Jul 14, 2023
Small business distress index hits mid-2020 high

(This July 13 story has been corrected to say Gotshal, not Gotschal, in paragraph 1) By Chiara Elisei LONDON (Reuters) - Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mid-2020 in the three months to May…

Jul 13, 2023
EM portfolios see $22 billion foreign inflow in June -IIF

NEW YORK (Reuters) - Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows from debt securities, data from the Institute of International Finance…

Jul 13, 2023
Marketmind: Markets bet July 2023 is ‘peak Fed’

A look at the day ahead in U.S. and global markets from Mike Dolan Surprise news of a 2%-plus print on U.S. headline inflation rate for June has world markets betting the peak of the Federal Reserve's interest rate campaign…

Jul 12, 2023
Zara founder Ortega buys US warehouse for $109 million

MADRID (Reuters) - Amancio Ortega, the founder of Zara-owner Inditex, has bought a warehouse in Los Angeles for $109 million as part of a continued drive to invest in logistics real estate in the U.S., his investment firm Pontegadea said…

Jul 12, 2023
Hedge funds grow more cautious on crypto after turmoil

(This July 11 story has been corrected to add 'CoinShares' in paragraph 2 and 'funds investing in crypto' in paragraph 4) By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) - Global hedge funds not specialising in crypto assets have grown…

Jul 11, 2023
Mercedes sales rise in Q2 on top-end, electric vehicles

BERLIN (Reuters) - Mercedes-Benz Group sales in the second quarter rose 6% year-on-year - a total of 515,700 vehicles - on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday. Sales grew in all…

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