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Top StoriesUkraine Warns of New Russian Offensive; Sweden, Finland Move Closer to Joining NATO
Top StoriesRussian Pullout Must Precede Any Dialogue, Says Ukraine
Top StoriesYen Set for Biggest Run of Gains in More Than 2 Years
InvestingStocks and Bond Yields Fall on Taiwan Tensions
Global Thematic Funds See Big Outflows as Growth Stocks Falter
Date: August 1, 2022
By Patturaja Murugaboopathy (Reuters) – Global thematic funds are facing heavy outflows this year as investors’ fascination fade with such assets, most of which are closely correlated with economic growth. Investors had piled into such funds over the past couple of years as they allocated money to high-growth sectors and stocks tied to trending themes...
U.S. Stocks Waver, Crude Plummets as Weak Data Fuels Recession Fears
Date: August 1, 2022
By Stephen Culp NEW YORK (Reuters) – Wall Street see-sawed and crude prices plunged on Monday as world factory data showed demand weakening under inflation pressures, while the looming possibility of recession curbed risk appetite. All three major U.S. indexes were modestly higher on the first day of August, coming on the heels of the...
Gold Investors Face Bind Over Bars From Tarnished Russia
Date: August 1, 2022
By Peter Hobson LONDON (Reuters) – Some investors want Russian gold off their books but it’s not that easy to remove. A de facto ban on Russian bullion minted after Moscow’s invasion of Ukraine — instigated by the London market in early March — does not apply to hundreds of tonnes of gold that has...
Swiss National Bank Posts Record H1 Loss, Says No Policy Impact
Date: July 29, 2022
By John Revill ZURICH (Reuters) -The Swiss National Bank reported a first-half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six-month loss since the central bank was founded in 1907. Stock market declines, falling bond prices and the franc’s appreciation severely dented the value of its massive foreign currency holdings. The...
No Deal With U.S. Yet on Griner Swap for ‘Merchant of Death’ Arms Dealer -Russia
Date: July 28, 2022
By Guy Faulconbridge and Mark Trevelyan LONDON (Reuters) -Russia on Thursday said there was no deal yet with the United States on swapping detained U.S. basketball star Brittney Griner and a former marine for a jailed Russian cast by prosecutors as one of the world’s most prolific arms dealers. Secretary of State Antony Blinken said...
Russian Rouble Dives to Over 2-week Lows as Tax Period Ends
Date: July 28, 2022
MOSCOW (Reuters) -The Russian rouble gave up early gains on Thursday to plunge to over two-week lows in volatile trade, pressured by the end of a favourable tax period and by expectations the government may try to curb the currency’s recent strengthening. Thursday marks the deadline for income tax payments that help support the rouble....