LONDON (Reuters) – Emerging markets may well appear cheap again after years of attrition, but there’s considerable trepidation about venturing back out to the developing world until the financial and political storms have finally lifted. Global investors have tiptoed back into emerging assets over the past six weeks at least partly on hopes that the […]
Those looking for when the next financial crisis might be should set a reminder for Jan. 1, 2018. That’s when a host of new rules are scheduled to come into force that are likely to further constrain lending ability and prompt banks to only advance money to the best borrowers, which could accelerate bankruptcies worldwide. As […]
Here’s yet another divide in America: Big money investors love bank stocks, while regular Joes invest in tech companies. The top stock pick of hedge funds? Wells Fargo (WFC). That’s according to an analysis of the 250 most prominent hedge funds by TipRanks, a startup that tracks what analysts and gurus say about stocks. Fans […]
Mario Draghi is having no success convincing stock investors that the European Central Bank has the firepower to reignite growth. While all economists in a Bloomberg survey expect the central bank to cut interest rates when policy makers meet Thursday, and 73 percent project them to boost the amount of money put into the financial […]
China’s exports contracted sharply last month, deepening worries over slowing growth in the world’s second-largest economy. February exports shrank 20.6% from a year earlier to 821.8 billion yuan ($126 billion), according to data from China’s General Administration of Customs. That’s a steeper drop than the 6.6% contraction the previous month. China’s economy is now registering […]
Mario Draghi is about to attempt his 11th round in the European Central Bank’s epic fight against the threat of deflation. The ECB president and his colleagues have unleashed significant stimulus to reignite price growth in the euro zone at 10 of the 47 monetary-policy meetings since he took the helm, only to see the region slapped […]
A global equities rally gathered momentum in Asian trading and emerging-market currencies strengthened as economic data from the U.S. and Australia spurred risk-taking. Copper rose and gold fell. Benchmark share gauges jumped more than 3 percent in China, Hong Kong and Japan, while the Stoxx Europe 600 Index climbed for a fifth day. Australia’s dollar […]
“OVERSUPPLY is a global problem and a global problem requires collaborative efforts by all countries.” Those defiant words were uttered by Gao Hucheng, China’s minister of commerce, at a press conference held on February 23rd in Beijing. Mr Gao was responding to the worldwide backlash against the rising tide of Chinese industrial exports, by suggesting […]
Iran will push forward with plans to pump an additional one million barrels of oil per day into an already oversupplied global market, a senior Iranian oil official told CNN in an exclusive interview. “Iran is not the cause for this turmoil,” Deputy Oil Minister Amir Hossein Zamaninia told CNN’s Fred Pleitgen on Sunday, referring […]
Investors are worried about the possible economic fallout of a decision to leave, the odds of which rose after the high profile mayor of London said he would campaign for the so-called Brexit. The pound fell against all major currencies on Monday morning. It was down 2% against the dollar to $1.41, the lowest since […]