Hedge funds that punted early on China recovery reaped the rewards
By Summer Zhen Hong Kong (Reuters) – Hedge funds that bet on a swift shift in the country’s zero-COVID and regulatory policies in late 2022 while the stock market was…
By Summer Zhen Hong Kong (Reuters) – Hedge funds that bet on a swift shift in the country’s zero-COVID and regulatory policies in late 2022 while the stock market was…
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is…
By Xie Yu HONG KONG (Reuters) – Global investors including PineBridge and Pictet are bolstering their exposure to Chinese property developers, betting that a slew of support measure for the…
GENEVA (Reuters) – A senior official from the U.S. development agency USAID said on Monday that Washington would provide an additional $100 million in funding for Pakistan’s recovery from devastating…
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Chinese investors are doubling down on economic recovery bets, with a flurry of new fund launches this week riding on optimism…
By Joe Cash and Engen Tham BEIJING/SHANGHAI (Reuters) – Jordan Li, a restaurant owner in the southwestern Chinese city of Chengdu, hopes desperately that next month’s Lunar New Year holidays…
MOSCOW (Reuters) – The Russian rouble weakened in early trade on Friday, cutting short a slight recovery in the previous session as fears over oil and gas sanctions unnerved markets,…
BANGKOK (Reuters) – Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector,…
LONDON (Reuters) – British finance minister Jeremy Hunt said the country’s economy was “likely to get worse before it gets better” after figures on Monday showed a bounce-back in growth…
MILAN (Reuters) – Italy should focus on meeting all deadlines for the EU’s post-pandemic recovery fund, the bloc’s Economy Commissioner Paolo Gentiloni warned on Thursday. Gentiloni was speaking in Rome,…
BUDAPEST (Reuters) – Hungary’s government expects its recovery fund plan to be approved by EU finance ministers at an Ecofin meeting on Dec. 12, its minister in charge of EU…
By Alexander Marrow MOSCOW (Reuters) – Russia’s stock market will claw back some of the heavy losses sustained this year in 2023, according to a Reuters poll of 12 market…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s factory output likely fell for a second straight month in October, while retail sales probably grew at the fastest pace since May 2021,…
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral…
By Dietrich Knauth and Brendan Pierson (Reuters) – FTX Trading’s new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange’s restructuring, previously oversaw the $23…
JAKARTA (Reuters) – Indonesia’s President Joko Widodo told U.S. President Joe Biden on Monday that he expected the G20 summit to deliver concrete partnerships that might help global economic recovery.…
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an…
FURCHTGOTT-ROTH: Biden’s Tales Of An Economic ‘Recovery’ Don’t Mesh With Reality Diana Furchtgott-Roth on October 31, 2022 With the Commerce Department announcement that GDP had grown at a 2.6% real rate…
WASHINGTON (Reuters) – President Joe Biden said on Thursday that a U.S. economic growth rebound in the third quarter was evidence an economic recovery “is continuing to power forward,” and…
(Reuters) – Shopping mall owner Unibail-Rodamco-Westfield on Wednesday raised its guidance for the second time this year, as tenant sales for the first nine months of 2022 exceeded pre-pandemic levels.…
By Christian Kraemer BERLIN (Reuters) – Russia’s latest strikes on civilian infrastructure have raised the cost of Ukraine’s recovery and could see it needing close to $4 billion a month…
Todd Graves, Restaurant Recovery host and Raising Cane’s founder. Todd Graves helps restaurants overcome pandemic woes in new series that begins streaming April 15 Dallas, TX (RestaurantNews.com) Restaurateur and philanthropist…
New data shows delta variant bringing greater instability to restaurants, likely extending recovery through 2022 Washington, DC (-) The National Restaurant Association today sent a letter to Congressional leaders sharing…
By Maki Shiraki and Rocky Swift TOKYO (Reuters) – Japan is already seeing an increase in inbound travellers since relaxing its COVID-19 border controls last week, but a full recovery…
BEIJING (Reuters) – China’s economy has stabilised and continues an upward trend currently, and the country will strengthen the implementation of economic support policies, state media quoted Premier Li Keqiang…