Stocks make recovery bid, hemmed in by weakening world economy
World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China.
EXCLUSIVE Barclays seeks entry into China’s $4.3 tln asset management market -sources
Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its footprint in the world’s second-largest economy.
Kremlin rejects Russian default, says bond payments executed
The Kremlin on Monday rejected claims that it has defaulted on its external debt for the first time in more than a century, after a grace period on $100 million interest payments ran out.
Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources
Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.
Stocks and oil tumble as recession fears mount
World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar.
Crypto industry fears contagion as bitcoin slips under $20,000
The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.
EXCLUSIVE Ontario Teachers to invest up to $1 bln in Macquarie offshore wind unit
Major Canadian pension fund Ontario Teachers’ Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia’s Macquarie Group Ltd (MQG.AX) to develop projects around the world, the companies told Reuters on Thursday.
EU unlikely to cut Russia off SWIFT for now, sources say
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
Japanese banks sound caution for earnings as Omicron highlights bad loan risks
Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a resurgent pandemic could trigger more bad loans.
Countdown to central bank meetings caps stocks’ advance
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation.
