LONDON (Reuters) – Investors pumped money into stocks and siphoned funds out of bonds and cash as global markets braced for higher interest rates, BofA’s weekly flow show report showed on Friday. In the first 13 trading days...
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Analysis-A handbook of (mostly failed) radical inflation-fighting efforts
By Marc Jones and Rodrigo Campos LONDON/NEW YORK (Reuters) – More governments are seeking ways to prevent surging inflation whipping up economic trouble – and even public unrest – without raising interest rates. But as...
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U.S. attorney general to meet with Boeing 737 MAX crash victims’ relatives
By David Shepardson WASHINGTON (Reuters) – U.S. Attorney General Merrick Garland plans to meet with relatives and lawyers of victims of fatal Boeing 737 MAX crashes after some challenged a deferred prosecution agreement struck with...
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Global hedge fund industry assets top $4 trillion for the first time
LONDON (Reuters) – Assets under management at global hedge funds topped $4 trillion for the first time ever at the end of 2021, as the prospect of rising interest rates combined with the pandemic made for a volatile end of the year,...
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World Bank chief takes swipe at Microsoft’s $69 billion gaming deal as poor countries struggle
By David Lawder WASHINGTON (Reuters) – World Bank President David Malpass on Wednesday criticized Microsoft’s $69 billion takeover of gaming developer Activision Blizzard as a questionable allocation of capital at a time when...
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Oracle opens data centre to provide cloud services across Africa
By Supantha Mukherjee and Promit Mukherjee STOCKHOLM/JOHANNESBURG (Reuters) – Oracle opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first time, joining the likes of Microsoft...
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