Global equity funds see fifth consecutive weekly outflow amid rising bond yields
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 20 (Reuters)...
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Banks call for clarity on Britain’s investment path to net-zero economy
A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsUK Finance issues series of policy recommendationsFirst major position paper on net-zero transitionSays UK needs a stable policy environmentLONDON, Oct 20 (Reuters) - Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, banking industry body UK Finance said.In its first major position paper on...
Wall St ends lower on Powell remarks as benchmark Treasury yields near 5%
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023....
M&G to shut flagship retail property fund, citing weakened investor demand
M&G plc logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1,...
EU funds selling in Britain face new rules from April
European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
Banks report continued pain on commercial real estate loans
The front of an office building is seen in New York City, U.S., July 7, 2023. REUTERS/Amr Alfiky/File photo Acquire...
Morgan Stanley profit down with lower investment banking revenue, shares tank
People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 18 (Reuters) - Morgan Stanley's (MS.N) third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to the wealth management division and the lack of announcements in the CEO succession.The bank saw a 27% drop in investment banking revenues from a year earlier and sluggish trading as dealflow took a hit when geopolitical...
Roaring US economy and foreign murk feeds home bias
LONDON, Oct 18 (Reuters) - With the U.S. economy roaring at a faster pace than China and global politics increasingly hard to fathom, there's a feeling the best bet in town is to stick with U.S. stocks regardless of relative valuations.After another forecast-busting U.S. retail and industrial readings for last month, the Atlanta Federal Reserve's real-time economic growth estimate hit an annualised 5.4%, more than a point higher than China's equivalent.And all against a murkier international backdrop.The Gaza crisis throws yet another geopolitical imponderable into an already crowded and confusing...
Crypto giant Binance’s US affiliate halts direct dollar withdrawals
Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8,...
BofA profit beats estimates on higher interest income, investment banking gains
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bank of America (BAC.N) beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from a better-than-expected performance of its investment banking and trading divisions.The U.S. economy has shown resilience despite rising interest rates as a hot job market and healthy finances prompt consumers to spend on goods, travel...