Exclusive: Ontario Teachers to invest up to $1 billion in Macquarie offshore wind unit

Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group Ltd to develop projects around the world, the companies told Reuters on Thursday.

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12-05-2022

Gold prices wobble as soaring dollar, sliding yields tussle

Gold saw choppy price action on Thursday, as the dollar hit a 20-year high, balancing support from a slide in Treasury yields, after the U.S. inflation data signalled the Federal Reserve would likely stick to its current, aggressive rate-hike roadmap.

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12-05-2022

Oil slips more than 1% on fears recession may hit demand

(Reuters) -Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

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12-05-2022

Dollar at two-decade high as CPI keeps aggressive U.S. rate hikes likely

The dollar hit a two-decade high on Thursday after U.S. inflation moderated less than markets had expected, keeping the Federal Reserve on course to tighten policy aggressively.

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12-05-2022

Shares slide, dollar climbs as inflation spooks investors

Asian stocks fell to an almost two-year low and the dollar hit its highest in two decades on Thursday as data showed U.S. inflation persistently hot, deepening investor worries about the economic toll of aggressive interest rate hikes to tame it.

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12-05-2022

Shares tumble as stubborn U.S. inflation stokes worries on rates, economy

Asian stocks fell to an almost two-year low and the dollar rose to multi-year highs on Thursday as data showed U.S. inflation persistently hot, deepening investor worries about the economic toll of aggressive interest rate hikes to tame it.

newspaper

12-05-2022

Philippine economy in solid shape as Marcos set to take the helm

MANILA (Reuters) -Newly-elected Philippine President Ferdinand Marcos Jr. will inherit an economy that has strongly bounced back from the COVID-19 pandemic when he takes office in June, but soaring food and fuel costs will need to be addressed quickly.

newspaper

12-05-2022

Japan April service sector sentiment improves - govt

Japan's service sector sentiment index rose in April for a second month, a Cabinet Office survey showed on Thursday.

newspaper

12-05-2022

Gold stabilises after rising 1% following U.S. inflation data

Gold steadied on Thursday, after U.S. inflation data lifted prices over 1% in the previous session, as traders were cautious about the Federal Reserve's policy stance amid fears of a build-up in underlying inflation pressures.

newspaper

12-05-2022