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Global

Global mutual funds investors could sell $350 billion worth equities this year -Barclays

May 25, 2022
Global mutual funds investors could sell $350 billion worth equities this year -barclays - photo licensed by shore news network.

(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, …

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Saudi foreign minister does not expect immediate global oil shortage

May 24, 2022
Saudi foreign minister does not expect immediate global oil shortage - photo licensed by shore news network.

DAVOS, Switzerland – Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country’s foreign minister …

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Global digital tax deal might not be ready until early 2024 – France

May 24, 2022
Global digital tax deal might not be ready until early 2024 - france - photo licensed by shore news network.

PARIS – A global digital tax deal might not be ready until the end 2023 or early 2024, French Finance Minister Bruno Le Maire said …

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France Le Maire’s confident on EU unanimity on global corporate tax by June 17

May 24, 2022
France le maire's confident on eu unanimity on global corporate tax by june 17 - photo licensed by shore news network.

By LA BRUSSELS – The 27 members of the European Union should reach a unanimous agreement on the implementation of a global minimum corporate tax …

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Global gas crunch claims first Australian trading casualty

May 23, 2022
Global gas crunch claims first australian trading casualty - photo licensed by shore news network.

By Sonali Paul MELBOURNE – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the …

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Ukraine a global issue, not regional one, Biden says in Asia

May 23, 2022
Ukraine a global issue, not regional one, biden says in asia - photo licensed by shore news network.

TOKYO – The crisis in Ukraine is a global issue, not a regional one, U.S. President Joe Biden said at a meeting of the Quad …

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Bombardier launches latest ultra-long range business jet Global 8000

May 23, 2022
Bombardier launches latest ultra-long range business jet global 8000 - photo licensed by shore news network.

(Reuters) – Canada’s Bombardier Inc launched a new long-range business jet on Monday, as it looks to stay competitive in a market that serves the …

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Analysis-S.Korea’s Yoon uses Biden summit as springboard for global agenda as China looms

May 23, 2022
Analysis-s. Korea's yoon uses biden summit as springboard for global agenda as china looms - photo licensed by shore news network.

By Josh Smith SEOUL – South Korea’s new president, Yoon Suk-yeol, used a largely successful summit with U.S. President Joe Biden over the weekend to …

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Citi promotes Asia-based banker Valderrabano as global wealth COO

May 18, 2022
Citi promotes asia-based banker valderrabano as global wealth coo - photo licensed by shore news network.

By Selena Li HONG KONG – Citi has appointed Valentin Valderrabano as its new chief operating officer (COO) for Citi Global Wealth, effective in July, …

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United States Recovers Over $15 Million from Swiss Bank Accounts as Proceeds of Global Digital Advertising Fraud Scheme

May 18, 2022
United states recovers over $15 million from swiss bank accounts as proceeds of global digital advertising fraud scheme - photo licensed by shore news network.

Breon Peace, United States Attorney for the Eastern District of New York, announced today that $15,111,453.84 in illicit proceeds derived from an international digital fraud …

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Global Expert on ADHD Speaks to Families About Embracing Its Superpowers

May 18, 2022
Global expert on adhd speaks to families about embracing its superpowers - photo licensed by shore news network.

“ADHD can be a superpower when you learn how to manage it,” said Dr. Ned Hallowell.  Tweet this “ADHD can be a superpower when you …

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Global supply stress worsened in April, NY Fed’s index shows

May 18, 2022
Global supply stress worsened in april, ny fed's index shows - photo licensed by shore news network.

By Howard Schneider WASHINGTON – Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened …

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Three Portfolio Managers And Allianz Global Investors U.S. Charged In Connection With Multi-Billion Dollar Fraud Scheme

May 17, 2022
Three portfolio managers and allianz global investors u. S. Charged in connection with multi-billion dollar fraud scheme - photo licensed by shore news network.

Allianz Global Investors U.S. LLC Also Charged With Securities Fraud, Agrees to Plead Guilty Damian Williams, the United States Attorney for the Southern District of …

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Tiger Global raised stakes in some tech names battered by year’s rout -filing

May 16, 2022
Tiger global raised stakes in some tech names battered by year's rout -filing - photo licensed by shore news network.

By Svea Herbst-Bayliss BOSTON – Investment firm Tiger Global, which has lost billions of dollars in this year’s technology stock meltdown, increased its stakes during …

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Moscow says G7 attempts to isolate Russia make global food crisis worse

May 16, 2022
Moscow says g7 attempts to isolate russia make global food crisis worse - photo licensed by shore news network.

(Reuters) – Russia’s foreign ministry said on Monday that attempts by the West and the G7 group of nations in particular to isolate Moscow have …

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Bausch + Lomb Announces Participation at the RBC Capital Markets Global Healthcare Conference

May 13, 2022
Bausch + lomb announces participation at the rbc capital markets global healthcare conference - photo licensed by shore news network.

VAUGHAN, ON, May 13, 2022 — Bausch + Lomb Corporation, (NYSE/TSX: BLCO) (“Bausch + Lomb”), a leading global eye health company dedicated to helping people …

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Global equity funds see massive outflows on slowdown fears

May 13, 2022
Global equity funds see massive outflows on slowdown fears - photo licensed by shore news network.

(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening …

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Balkan companies see ‘near-shoring’ opportunity with global supply woes

May 12, 2022
Balkan companies see 'near-shoring' opportunity with global supply woes - photo licensed by shore news network.

By Daria Sito-Sucic SARAJEVO – As supply chain disruptions caused by the COVID-19 pandemic, war in Ukraine and lockdowns in China hit Western European markets, …

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Putin says West is triggering a global economic crisis

May 12, 2022
Putin says west is triggering a global economic crisis - photo licensed by shore news network.

(Reuters) -President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on …

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Analysis-BOJ still a lone dove, but less so as global price pressures intensify

May 12, 2022
Analysis-boj still a lone dove, but less so as global price pressures intensify - photo licensed by shore news network.

By Leika Kihara TOKYO – The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand, …

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ARK’s Wood sees global recession, blames market selloff on Fed hike plan

May 10, 2022
Ark's wood sees global recession, blames market selloff on fed hike plan - photo licensed by shore news network.

By David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal …

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Polish PM says he will discuss global corporate tax with Yellen

May 10, 2022
Polish pm says he will discuss global corporate tax with yellen - photo licensed by shore news network.

WARSAW – Polish Prime Minister Mateusz Morawiecki said on Tuesday he would discuss global corporate tax with United States Treasury Secretary Janet Yellen when she …

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Global bond funds post massive outflows in the week to May 4

May 6, 2022
Global bond funds post massive outflows in the week to may 4 - photo licensed by shore news network.

(Reuters) – Global bond funds faced big outflows in the week to May 4 as soaring inflationary pressure fueled caution ahead of the Federal Reserve’s …

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Echo Global Logistics Signs Definitive Agreement to Acquire Roadtex Transportation Corporation

May 5, 2022
Echo global logistics signs definitive agreement to acquire roadtex transportation corporation - photo licensed by shore news network.

The deal brings a national warehouse footprint and advanced temperature-controlled transportation solutions to Echo while providing Roadtex’s customers with truckload brokerage and expanded transportation management …

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Apollo Global Management’s Q1 earnings rise threefold

May 5, 2022

By Chibuike Oguh (Reuters) – Apollo Global Management Inc said on Thursday its first-quarter earnings jumped more than three times thanks to strong growth in …

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EU antitrust chief calls for global approach towards tech giants

May 5, 2022
Eu antitrust chief calls for global approach towards tech giants - photo licensed by shore news network.

By Foo Yun Chee BERLIN – Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of U.S. tech giants, called …

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ArcelorMittal increases buyback program, sees global steel dip

May 5, 2022
Arcelormittal increases buyback program, sees global steel dip - photo licensed by shore news network.

By Marine Strauss BRUSSELS – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in …

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StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up

May 4, 2022
Stanchart ceo says bank's global focus still valid amid calls for hsbc break-up - photo licensed by shore news network.

By Iain Withers LONDON – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of …

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JPMorgan names global co-heads of market infrastructure – memo

May 4, 2022
Jpmorgan names global co-heads of market infrastructure - memo - photo licensed by shore news network.

By Pamela Barbaglia LONDON – JPMorgan has elevated two senior bankers in its financial institutions group (FIG) to global co-heads of market infrastructure as it …

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Global manufacturers lose momentum as inflation worsens: Kemp

May 3, 2022
Global manufacturers lose momentum as inflation worsens: kemp - photo licensed by shore news network.

By John Kemp LONDON – Global manufacturing growth has started to decelerate as supply chain problems, the rising cost of energy and raw materials, and …

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Weekly inflows in global money market funds hit a 6-month high

April 29, 2022
Weekly inflows in global money market funds hit a 6-month high - photo licensed by shore news network.

(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic …

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Biden Admin Makes Global Internet Pledge To Fight ‘Disinformation,’ Crackdown On ‘Harmful’ Content

April 28, 2022
Biden admin makes global internet pledge to fight ‘disinformation,’ crackdown on ‘harmful’ content - photo licensed by shore news network.

Biden Admin Makes Global Internet Pledge To Fight ‘Disinformation,’ Crackdown On ‘Harmful’ Content Laurel Duggan on April 28, 2022 The Biden administration, along with 60 …

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Vast forest losses in 2021 imperil global climate targets, report says

April 28, 2022
Vast forest losses in 2021 imperil global climate targets, report says - photo licensed by shore news network.

By Jake Spring SAO PAULO – The world lost an area of forest the size of the U.S. state of Wyoming last year, as wildfires …

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Global tax overhaul will not slow Google’s investment in Ireland, CEO says

April 28, 2022
Global tax overhaul will not slow google's investment in ireland, ceo says - photo licensed by shore news network.

DUBLIN – A global tax deal will make “no difference” to Alphabet Google’s operations in Ireland as the company remains committed to investing and adding …

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WTO chief warns against retreat from global trade

April 27, 2022
Wto chief warns against retreat from global trade - photo licensed by shore news network.

WASHINGTON – Fragmentation of the global economy and a retreat from global trade would make countries more vulnerable to production shocks arising from natural disasters …

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Global inflation to stay stubbornly high as wrecked supply chains persist – Reuters poll

April 27, 2022
Global inflation to stay stubbornly high as wrecked supply chains persist - reuters poll - photo licensed by shore news network.

BENGALURU – The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to …

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India’s Reliance, Apollo Global plan joint bid for Walgreens’ Boots business

April 27, 2022
India's reliance, apollo global plan joint bid for walgreens' boots business - photo licensed by shore news network.

(Reuters) -Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, …

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Toyota reports record high global production for March, despite slump at home

April 26, 2022
Toyota reports record high global production for march, despite slump at home - photo licensed by shore news network.

TOKYO – Toyota Motor Corp on Wednesday posted record high global production in March, as overseas production made up for a drop off at home, …

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China needs open capital markets for yuan to be global currency, IMF’s Gopinath says

April 26, 2022
China needs open capital markets for yuan to be global currency, imf's gopinath says - photo licensed by shore news network.

By David Lawder WASHINGTON – If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and …

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Global airline capacity hits 2022 high as China demand rebounds – OAG

April 26, 2022
Global airline capacity hits 2022 high as china demand rebounds - oag - photo licensed by shore news network.

By Koustav Samanta (Reuters) – Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic …

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Indonesia’s palm oil export ban leaves global buyers with no plan B

April 24, 2022
Indonesia's palm oil export ban leaves global buyers with no plan b - photo licensed by shore news network.

By Rajendra Jadhav MUMBAI – Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s surprise palm oil export …

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Global miners must overcome labour shortages, inflation pain to meet targets

April 22, 2022
Global miners must overcome labour shortages, inflation pain to meet targets - photo licensed by shore news network.

By Shashwat Awasthi and Clara Denina (Reuters) – Global mining companies must overcome COVID-related labour shortages and soaring production costs if they are to meet …

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Global equity funds see biggest weekly outflows since December

April 22, 2022
Global equity funds see biggest weekly outflows since december - photo licensed by shore news network.

(Reuters) – Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate …

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Global tourism to recover from pandemic by 2023, post 10-year growth spurt

April 21, 2022
Global tourism to recover from pandemic by 2023, post 10-year growth spurt - photo licensed by shore news network.

By Neil Jerome Morales MANILA – The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a …

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Fed’s Bostic says slowing global growth a reason for Fed to be “cautious” – CNBC

April 19, 2022
Fed's bostic says slowing global growth a reason for fed to be "cautious" - cnbc - photo licensed by shore news network.

WASHINGTON – The potential for a global economic slowdown is reason for the Fed “to be cautious” as it raises interest rates in coming months, …

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Ukraine conflict to test resilience of global financial system: IMF

April 19, 2022
Ukraine conflict to test resilience of global financial system: imf - photo licensed by shore news network.

By Pete Schroeder and Michelle Price WASHINGTON – Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the …

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IMF official says split into competing systems would be ‘disaster’ for global economy

April 19, 2022
Imf official says split into competing systems would be 'disaster' for global economy - photo licensed by shore news network.

WASHINGTON – The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it …

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Global bond funds see big outflows in week to April 13

April 18, 2022
Global bond funds see big outflows in week to april 13 - photo licensed by shore news network.

(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start …

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Yellen says global growth will take a hit from Ukraine war

April 13, 2022
Yellen says global growth will take a hit from ukraine war - photo licensed by shore news network.

WASHINGTON – Global economic growth will take a hit from Russia’s war in Ukraine, U.S. Treasury Secretary Janet Yellen said on Wednesday, noting that it …

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‘Long time, if ever’ before dollar replaced as key global currency – Yellen

April 13, 2022
'long time, if ever' before dollar replaced as key global currency - yellen - photo licensed by shore news network.

WASHINGTON – U.S. Treasury Secretary Janet Yellen said it would be “a long time, if ever” before the U.S. dollar was replaced as the key …

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