Euro zone business activity contracts in June
LONDON, July 5 (Reuters) - Euro zone business activity slipped into contractionary territory last month in a broad-based downturn across...
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Analysis: Why a $1.5 trillion source of corporate financing is choking on higher rates
CLO issuance down 41% in H1 vs same time last yearFunding lifeline for junk-rated borrowers shrinkingInvestors demand higher premiumLONDON, July 5 (Reuters) - A financial stream that helped fund the world's riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty.The pace of issuance of so-called collateralised loan obligations (CLOs), which bundle loans of the weakest corporates and repackage them as bonds, has stalled.Specialist asset managers minted CLOs worth more...
Bank of England warns lenders over private equity, commodities exposure
LONDON, July 3 (Reuters) - The Bank of England said on Monday that banks may be underestimating their exposure to...
Morning Bid: Second-half lift, Tesla beat
A look at the day ahead in U.S. and global markets from Mike DolanA holiday-staggered week for U.S. markets looks...
Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillion
Apple passes $3 trln market capNasdaq composite has biggest first-half gain since 1983,Nasdaq 100 has record first half increasePCE index...
Yellen sees strong job market, lower inflation, even as US economy cools
U.S. Treasury Secretary Janet Yellen speaks during a joint press conference with Kristalina Georgieva, Managing Director of the International Monetary...
Analysis: Dutch pension fund reform spells investment rethink
EU's top pension industry moving to defined contributionNew model allows for riskier investments - fund managersABN AMRO: 140 bln euros...
London stocks fall as utilities drag; Serco gains
De La Rue up after retaining annual profit forecastSerco gains on upbeat outlookBoE's Silvana Tenreyro to speak later in the...
Squeezed UK households tap into savings at record pace
LONDON, June 29 (Reuters) - British households withdrew money from their savings in May at a record pace as a...
EU lawmaker proposes ditching mandatory euro derivatives clearing quotas for now
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File PhotoLONDON, June 28...
