Tuesday, 12 April 2022

Reuters Global Investor: South Korea to lobby for inclusion in MSCI developed market index

South Korea to lobby for inclusion in MSCI developed market index

South Korea's finance minister will lobby for the country to be included in the Morgan Stanley Capital International (MSCI) developed market index when he meets the index provider next week, he said on Tuesday.

German investor morale dips in April, inflation expectations ease

German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the outlook for Europe's largest economy.

Global growth optimism at all-time low, fund manager survey finds

Optimism among fund managers over global economic growth has hit an all-time low while concerns of possible stagflation have risen to the highest since August 2008, a monthly survey by investment bank BoFA Securities showed on Tuesday.

UK watchdog probes Deloitte audit of transport firm Go-Ahead

Britain's accounting watchdog said on Tuesday it has opened an investigation into Deloitte's auditing over six years of Go-Ahead , a bus and rail company which was fined by the government for overcharging.

BoK to pause in April but rates to go up every quarter

The Bank of Korea is likely to stand pat at its meeting this week as its committee awaits the appointment of a new governor, but it will embrace a steeper rate hike path ahead to tame more than decade-high inflation, a Reuters poll showed.

New mechanisms needed for debt stress as poor countries hit by surging prices -IMF

Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt stress will be needed to stave off defaults, the IMF said on Monday.

Russian c.bank suspends monthly foreign trade data for first time since 1997

The Russian central bank said on Monday it had temporarily suspended publishing data on foreign trade on a monthly basis in the first such suspension since 1997.

EXCLUSIVE AIG looks at cutting insurance for Russia, Ukraine

AIG , one of the world's biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance broker and a source familiar with the matter said.

U.S. money market funds say SEC draft rule would kill some products

U.S. asset managers are pushing back on draft rules aimed at fixing systemic risks in the $5 trillion money market funds industry, arguing that one of the proposed measures would kill off popular products, executives told Reuters.

Japanese investors remain big sellers of overseas bonds in March

Japanese investors were big sellers of overseas debt in March, as prices of overseas bonds declined on concerns over inflation and aggressive tightening measures by major central banks.

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