‘Snowball’ derivatives feed China’s stock market avalanche
By Li Gu and Vidya Ranganathan SHANGHAI (Reuters) – China’s plunging stock market is leading to losses on billions of dollars worth of derivatives linked …
Market
Measures China has taken to prop up its stock market
(Reuters) – Chinese shares rebounded on Tuesday on a Bloomberg News report that said Chinese authorities are considering several measures to bolster the stock market. …
LATAM widens lead in Brazil’s airline market in 2023
SAO PAULO (Reuters) – LATAM Airlines widened its advantage last year as the market leader among companies flying domestically and internationally in Brazil, data from …
China pledges to take more forceful measures to support market confidence
BEIJING (Reuters) – China will take more forceful and effective measures to support market confidence, state media CCTV reported on Monday, citing a cabinet meeting, …
Australia jobs engine slows as labour market loosens
By Stella Qiu SYDNEY (Reuters) – Australian employment fell sharply in December after two months of surprisingly strong growth, while the jobless rate stayed at …
OPEC may need further supply curbs to balance market, says Mercuria chief
By Dmitry Zhdannikov DAVOS, Switzerland (Reuters) – OPEC may need to cut production further to keep oil prices at current levels in the face of …
Philadelphia Police Seek Suspect in Armed Robbery at Yala Habibi Market
PHILADELPHIA, PA – The Northwest Detective Division of the Philadelphia Police Department (PPD) is actively searching for a suspect involved in a recent armed robbery. …
Canada’s planned curbs on overseas student work may hurt tight job market
By Wa Lone TORONTO (Reuters) – Canada’s planned curbs on work by international students could spark shortages of temporary workers in food services and retail …
Analysis-Hertz’s EV sale to fan cost concerns, dampen used-car market
By Akash Sriram and Nathan Gomes (Reuters) – Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit …
Country Garden expects China property market to remain weak in 2024
HONG KONG (Reuters) – China’s largest private property developer, Country Garden, <2007.HK> expects the property market will remain weak in 2024 and the company could …
Microsoft topples Apple to become global market cap leader
(Reuters) – Microsoft has eclipsed Apple to become the world’s largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), …
UK housing market gains momentum at start of 2024: Rightmove
By Suban Abdulla LONDON (Reuters) – Average asking prices for British homes made the strongest start to the year since 2020, according to a Rightmove …
Global money market funds see third weekly inflow ahead of US inflation data
(Reuters) – Global investors accumulated money market funds for a third straight week in the seven days to Jan. 10, while pulling back from equity …
Marketmind: Inflation tests market thesis, bitcoin gets ETF nod
A look at the day ahead in U.S. and global markets from Mike Dolan If the aggressive interest rate easing markets have priced for 2024 …
As inflation slows, the job market gains Fed mindshare
By Howard Schneider WASHINGTON (Reuters) – The slide in inflation that gathered pace at the end of 2023 has begun shifting attention at the U.S. …
VW, Toyota saw China market share shrink in 2023: industry association
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – Volkswagen Group and Toyota Motor saw their share of the world’s largest auto market shrink last …
Global EV market growth to slow this year on lower subsidies – report
(Reuters) – Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars …
Marketmind: New year market funk sees 5-day blues
A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. government shutdown angst resurfacing, this weekend’s Taiwan election in …
As pandemic ‘jobs hole’ closes, Fed finds labor market easing elusive
By Howard Schneider WASHINGTON (Reuters) – The U.S. economy ended last year with the labor scars from the COVID-19 pandemic effectively healed and a quandary …
UK labour market firms after recent slowdown: REC survey
By William Schomberg LONDON (Reuters) – British employers raised pay and recovered some of their appetite for hiring in December, according to a survey that …
High market hopes raise stakes as US stocks face inflation data, earnings
By Lewis Krauskopf NEW YORK (Reuters) – Investors’ hopes are running high to start 2024, which could set up U.S. stocks for a rocky stretch …
US worker absences highlight mixed labor market as pandemic recedes
(Reuters) – The latest government data on Friday showed the U.S. added 216,000 jobs in December, as the labor market settles back towards more normal …
Investors flee to US money market funds on caution as rate cut optimism cools
(Reuters) – U.S. investors reduced holdings in equity funds, shifting to money market funds amid caution before key payroll reports, as a stock market rally …
Global money market funds see big demand as rate cut euphoria fades
(Reuters) – Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of …
Marketmind: No let up in sombre New Year market mood
A look at the day ahead in European and global markets from Kevin Buckland Global stocks extended 2024’s weak start into Thursday, exacerbated by Japan’s …
Cathay Pacific in market for new mid-sized widebody planes
SEOUL (Reuters) – Hong Kong’s Cathay Pacific Airways said on Thursday it was evaluating options for new orders of mid-sized widebody aircraft, after a recent …
Silver Spring Resident Wins $50,000 on Scratch-off at Local Market Ahead of Holidays
SILVER SPRING, MD — A routine grocery shopping trip turned into a remarkable windfall for a Montgomery County man, who won $50,000 on a Cash …
Ex-BOJ board member criticises governor Ueda’s market messaging
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda must change his communication style that is confusing markets into …
New Jersey Deli At Center Of Interstate Stock Market Manipulation Case
CAMDEN, N.J. – James Patten, a 64-year-old resident of Winston-Salem, North Carolina, has admitted to his role in a complex market manipulation scheme involving two …
Emerging market debt wall looks scalable as investors warm to risk
By Libby George LONDON (Reuters) – After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, …
Philadelphia Region Real Estate Market Sees Shift in November 2023
DEVON, PA – The latest HomExpert Report by Berkshire Hathaway HomeServices Fox & Roach, REALTORS® reveals significant changes in the Greater Philadelphia real estate market …
Marketmind: China to put dampener on market party
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A ‘Santa rally’ is in full swing across global stocks, with …
Shooting at Severn’s Orchard Food Market Involves Gray Mazda
SEVERN, MD – A shooting incident at Orchard Food Market in Severn on December 18 left one person injured and several vehicles damaged. The Anne …
Italian issuers seen catching early 2024 bond market train
By Valentina Za MILAN (Reuters) – Italian corporate and financial issuers are expected to hit the road running in January, seizing the traditional start of …
Trump bemoans record stock market as just making ‘rich people richer’
By Tim Reid (Reuters) -Donald Trump, who predicted three years ago that if Democratic President Joe Biden won the White House in 2020 markets would …
US equity funds rebound with net inflows amid market rally
(Reuters) – U.S. equity funds attracted net inflows in the week through Dec. 13 amid a rally on Wall Street despite caution ahead of the …
Asian IPO market seen brighter in 2024 but elections cast shadows
By Scott Murdoch SYDNEY (Reuters) – Bankers in Asian equity capital markets are hopeful of a better year in 2024 after a dismal showing for …
Yellen plans to accelerate climate, financial market cooperation with China
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing U.S.-Sino relations next year, including …
UK housing market stabilises but high rates still weigh: RICS
By Suban Abdulla LONDON (Reuters) – Britain’s property market saw some recovery in November as a surge in mortgage rates eased, but surveyors remain cautious …
Italy looking to help debtors without roiling bad debt market
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italy has reined in plans to help borrowers struggling with debt repayments and will focus only …
Crypto market eyes interest rates and expected bitcoin ETFs in 2024
By Hannah Lang (Reuters) – After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision …
More US commercial property owners to tap securities market in 2024 -Moody’s
By Matt Tracy WASHINGTON (Reuters) – More U.S. commercial property owners are expected to turn to commercial mortgage-backed security (CMBS) lenders next year instead of …
In China’s slowing beauty market, big brand discounts won’t cut it
By Casey Hall SHANGHAI (Reuters) – Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now …
Marketmind: A peek at the job market before payrolls
(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper The first week in the month is always a …
PNC sees growth opportunity in capital-led market disruptions
By Nupur Anand NEW YORK (Reuters) – PNC Financial Services CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III …
South Orange Hosts Festive Open-Air Holiday Market
SOUTH ORANGE, NJ — The South Orange Open-Air Holiday Market, presented by the South Orange Village Center Alliance and Investors Bank, will be held on …
South Orange Welcomes Open-Air Holiday Market
SOUTH ORANGE, NJ – The South Orange Village Center Alliance, in collaboration with Investors Bank, announces the Open-Air Holiday Market. This festive event will be …
UBS to expand presence in U.S. market – Swiss paper
(Reuters) – Swiss bank UBS plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net …
BOJ survey highlights strong bond market strains from ultra-easy policy
By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s massive asset-buying scheme introduced in 2013 led to a sharp deterioration in the function of the …
UK housing market shows new signs of strength – Nationwide
LONDON (Reuters) -British house prices rose unexpectedly in monthly terms for the third time running in November, adding to signs that the housing market downturn …