By Nell Mackenzie LONDON (Reuters) – Global hedge funds exited trades in the past week at their fastest pace since January and at one of the highest rates seen in the last five years, as recession bets have yet to pay off, a Goldman Sachs note to clients showed on Wednesday. Hedge funds cut losses…
By Pete Schroeder WASHINGTON (Reuters) -A plan by the top U.S. banking cop to make the sector more resilient may have gotten a boost from the recent banking crisis, but still faces numerous challenges. Fed Vice Chair for Supervision Michael Barr has laid out a plan to increase capital requirements for the nation’s largest banks…
By Joanna Plucinska and Rajesh Kumar Singh LONDON/CHICAGO (Reuters) – North American tourists thronging the streets of Europe’s top destinations are set to fuel healthy earnings for airlines this quarter and onwards as they enjoy travelling after long pandemic lockdowns, analysts and aviation executives said. With Air France-KLM, Lufthansa, British Airways-owner IAG and others due…
LONDON (Reuters) – The Bank of England allotted 1.2 billion pounds ($1.55 billion)of one-week funds in its short-term repo (STR) operation on Thursday, the second-largest usage of the facility since it launched in October. The BoE launched the weekly STR last year as tool to help keep money market rates close to its official Bank…
PARIS (Reuters) – France’s post-Brexit success in attracting banks from London to Paris has exceeded expectations and is increasingly showing up in the country’s balance of payments, the central bank said on Thursday. After Britain’s 2016 decision to leave the EU, the French government lobbied international banks hard to shift European activities to Paris in…
By Valerie Volcovici and David Stanway BEIJING/SINGAPORE (Reuters) – Climate talks this week between China and the United States were buoyed by goodwill, but the world’s two biggest carbon polluters achieved more on righting their diplomatic relationship than battling climate change. Despite a strong rapport between the countries’ veteran envoys, expectations for a breakthrough were…
By Amy Tennery, Irene Wang, Nathan Frandino and Praveen Menon AUCKLAND (Reuters) -At least two people and an armed attacker were killed and five others wounded in a shooting in New Zealand’s largest city of Auckland on Thursday, hours ahead of the opening match of the Women’s soccer World Cup in the city. Prime Minister…
PARIS (Reuters) – Russia is responsible for a major global food supply crisis, the European Union’s foreign policy chief, Josep Borrell, said on Thursday, some days after the Kremlin announced it would suspend an agreement for Ukrainian grain exports through the Black Sea. “What we already know is that this is going to create a…
By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) – Hungary’s annual inflation will slow to 7-8% by December from 20.1% in June, helping the economy rebound, Finance Minister Mihaly Varga told Reuters, adding that no further measures were needed to contain the budget deficit for now. Prime Minister Viktor Orban’s government is struggling with the…
By Howard Schneider WASHINGTON (Reuters) – Ford Motor’s announced price cut this week for the electric version of its F-150 truck was attributed to a number of factors, including competition among manufacturers, an oversupply of vehicles, and confusion about federal tax credits. But it also showed how a gradual return to pre-pandemic norms offers the…
