By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing almost half” of the fund[...]
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February 20, 2023
G20 watchdog says commodity market concentration poses threat to wider economy
By Huw Jones LONDON (Reuters) – The pandemic and war in Ukraine highlighted weaknesses in commodity markets where a ‘significant’ concentration of firms, banks, exchanges and clearin[...]
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At job fairs in China, employers are thrifty and applicants timid
By Ellen Zhang and Florence Lo BEIJING (Reuters) – China’s job fairs are making a comeback after being forced online by COVID-19 for three years, but subdued wages and less abundant offeri[...]
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U.S. sanctions authority probes Raiffeisen on Russia
By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank Internati[...]
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Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year. Ghostine has be[...]
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Marketmind: Up, up and away
A look at the day ahead in European and global markets from Anshuman Daga Asian shares edged up from their lowest levels in about one month but trading was slow ahead of minutes of the last Federal Re[...]
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Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough[...]
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U.S. IPO pick-up offers hope of market re-open
(This Feb. 17 story has been corrected to fix SoftBank Group’s Reuters Instrument Code in paragraph 4.) By Echo Wang NEW YORK (Reuters) – Is the IPO winter finally easing? A year after Rus[...]
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China’s mortgage rate cuts spur prepayment rush, threaten bank earnings
By Ziyi Tang, Liangping Gao and Ryan Woo BEIJING (Reuters) -China has been cutting mortgage rates since last year to boost sales in its moribund property market, but the main result so far has simply[...]
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