively high” in the second quarter compared to the prior year, mainly due a low base of comparison, while consumer inflation is projected to be above 1% by December, the central bank governor said. As rising interests rates and inflation squeeze demand in the United States…
(Reuters) – Global equity funds posted outflows for the eighth consecutive week in the seven days leading up to June 7, as concerns over stubbornly high inflation and sluggish economic growth prompted investors to pull back from riskier assets. According to data from Refinitiv Lipper, investors withdrew a net $18.84 billion from global equity funds,…
A look at the day ahead in U.S. and global markets from Mike Dolan As S&P500 stocks clock their highest close of the year, marking a technical 20% ‘bull market’ from October’s low, disinflation signals around the world may help calm G3 central bankers meeting next week. Much like the winter euro zone recession that…
ZURICH (Reuters) – The Swiss government has signed an agreement with UBS to cover up to 9 billion Swiss francs ($10.01 billion) in losses from its emergency takeover of Credit Suisse, the finance ministry said on Friday. “To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the country’s corporate price-setting behaviour was showing changes that could work to push up inflation more than expected, suggesting the economy was making steady progress toward hitting its 2% price target. But he stressed anew the central bank’s resolve to keep ultra-loose policy,…
(Reuters) – AstraZeneca said on Friday it had signed an agreement with Quell Therapeutics potentially worth more than $2 billion to develop cell therapies that could cure autoimmune diseases. The agreement includes developing, manufacturing and commercialising cell therapies that have the potential to be curative in type 1 diabetes and inflammatory bowel disease indications, the…
BEIJING (Reuters) – China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as the central bank keeps policy accommodative to support a fragile economic recovery. Chinese banks are estimated to have issued 1.60 trillion yuan ($225 billion) in net new yuan loans last…
By Daren Butler and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey’s central bank, which is widely expected to reverse course and tighten policy after years of rate cuts and a simmering cost-of-living crisis. Erkan, former co-CEO at First Republic…
(Reuters) – All of Australia’s “Big Four” banks on Friday passed on the Reserve Bank of Australia’s (RBA) latest rate hike to their customers in full, raising their respective standard variable home loan rates by a quarter-point. Earlier this week, the RBA stunned markets by raising its cash rate by 25 basis points to 4.1%…
