GS says US GDP growth will likely peak this quarter and decelerate for the rest of the year.  It sees growth remaining above consensus estimates and trend, which can delay a shift to defensives. Meantime, global growth continues accelerating, which benefits stocks that follow economic trends.  See more stories on Insider’s business page. US GDP growth is likely to peak […]

(Reuters) – People in Myanmar on Sunday criticised an agreement between the country’s junta chief and Southeast Asian leaders to end the violence-hit nation’s crisis, saying it fell short of restoring democracy and holding the army accountable for hundreds of civilian deaths.Slideshow ( 3 images )There were no immediate protests in Myanmar’s big cities a day after the meeting of […]

BANGKOK (Reuters) -Thailand’s capital Bangkok has ordered the closure of public venues and sports premises, city official said on Saturday after the country reported a record daily rise in coronavirus cases and deaths amid a third wave of infections.Slideshow ( 2 images )The closures, effective from Monday until May 9, apply to venues including public parks, gyms, swimming pools, meeting […]

JAKARTA (Reuters) -Southeast Asian leaders said they had agreed on a plan with Myanmar’s junta chief on Saturday to end the crisis in the violence-hit nation, but he did not explicitly respond to demands to halt the killing of civilian protesters. “It’s beyond our expectation,” Malaysian Prime Minister Muhyiddin Yassin told reporters after the leaders’ meeting of the Association of […]

Stocks are overextended by many measures as they sit near highs. Sven Henrich, the founder of NorthmanTrader, said in a recent note that “a reckoning is coming.” His call comes as Wall Street becomes more cautious in their market outlooks. See more stories on Insider’s business page. The evidence is overwhelming for Sven Henrich: we are in a stock-market bubble. […]

FILE PHOTO: Nursing technician Semei Araujo Cunha puts what she calls ‘maozinha do amor’ or ‘hands of love’, warm water-filled gloves, on a coronavirus disease (COVID-19) patient intubated at a UPA (Emergency Service Unit) in Sao Carlos, Sao Paulo state, Brazil April 16, 2021. . REUTERS/Amanda PerobelliBRASILIA (Reuters) – Younger Brazilians are increasingly being affected by COVID-19, with those in […]

Heavy selloff in domestic equities amid fears that a rapid resurgence of COVID-19 cases in the country can disrupt economic recovery kept investors on edge. The rupee fell by 7 paise to close below the 75 mark against the U.S. dollar on Friday as a record spike in COVID-19 cases and losses in the domestic equities weighed on investor sentiment. […]

Slideshow ( 2 images )MILAN (Reuters) -Shares in Tod’s jumped as much as 16% on Friday after France’s LVMH agreed to increase its stake in the Italian luxury goods group to 10% – prompting speculation it could raise it further. Tod’s said late on Thursday that LVMH would buy a 6.8% holding from Tod’s founder and Chairman Diego Della Valle, […]

TAIPEI (Reuters) -Taiwan’s key semiconductor industry has years of growth ahead of it with no worries about oversupply despite a massive capital investment programme and only a few competitors in the next decade or so, a senior government minister said on Friday.Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei, Taiwan, April 23, 2021. […]