Sep 14, 2024 | Markets
Trouble at VW, Commerzbank shake up Europe’s biggest economy Populist surge in regional elections adds to uncertainty Germany muscled its way through the Covid-19 pandemic and managed to avoid a devastating industrial shutdown after Russia cut off its gas supplies....
Sep 13, 2024 | Markets
Hedge funds turned net bearish on Brent crude for the first time on record as concerns about an oversupply of oil hammer futures prices. Money managers’ short positions outnumbered long bets by 12,680 lots in the week ended Sept. 10, the first time that’s happened in...
Sep 13, 2024 | Markets
Weaker prospects of real income growth, comfortable retirement Election adds to uncertainty in University of Michigan survey A record share of households are uncertain about the US economic outlook, most expect inflation to take a bigger chunk of their incomes and the...
Sep 13, 2024 | Markets
Inflows into wealth-management products slid 90% in August State banks seen selling long-dated debt to cool rally Signs that Chinese officials are pushing back on the record-breaking bond rally are deterring at least one group of investors that have been a key driver...
Sep 13, 2024 | Markets
Central bank seen lifting rates by quarter-point next week Economic activity fell 0.4% on month in July; est. was -0.7% Brazil’s economic activity fell less than expected in July, snapping a series of gains as central bankers are expected to mull the start of a cycle...
