Foreigners add $19.2 billion to EM portfolios in November, IIF says
By Rodrigo Campos (Reuters) -Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a...
Bank of Italy cuts growth forecasts for 2024 and 2025
The Bank of Italy has revised its growth projections for the country's economy, now expecting a 0.7% expansion for both this year and next. This update, announced on Friday,...
Factbox-Big banks expect a quarter-point cut for ECB's first meeting of 2025
(Reuters) - Major brokerages including Bank of America, Goldman Sachs and Citigroup (NYSE:C) expect the European Central bank to cut interest rates by 25 basis points again at...
Column-EM has no easy escape from dollar squeeze: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - A strong U.S. dollar and high Treasury yields are posing significant challenges for emerging economies, and policymakers have no...
Italy to grow by 0.7% this year and next as outlook weakens, central bank says
MILAN (Reuters) - The Italian economy will expand by 0.7% both this year and next, the country's central bank said on Friday, cutting estimates made in October as the monthly flow...
Macron taps François Bayrou as France's new prime minister
In an effort to navigate France's political stalemate, President Emmanuel Macron has appointed François Bayrou as the country's new prime minister on Friday. Bayrou, a veteran...
US equity funds gain sixth weekly inflow on Fed rate cut expectations
(Reuters) - U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential for a Federal Reserve interest rate cut at the upcoming...
China bank lending rises far less than expected, more policy steps needed
By Kevin Yao, Liz Lee BEIJING (Reuters) -New bank lending in China rose by far less than expected in November, highlighting weak credit demand in the world's second-largest...
ECB's Centeno sees further gradual rate easing in coming quarters
LISBON (Reuters) - European Central Bank policymaker Mario Centeno predicted on Friday further gradual interest rate cuts in the coming quarters to ease what remains a...
Global equity funds see robust weekly inflows on hopes of Fed rate cut
(Reuters) - Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might...