Jittery markets see bond funds enjoy largest weekly inflows since Nov 2021

Photo for illustration. A man is silhouetted in an electronic board showing the FTSE MIB Index for the Italian equity market in this photo illustration taken in Rome August 9, 2011. REUTERS/Tony Gentile./File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 5 (Reuters) – Bond funds recorded their largest weekly inflow … Read more

Hong Kong central bank raises rates, warns of tighter interbank market

HONG KONG, July 28 (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2.75%, hours after the US Federal Reserve delivered a rate hike of the same margin. Hong Kong’s monetary policy moves in lock-step with that of the … Read more

Thai economy to improve further in H2 on consumption, tourism – c.bank

June exports +11.1% y/y; current account deficit at $1.9 billion Baht, regional currencies still on weakening trend No evidence of worrying capital movement yet BANGKOK, July 27 (Reuters) – Thailand’s economy improved in June and the momentum should continue into the second half thanks to increased tourism and domestic consumption as the pandemic curbs ease, … Read more

Hong Kong set for billions in inflows from Chinese companies’ listing upgrades

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 27 (Reuters) – Hong Kong is set to see billions of dollars flowing in from the mainland with more … Read more

Mexico sees $ 40 bln in US investment through 2024 amid business talks

US President Joe Biden meets with Mexican President Andres Manuel Lopez Obrador in the Oval Office of the White House in Washington, US, July 12, 2022. REUTERS/Kevin Lamarque Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 13 (Reuters) – U.S. companies plan to invest $ 40 billion in Mexico between now and … Read more

BlackRock cuts developed market stocks to underweight as economic outlook worsens

The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, US, May 25, 2021. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register LONDON, July 11 (Reuters) – Asset manager BlackRock said on Monday that it reduced its exposure to developed market equities given a … Read more

Inflation at 24-year high adds to strains in South Korea’s economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at the highest since the 1990s Asian financial crisis Foreign exchange reserves fell in June by … Read more

Nepal’s finance minister quits after parliament speaker orders probe

KATHMANDU, July 6 (Reuters) – Nepal’s Finance Minister Janardan Sharma resigned on Wednesday after the parliamentary speaker ordered an investigation into allegations of unauthorized changes in the budget. Opposition parties and some lawmakers of the ruling center-left alliance have accused Sharma of inviting “unauthorized persons” to make changes in the rate of some taxes in … Read more