Hedge funds bought financial stocks amid banking turmoil, says S&P
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the…
Economy
IMF urges Asia to keep monetary policy tighter for longer
By Leika Kihara WASHINGTON (Reuters) -Asian central banks may need to keep monetary policy “tighter for longer” to combat still…
Irish regulator has month to make order on EU-US Facebook data transfers
DUBLIN (Reuters) – Ireland’s data regulator has one month to make an order on blocking Facebook’s transatlantic data flows, European…
US labor market gradually losing steam; producer inflation cooling
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected…
Crypto investors face delays in withdrawing funds after Ethereum upgrade
By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its…
Stocks gain, gold jumps as Fed rate hike pause seen
By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stocks rallied and bond yields were…
Oil drops 1% after scaling multi-month highs on OPEC’s demand warning
By Shariq Khan BENGALURU (Reuters) -Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer…
Exclusive-To measure progress on sovereign debt, look to actual deals -World Bank’s Malpass
By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Thursday said progress on sovereign debt issues would be…
Biden and UK’s Sunak did not discuss intel leaks, White House says
LONDON (Reuters) – U.S. President Joe Biden did not discuss the leak of intelligence documents with British Prime Minister Rishi…
Dollar dips as producer prices cool, euro hits one-year high
By Karen Brettell NEW YORK (Reuters) – The dollar fell to a two-month low against a basket of currencies and…