By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA su[...]
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January 17, 2023
UK lenders tighten eligibility criteria amid cost of living crunch, Experian says
By Sinchita Mitra (Reuters) -Britain’s lenders are tightening eligibility criteria amid rising interest rates and a cost of living crisis, but demand for borrowing remains elevated, credit data[...]
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European shares slip as China data rekindles economic worries
By Bansari Mayur Kamdar and Ankika Biswas (Reuters) – European shares slipped on Tuesday, taking a breather from their sharp rally since the start of this year, after China posted its weakest an[...]
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China’s 2022 economic growth one of the worst on record, post-pandemic policy faces test
By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China’s economic growth in 2022 slumped to one of its worst levels in nearly half a century as the fourth quarter was hit hard by strict CO[...]
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Hedge fund manager Boaz Weinstein bets market is wrong on Credit Suisse
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the derivatives trade he has on the bank may w[...]
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Russia’s central bank sold $47 million worth of Chinese yuan on Jan. 13
(Reuters) – Russia’s central bank said on Tuesday that it sold almost $47 million worth of Chinese yuan on January 13 to buy roubles, as it began to make up for the budget shortfall from f[...]
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Stellantis, Vulcan Energy to develop renewable energy assets in Germany
(Reuters) – Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at[...]
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State Street CEO says had no idea about leverage in LDI funds
LONDON (Reuters) -State Street said on Tuesday it was unaware how much leverage was tied up in liability-driven investment (LDI) funds which came under extreme stress last year after British governmen[...]
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TUI boss: we are open to a big shareholder
BERLIN (Reuters) – Tourism company TUI is open to a new major shareholder after Russian billionaire Alexey Mordashov has been sidelined by European Union sanctions over Moscow’s invasion o[...]
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