Nasdaq 100, Dow and Nikkei 225 Continue to Head Higher
Indices are still recovering some of their recent losses, with the Dow back above 40,000 and the Nikkei 225 now back to its 2 August opening level.
Carlyle to Buy Baxters KidneyCare Spinoff Vantive for 3.8B
NEW YORK, Aug 13 Reuters Buyout firm Carlyle Group struck a deal to acquire Baxters kidneycare unit Vantive for 3.8 billion, the companies said on Tuesday. The proceeds from the deal, which is expected to close by early 2025, will help medicaldevice maker Baxter reduce its debt pile. Baxter, which paid down about 2.8 billion of […]
Home Depot Warns of Sales, Profit Decline on Weak Consumer Spending
Reuters Home Depot warned of a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as weak discretionary spending dampened expectations of a recovery in consumer sentiment this year. Customers have delayed big projects such as flooring, kitchen cabinets and bath due to higher borrowing costs and steep inflation, even […]
US Junk Debt Investors Cautious of Leveraged Loans as Economy Slows
Aug 14 Reuters Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junkrated loans if the economy weakens. Borrowers pulled back on leveraged loan deals last week, following disappointing jobs data on Aug. 1 and Aug. 2 that raised forecasts […]
July CPI Supports Disinflation Scenario for Sept Ease
Aug 14 Reuters U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the Federal Reserve will cut interest rates next month. The consumer price index increased 0.2 last month after falling 0.1 in June, the Labor Department said on Wednesday. In the 12 months […]
Japans Economy Rebounds Strongly on Consumption Boost, Backs Case for more Rate Hikes
Q2 GDP rises annualised 3.1 vs f39;cast 2.1 Consumption up for the first time in 5 quarters, Capex bounces Lift in consumption, economic recovery point to another BOJ hike BOJ is global outlier in hiking rates as peers move to policy easing TOKYO, Aug 15 Reuters Japan39;s economy expanded by a much fasterthanexpected annualised 3.1 […]
PBOC Injects 81B, Delays MLF as Seen reAligning Rate Framework
SHANGHAI, Aug 15 Reuters China39;s central bank injected cash through a shortterm bond instrument on Thursday and said that it would conduct a mediumterm loan rollover later this month. The People39;s Bank of China39;s PBOC delivered a series of interest rate reductions last month and the sequence of the cuts showed its framework had changed, market watchers said, […]
Chinas Factory Output Disappoints, Dashing Hopes for Speedy Recovery
BEIJING, Aug 15 Reuters China39;s factory output growth slowed and missed expectations in July, adding to a series of indicators that show the world39;s secondlargest economy is struggling to kick into a higher gear, even with recent government support. Industrial output grew 5.1 from a year earlier, National Bureau of Statistics NBS data showed, slowing […]
Chinas HomePrice Slump Deepens to new 9Y Low Despite Policy Support
New home prices fall in annual and monthly terms Propertyrelated figures such as sales and investment slump More supportive polices are expected BEIJING, Aug 15 Reuters China39;s new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the […]
Chinas Coal Output Up 2.8 in July Despite Surging Hydropower Generation
BEIJING, Aug 15 Reuters China39;s coal output rose 2.8 in July from a year earlier as mines ramped up production to ensure steady supply amid recordbreaking heat, statistics bureau data showed, even though thermal power output fell while hydropower generation surged. The world39;s largest coal producer mined 390.37 million metric tons of the fuel last month, […]