investing
Investing
Exclusive-Bowing to investor demand, funds ramp up ex- China emerging market strategies
Investing
European shares struggle for momentum on inflation worries, central bank moves awaited
Investing
Oil falls on China COVID curbs and weak factory data
Investing
OPEC raises long-term oil demand view, calls for investment
French economy ekes out meagre growth in Q3, inflation hits record high
Date: October 28, 2022
By Richard Lough PARIS (Reuters) – France’s economy eked out meagre growth in the third quarter as household spending stagnated and a sharp jump in inflation in October signalled headwinds looming in the final quarter of the year. France’s economy grew 0.2% in the July-September period, in line with market expectations, preliminary data from the...
NatWest shares plunge after warning on rising costs
Date: October 28, 2022
By Iain Withers and Lawrence White LONDON (Reuters) -NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions. Britain’s economy is facing recession at a time when...
OPEC expected to stick to view of long-term oil demand rise
Date: October 28, 2022
By Alex Lawler LONDON (Reuters) – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said. The Organization of the Petroleum Exporting Countries is scheduled to...
Tech wipeout woes offset central bank pivot hopes
Date: October 28, 2022
By Marc Jones LONDON (Reuters) – World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the U.S. economy is not in recession. European shares and Wall Street futures...
Global equity funds receive inflows for first time in 10 weeks
Date: October 28, 2022
(Reuters) – Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown. According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week, after ditching them in...
Mastercard’s dim forecast clouds profit beat on travel demand
Date: October 27, 2022
By Niket Nishant and Manya Saini (Reuters) – Mastercard Inc on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue growth for the last three months of the year overshadowed an upbeat quarter for the U.S. card firm. Shares slipped 1% after the company said it expects...