In the Market: How US is daring the world to find a dollar alternative
June 10 (Reuters) – The United States is merrily chipping away at the pillars that hold up the dollar as the world’s […]
China’s $2.7 trillion stock rally lures global fund holdouts despite risks
NEW YORK – Global fund managers who had been holding back on China are wading back in. The MSCI China Index has climbed […]
Global equity funds rack up robust weekly inflows on rate cut bets
June 7 (Reuters) – Global investors returned to equity funds in the seven days to June 5, powered by optimism that major […]
Hong Kong stocks rise to 10-month highs after China’s property rescue measures
Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising […]
Hanesbrands to Sell Champion Brand for Up to $1.5 Billion
Hanesbrands HBI -0.94%decrease; red down pointing triangle has agreed to sell its embattled Champion sportswear business to Authentic Brands Group in a transaction valued at up to […]
Rate cuts will support recovery, ECB’s Rehn says
COPENHAGEN, June 7 (Reuters) – Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli […]
Banks say growing reliance on Big Tech for AI carries new risks
AMSTERDAM, June 7 (Reuters) – The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks […]
Azerbaijan hoping to cut emissions with $2 bln green energy investment
BAKU, June 5 (Reuters) – Azerbaijan is hoping to raise the share of renewables across its energy sector to almost a third […]
Demise of dollar’s FX reserve omnipotence greatly exaggerated: McGeever
ORLANDO, Florida, June 6 (Reuters) – After two decades of the dollar’s share of global foreign exchange reserves gradually eroding to less […]
TSMC-backed Vanguard and Dutch firm NXP to build $7.8 billion Singapore wafer plant
Taiwan Semiconductor Manufacturing Co.-backed Vanguard International Semiconductor Corporation and Dutch chip designer and manufacturer NXP Semiconductors will build a $7.8 billion wafer manufacturing plant in […]
Shares in Swiss bank EFG jump on renewed takeover speculation
ZURICH, June 6 (Reuters) – Shares in Swiss bank EFG International (EFGN.S), opens new tab rose by as much as 10% on Thursday fuelled […]
Project mBridge e-currency project involving Hong Kong, mainland China hits landmark
A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand and the United Arab Emirates has made a […]