EMRG

Global pensions with $3 trln on books fear stagflation -survey

LONDON, Dec 6 (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next 12-24 months, a survey showed on Tuesday. The investors face huge challenges in switching their portfolios to cope, according to think tank OMFIF, …

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Analysis: Investors look to emerging markets as planets align for end of dollar bull market

NEW YORK, Dec 6 (Reuters) – As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and notched its best monthly gain in about …

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India’s capital blanketed in smog despite drop in stubble burning

NEW DELHI, Dec 5 (Reuters) – India’s capital, New Delhi, was engulfed in thick smog early on Monday as cooler weather exacerbated pollution, even though government data showed that crop residue burning in neighboring states had dropped significantly. Residents of New Delhi and its suburbs endure poor air every winter as colder, heavier air traps …

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China set to ease COVID curbs further as markets cheer change of tack

New nationwide COVID rules due as soon as Wednesday – sources Shift follows widespread demonstrations last month Yuan firms, global markets rally on China hopes HONG KONG/BEIJING, Dec 5 (Reuters) – China is set to announce a further easing of some of the world’s toughest COVID curbs as early as Wednesday, sources said, as investors …

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Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned …

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Bankman-Fried says he will testify before the US House committee

Dec 4 (Reuters) – FTX founder Sam Bankman-Fried tweeted on Sunday that he would testify before the House Financial Services Committee after he finished “learning and reviewing” the events that led to the spectacular collapse of his cryptocurrency exchange. The US House Financial Services Committee plans to hold a hearing in December to investigate the …

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Dollar soft as China reopening hopes boost risk sentiment

SINGAPORE, Dec 5 (Reuters) – The dollar struggled to gain a foothold on Monday and was languishing at five-month lows as traders looked past stronger than anticipated US jobs data, while growing hopes of China reopening boosted risk sentiment. The dollar index, which measures the currency against six major peers including the yen and euro, …

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