U.S.-based stock funds pulled in $11.8 billion in the week ended Dec. 28, data from Lipper showed on Thursday, ending 2016 with an enthusiasm for stocks that had been lacking for the better part of the year. More »
U.S.-based stock funds posted $21.6 billion in withdrawals during the latest week, Lipper data showed on Thursday, adding to a trend of outflows from actively managed mutual funds that has lasted much of the year. More »
Investors piled into stock exchange-traded funds at the fastest pace since their record-setting haul following the U.S. presidential election, Lipper said on Thursday, as policymakers raised interest rates. More »
Indian generic drugmaker Laurus Labs Ltd’s shares rose as much as 16.36 percent on their market debut on Monday after the company’s initial public offering raised $196.6 million. More »
Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fu... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is ready to t... More »
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest ... More »
The rout in world bond markets gathered pace in the past week, making November a watershed month for fund flows as bond funds chalked up their heaviest outflows in three and a half years, Bank of America Merrill Lynch said on Friday. More »
German Finance Minister Wolfgang Schaeuble takes questions from reporters during a press conference with Chinese Finance Minister Lou Jiwei (not pictured) at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawle... More »
Investors pulled more money from U.S.-based bond funds during the latest week, Lipper data showed on Friday, adding to an onslaught following the U.S. presidential election. More »
New Zealand’s Prime Minister John Key (L) gestures as he shares a laugh with China’s Premier Li Keqiang during a signing ceremony at the Great Hall of the People in Beijing, China, April 18, 2016. REUTERS/Parker Song/Pool China and New Zealand have agreed to s... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is talking to... More »
European Central Bank Vice President Vitor Constancio speaks during a Reuters Newsmaker event in New York February 19, 2016. REUTERS/Brendan McDermid The European Central Bank does not need to react to recent sharp increase in sovereign bond yields as post-ele... More »
Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the U.S. banking system, increasing risks for them, the United Arab Emirates’ central bank governor warned on Monday. More »
The Saudi Arabian central bank hopes interbank money rates SAIBOR= continue to fall, central bank governor Ahmed al-Kholifey told a news conference on Monday. More »
The euro zone economy is on a solid run, with a string of good data pointing to a consumption-led recovery, but investment is still lagging so it is far from clear if forecasts need to be revised, ECB policymaker Yannis Stournaras said. More »
Investors in U.S.-based funds poured $1 billion into inflation-protected bond funds in the week ended Nov. 9, marking the funds’ second-biggest inflows since records began in October 2002, data from Thomson Reuters’ Lipper service showed on Thursday. More »
Logo of Swiss PostFinance bank is seen at a branch in Zurich, Switzerland August 22, 2016 REUTERS/Arnd Wiegmann Swiss bank PostFinance [PFAG.UL] will start charging private customers for holding deposits of more than 1 million Swiss francs ($1 million), it sai... More »
Shoppers ride an escalator at a Target Store in Chicago, November 25, 201. REUTERS/John Gress The U.S. economy is on track to grow at a 3.1 percent annualized pace in the fourth quarter due to expected stronger consumer spending and equipment investments as we... More »
Pedestrians walk past the headquarters of the European Central Bank (ECB) in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in ... More »
A Chinook helicopter flies over the Bank of England in the City of London, Britain, November 3, 2016. REUTERS/Peter Nicholls The Bank of England scrapped plans to cut interest rates and said they could move in either direction as it ramped up its forecasts for... More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – RTSNWHN Just as memories of the financial crisis are fading and tough new banking regulations are beginning ... More »
U.S.-based bond funds charged back into the good graces of investors during the latest week, attracting $3.4 billion, Lipper data showed on Thursday. More »
The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji South Korea’s central bank is forecast to keep interest rate policy on hold on Thursday as board members weigh the risks from household d... More »
European Central Bank (ECB) President Mario Draghi leaves an elevator after a meeting with German lawmakers in Berlin, Germany, September 28, 2016. REUTERS/Axel Schmidt Euro zone inflation could approach the ECB’s target by late 2018 or early 2019 and so far t... More »
U.S. fund manager Franklin Templeton said on Monday it was launching a new global currency fund headed by its star bond investor Michael Hasenstab and one of his chief lieutenants. More »
Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), attends a Lamfalussy Lectures Conference in Budapest, Hungary, February 1, 2016. REUTERS/Laszlo Balogh The euro zone risks falling into a trap of low growth and low interest rates... More »
European Central Bank (ECB) President Mario Draghi waits to address the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium, June 21, 2016. REUTERS/Francois Lenoir/File Photo Economic imbalances within the euro zone risk destabil... More »
Yves Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt, January 13, 2014. REUTERS/Ralph Orlowski European regulators must tel... More »
A staff member is seen at Alibaba Group’s new data centre in Zhangbei, Hebei province, China September 11, 2016. China Daily/via REUTERS Strong comments from China’s top state planner that the economy needed more support was most likely aimed at persuading the... More »
Bank of England Deputy Governor Minouche Shafik speaks during the bank’s quarterly inflation report news conference at the Bank of England in London August 13, 2014. REUTERS/Suzanne Plunkett Bank of England deputy governor Minouche Shafik will step down at the... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. REUTERS/Brendan McDermid U.S. fund investors are bolstering their bets that the Federal Reserve will bypass an interest-rate increase later this month by p... More »
Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »
The Bank of America building is shown in Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo – RTSIJL2 Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their ba... More »
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 30, 2016. REUTERS/Lucas Jackson The party looked to be waning for some popular investments in the latest week, with investors trimming expo... More »
A picture illustration of crumpled kuna, Dollar and euro banknotes, taken in Zagreb January 18, 2011. REUTERS/Nikola Solic Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a t... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 23, 2016. REUTERS/Brendan McDermid Investors trimmed risk assets before a gathering of central bankers on Friday, pulling $6.4 billion from U.S.-based stock funds in... More »
TOKYO Japan’s Ministry of Finance is negotiating with the country’s major banks to lend to the government at a zero interest rate in auctions beginning in October or November, a government official familiar with the procedure said on Monday. The government has... More »
By Leika Kihara | TOKYO TOKYO The Bank of Japan’s policy review could put up for debate its target for expanding base money through massive asset purchases, sources say, but the challenge would be to avoid spooking bond markets used to years of unprecedented b... More »
NEW YORK The U.S. economy is on track to grow at a 3.5 percent annualized rate in the third quarter following weaker-than-expected data on retail sales in July, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday. The latest third-quarter GDP... More »
By Trevor Hunnicutt | NEW YORK NEW YORK Investors reversed course and poured money into even the riskiest bonds in the latest week, for inflows into U.S.-based high-yield bond funds of $1.7 billion after two straight weeks of outflows, Lipper data showed on Th... More »
LONDON Economists from the International Monetary Fund have urged the European Central Bank to concentrate on asset purchases rather than cutting its already negative interest rates again, if it needs to stimulate the euro zone economy again. A blog published ... More »
LONDON The Bank of England looks ready to cut interest rates for the first time since 2009 on Thursday, seeking to stop Britain’s vote to leave the European Union from kicking the country into recession. It may even go a step further and pump billions of pound... More »
NUSA DUA, Indonesia The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fadin... More »
SINGAPORE Singapore’s central bank said it will enhance controls against money laundering and take swift action against banks following damaging findings that financial institutions in the city-state handled money flows linked to Malaysian state fund 1MDB. “Th... More »
NEW YORK U.S. interest rates futures fell on Friday but traders still saw less than a 50 percent probability the Federal Reserve would raise interest policy rates by year-end amid concerns about the global economy and possible stimuli from overseas central ban... More »
FRANKFURT The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi... More »
NEW YORK A BlackRock exchange-traded fund that tracks long-dated U.S. Treasuries was poised for its biggest weekly loss in 13 months as a rebound in stock markets worldwide stoked a sharp sell-off in U.S. government debt. BlackRock’s iShares 20-Plus Year Treas... More »
SYDNEY A change in interest rates will be on the table at every meeting of the Federal Reserve, but the timing of any move will depend on how the economy performs, a top Fed official said on Wednesday. Answering questions after a speech in Sydney, Federal Rese... More »
NEW YORK J.P. Morgan expects the Federal Reserve would raise U.S. interest rates at its December policy meeting, three months later than its earlier call for such a move, in the wake of Thursday’s Brexit vote that stunned investors, a J.P. Morgan economist sai... More »
FRANKFURT The European Central Bank is planning to give euro zone banks non-binding guidance by the end of 2016 or early 2017 to cut their bad debt pile, raising the heat on lenders but not forcing their hand, sources said. The ECB, which supervises 129 of the... More »
NEW YORK U.S. money market mutual funds have reduced their exposure to short-term British bank debt ahead of the June 23 referendum on whether Britain would stay in the European Union, J.P. Morgan Securities said on Monday. At the end of May, the prime money f... More »
OTTAWA Governments and central banks need a certain amount of coordination so they can discuss policies and consider the implications on debt levels and financial stability over the medium-term, Bank of Canada Governor Stephen Poloz said on Saturday. One good ... More »
LONDON Investors withdrew $7.3 billion from stocks in the week to April 20, the largest outflows in nine weeks, while continuing to shovel money into corporate and emerging market debt, Bank of America Merrill Lynch (BAML) (BAC.N) said on Friday. The equity re... More »
FRANKFURT Almost a month after stoking a divisive debate about how far it should go in pumping money into the flagging euro zone economy, the European Central Bank is trying to soothe relations with Germany after unusually strong criticism from Berlin. Late la... More »
NEW YORK Exchange-traded fund investors showed continued confidence in U.S. markets, delivering stock ETFs based in the country $3.5 billion and their sixth straight week of net new cash during the latest week, Lipper data showed on Thursday. Stock mutual fund... More »
NOTTINGHAM, England The Bank of England (BoE) is still more likely to raise interest rates than to cut them over the next two years, but it has plenty of scope to stimulate the economy if needed, one of the bank’s policymakers said on Tuesday. Martin Weale, in... More »
TORONTO Prem Watsa, the head of Fairfax Financial Holdings (FFH.TO) and a well known contrarian investor, said on Friday he is concerned about the global economy, pointing to record low bond yields and limited policy levers left in the hands of central bankers... More »
SYDNEY January updates on Asia’s mammoth factory sector released on Monday showed the new year began much as the old one ended – with too much capacity chasing too little demand. China was again the epicentre of disappointment as its official measure of manufa... More »
NEW YORK BlackRock Inc said on Friday it will change the benchmarks on four iShares Treasury exchange-traded funds (ETFs) from Barclays’ Treasury bond indexes to ICE’s Treasury bond indexes, effective on or after March 31. The four iShares ETFs affected by the... More »
TOKYO Bank of Japan policymakers would prefer to hold back additional monetary easing at their meeting on Friday, people familiar with the central bank’s thinking say, though global market volatility could yet force their hand. Even as slumping oil prices and ... More »
WASHINGTON The Federal Reserve is expected to leave interest rates unchanged on Wednesday and acknowledge that turmoil in financial markets threatens its upbeat view of the U.S. economy, leaving the chances of a March hike diminished but alive. All 69 analysts... More »
FRANKFURT The European Central Bank will keep monetary policy easy for as long as necessary in light of risks such as slower growth in emerging economies, its chief economist said in an interview with a Belgian newspaper. The ECB cut its deposit rate earlier t... More »
BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »
FRANKFURT The European Central Bank looks set to continue to support the economy as the euro zone’s upswing broadens and strengthens, Eurogroup chief Jeroen Dijsselbloem said on Thursday. “The ECB has been accommodative … supportive for the economic recovery a... More »
FRANKFURT European Central Bank President Mario Draghi called on Thursday for euro zone member states to do more to improve the economy. Saying that the ECB’s easy monetary policy has been “a success”, Draghi said there nonetheless needed to be more. “Actions ... More »
LONDON The U.S. Federal Reserve and European Central Bank are expected to deliver sharply contrasting policy decisions next month, reflecting how the world’s two largest economies have moved from the Great Recession to the Great Divide. The U.S. and euro zone ... More »
FRANKFURT The European Central Bank is ready to act quickly to boost anemic inflation in the euro zone, its president said on Friday, offering the strongest hint yet that the bank will unveil fresh stimulus measures at its Dec. 3 meeting. Mario Draghi highligh... More »
WARSAWPolish election winner, the conservative Law and Justice (PiS) party, plans to present the composition of the new cabinet at about 1230 GMT (0730 ET), the party’s spokeswoman Elzbieta Witek said on Monday. The party called earlier on Monday a news confer... More »
FRANKFURT U.S. rate hikes could have greater global repercussions than in the past and affect the euro zone more in some respects than the domestic market, European Central Bank Vice President Vitor Constancio said on Thursday. A Federal Reserve rate rise woul... More »
MUMBAI The Reserve Bank of India is expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom. ... More »
LONDON A year after Mario Draghi said European Central Bank interest rates had reached bottom, euro zone money markets are discounting a fair chance they could be lowered again – regardless of rising interest rates across the Atlantic. The low bank-to-bank len... More »
LONDON Concerns over the world’s major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of International Settlements said on Sunday. After a month of turmoil for stocks and commodi... More »
LONDON Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus from emerging... More »
FRANKFURT Economic growth in the euro zone is still too weak to create a sufficient number of jobs, European Central Bank Executive Board member Benoit Coeure told a French newspaper group EBRA on Friday. “Growth is still not strong enough to create a sufficie... More »
BNY Mellon Corp (BK.N) expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. The resolution of the issue, which affected the calculation of billions of ... More »
NEW YORK Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move. In over-the-counter trading, overnight ind... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
WASHINGTON Republican presidential candidate Donald Trump on Tuesday said China’s devaluation of the yuan would be “devastating” for the United States. “They’re just destroying us,” the billionaire businessman, a long-time critic of China’s currency policy, sa... More »
NEW YORK Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Fr... More »
