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☆ Europe's central bank cuts interest rates for first time in 5 years
▼ + stars: | 2024-06-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The European Union just made its first cut to interest rates in five years. The European Central Bank lowered its main interest rate from 4% to 3.75%. Officials tend to lower interest rates when inflation is under control and they want to lift growth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The European Central Bank (ECB) announced on Thursday that it would lower its main interest rate from 4% to 3.75%, marking its first reduction since 2019.

Persons: —, Neil Birrell Organizations: European Central Bank, Service, Union, Premier Miton Investors

☆ UK economy slipped into technical recession at the end of 2023
▼ + stars: | 2024-02-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday. Though there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. Across the whole of 2023, the British GDP is estimated to have increased by just 0.1%, compared to 2022. "These factors affected the performance of the services and construction sectors, which are the main drivers of the U.K. "Over the coming months, we expect inflation to fall, potentially easing the pressure on U.K. households, and supporting the recovery of the consumer-driven economy," Brookes added.

Persons: Jeremy Hunt, Marcus Brookes, Brookes, Neil Birrell Organizations: National Statistics, Reuters, Finance, Bank of England, Bank of England's, Quilter Investors, Premier Miton Investors Locations: British

☆ Italy reach BJK Cup semis, Australia stay alive
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Paolini, who like Trevisan also won her singles against France, then dispatched Anna-Lena Friedsam 6-3 6-2. It is the first time Italy have reached the semi-finals of the competition since 2014. Captain Alicia Molik changed her line-up and world number 155 Storm Hunter rewarded her faith by posting a 7-6(2) 6-4 victory against Anna Danilina, ranked a lowly 802nd. Later on Thursday, reigning champions Switzerland face the United States in Group A needing to win to stay in the hunt. Canada can secure their place in the semi-finals if they beat a Poland side without world number one Iga Swiatek.

Persons: Billie Jean King, Jasmine Paolini, Germany's Anna, Lena Friedsam REUTERS, Marcelo Del Pozo, Martina Trevisan, Eva Lys, Trevisan, Anna, Lena Friedsam, Alicia Molik, Storm Hunter, Anna Danilina, Yulia Putintseva, Kim Birrell, Hunter, Ellen Perez, Martyn Herman, Toby Davis Organizations: La, Germany, France, Slovenia, Kazakhstan, Switzerland, United States, Thomson Locations: Seville, Spain, Italy, Kazakhstan, France, Germany, Australia, Slovenia, United, Canada, Poland

☆ Storm Hunter defies the odds to win first BJK Cup match
▼ + stars: | 2023-11-08 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Australian tennis star Storm Hunter won her first match at this year’s BJK Cup in Seville, Spain, on Tuesday, despite landing in the country just hours before it started… without her luggage. The 29-year-old had been playing in the WTA Finals doubles competition in Cancún, Mexico, last week, eventually losing with partner Elise Mertens in the semifinals on Sunday. It’s definitely been a whirlwind few days.”Hunter (left) had played in the doubles semifinals at the WTA Finals on Sunday. Clive Brunskill/Getty ImagesThe Billie Jean King Cup is akin to the women’s World Cup of tennis, pitting countries from around the world against one another. 1 Iga Świątek, opted not to play at this year’s BJK Cup, with the event starting just a day after the rain-delayed WTA Finals.

Persons: Storm Hunter, Elise Mertens, Hunter, Kimberly Birrell, Slovenia’s Veronika Erjavec, Ela Milić –, “ It’s, ” Hunter, “, It’s, Clive Brunskill, Billie Jean King, Coco Gauff, Świątek Organizations: CNN, WTA, Australia, Slovenia, Team Australia Locations: Australian, Seville, Spain, Cancún, Mexico, Kazakhstan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyed its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Most major S&P 500 sectors were trading lower on Friday, with utilities (.SPLRCU), often considered a bond proxy, down 1.8%, while rate-sensitive real-estate (.SPLRCR) fell 1.2%. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. EV maker Tesla (TSLA.O) fell 2.2% after cutting prices of its Model 3 and Model Y vehicles in the United States.

Persons: Brendan McDermid, Tesla, Neil Birrell, advancers, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Exxon, Dow, Nasdaq, Federal Reserve, Labor, Premier Miton, Treasury, Nvidia, Traders, Energy, JPMorgan Chase, Citigroup, BlackRock, Dow Jones, Tesla, Exxon Mobil, Reuters, Natural Resources, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

Adding to its woes, last month the antitrust regulator sued Qantas accusing it of selling fares on thousands of already-cancelled flights in 2022. The so-called "flying kangaroo" said it would now spend A$80 million ($52 million) on "customer improvements" on top of the A$150 million previously flagged. "The group will continue to absorb these higher costs, but will monitor fuel prices in the weeks ahead and, if current levels are sustained, will look to adjust its settings," Qantas said. "Any changes would look to balance the recovery of higher costs with the importance of affordable travel in an environment where fares are already elevated." RBC Capital Markets analyst Owen Birrell said the company would likely absorb the higher fuel costs "until its target margins come under pressure and then would seek to claw back those costs through capacity cuts and higher fares.

Persons: Loren Elliott, Owen Birrell, Byron Kaye, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's, Qantas Airways, RBC Capital, Thomson Locations: Sydney, Australia, SYDNEY, Bengaluru

☆ Analysis: Investors call 'peak pessimism' for beaten-up UK stocks
▼ + stars: | 2023-09-13 | by ( Naomi Rovnick | ) www.reuters.com time to read: +6 min

"It feels like we've passed the peak of pessimism about the UK," said Daniel Lockyer, senior fund manager at 7 billion-pound investment and advice group Hawksmoor Investment Management, which increased its exposure to UK companies in August. Consumer stocks are outperforming as investors bet on the UK cost of living crisis becoming less intense. Reuters Graphics Reuters GraphicsLeigh Himsworth, UK fund manager at Fidelity International, said he was "trying to pick off UK retailers we can buy", while it was also "time to pick up some of the (UK) real estate sector." But while noting good economic reasons to call an upturn for UK stocks, fund managers also stressed the need for further steps from policymakers to revive interest in British equities. Premier Miton is lobbying policymakers to introduce a new tax-efficient investment vehicle for UK stocks.

Persons: Toby Melville, we've, Daniel Lockyer, Morningstar, Martin Walker, Walker, Samuel Tombs, Reuters Graphics Reuters Graphics Leigh Himsworth, Spencer, Neil Birrell, Premier Miton, Miton, Savvas Savouri, Naomi Rovnick, Dhara Ranasinghe, Sharon Singleton Organizations: London Stock Exchange, REUTERS, Inflation, LONDON, Apple, FTSE, Investment Management, Global, Reuters, Bank of England, Reuters Graphics Reuters Graphics, Fidelity International, Premier, Fidelity, Thomson Locations: Canary Wharf, London, Britain, U.S, COVID, outflows

Output had risen 0.5% in June, and the economy grew 0.2% over the three months to the end of July. The data underlined signs that Britain's economy is weakening, perhaps by more than the Bank of England had expected ahead of its September interest rate meeting. "Either way, it does suggest that higher interest rates and sticky inflation are having a more significant effect on the economy." Unusually wet weather in July hurt output at retailers and in the construction sector, which fell 0.5%, the ONS said. Wednesday's data does not include recent, substantial upward revisions to the performance of Britain's economy up to the end of 2021.

Persons: Toby Melville, Sterling, BoE, Neil Birrell, Samuel Tombs, Andy Bruce, David Milliken, William James, Alison Williams Organizations: St Thomas ' Hospital, REUTERS, LONDON, National Statistics, Bank of England, Premier Miton, ONS, Thomson Locations: St, London, Britain, England

☆ ‘Zombie Trout’ Unsettle Montana, Long a Fly-Fishing Mecca
▼ + stars: | 2023-09-12 | by ( Jim Robbins | ) www.nytimes.com time to read: +1 min

“And we work very hard to give water back when times are tough. One study on a Colorado river found that salmonflies accounted for slightly more than half of the trout diet. They have receded or disappeared altogether on 500 miles of river in Montana. Another climate-related threat to Montana’s fly fishing is the appearance in some rivers of invasive small mouth bass, a warm water species that prey on trout and could decimate fisheries. State officials have proposed emergency regulations on the Bitterroot River, for example, that require anglers to kill and report any small mouth bass they catch.

Persons: ”, JM Peck, Jackson Birrell, “ Locations: Melrose, Colorado, Logan, Utah, Provo, Montana

☆ Venus Williams receives wildcard to play in 24th US Open at age 43
▼ + stars: | 2023-08-17 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —Venus Williams will take part in a record-extending 24th US Open after receiving a wildcard from the US Tennis Association (USTA) to compete at this year’s tournament. Williams, now ranked 533rd in the world, made her US Open debut in 1997 and went on to win the title in 2000 and 2001. Denmark’s Caroline Wozniaki will make her first grand slam appearance since retiring after the 2020 Australian Open after the former world No. The 2018 Australian Open champion retired in 2020 to start a family, but returned to action at the recent Canadian Open after more than three years away from the sport. The US Open, the final grand slam of the year, gets underway on August 28.

Persons: Venus Williams, China’s Zheng Qinwen, Williams, Veronika Kudermetova, Denmark’s Caroline Wozniaki, Caroline Wozniacki, Robert Prange, Wozniacki, Australia’s Kimberly Birrell, Markéta Vondroušová Organizations: CNN, US Tennis Association, Cincinnati Masters, Wimbledon

Official data on Friday showed the economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The strong showing bolstered bets that the BoE would keep on raising interest rates, given the central bank stressed this month that resilience in the economy was one of the factors that would underpin its judgement. The central bank itself had pencilled in growth of 0.1% for the second quarter. "With much of the drag from higher interest rates still to come, we are sticking to our below-consensus forecast that the UK is heading for a mild recession later this year," said economist Ruth Gregory from consultancy Capital Economics. Reporting by Andy Bruce and David Milliken; editing by William James, Kate Holton and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Sterling, BoE, Neil Birrell, Jeremy Hunt, Ruth Gregory, Andy Bruce, David Milliken, William James, Kate Holton, Christina Fincher Organizations: Bank of England, U.S ., Reuters, Bank of, Miton, National Statistics, Manufacturing, Reuters Graphics, Capital Economics, Thomson Locations: Bank of England, Britain, Germany, France, Italy, United States

☆ Caroline Wozniacki makes winning return to tennis after three-year absence
▼ + stars: | 2023-08-09 | by ( George Ramsay | ) edition.cnn.com time to read: +1 min

1 Caroline Wozniacki won her first competitive tennis match in three-and-a-half years on Tuesday, defeating Australian Kimberly Birrell 6-2 6-2 at the Canadian Open. The 33-year-old Wozniacki announced her retirement after the 2020 Australian Open but said in June that she was planning a comeback. “It feels great,” Wozniacki – who won the Canadian Open title in 2010 – said in her on-court interview. I have amazing memories here.”Wozniacki won 30 singles titles, including the 2018 Australian Open, before announcing her retirement. In a first-person piece for Vogue announcing her return to tennis, Wozniacki said that she was targeting this year’s US Open.

Persons: Caroline Wozniacki, Kimberly Birrell, Wozniacki, Birrell, Markéta Vondroušová, ” Wozniacki –, –, “ It’s, ” Wozniacki, David Lee, Dane Organizations: CNN, Former, Canadian, Wimbledon, NBA, ESPN, Tennis, Vogue, US Tennis Association, USTA Locations: Montreal

☆ More pressure but Vondrousova settling into life as major champion
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Aug 8, 2023; Montreal, Quebec, Canada; Marketa Vondrousova (CZE) hits a volley against Mayar Sherif (EGY) during a first round match at IGA Stadium. The Czech left-hander became the first unseeded player to capture the Wimbledon women's singles title after a surprise 6-4 6-4 victory over Ons Jabeur in the final last month and the 24-year-old is keen to remain focused. "People around me, I feel like they're going to expect so much now," Vondrousova, who opened her campaign in Montreal with a 6-4 6-2 win over Mayar Sherif on Tuesday, told reporters. "I feel like everybody is going to play great tennis and everybody wants to beat you," Vondrousova said. "When we came home (from Wimbledon), the first week was really crazy," Vondrousova said.

Persons: Marketa, Mayar Sherif, Eric Bolte, Vondrousova, Caroline Wozniacki, Kimberly Birrell, Wozniacki, Shrivathsa Sridhar, Robert Birsel Organizations: IGA, Wimbledon, Thomson Locations: Montreal, Quebec, Canada, Czech, Wimbledon, Bengaluru

☆ Wozniacki makes triumphant return to reach Montreal second round
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

[1/3] Aug 8, 2023; Montreal, Quebec, Canada; Caroline Wozniacki (DEN) hits a forehand against Kimberly Birrell (AUS) (not pictured) during first round play at IGA Stadium. Mandatory Credit: Eric Bolte-USA TODAY SportsAug 8 (Reuters) - Caroline Wozniacki, in her first competitive match after more than three years away to start a family, cruised by Australian qualifier Kimberly Birrell 6-2 6-2 in Montreal on Tuesday to reach the second round of the Canadian Open. Wozniacki, citing her desire to start a family with her husband, former NBA player David Lee, retired from tennis after the 2020 Australian Open. Wozniacki, the 2018 Australian Open champion, has also been given wild cards to compete in next week's Cincinnati Open and the Aug. 28-Sept. 10 U.S. Open. Also advancing to the second round in Montreal were Danielle Collins, a 6-2 6-2 winner over Ukraine's Elina Svitolina, 10th-seed Daria Kasatkina and 15th-seed Liudmila Samsonova.

Persons: Caroline Wozniacki, Kimberly Birrell, Eric Bolte, " Wozniacki, I'm, Wozniacki, Neil Diamond's, Caroline, Birrell, Vondrousova, Sherif, David Lee, Olivia, James, Dane, Serena Williams, Kim Clijsters, Victoria Azarenka, Danielle Collins, Ukraine's Elina Svitolina, Daria Kasatkina, Frank Pingue, Clare Fallon Organizations: IGA, Australian, Canadian, Wimbledon, NBA, Cincinnati, Samsonova, Thomson Locations: Montreal, Quebec, Canada, Danish, Australian, Egypt, Toronto

☆ Cooler inflation unleashes monster rally in UK markets, dents pound
▼ + stars: | 2023-07-19 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

British annual consumer price inflation fell to a lower than expected 7.9% in June, below a forecast for a decline to 8.2%. June's rate was a long way off last October's 41-year high of 11.1%, but far above the BoE's 2% target rate. "Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought," Neil Birrell, who is chief investment officer at Premier Miton Investors, said. British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards target. Meanwhile, interest-rate derivatives showed traders no longer believe UK rates will have to rise above 6% to temper inflation.

Persons: Barratt, Taylor Wimpey, Neil Birrell, Sterling, Jeremy Hunt, Hunt, Jeremy Batstone, Carr, Raymond James, Danilo Masoni, Alun John, Dhara Ranasinghe, Andrew Organizations: Reuters, Premier Miton Investors, Bank of England, Thomson Locations: United States, European, Milan

☆ Reactions: UK inflation cools in June, pound drops
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +6 min

Sterling dropped broadly, falling against the dollar, the euro and the yen, as interest-rate futures showed investors no longer expect UK rates to peak above 6%. COMMENTS:KEVIN BRIGHT, GLOBAL LEADER, CONSUMER PRICING PRACTICE, MCKINSEY & COMPANY, LONDON:"Inflation dipped more than expected; but the gulf between the UK and the Eurozone inflation levels remains. Despite most categories seeing a decline, food & non-alcoholic beverage inflation at 17.3% remains only 1.8% below its peak in March 2023. "Continued rising prices, higher interest rates and below inflation wage growth – are a triple blow to household budgets. NEIL BIRRELL, CHIEF INVESTMENT OFFICER, PREMIER MITON INVESTORS, LONDON:"Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought.

Persons: Sterling, BoE, KEVIN, JOE TUCKEY, JORDAN, NOMURA, CHRIS BEAUCHAMP, Andrew Bailey, JEREMY BATSTONE, CARR, RAYMOND JAMES, ” KENNETH BROUX, It's, JOSEPH CALNAN, NEIL BIRRELL, Amanda Cooper, Andrew Heavens, Catherine Evans Organizations: Bank of England's, Reuters, Reuters Graphics Reuters, MCKINSEY, COMPANY, LONDON, Bank of England, JORDAN ROCHESTER, CPI, IG GROUP, Bank of, SOCIETE GENERALE, U.S, EMEA, Thomson Locations: homebuilders, Bank of England, EUROPEAN

☆ US stocks jump as investors cheer lowest inflation reading in over 2 years
▼ + stars: | 2023-07-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Headline inflation eased to just 3% in June, marking the lowest inflation reading in 2 years. Core inflation, meanwhile, posted a year-per-year increase of 4.8% last month, below the expected 5%. Meanwhile, core CPI, which excludes volatile food and energy prices, rose 4.8% year-per-year, below economists' estimates of a 5% increase. The AI revolution is here and will spark a 15% rally in tech stocks, according to Wedbush's Dan Ives. A recession is looking less likely as inflation cools and the job market stays resilient, according to top economist Paul Krugman.

Persons: Neil Birrell, Ray Dalio, Wedbush's Dan Ives, Paul Krugman Organizations: Service, of Labor Statistics, Federal Locations: Wall, Silicon

Hudson will be one of the few female executives leading a major company in Australia, although rival carrier Virgin Australia also has a woman as its CEO, Jayne Hrdlicka. "I come with an understanding of this organization that is very deep," Hudson told reporters in her first news conference as CEO designate. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. Though men still account for far more top executive roles in Australian-listed companies, a growing number of high-profile CEO roles are occupied by women, including at the No. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

☆ Qantas names finance chief Vanessa Hudson as next CEO, becoming first woman to lead the airline
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +1 min

Vanessa Hudson, chief financial officer of Qantas Airways, speaks during a news conference in Sydney on Feb. 23, 2023. Australia's flagship carrier, Qantas , on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson, who joined Qantas 28 years ago, had held several senior roles there, including chief customer officer and senior vice president for the Americas and New Zealand. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note.

☆ Stock pickers reckon it's time to move on from central banks
▼ + stars: | 2023-03-06 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

LONDON, March 6 (Reuters) - Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. The Nasdaq (.IXIC) is still up about 12% year-to-date and a sub-index of European tech stocks has gained 15% (.SX8P). A Reuters poll of 300 global asset managers last month showed 70% of those surveyed believed these so-called value stocks would outperform this year. Another sign investors are turning towards value shares is the reduced premium they are paying for growth stocks. "Central banks will keep rates high."

☆ Czech teen Fruhvirtova downs Vondrousova to reach fourth round
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +1 min

[1/4] Tennis - Australian Open - Melbourne Park, Melbourne, Australia - January 19, 2023 Czech Republic's Linda Fruhvirtova reacts during her second round match against Australia's Kimberly Birrell REUTERS/Sandra SandersMELBOURNE, Jan 21 (Reuters) - Czech teenager Linda Fruhvirtova marched into the fourth round of the Australian Open on Saturday with a battling 7-5 2-6 6-3 victory over compatriot Marketa Vondrousova. At 17 years and 273 days, Fruhvirtova is the youngest woman remaining in the draw. Playing in only her second Grand Slam main draw, Fruhvirtova showed extraordinary composure to rally from 3-1 down in the decider and beat her more fancied opponent. Vondrousova has struggled to replicate the form that helped her reach the 2019 Roland Garros final but the 23-year-old had looked set for a deep run in Melbourne after beating second seed second seed Ons Jabeur in the last round. Reporting by Shrivathsa Sridhar in Melbourne; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Retiring Stosur 'too passionate' to walk away from the sport
▼ + stars: | 2023-01-15 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

Stosur announced on social media she will retire from the sport after a last appearance in the doubles tournaments at Melbourne Park, 21 years after her first Australian Open. read moreSince becoming a mum in mid-2020, Stosur has made a staged departure from the game, taking on a mentoring role with some of the country's emerging players. Still got to work out exactly what that is going to be," Stosur told reporters at Melbourne Park. "I'm too passionate about it, too invested in what all the other players are doing to just walk away. It's only going to take one to maybe get through that next spot and we'll seemore coming through."

☆ Analysis: Move over TINA, it's time for TARA
▼ + stars: | 2023-01-11 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

Reuters GraphicsIdanna Appio, a portfolio manager at First Eagle Investments, said that TINA was good for passive investors as it meant that equity prices went up because bond yields went down. "The risk free rate," he added, referring to core government bond yields, "actually gives you something." Bond funds recorded net inflows for six straight weeks until early January, BofA said, based on its analysis of EPFR data. "The end of TINA is very important," said Francesco Sandrini, head of multi-asset strategies at Amundi, Europe's largest fund manager. "You don’t need a bond bull market, you now have income," said Jeffrey Sherman, deputy chief investment officer at U.S. money manager DoubleLine.

☆ Venus out of Australian Open following injury in Auckland
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +1 min

Jan 7 (Reuters) - Seven-times Grand Slam champion Venus Williams pulled out of this month's Australian Open due to injury, the organisers of the season's first Grand Slam said on Saturday. Williams was set to play her 22nd Australian Open after being awarded a wildcard to the Jan. 16-29 tournament. "Venus Williams has withdrawn from the Australian Open due to an injury sustained at the ASB Classic in New Zealand," the Australian Open said in a tweet. Australia's Kimberly Birrell was awarded her wildcard place. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

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