By Nell Mackenzie (Reuters) – The top 5% of the world’s hedge fund managers are set to take 80-90% of investor inflows in 2023, according to new research from Agecroft Partners which raise[...]
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January 5, 2023
European shares dip as media stocks slide, Fed worries resurface
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares slipped on Thursday as media stocks were weighed by declines in British education group Pearson, while data suggesting tight lab[...]
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Canada posts slim November trade deficit on lower energy exports
By Ismail Shakil OTTAWA (Reuters) -Canada posted a trade deficit of C$41 million ($30.20 million) in November as exports were dragged down by energy products, while pharmaceuticals and other consumer[...]
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U.S. trade deficit shrinks sharply as imports tumble
WASHINGTON (Reuters) – The U.S. trade deficit contracted by the most in nearly 14 years in November as slowing domestic demand amid higher borrowing costs depressed imports. The trade deficit de[...]
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Fed’s George: It will be key to hold rates up once hikes end
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she hopes the central bank will continue its efforts to shrink its balance sheet,[...]
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Fed’s Bostic: Officials “remain determined” to beat inflation
WASHINGTON (Reuters) – Inflation is the biggest headwind facing the U.S. economy right now and U.S. Federal Reserve officials “remain determined” to lower it back to the central bank[...]
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Heavy discounts drive record U.S. online holiday spending – report
(Reuters) -U.S. online spending during the 2022 holiday season rose by a better-than-expected 3.5%, a report by Adobe Analytics showed, as retailers used hefty discounts to lure inflation-weary consum[...]
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U.S. private payrolls beat expectations in December – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in December, pointing to still-strong demand for labor despite higher interest rates. Private employment increased by 23[...]
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Kenya will not default on its debt payments -President Ruto
NAIROBI (Reuters) – Kenya will not default on its debt and plans to ramp up tax collection in the next two years, President William Ruto said on Wednesday. Ruto’s government, which took ov[...]
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