By Aditi Shah and Tim Hepher ISTANBUL (Reuters) -The United States is in a “business recession” but the consumer is “strong”, Scott Kirby, chief executive of United Airlines, the world’s largest carrier, told reporters at an aviation conference in Istanbul on Monday. This can be seen as leisure air travellers come back stronger and faster…
(Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries. Investors disposed of a net $4.55 billion of global equity funds during the week, Refinitiv Lipper data showed, compared with a weekly…
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched European equities last week for stocks in the United States and Japan, client notes from JP Morgan, Morgan Stanley and Goldman Sachs show, as strong economic data lifted equity markets in both countries. Commodity Trading Advisors, hedge funds that use algorithms to trade market trends, rotated…
(Reuters) – Russia’s foreign ministry said on Monday that it saw no prospects for extending the Black Sea grain export deal, which is set to expire in mid-July, Russian news agencies reported. TASS news agency quoted the ministry as saying that it was continuing consultations with the United Nations, and that ship inspections had resumed….
By Guy Faulconbridge MOSCOW (Reuters) -Russia said on Monday its forces had thwarted a major Ukrainian offensive at five points along the front in the Ukrainian region of Donetsk and killed hundreds of troops while Ukraine accused Moscow of spreading lies. It was not immediately clear whether or not the attack represented the start of…
By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May and a steep increase in prices charged against a backdrop of solid growth, adding further pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing Managers’ Index…
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s 2022 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic turmoil across the world. Here are some details of the impact: * DEATH The war has caused death on a level not seen in Europe since World War Two. From Feb. 24,…
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card…
By Chiara Elisei LONDON(Reuters) – A European derivatives committee said on Monday that a bankruptcy credit event has not occurred in relation to France’s debt-laden Casino, dashing investor hopes for a payout on credit insurance linked to the retailer. The EMEA Credit Derivatives Determination Committee (CDDC) met on Friday to discuss the question raised by…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided…
