By Lucy Raitano LONDON (Reuters) -Investors pumped $25.1 billion into cash in the week to Wednesday, but the flow into cash funds has slowed recently, reflecting a greater degree of investor confidence, according to a report from BofA Global Research on Friday. A total of $151 billion went into money market funds over the last…
HIROSHIMA, Japan (Reuters) – Leaders of the world richest democracies agreed on Friday to stiffen sanctions against Russia and pledged financial support for Ukraine in its fight against Russia’s invasion. Below are key extracts from the Group of Seven leaders’ statement. NEW SANCTIONS “we will broaden our actions to ensure that exports of all items…
TOKYO (Reuters) – Group of Seven leaders meeting in Hiroshima, Japan, on Friday acknowledged the need for governance of generative artificial intelligence (AI) and immersive technologies. The leaders agreed to have ministers discuss the technology as the “Hiroshima AI process” and report results by the end of the year, according to a summary of a…
By Nevzat Devranoglu and Ebru Tuncay ANKARA (Reuters) – Turkish banks have restricted access to some individual loans and postponed decisions on extending corporate loans following new regulations introduced since Sunday’s inconclusive presidential vote and ahead of a May 28 runoff, bankers said. Some banks have raised monthly mortgage loan rates above 3% and car…
ANKARA (Reuters) – The Turkish central bank’s net international reserves dropped some $4.45 billion to a 21-year low of $2.33 billion in the week to May 12, as forex demand surged ahead of elections, official data showed on Thursday. The bank’s total gross reserves plunged $9 billion in the same week to $105.13 billion, the…
A look at the day ahead in U.S. and global markets from Yoruk Bahceli. Markets are heading into the weekend basking in optimism that a debt ceiling deal to avert a catastrophic U.S. Treasury default will be struck soon. All eyes are on Sunday, when President Joe Biden holds a press conference. His team have…
By Joe Cash and Brenda Goh BEIJING (Reuters) – Global drugmaker AstraZeneca will seek to be a patriotic company in China that “loves the Communist Party”, its China president said at an event on Friday. Wang Lei, who is also the company’s global executive vice president, made the comments at an event in the eastern…
GENEVA (Reuters) – More than a million people have been displaced by fighting in Sudan so far, including a quarter of a million refugees, a U.N. Refugee Agency (UNHCR) spokesperson said on Friday. The army and paramilitary Rapid Support Forces have been locked in weeks of conflict that has killed hundreds of people and turned…
HIROSHIMA, Japan (Reuters) – Group of Seven (G7) leaders on Friday said they had ensured that Ukraine had the budget support it needs for this year and early 2024 as they renewed their commitment to provide financial and military support in its fight against Russia. “Today we are taking new steps to ensure that Russia’s…
BERLIN (Reuters) – German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative sign that inflation may ease further in Europe’s largest economy. Producer prices of industrial products were up 4.1% in April on the same month last year following a 6.7% rise…
