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Top StoriesWorst Not Over for Em Currencies as U.S. Dollar Thunders On: Reuters Poll
Top StoriesPain of Breaking Inflation Will Reverberate Around the Globe
InvestingGlobal Equity Funds Attract Inflows for Second Week in a Row
Africa Is Paying a Serious Price for Russia’s War in Ukraine
Date: August 11, 2022
By Bryan Turner, Partner, Spear Capital When Russia invaded Ukraine in February, escalating a conflict that began in 2014, many feared that there would be global consequences. Some felt those consequences immediately – most notably the European countries dependent on Russian gas and oil for energy. As the war dragged on through the Northern Hemisphere...
Coca-Cola Hbc Flags One-Time $195 Million Hit From Russian Operations
Date: August 11, 2022
By Amna Karimi (Reuters) -Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co products in the country. The soft drinks bottler also reinstated its forecast for the...
Ukraine Faces Key Test on Debt Freeze Plan in Bid to Avoid Messy Default
Date: August 8, 2022
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Ukraine’s creditors vote this week on a government proposal to defer payments on the war-torn country’s international bonds for 24 months as Kyiv hopes to swerve a $20 billion messy default. Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide...
Global Cenbanks Lift Rates by Nearly 1,200 Bps in July
Date: August 3, 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multi-decade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most...
StanChart Cheers Investors With $500 Million Share Buyback, 19% Profit Jump
Date: July 29, 2022
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -Standard Chartered’s first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID outlook, pushing its shares 3.7% higher. The strong performance unveiled on Friday showed how some banks with a focus on Asia...
BBVA’s Q2 Profit Beats Forecasts on Mexico and Lending Income
Date: July 29, 2022
By Jesús Aguado MADRID (Reuters) – Spain’s BBVA on Friday said its second quarter net profit more than doubled from the same quarter of 2021 on a strong performance in income from lending and in its main market of Mexico, offsetting a downturn in Turkey. The country’s second biggest lender by market value booked a...