(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By Naomi Rovnick (Reuters) – A shakeout in financial markets triggered by central banks’ sudden move to abandon ultra-low interest rates has created a casualty money managers will not miss: TINA. The …
BEIJING (Reuters) – China’s industrial output is expected to have grown 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology (MIIT) said on Wednesday, despite production and logistics disruptions from COVID-19 curbs. The output of the manufacturing sector is estimated to have risen 3.1% last year, accounting for 28% of …
China’s 2022 industrial output expected to have grown 3.6% y/y Read More »
PARIS (Reuters) – Interest rate hikes by the European Central Bank will need to come at a “pragmatic pace” in the coming months, French ECB policymaker Francois Villeroy de Galhau said on Wednesday. After raising interest rates by 2.5 percentage points in five months, they had reached a level where they neither fuel inflation nor …
ECB’s Villeroy sees rate hikes at a ‘pragmatic pace’ in coming months Read More »
By Davide Barbuscia NEW YORK (Reuters) – BlackRock’s iShares exchange traded funds (ETFs) gained more net flows than Vanguard’s ETFs last year, according to estimates from industry tracker Morningstar, putting the world’s biggest asset manager in the lead for the first time since 2019. BlackRock and Vanguard are the world’s two biggest asset managers as …
BlackRock’s iShares flows top Vanguard’s ETFs, fixed income on the up Read More »
By Jarrett Renshaw MEXICO CITY (Reuters) -President Joe Biden said on Tuesday he was surprised to learn that classified documents were found in a think-tank office he once used and said he and his team are cooperating fully with a review into what happened. Biden told reporters at a joint news conference with the leaders …
Biden ‘surprised’ about finding of classified documents, vows cooperation Read More »
By Chris Taylor NEW YORK (Reuters) – When Lauren Hopkins snagged a gig in student affairs at Virginia Commonwealth University in Richmond, Virginia, she figured she knew whom to thank. After all, a close friend of hers was best buddies with the hiring manager. It had to be him, right? Nope. Turns out her “mystery …
Strength of ‘weak ties’: How casual contacts can boost your career Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits and reflect worries over an expected recession. Current market positioning signals a gloomy outlook: The one-month moving average of open puts on the Financial Select …
Analysis-With banks’ results on tap, options traders prepare for volatility Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Some hedge funds that bet on macroeconomic trends boasted eye-popping double and even triple digit gains for 2022, investors said, while other prominent firms that were long on technology stocks got clobbered with deep losses in volatile markets. Rokos Capital, run by Chris Rokos and one of a handful …
Macro hedge funds end 2022 on high, many others lose big, investors say Read More »
By Arriana McLymore and Deborah Mary Sophia (Reuters) -Bed Bath & Beyond Inc on Tuesday reported a much wider-than-expected quarterly loss and sales that plunged by a third, failing to halt the months-long cash burn that led to warnings of a possible bankruptcy. The home goods seller has been struggling with a dwindling cash pile …
Bed Bath & Beyond posts loss, sales slump, as bankruptcy threat looms Read More »
By Jorge Garcia LA CONCHITA, Calif. (Reuters) – The latest Pacific storm unleashed torrential downpours and damaging winds in California on Tuesday, knocking out power and turning city streets into rivers as mudslides cut off highways and entire communities faced evacuation orders. More than 33 million Californians were threatened by severe weather throughout the day …
Storms bring mudslides, evacuations to California with more rain forecast Read More »
