Chinese economy loses strength with COVID-19 eruption, central bank cuts rates | Investment news

By Kevin Yao and Gabriel Crossley BEIJING (Reuters) – China’s economy rebounded in 2021 from the pandemic-induced crisis, helped by robust exports, but weak consumption at the end of the year and a slowdown in housing indicate a slowdown and the need for more political support. The central bank on Monday cut lending rates to … Read more

Citigroup’s findings show that restructuring has its costs

The Citi bank logo is pictured in an exhibition hall in Bangkok, Thailand on May 12, 2016. REUTERS / Athit Perawongmetha Register now for FREE unlimited access to Sign in Jan 14 (Reuters) – Citigroup Inc (CN) showed some of the financial bruises needed for its current restructuring, posting a 26% drop in fourth-quarter … Read more

Asian equities, dollar hunt as investors watch Fed policy

Pedestrians wearing face masks walk near an overpass with an electronic card showing stock information, following a coronavirus disease (COVID-19) outbreak, in Lujiazui Financial District in Shanghai, China, 17 March 2020. REUTERS / Aly Song Register now for FREE unlimited access to Sign in Asian equity markets: Nikkei down 0.9%, trading resumes after the … Read more

Equities fall further as the rise in US yield unnerves investors

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, January 10, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Sign in Global equities stumble as the more aggressive Fed is squinting 10-year US Treasury yield hits 1.8% Dollar stuck in range despite … Read more

The power of the Bitcoin network collapses as Kazakhstan’s crackdown hits cryptocurrency miners

Bitcoin’s “hashrate” drops after internet shuts down in Kazakhstan Country that accounted for 18% of bitcoin’s global output power in August The share has risen sharply after China’s crackdown Kazakhstan shuts down the internet after deadly protests LONDON, Jan. 6 (Reuters) – The bitcoin network’s global computing power dropped dramatically when Kazakhstan’s internet shutdown this … Read more

Inflation in Turkey Rises 36% Amidst the Lira Crisis, the Highest Since 2002 | Investment news

ISTANBUL (Reuters) – Turkey’s annual inflation rose much more than expected to 36.08% yoy in December, the highest since September 2002, data showed Monday reflecting a plunge in the lira’s value at the end of the year. last year. Month over month, consumer prices rose 13.58%, according to the Turkish Statistical Institute, compared to a … Read more

SWF and public pension fund assets hit a record $ 31.9 trillion – report

The Singapore sovereign wealth fund GIC Pte Ltd logo is seen on a building in Singapore on 6 July 2017. REUTERS / Darren Whiteside Register now for FREE unlimited access to Sign in LONDON, Jan. 1 (Reuters) – Assets held by world sovereign wealth and public pension funds rose to a record $ 31.9 … Read more

China’s December Factory Activity Likely Flat – Reuters Poll | Investment news

BEIJING (Reuters) – Chinese industrial activity likely did not grow or shrink in December, according to a Reuters poll, amid disruptions due to the COVID-19 outbreaks and as the economy lost momentum in the fourth quarter. The official manufacturing purchasing manager (PMI) index is expected to drop to 50 in December, from 50.1 in November, … Read more