SHANGHAI (Reuters) – The asset management arms of some Chinese banks are turning to an accounting method that smoothes out the performance of wealth management products as they try to stem a ris[...]
Read more
Articles written by Reuters
Crypto firm Binance says deposits returning after heavy withdrawals
By Tom Wilson and Rae Wee LONDON/SINGAPORE (Reuters) -The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies and hal[...]
Read more
Bludgeoned bond markets hope peak inflation will bring revival in 2023
By Dhara Ranasinghe, Davide Barbuscia and Yoruk Bahceli (Reuters) -Many of the world’s big bond fund managers, from BlackRock to Vanguard, are optimistic that sovereign debt markets have turned[...]
Read more
Ark’s Wood sees U.S. now in recession, expects energy stocks to tumble
By David Randall NEW YORK (Reuters) – Energy stocks and other value stocks will likely be “casualties” of falling inflation, said Cathie Wood, the star stock picker whose ARK Innovat[...]
Read more
German cum-ex mastermind handed 8-year jail sentence for tax fraud
By Matthias Inverardi and Marta Orosz BONN, Germany (Reuters) -A tax lawyer, alleged to have masterminded one of Germany’s biggest post-war frauds, was sentenced to eight years in jail on Tuesda[...]
Read more
2023 to be most promising for bonds in over a decade-Goldman AM
LONDON (Reuters) – The year ahead is shaping up as the most promising for fixed income in over a decade, Gurpreet Gill, macro strategist, global fixed income at Goldman Sachs Asset Management sa[...]
Read more
Berkshire Hathaway sells $34.4 million worth of shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of electric vehicle maker BYD for HK$267.69 million ($34.4[...]
Read more
Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy[...]
Read more
Tax-loss selling in battered U.S. stocks could spur January snap-back
(This Dec. 7 story has been corrected to replace “more than 10%” with “in the red” in paragraph 5) By David Randall NEW YORK (Reuters) – Investors who sell underperformin[...]
Read more