Marketmind: Debt deal is near, Fed peak is not
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom…
Economy
China allows Morgan Stanley to set up China futures unit
SHANGHAI (Reuters) – China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures…
Grain trader Viterra in talks to merge with rival Bunge – source
By Anirban Sen and Karl Plume (Reuters) -Global grain trader Viterra is in talks to merge with U.S. rival Bunge…
Taiwan cuts GDP forecast, export outlook as global demand weakens
TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on…
Insurers flee climate alliance after ESG backlash in the U.S
By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least…
U.S. credit default swaps fall as debt ceiling talks progress
(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and…
BofA must face class action over 2020 benefit card fraud
By Jody Godoy (Reuters) – Bank of America must face cardholder allegations that it bungled its response to unauthorized transactions…
UK shoppers boost spending despite inflation’s bite
By William Schomberg LONDON (Reuters) -British consumers picked up the pace of their spending last month and sales volumes over…
Sanctioned China stocks win sudden boost from patriotic buyers
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – The trademark Chinese patriotism is back at play in markets. As…
China new home prices growth to narrow in 2023: Reuters poll
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s new home prices will see a slower growth this year,…