Category Archives:
South Korea pension fund opens up FX hedging limit to maximum 10%
SEOUL (Reuters) - South Korea's mammoth National Pension Fund (NPS) will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero at present, the welfare ministry said ...
Dec 16, 2022
Investor Cat Rock cuts stake in Just Eat Takeaway, says still committed
AMSTERDAM (Reuters) -U.S. investor Cat Rock, previously the second-largest shareholder in meal delivery firm Just Eat Takeaway.com, has sold part of its stake, according to an SEC filing. "Cat Rock re...
Dec 16, 2022
Rio Tinto completes $3.3 billion acquisition of Canada’s Turquoise Hill
(Reuters) - Rio Tinto Ltd said on Friday it had completed its long drawn-out acquisition of a 49% stake in Turquoise Hill Resources, giving the world's top iron ore producer a 66% stake in Mongolia's ...
Dec 16, 2022
Amazon strikes deal to bring Warhammer 40,000 onto screens
(Reuters) - Amazon.com Inc will bring popular miniature wargame Warhammer 40,000 to film and television screens after the tech giant's content unit reached an agreement with British developer Games Wo...
Dec 16, 2022
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) - Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in 2023 from China's expected re-opening to the rest of...
Dec 16, 2022
For bear stock pickers, 2023 is full of rich pickings
By Nell Mackenzie LONDON (Reuters) - Well-known activist short-selling hedge funds expect to find more companies squeezed by tough economic conditions in 2023, potentially increasing instances where b...
Dec 16, 2022
UK retail sales fall unexpectedly by 0.4% in November
LONDON (Reuters) - British retail sales volumes slid unexpectedly by 0.4% in monthly terms in November, official data showed on Friday. A Reuters poll of economists had pointed to a 0.3% rise from Oct...
Dec 16, 2022
India rupee settlement mechanism draws interest from more nations
By Nikunj Ohri and Shivangi Acharya (Reuters) - India's rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attract...
Dec 16, 2022
Analysis: Deutsche Bank’s rollercoaster ride towards more stability
By Tom Sims and Marta Orosz FRANKFURT (Reuters) - In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve co...
Dec 16, 2022
Marketmind: Hawk-eyed
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down with their risk-off hat on, after a central bank bonanza this week (that's seven central banks o...
Dec 15, 2022
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