Global funds cut equity exposure in turbulent February, eye virus risk: Reuters poll

Economy14 hours ago (Feb 27, 2020 08:16PM ET) By Rahul Karunakar BENGALURU (Reuters) – Global funds changed course in February and recommended a cut to equity allocations in their model balanced portfolio after taking them to a two-year high in…

Bank of Canada to stay put for now, but 2020 rate cut in play: Reuters poll

Economy15 hours ago (Feb 27, 2020 07:11PM ET) By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will hold interest rates at 1.75% on Wednesday, according to most economists polled by Reuters, although a significant minority expects at least…

Europe looking for positive signal from U.S. on trade: EU lawmaker

Economy16 hours ago (Feb 27, 2020 06:34PM ET) By Andrea Shalal WASHINGTON (Reuters) – The European Union hopes to de-escalate trade tensions with the United States but wants Washington to lower steel tariffs or make another goodwill gesture after a…

Investors flee stocks for bonds on rising recession fears: BofA

Economy6 hours ago (Feb 28, 2020 04:11AM ET) LONDON (Reuters) – A whopping $20 billion has left global equity funds, BofA said on Friday, as investors fled risky assets on concerns the fast-spreading coronavirus could trigger a global recession. A…

ECB could hold extraordinary coronavirus meeting if needed

Economy5 hours ago (Feb 28, 2020 05:16AM ET) (C) Reuters. Specialists work on a crane in front of the European Central Bank (ECB) in Frankfurt BRUSSELS (Reuters) – The European Central Bank does not expect to take any action on…

Japan’s Abe vows to protect economy as virus heightens recession fears

Economy7 hours ago (Feb 28, 2020 03:38AM ET) (C) Reuters. Japanese Prime Minister Shinzo Abe listens to IAEA Director General Rafael Grossi at the prime minister’s official residence in Tokyo By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Shinzo…

Japan Jan household spending seen falling for fourth straight month: Reuters poll

Economy10 hours ago (Feb 28, 2020 12:51AM ET) TOKYO (Reuters) – Japan’s household spending likely dropped for a fourth straight month in January as a sales tax hike continued to hurt consumers, a Reuters poll showed, suggesting any recovery could…

Japan’s January factory output beats forecasts but slowdown expected

Economy11 hours ago (Feb 27, 2020 11:42PM ET) (C) Reuters. FILE PHOTO: Smoke rises from a factory during sunset at Keihin industrial zone in Kawasaki By Daniel Leussink TOKYO (Reuters) – Japan’s factory output rose more than expected in January,…

Hong Kong home prices fall for second straight month in January

Economy12 hours ago (Feb 27, 2020 10:21PM ET) Hong Kong home prices fall for second straight month in January HONG KONG (Reuters) – Hong Kong private home prices fell for the second straight month in January on low transaction volumes,…

ECB’s Lane says coronavirus poses risk to economy if it lasts

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