Ad Behind the Markets
By Chris Taylor NEW YORK (Reuters) – When Jenny Rosenberger’s daughter started thinking about college, she felt what a lot of parents in America do: Totally overwhelmed. The senior vice president for Bank of America in Newark, Delaware, took one look at the application process – with its mountains of options, paperwork, and opaque admissions…
By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and rebalance portfolios. The wave of selling is the latest of several signs of stress in private markets and is another signal of…
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Goldman Sachs Group Inc is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter said. The layoffs are the latest sign that cuts are accelerating across Wall Street as dealmaking dries up. Investment banking revenues have…
By Medha Singh (Reuters) – Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies. Global financial markets have taken a beating as central banks try to combat runaway inflation with aggressive rate hikes, thereby…
By Yoruk Bahceli AMSTERDAM (Reuters) – The Netherlands expects to borrow 101.5 billion euros ($107.8) on the debt markets next year, the most since 2012, and its funding needs are “extremely uncertain” as much depends on the energy price outlook, the country’s debt agency said on Friday. Around 50 billion euros will be raised from…
(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would cut back the pace of its interest rate hikes. According to Refinitiv Lipper data, investors bought a net $3.9 billion worth of U.S. equity funds, marking their first weekly net…
(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to scale back the pace of interest rate hikes. Still, the Federal Reserve raised its benchmark rate by half a percentage point on Wednesday and said…
By Lucy Raitano LONDON (Reuters) -Investors ploughed cash into stocks and bonds and sold cash and gold in the week to Wednesday, BofA Global Research said on Friday, hailing the end of “extreme bear sentiment”. Equity inflows totalled $18 billion and bond funds saw $2.3 billion of inflows while investors sold $0.2 billion of gold…
By Sinead Cruise, Kate Holton and Dhara Ranasinghe LONDON (Reuters) – Major investors are rethinking their support for Britain’s economy following months of political turmoil and persistent Brexit uncertainties, as experts predict its recovery from a global recession will be slow and painful. While governments worldwide are grappling with high inflation and low growth, UK…
By Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero up to now, the welfare ministry said on Friday, a move expected to ease dollar demand on the onshore FX market. The fund has grown in size and…
