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 …
Recovery
COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of …
PineBridge, Pictet raise China property exposure on recovery hopes
By Xie Yu HONG KONG (Reuters) – Global investors including PineBridge and Pictet are bolstering their exposure to Chinese property developers, betting that a slew …
U.S. to give extra $100 million to Pakistan floods recovery
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 …
Surging recovery bets on China stocks face reality check
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 …
Analysis-China’s services sector eyes recovery after reopening, but challenges loom
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 …
Volatile rouble falls again, cutting short slight recovery
MOSCOW (Reuters) – The Russian rouble weakened in early trade on Friday, cutting short a slight recovery in the previous session as fears over oil …
Thai economy in recovery, bolstered by tourists, minister says
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 …
UK economy set to get worse before recovery – Hunt
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 …
EU’s Gentiloni urges Italy to stick to recovery fund deadlines and targets
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. …
Hungary expects EU to approve its recovery plan next month: minister
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 …
Oil embargo set to restrain Russian stocks recovery in 2023: Reuters Poll
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 …
Japan factory output seen down for second month in sign of patchy recovery- Reuters poll
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 …
Pakistan flood recovery plan key to continued financial support -IMF
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 …
FTX’s new CEO helped bolster Enron victims’ recovery
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 …
Indonesia expects G20 to deliver concrete outcomes for global economic recovery
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 …
EU says Hungary made ‘significant step’ to get recovery funds – source
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the …
FURCHTGOTT-ROTH: Biden’s Tales Of An Economic ‘Recovery’ Don’t Mesh With Reality
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 …
Biden says U.S. Q3 growth shows economic recovery ‘continuing to power forward’
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 …
Westfield-owner Unibail confirms recovery, hikes guidance again
(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 …
Russian bombings of civilian infrastructure raise cost of Ukraine’s recovery: IMF
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 …
Raising Cane’s Founder and Celebrity Friends Help Save Family-owned Restaurants on new discovery+ Series, Restaurant Recovery
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, …
Restaurants to Congress: Our Recovery is Moving in Reverse
New data shows delta variant bringing greater instability to restaurants, likely extending recovery through 2022 Washington, DC (-) The National Restaurant Association today sent a …
Japan travel industry’s recovery depends on China reopening- Narita Airport CEO
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 …
China’s economic recovery continues upward trend – state media cites Premier Li
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 …
Analysis-Russia’s mobilisation may stymie economic recovery
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Already blighted by Western sanctions, Russia’s economy now faces a more self-inflicted blow, with President Vladimir …
Grifols appoints executive chairman as seeks to speed recovery
BARCELONA (Reuters) – Grifols appointed an executive chairman on Monday, as the Spanish pharmaceutical company strives to recover from a pandemic-related hit and a 49% …
UniCredit CEO says firms, families are adjusting, sees recovery at end-2023
MILAN (Reuters) – Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of …
China debt sees portfolio outflows despite nascent recovery for EM in August – IIF
By Jorgelina do Rosario LONDON (Reuters) – China debt markets lost $7.7 billion in August in a seventh straight month of portfolio outflows, data from …
Analysis-Cineworld’s woes highlight uneven moviegoing recovery
By Dawn Chmielewski LOS ANGELES (Reuters) – A string of summer blockbusters, from the high-flying “Top Gun: Maverick” to the near-billion-dollar global gross of “Jurassic …
Thai economy in recovery, fiscal position strong – Dep PM
BANGKOK (Reuters) – Thailand’s economy is gradually recovering from the impact of the pandemic and its fiscal and financial position remains strong, Deputy Prime Minister …
Foreign business travel missing ingredient for Irish hotel recovery – Dalata
By Padraic Halpin DUBLIN (Reuters) – Executives at Ireland’s large hub of multinational companies are still only going on a small fraction of the foreign …
Kushner has second thyroid surgery, full recovery expected
WASHINGTON (Reuters) – Jared Kushner, the son-in-law and former senior adviser to ex-President Donald Trump, underwent a second thyroid surgery late last week, a person …
Ryanair CEO says recovery remains fragile, risks remain
LONDON (Reuters) – Ryanair is continuing to experience a very strong recovery but it remains fragile and could be knocked off course by external developments, …
EU Commission stands by view Poland’s recovery plan merited approval
By Jan Strupczewski BRUSSELS (Reuters) – The European Commission said on Monday it fully stood by its proposal to approve Poland’s recovery plan after four …
European recovery set to stall, outlook cautious – Reuters poll
By Samuel Indyk LONDON (Reuters) – A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a …
China’s fiscal revenue growth slows slightly amid sluggish economic recovery
BEIJING (Reuters) – China’s fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data …
Poland to get recovery cash after meeting agreed milestones – Commission
BRUSSELS – Poland will get money from the European Union recovery fund only after it reaches the milestones and targets that the Polish government has …
WeWork rival IWG shares plummet as analysts wary of recovery
(Reuters) – Shares of IWG fell 18% on Tuesday to their lowest since March 2020, as the office rental group’s first-half results failed to impress …
BP Agents Assist in Recovery of Deceased Migrant
SANDERSON, Texas – U.S. Border Patrol Agents from Sanderson Station assisted in the recovery of a migrant abandoned in the desert on Wednesday. On July …
Philippine central bank to continue supporting economic recovery despite rate hikes
MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its …
No intervention needed in yen as it stages recovery, ‘Mr. Yen’ Sakakibara says
By Divya Chowdhury MUMBAI – Japan doesn’t need to intervene in the currency market as the sharp depreciation in the yen won’t continue, due to …
Remote working prevents full recovery of U.S. coffee shop sales – research
By Marcelo Teixeira NEW YORK – Coffee shop sales in the United States have not fully recovered from a deep slump early in the COVID-19 …
Adidas cuts full-year profit target on slow China recovery
By Ludwig Burger FRANKFURT -Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions. In an unscheduled statement, …
Japan raises economic view, signals broader recovery
TOKYO – Japan upgraded its overall view on the economy for the first time in three months in July, signalling a broader recovery in economic …
China to step up support for cultural and tourism recovery – central bank
BEIJING – China’s central bank will guide domestic financial institutions to provide credit services to the cultural and tourism sectors which have been hit hard …
Cuban economy minister sees gradual recovery despite long lines and blackouts
By Marc Frank HAVANA – Cuba’s economy has begun to recover from the effects of the pandemic and should grow 4% this year, its economy …
U.S. cruise operators’ recovery runs into rough weather as labor crisis worsens
By Praveen Paramasivam (Reuters) – Andrea Mather’s plans for a long-awaited summer cruise around the Hawaiian islands with her financial analyst husband unraveled after her …
Armani revenues up 20% in H1 after 2021 recovery
MILAN – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating …
Thai central bank to ensure uninterrupted economic recovery
By Orathai Sriring and Kitiphong Thaichareon BANGKOK – Thailand’s economy has clearly recovered and the central bank will ensure the recovery is not interrupted by …