Carmakers scramble to adapt to slowing Chinese demand
NEW YORK (Reuters) – China’s demand for luxury cars used to move in one direction – up. Now, the prospect of a sustained slump in Chinese demand, prompted by sharp declines in Chinese equity markets and a devaluation of the yuan, has global auto manufa…
Moody’s cuts 2016 global growth forecasts
LONDON (Reuters) – Credit rating firm Moody’s cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.
Fed’s Fischer says still undecided on whether to hike in September
WASHINGTON (Reuters) – The U.S. Federal Reserve is waiting to see how data and markets unfold over the coming weeks before deciding whether to raise interest rates at its September meeting, Vice Chair Stanley Fischer said on Friday.
BNY Mellon glitch roiled pricing on U.S. funds with $404 billion in assets
(Reuters) – BNY Mellon Corp’s computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc.
China fears linger as focus on Fed sharpens
LONDON (Reuters) – Fears over the health of China’s economy kept world markets on edge this week and the country will remain in focus, along with the question of whether the Federal Reserve will raise interest rates next month.
U.S. consumer sentiment falls in August
NEW YORK (Reuters) – U.S. consumer sentiment fell in August, a survey released on Friday showed.
Global funds buy more bonds as China-fueled volatility surges: Reuters poll
This month’s wild ride in global stocks and fears of an emerging market crisis led funds to raise bond allocations to eight-month highs, even though most investors remain bullish on the outlook for Japan and the West.
U.S. funds cut recommended global equity exposure again: Reuters poll
(Reuters) – U.S. funds cut recommended equity allocations in August and increased exposure to debt, a Reuters poll found, largely maintaining a broad trend since the start of the year as stocks underperform and government bonds remain in demand.
Exclusive: Arab OPEC producers brace for oil-price weakness for rest of 2015
DUBAI/LONDON (Reuters) – A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals’ output.
China banks warn of rising bad loans and falling margins as economy slows
SHANGHAI/BEIJING (Reuters) – China’s largest banks warned of a tough year after posting their weakest half-yearly profit growth in at least six years as a slowing economy forces the lenders to make even more provisions for soured loans and squeezes int…
