Wednesday, 28 Oct 2020

Economy

EMERGING MARKETS-EMEA stocks, FX muted as rising virus cases cloud economic outlook

* Turkish stocks outpace EMEA peers in Q2 * South African rand set to snap three-day losing streak * Russian markets to face pressure from U.S. sanctions threat By Ambar Warrick July 1 (Reuters) – Emerging markets in Europe, Middle East and Africa were subdued on Wednesday as investors weighed some improvement in economic data […]

PRESS DIGEST-British Business – July 1

July 1(Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – Senior Wirecard employees were linked to an opaque network of British companies associated with alleged money laundering. bit.ly/2BsCF6N – Nearly 2,000 UK-based flight […]

UPDATE 3-Italian yields hit lowest since March on economic recovery hopes

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts with latest prices) By Olga Cotaga LONDON, June 30 (Reuters) – Italian yields fell to their lowest since March on Tuesday as traders bet that stimulus from the European Central Bank was adequate protection against a second wave of coronavirus infections. Earlier in the day, yields […]

UPDATE 1-Brazil posts record budget deficit in May, will revise 2020 forecasts

(Adds detail, quote) By Jamie McGeever BRASILIA, June 29 (Reuters) – Brazil’s government reported a record budget deficit in May, the Treasury said on Monday, adding that official debt and deficit forecasts for this year will be revised to reflect the heavy toll on public finances from the COVID-19 crisis. With emergency spending to combat […]

Japan factory output slumps as economy sinks deeper in recession

TOKYO (REUTERS) – Japan’s industrial output fell for a fourth straight month in May to the lowest level since the global financial crisis, highlighting the widespread impact of the coronavirus on factory and overall business and consumer activity. The world’s third-largest economy is bracing for its worst postwar recession, hurt by coronavirus lockdown measures at […]

TREASURIES-Yields steady as risk appetite improves

CHICAGO, June 29 (Reuters) – U.S. Treasury yields hovered around the unchanged mark on Monday as stocks opened higher following last week’s selloff amid a surge in coronavirus cases. The benchmark 10-year yield was flat at 0.6381%. The global death toll from COVID-19 surpassed half a million people on Sunday, according to a Reuters tally, […]

UPDATE 1-Malawi names former insurance executive as finance minister

(Adds details, background) BLANTYRE, June 29 (Reuters) – Former insurance executive Felix Mlusu was named Malawi’s new finance minister on Monday, a week after a re-run presidential election that unseated the incumbent. Mlusu, 69, was managing director of Nico Holdings Plc – a listed financial firm with interests in insurance, banking and property management across […]

Top Lebanese negotiator with IMF to quit-report

BEIRUT, June 29 (Reuters) – A senior Lebanese finance ministry official who is part of a negotiating team with the International Monetary Fund will announce his resignation as director general of the ministry on Monday, Lebanese broadcaster al-Jadeed reported. Alain Bifani is due to hold a news conference later on Monday to announce his decision, […]

Vietnam's economy unexpectedly expands in Q2 amid Covid-19 outbreak

HANOI (BLOOMBERG) – Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the coronavirus pandemic. Gross domestic product rose 0.36 per cent from a year earlier, compared with a revised 3.68 per cent in the first quarter, the General Statistics Office […]