MOSCOW, Dec 30 Reuters Shares in Russia39;s largest children39;s toy retailer Detsky Mir slumped on Friday after its shareholders agreed to restructure the business in the form of a spinoff that could pave the way for the company to become private. Detsky Mir, whose free float exceeds 50 and counts a host of Western funds and […]

Dec 30 Reuters Global equity funds posted net outflows for an eighth straight week in the seven days to Dec. 28 as a stronger than expected U.S. GDP reading raised worries that U.S. interest rates could stay higher for longer. However, outflows were capped by a Commerce Department report that showed U.S. consumer spending barely rose in November, while […]

U.S. dollar up 8.4 so far in 2022 Euro set for 6.2 annual loss LONDON, Dec 30 Reuters The dollar fell on Friday but was still on track for its biggest annual gain since 2015, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown […]

MUMBAI, Dec 30 Reuters The Indian rupee ended the final week of a turbulent year in the green on Friday, as the dollar index declined, while hopes that the country39;s current account deficit had likely peaked for the time being provided some support. The rupee closed up 0.09 at 82.72 per dollar, continuing its rangebound […]

Dec 30 Reuters Global hedge funds are set to register their worst returns in 14 years in 2022 after aggressive U.S. interest rate rises hit asset prices hard, however, their declines are overall smaller than the slump seen in equity and bond markets this year. Some hedge fund strategies that put money in commodities and […]

MOSCOW, Dec 30 Reuters The rouble strengthened sharply on Friday, nearing the 70 mark against the dollar as a highly volatile year drew to a close, with the final month of trading dominated by fears over the impact of a Western oil price cap on Russia39;s export revenues. By 0755 GMT, the rouble was 1.8 […]