Foreigners add $19.2 billion to EM portfolios in November, IIF says
By Rodrigo Campos (Reuters) – Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November,…
Global equity funds see robust weekly inflows on hopes of Fed rate cut
(Reuters) – Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a…
Malaysian workers’ lawsuit against Dyson revived by UK court
LONDON (Reuters) – Two dozen migrant workers who allege they were subjected to forced labour at a Malaysian factory while…
Factbox-Big banks expect a quarter-point cut for ECB’s first meeting of 2025
(Reuters) – Major brokerages including Bank of America, Goldman Sachs and Citigroup (NYSE:C) expect the European Central bank to cut…
Bank of Italy cuts growth forecasts for 2024 and 2025
The Bank of Italy has revised its growth projections for the country’s economy, now expecting a 0.7% expansion for both…
Italy to grow by 0.7% this year and next as outlook weakens, central bank says
MILAN (Reuters) – The Italian economy will expand by 0.7% both this year and next, the country’s central bank said…
S&P, Nasdaq take breather as markets assess economic data
By Purvi Agarwal and Shashwat Chauhan (Reuters) – The S&P 500 and the Nasdaq slipped on Thursday after ending the…
US watchdog caps bank overdraft fees over industry objection
(Reuters) -The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for…
US bank profits dip in third quarter, but interest income up – FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion,…
Lagarde comments at ECB press conference
FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept…