(Reuters) – U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve’s policy decisio[...]
Read more
June 14, 2024
Microsoft to invest $7.16 billion in new data centres in northeastern Spain
MADRID (Reuters) – Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud comput[...]
Read more
Global equity funds faced huge outflows on caution ahead of Fed meet
(Reuters) – Global equity funds suffered sharp outflows in the seven days to June 12 as investors cautiously took out money ahead of a key U.S. inflation report and Federal Reserve policy decisi[...]
Read more
Analysis-Pakistan’s tax-heavy budget likely to land IMF bailout, but stoke tensions
By Ariba Shahid ISLAMABAD (Reuters) – Pakistan’s plan to raise taxes in its 2024-25 budget and boost state revenues will help it win approval from the International Monetary Fund for a loa[...]
Read more
China new bank loans rise far less than expected in May as demand wobbles
By Ellen Zhang and Kevin Yao BEIJING (Reuters) – New bank lending in China rebounded far less than expected in May and some key money gauges hit record lows, suggesting the world’s second-[...]
Read more
Target’s renewed private-label push fails to stem market share drop
By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its product[...]
Read more
Morning Bid: Consumer check, but don’t forget France and Japan
(Reuters) – A look at the day ahead in U.S. and global markets by Alun John. How U.S. consumers are feeling is the question for today, though it could be one of those relatively rare occasions w[...]
Read more
Bank of Japan to trim bond buying, keeps rates steady
By Leika Kihara TOKYO (Reuters) -The Bank of Japan said on Friday it would start trimming its huge bond purchases and announce a detailed plan next month on reducing its nearly $5 trillion balance she[...]
Read more
Evergrande liquidation law firm probing PwC, others for potential claims, sources say
By Xie Yu HONG KONG (Reuters) -Lawyers appointed by the liquidators of China Evergrande Group are investigating some of the property developer’s service providers including its former auditor Pr[...]
Read more