Private credit returns weaken as loan distress deepens, MSCI finds
Private credit funds have marked down more than a tenth of their loans by at least 50%, according to new data released by MSCI, highlighting mounting pressure on borrowers in…
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Category: Business
China inflation beat forecasts: so why did markets shrug it off?
China’s consumer and producer prices rose more than expected in April, offering fresh evidence that price pressures are beginning to firm, even if the broader recovery story remains uneven and…
Pound steadies as USD firms on Fed bets, Iran risks
The pound struggled to extend gains against the dollar on Monday, with GBP/USD failing to build on a modest intraday bounce as fresh US dollar buying capped its recovery. Optimism…
Goldman shifts Fed forecast: is rate relief further away than thought?
Goldman Sachs has pushed back its forecast for the first US interest-rate cut, saying higher energy prices and the risk of stickier inflation linked to the Middle East conflict are…
Trump-Xi summit: trade, Taiwan, AI talks in focus; major breakthroughs unlikely
US President Donald Trump is set to meet Chinese President Xi Jinping in Beijing next week in the first visit by a US leader to China in almost a decade,…
US jobless claims rise less than expected despite ongoing layoffs
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and…
US jobs report beats forecasts in April as unemployment holds steady at 4.3%
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA…
Markets may be repeating the mistake of 2019, Goldman Sachs warns
Investing.com — Markets may be ignoring an important lesson of 2019, according to Goldman Sachs. The Wall Street bank said in a note that the upcoming January Federal Open Market…