Marketmind: Forget China’s overbuilding fallout – it’s jobs, jobs and Fed
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. The court-ordered liquidation of debt-laden China Evergrande was expected and hardly rattled Asian investors aside from its bond…
Analysis-Evergrande crisis tests Beijing’s fallout management as creditor jitters mount
By Xie Yu and Clare Jim HONG KONG (Reuters) – As developer China Evergrande Group lurched from one crisis to another over the past two years, Beijing avoided directly intervening to rescue…
Analysis-Europe’s weaker economy limits fallout of US bond rout
By Yoruk Bahceli (Reuters) – A big selloff that pushed U.S. borrowing costs to 15-year highs left euro zone bonds relatively unscathed in August, reflecting investor bets the bloc’s economic growth and…
In the Market: Funds fret over the fallout of Biden’s China order
By Paritosh Bansal (Reuters) – Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.…
U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce competition for…
S&P says SVB fallout won’t lead to rating actions on APAC banks
(Reuters) – Ratings agency S&P on Thursday said the fallout from Silicon Valley Bank’s collapse may not lead to any rating actions on Asia-Pacific banks as they are well placed to absorb…
UK finance minister and Bank of England work to contain SVB fallout
LONDON (Reuters) -Britain’s finance ministry and the Bank of England are working to minimize the disruption that could arise from a collapse of the UK arm of Silicon Valley Bank, which has…
Credit Suisse shares hit new all-time low as banks hit by U.S. fallout
ZURICH (Reuters) -Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial stocks. The…
‘It Smelled So Bad’: Store Owner Describes Fallout From Toxic Train Derailment
‘It Smelled So Bad’: Store Owner Describes Fallout From Toxic Train Derailment Harold Hutchison on February 17, 2023 The owner of a store in East Palestine, Ohio, described pungent odors in the…
UK housing market seen facing further ‘mini-budget’ fallout
By Suban Abdulla LONDON (Reuters) – British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and…
Hong Kong’s leading crypto retail operator says it ceases trading as FTX fallout roils sector
By Georgina Lee HONG KONG (Reuters) – A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency…
Soccer-Thorns, Timbers fire two executives amid abuse report fallout
(Reuters) – Portland Thorns fired two key executives on Wednesday after a report said abuse was rampant in the top-flight U.S. National Women’s Soccer League (NWSL). The Thorns said they had dismissed…
Euro area to get back half what it’s spending on war fallout – ECB
FRANKFURT – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central…
Bhutan considering steps to avoid fallout of falling forex reserves -minister
By Gopal Sharma and Manoj Kumar KATHMANDU/NEW DELHI – Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister…
MSNBC Contributor Slams Democrats As ‘Too Weak’ To Handle SCOTUS Fallout
MSNBC Contributor Slams Democrats As ‘Too Weak’ To Handle SCOTUS Fallout Harold Hutchison on June 28, 2022 A MSNBC contributor told “ReidOut” host Joy Reid Monday night that Democrats were “too weak”…
Airlines body warns of fallout from Airbus-Qatar Airways dispute
DOHA – A senior airline industry official criticised a decision by Airbus to revoke a plane order from Qatar Airways, saying the move would encourage airlines to take their own decisions to…
Cape Verde budgets $85 million to cushion Ukraine war fallout
PRAIA – Cape Verde will spend around $85 million on emergency subsidies and fiscal measures this year to mitigate the rise in food and fuel prices brought by the war in Ukraine,…
Sequoia India grapples with fallout from governance snafus
By M. Sriram and Aditya Kalra MUMBAI – Sequoia Capital’s India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting…
U.S. crypto lobbyists in push to contain fallout from stablecoin meltdown
By Hannah Lang WASHINGTON – The cryptocurrency industry is scrambling to respond to U.S. lawmakers’ concerns about stablecoins following the collapse of TerraUSD, which wiped billions off the cryptocurrency market. The Blockchain…
IMF cuts Japan’s growth forecast on hit from Ukraine war fallout
By Leika Kihara TOKYO -The International Monetary Fund (IMF) cut Japan’s economic growth forecast on Thursday and urged policymakers to consider preparing a contingency plan in case the Ukraine crisis derails a…
ECB needs time to analyse fallout from ‘very high’ inflation: Lane
FRANKFURT – Euro zone inflation is “very high” but the European Central Bank needs time to assess the net impact of higher energy prices on workers’ wage demands and costs for households…
Swiss watchmakers grapple with fallout of Russian crisis
By Silke Koltrowitz GENEVA – Swiss watchmakers are gathering in Geneva this week for their first big industry event in three years, tackling the impact of sanctions on rich Russians arising from…
BOJ keeps policy steady, warns of uncertainty over Ukraine crisis fallout
TOKYO – The Bank of Japan maintained its massive stimulus on Friday and warned of “very high uncertainty” over the economic fallout from the Ukraine crisis, signalling its resolve to keep monetary…
France boosts economic support to ease Ukraine crisis fallout
PARIS – The French government presented on Wednesday a new round of measures to help households, companies, farmers and fishermen cope with the economic fallout from Russia’s invasion of Ukraine. “We have…
Central banks rush to stimulus exit as inflation jumps, wary of Ukraine fallout
LONDON – The European Central Bank’s announcement on Thursday that it plans to end stimulus in the third quarter of 2022 shows that policymakers across the developed world remain laser-focused on inflation,…
Refining margins, fuel costs surge on fallout from Russian invasion
By Stephanie Kelly NEW YORK – Refining profits, or margins, from turning crude oil into products such as gasoline and diesel are ballooning, and could surge further after the United States, the…
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