BEIJING (Reuters) – China’s ruling Communist Party has passed guidance for promoting the development of private firms, state media said on Friday, signalling more steps to reinvigorate a sector hurt by a round of regulatory curbs. China will optimise the development environment for the private sector and will remove institutional barriers that prevent firms from…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month…
(Reuters) – U.S. bond funds suffered big outflows in the week to April 19 on expectations that the Federal Reserve would continue to hike interest rates to tackle inflationary pressures. Refinitiv Lipper data showed $3.1 billion worth of net selling from U.S. bond funds after two weeks of inflows. Fund flows: U.S. domiciled equities, bonds…
BERLIN (Reuters) – Nestle and private equity firm PAI Partners have agreed to set up a joint venture for Nestle’s frozen pizza business in Europe, the Swiss company said on Friday, adding financial details were not disclosed. Nestle’s pizza business across Europe has an annual turnover of around CHF 400 million ($448.38 million), it said….
(Reuters) – Rising concerns of a recession following weaker economic data and expectations the Fed will keep hiking rates to tame inflation led to outflows from global equity funds in the week ended April 19. Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million…
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday. Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears…
By Gergely Szakacs BUDAPEST (Reuters) – The National Bank of Hungary is expected to leave its base rate steady at 13% at next Tuesday’s policy meeting, where the bank has flagged a cut in the top of its interest rate corridor, citing a reduction in market risks. With many economists saying inflation in central Europe…
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed. A flight to the safe-haven U.S. dollar sped up this…
By Uditha Jayasinghe (Reuters) -Sri Lanka’s National Consumer Price Index (NCPI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday. Food inflation eased to 42.3% in March from 49% in February, while non-food inflation was at 54.9%, the Department of Census and Statistics said in a…
BEIJING (Reuters) – China’s overall exports to North Korea in March rose sharply compared with the same month last year for the second month in a row, with the major export items including rice, Chinese customs data showed on Friday. Chinese outbound shipments to the isolated country surged 141.7% year-on-year last month following a 161.5%…
