Global equity funds post outflows for fifth week in a row
(Reuters) – Global equity funds suffered outflows for a fifth straight week in the week to May 17, undermined by…
Economy
Explainer-What are Russia’s options for managing its widening budget deficit?
By Darya Korsunskaya and Alexander Marrow (Reuters) – As Russia’s military spending soars and sanctions squeeze its energy revenues, Moscow…
India’s forex reserves edge towards $600 billion, hit near 1-year high
MUMBAI (Reuters) – India’s foreign exchange reserves rose for a third consecutive week and stood at $599.53 billion for the…
Column-Lithium slump puts China’s spot price under the spotlight: Andy Home
By Andy Home LONDON (Reuters) – High-flying lithium has come crashing back to earth. A super-charged two-year rally, which saw…
ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in…
US House hardliners could try to block debt-ceiling deal without ‘robust’ cuts
By David Morgan WASHINGTON (Reuters) -President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about…
Investors still pouring into cash, but pace slows – BofA
By Lucy Raitano LONDON (Reuters) -Investors pumped $25.1 billion into cash in the week to Wednesday, but the flow into…
Factbox-Key excerpts from G7 leaders’ statement on Ukraine
HIROSHIMA, Japan (Reuters) – Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged…
China will resolutely curb large fluctuations in exchange rate – central bank
BEIJING (Reuters) – China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of…
Biden likely to get another update on budget talks on Friday -spokesperson
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden is likely to get another update from his team on budget negotiations…