 | | | | Hedge funds posted their worst performance in 20 months in November, after a global market selloff sparked by concerns over the Omicron COVID variant, according to data from HedgeFund Research. | | | | | | The United States became Britain's biggest export market for financial services in the run up to Brexit, overtaking the European Union where sales shrank in 2020, TheCityUK lobby group said on Wednesday. | | | | | | Market volatility and uncertainty over China's indebted property sector is making bank investment chiefs cautious about its assets, amid more general nervousness about broader emerging markets. | | | | | | Danske Bank has been asked by the Danish financial watchdog to extend and expand an external investigation into issues with its debt-collection practices, Denmark's biggest lender said on Monday. | | | | | | U.S. inflation and economic growth are likely to come in at around 4% next year, suggesting inflation will remain higher than anticipated, Wells Fargo's Wealth & Investment Management CIO said on Monday. | | | | | | Britain still has an acute shortage of heavy goods vehicle (HGV) drivers but the rate at which people are leaving the sector is at least slowing, an industry group said on Monday. | | | | | | Ride-hailing giant Didi Global's move to withdraw from the New York stock exchange has put a spotlight on other U.S.-listed Chinese firms and whether more will jump ship to Hong Kong and elsewhere. | | | | | | Private and sovereign creditors should accelerate work on debt restructuring efforts for countries like Chad, Zambia and Ethiopia or risk discouraging countries that need help from participating, International Monetary Fund chief Kristalina Georgieva told the Reuters Next conference on Friday. | | | | | | Speculators' net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. | | | | | | UniCredit's German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank's new business plan, a person close to the matter said. | | | | | |
