JAKARTA (Reuters) – Indonesia’s April trade surplus was seen increasing from the previous month, with imports softening due to less production activities during the holiday of Ramadan, a Reuters poll showed. The median analysis of 14 economists in the survey showed the trade surplus in April likely increased to $3.38 billion from $2.91 billion in…
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s economy grew faster than expected in the first quarter buoyed by firm domestic demand, spurring the central bank to downplay fears of a global slowdown hitting the export-dependent country. Gross domestic product rose 5.6%, according to central bank and government data, faster than the 4.8% annual expansion forecast…
(Reuters) – International Monetary Fund staff have reached agreement with Senegal on financing facilities totalling about $1.9 billion, the Fund said in a statement. The deal is subject to approval by the IMF executive board, which is tentatively scheduled to consider it in mid-June. Most of the money is a new 36-month financing arrangement under…
By Nell Mackenzie and Sinead Cruise LONDON (Reuters) – There are few jobs Robyn Grew has not mastered at the $145 billion hedge fund Man Group, where money keeps rolling in to a fast-growing business she helped to transform. Grew, named incoming CEO on Thursday, has held executive positions in compliance, trading, legal and operations…
By Iain Withers and Sinead Cruise LONDON (Reuters) – Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew. Ellis, who first joined Man…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is likely to keep its medium-term policy rate unchanged when rolling over such maturing loans on Monday, despite a slew of recent data pointing to faltering economic recovery, a Reuters survey showed. In a poll of 30 market watchers conducted this week, 26 participants, or 86.7%, predicted the People’s…
FRANKFURT (Reuters) -Germany’s Allianz on Friday posted a big rise in first-quarter net profit, rebounding after taking charges a year ago for a U.S. funds scandal. The quarterly jump in profit of 329% fell short of analyst expectations, however, and was damped in part by weakness in Allianz’s asset management division, which saw lower revenues…
A look at the day ahead in European and global markets from Ankur Banerjee Signs of an economic slowdown across the globe, lingering worries over the U.S. debt ceiling and ever-present fear of a deepening banking sector crisis have kept investors skittish and risk averse through the week and Friday has been no different. The…
(Reuters) – UBS Group AG has prioritised integrating Credit Suisse’s investment bank and accelerating cost-cutting, the Financial Times reported on Friday, citing people involved in the planning. Executives will move first on bringing the two investment banks together to “create clarity on day one” and avoiding “two people going out and calling institutions to sell…
By Kantaro Komiya TOKYO (Reuters) – Japan’s core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of the government’s energy subsidies. Persistent inflation, coupled with three-decade-high wage hikes, have emboldened market speculation that the Bank of Japan is preparing for…
