A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch/File Photo Acquire Licensing Rights TSX ends down 0.8% at 19,020.92 Canadian 10-year yield posts a 16-year high Real estate sector falls 1.9% Technology ends 1.7% lower Oct 3 (Reuters) – Canada’s main …
Read More »Most Gulf markets end higher; Saudi, Egypt extend losses
An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo Acquire Licensing Rights Oct 3 (Reuters) – Most stock markets in the Gulf ended higher on Tuesday, despite concerns over higher-for-longer U.S interest rates, …
Read More »The crypto market bears the scars of FTX’s collapse
Oct 3 (Reuters) – The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. Sam Bankman-Fried, the former CEO of FTX, stands trial in New York …
Read More »Hedge funds see Mexico and Ecuador as China alternatives
LONDON, Oct 3 (Reuters) – Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China. Turmoil in China’s property sector has rattled world markets and hurt the outlook for the world’s No. 2 economy. Many U.S.-based hedge fund investors have cut their exposure …
Read More »Carlyle pulls back from US consumer bets as part of strategic overhaul -source
Oct 2 (Reuters) – Private equity firm Carlyle Group (CG.O) plans to pull back from investing in U.S.-based consumer, media and retail companies as it looks to focus on other key sectors such as technology and financial services, according to a person familiar with the matter. In a memo sent …
Read More »Morning Bid: New quarter, same old market dynamics
A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights Oct 3 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Yet another surge …
Read More »France reluctant to delay Brexit tariffs on UK-EU electric cars – sources
Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights PARIS, Oct 2 (Reuters) – France is reluctant to delay post-Brexit tariffs that are set to hit electric vehicles traded between Britain and the European Union, French government …
Read More »Hedge funds using computers to sell up to $30 billion of stocks soon – UBS
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights LONDON, Oct 2 (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two …
Read More »China’s Chery takes aim at Europe with SUVs from three car brands
A car logo of Chinese automobile manufacturer Chery seen at a dealership in Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File Photo Acquire Licensing Rights LONDON, Oct 2 (Reuters) – Chinese automaker Chery Automobile (CHERY.UL) will launch SUV models from three car brands in Europe over the next two years and …
Read More »How China-West tensions will shape global markets
LONDON, Oct 2 (Reuters) – Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets are significant, with Washington and Beijing’s determination to loosen dependence on each other fraying long-established supply chains. That could help keep inflation …
Read More »