INVMAN

‘Vote of confidence’: UK hails $37 billion of foreign investment

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‘Vote of confidence’: UK hails $37 billion of foreign investment

FDI gathering held at 16th century palace Sunak hails investment, holds off on subsidy push Britain has slipped in FDI rankings HAMPTON COURT, England, Nov 27 (Reuters) – Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.8 billion) of private sector investment in Britain at a gathering of global executives on Monday aimed at catapulting … Read more

For global banks, India could soon be worth it

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For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

US Treasuries basis trades seen as less profitable as funding costs rise

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US Treasuries basis trades seen as less profitable as funding costs rise

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Nov 3 (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond … Read more

Marketing automation firm Klaviyo’s shares set to jump up to 23%

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Marketing automation firm Klaviyo’s shares set to jump up to 23%

Trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Sept 20 (Reuters) – Shares of Klaviyo (KVYO.N) were set to open up to 23% above their IPO price on Wednesday, giving the marketing automation company a potential valuation of … Read more

ECB seals euro’s fate; parity back in play?

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ECB seals euro’s fate; parity back in play?

Packs of 20-euro notes are seen at the Bank of Portugal fortified complex in Carregado, Alenquer, Portugal, May 17, 2022. Picture taken May 17, 2022. REUTERS/Pedro Nunes/File Photo Acquire Licensing Rights ORLANDO, Florida, Sept 14 (Reuters) – The euro was already poised to weaken further before the European Central Bank’s latest rate decision, but in … Read more

Analysis: European private loan market falters as corporate credit stress mounts

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Analysis: European private loan market falters as corporate credit stress mounts

Private debt fundraising and deals slow Industry tested by new high rate environment Lending squeeze set to aggravate default risks LONDON, Sept 7 (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest … Read more

Column: Powell’s steady hand steers dollar higher: McGeever

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Column: Powell’s steady hand steers dollar higher: McGeever

ORLANDO, Florida, Aug 25 (Reuters) – Federal Reserve Chair Jerome Powell’s speech in Jackson Hole is likely to maintain the ‘higher for longer’ outlook for U.S. interest rates and bond yields – good news for dollar bulls, especially given the contrasting picture elsewhere in the world. While the U.S. economy appears to be humming along … Read more

Fitch downgrade highlights investor worries about US fiscal picture

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Fitch downgrade highlights investor worries about US fiscal picture

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more