China Property Market Slumps on Developers’ Debt Crisis, Weak Buyer Sentiment | Investing News

China Property Market Slumps on Developers’ Debt Crisis, Weak Buyer Sentiment | Investing News

By Clare Jim and Vijdan Mohammad Kawoosa HONG KONG (Reuters) –China’s property market, a key pillar of the world’s second-largest financial system, has weakened sharply previously 12 months because of a authorities clampdown on extreme borrowings by builders, and a COVID-19-induced financial slowdown .. To this point this 12 months, greater than 100 cities have … Read more

Global LNG Markets Brace for Unknowns Ahead of Winter | Investing News

Global LNG Markets Brace for Unknowns Ahead of Winter | Investing News

By Joyce Lee and Florence Tan DAEGU, South Korea (Reuters) –International liquefied pure gasoline (LNG) consumers and sellers are bracing for extra uncertainty over Russian provides and a murky demand outlook from Europe and prime importer China within the run-up to peak winter season, trade executives mentioned .. Western sanctions on Russia because of the … Read more

Asian Shares Stumble on Growth Worries as Central Banks Tighten | Investing News

Asian Shares Stumble on Growth Worries as Central Banks Tighten | Investing News

SHANGHAI (Reuters) –Asian share markets slipped on Thursday after minutes from the Federal Reserve’s early Could assembly confirmed a majority backing half-percentage-point fee hikes in June and July, and as persistent considerations over world development sapped confidence. Whereas the minutes additionally highlighted policymakers’ religion within the energy of the US economic system, serving to raise … Read more

Canada’s Scotiabank, BMO Beat Profit Forecasts but See Challenges Ahead | Investing News

Canada’s Scotiabank, BMO Beat Profit Forecasts but See Challenges Ahead | Investing News

TORONTO (Reuters) -Financial institution of Nova Scotia and Financial institution of Montreal reported better-than-expected second-quarter earnings however forecast increased bills and loan-loss provisions and slower mortgage progress, because of the impression of rising inflation and rates of interest and a difficult financial setting. Mortgage progress and credit score high quality had been sturdy for each … Read more

Global Stocks Set for Partial, Lackluster and Uneven Recovery Reuters Poll | Investing News

Global Stocks Set for Partial, Lackluster and Uneven Recovery Reuters Poll | Investing News

BENGALURU (Reuters) –International shares are forecast to get well from present ranges however keep effectively beneath document highs this yr and subsequent as a majority of greater than 150 fairness analysts polled by Reuters predicted a rebound that’s each lackluster and uneven. In contrast to earlier episodes the place buyers noticed corrections as alternatives to … Read more

US Business Spending on Equipment Shows Signs of Slowing in April | Investing News

US Business Spending on Equipment Shows Signs of Slowing in April | Investing News

WASHINGTON (Reuters) –New orders for US-made capital items rose lower than anticipated in April, pointing to some moderation in enterprise spending on gear early within the second quarter, and headwinds are rising from rising rates of interest and tightening monetary circumstances. Orders for non-defense capital items excluding plane, a intently watched proxy for enterprise spending … Read more

Russian Oil’s Achilles’ Heel: Insurance | Investing News

Russian Oil’s Achilles’ Heel: Insurance | Investing News

By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON / NEW DELHI / TOKYO (Reuters) –Russia has thus far deflected a lot of the impression of sanctions on its oil commerce however the insurance coverage business threatens to throw a spanner within the works until Moscow and its clients can plug a niche … Read more

India Puts’New Reality’ on Display With Davos Street Show | Investing News

India Puts’New Reality’ on Display With Davos Street Show | Investing News

DAVOS, Switzerland (Reuters) –Brilliant colours and daring logos proudly sign the place India has arrange base on the primary avenue in Davos this 12 months, because the nation trumpets its pro-business and overseas funding drive. Inside a pavilion on the Swiss Alpine resort’s Promenade avenue beneath an “India @ Davos 2022” emblem, the federal authorities … Read more

Hedge Fund Elliott Chases Oil and Gas Deals, Bucking Wall Street | Investing News

Hedge Fund Elliott Chases Oil and Gas Deals, Bucking Wall Street | Investing News

(Reuters) –Power bankers who misplaced one consumer after one other when poor returns pushed many funding companies out of the US oil patch received a welcome e mail earlier this 12 months. Elliott Administration, a hedge fund based and co-led by billionaire Paul Singer and greatest identified for its activist investing, wrote to the bankers … Read more

Oil Prices Edge Higher on Tight Supply, Firmer Demand Expectations | Investing News

Oil Prices Edge Higher on Tight Supply, Firmer Demand Expectations | Investing News

By Arathy Somasekhar and Isabel Kua SINGAPORE (Reuters) -Oil costs rose on Wednesday, buoyed by tight provides and the prospect of rising demand from the upcoming begin of the summer time driving season in america, the world’s greatest crude shopper. Brent crude futures for July rose 44 cents, or 0.4%, to $ 114.00 a barrel … Read more