DIRS.INFO The most relevant business & tech news

☆ Global funds dumped another $3 bln in China stocks in Oct -Morgan Stanley
▼ + stars: | 2023-11-06 | by ( Summer Zhen | ) www.reuters.com time to read: +1 min

HONG KONG, Nov 6 (Reuters) - Global fund managers sold China equities sharply in October despite further steps from authorities aimed at boosting the world's second-largest economy, according to a report from Morgan Stanley that cited data from fund flow tracker EPFR. "The outflows (are) mostly due to regional funds' rebalancing out of China, in which European-domiciled funds led," Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most underweight on China since 2018. Stocks sold off include JD.com (9618.HK), Xiaomi (1810.HK) and China Construction Bank (601939.SS). Separately, Goldman Sachs prime services data showed hedge fund net allocation to China increased to 8.5% as of end-October, up from 8.1% at end-September.

Persons: Morgan Stanley, Gilbert Wong, Stocks, Goldman Sachs, Summer Zhen, Edwina Gibbs Organizations: Global, Reuters, Investors, CSI, HK, China Construction Bank, Baidu, AIA, Thomson Locations: HONG KONG, China, Hong Kong, U.S

☆ Blinken Travels to Israeli-Occupied West Bank
▼ + stars: | 2023-11-05 | by ( Ronen Bergman | ) www.nytimes.com time to read: +7 min

Image Journalists were taken into northern Gaza for four hours on Saturday to see the extent of the Israeli military’s advance. Israeli military leaders took a small group of foreign journalists into northern Gaza on Saturday for four hours to witness the extent of the advance. A reporter for The New York Times was among them. On Saturday, it was a giant Israeli military camp. Saher Abu Adgham, 37, a Palestinian graphic designer, had been searching the streets of Gaza City for firewood to boil some rice.

Persons: Ronen Bergman, Iddo Ben, Anat, Ben, he’s, —, ”, Eitan, “ We’ll, Abu Adgham, “, Mr, Majdi Ahmed, ” Mr, Ahmed, ” Iyad Abuheweila, Abu Bakr Bashir, Patrick Kingsley Organizations: New York, The New York Times, New York Times, “, Times, The Times, Protect Journalists, Hamas Locations: Gaza, Israel, Gaza City, Hamas’s, Gaza . Credit, Cairo, London, Jerusalem

☆ Israel-Hamas War Israel Brings Reporters to Combat Zone Inside Gaza
▼ + stars: | 2023-11-05 | by ( Ronen Bergman | ) www.nytimes.com time to read: +6 min

Image Journalists were taken into northern Gaza for four hours on Saturday to see the extent of the Israeli military’s advance. Israeli military leaders brought a small group of foreign journalists into northern Gaza on Saturday for four hours to witness the extent of the advance. On Saturday, it was a giant Israeli military camp. Bloodier battles await the Israelis in Gaza City, where Hamas fighters are entrenched in their subterranean fortifications and are thought to be planning many more ambushes. Saher Abu Adgham, 37, a Palestinian graphic designer, had been searching the streets of Gaza City for firewood to boil some rice.

Persons: Ronen Bergman, Iddo Ben, Anat, Ben, he’s, —, ”, Eitan, “ We’ll, Abu Adgham, “, Mr, Majdi Ahmed, ” Mr, Ahmed, ” Iyad Abuheweila, Abu Bakr Bashir, Patrick Kingsley Organizations: New York, The New York Times, New York Times, “, The Times, Protect Journalists, Hamas Locations: Gaza, Israel, Gaza City, Hamas’s, Gaza . Credit, Cairo, London, Jerusalem

Global fundraising for alternative investments, which include private equity, dropped 21% to $972 billion in the year to Nov. 1 from the same period a year earlier, according to research firm Preqin. As their money becomes more vital, Gulf funds are encouraging private equity firms to invest locally in plans for a post-oil future. "Building a partnership based on reciprocity is nowadays necessary to succeed in the Gulf," said Francois Aissa-Touazi, co-global head of investor relations at private equity fund Ardian. Private equity funds are getting the message. In turn private equity funds can use these pools of capital to fund large private debt or equity transactions, according to Tikehau Capital's Deputy CEO, Frédéric Giovansili.

Persons: Amr Alfiky, Francois Aissa, Ardian, Touazi, Brookfield, Bruce Flatt, thronged, Flatt, Mohammed Al Jadaan, Anthony Diamandakis, Rishi Kapoor, Investcorp, Tikehau, Frédéric Organizations: United, United Arab Emirates, REUTERS, Rights, Global, Investment Initiative, Public Investment Fund, Brookfield, Tikehau, CVC, Reuters, Thomson Locations: Abu Dhabi, United Arab, Rights RIYADH, LONDON, Davos, Saudi, Saudi Arabia, Riyadh, Dubai, Brookfield, Bahrain

☆ Saving for your child's college education? Here’s how to invest for the next 10 years, according to the pros
▼ + stars: | 2023-10-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Parents thinking of saving for their children's college education in around a decade could be in for some sticker shock. Breaking down the costs U.S. college tuition inflation averaged 12% annually from 2010 to 2022, according to T. Rowe Price, citing research by Education Data Initiative . Even assuming a more modest 5% annual inflation rate, the estimated total college cost could be as high as $383,823, she said. That college tuition bill 10 years from now — taking the $165,000 as a baseline and assuming a 3% normalized inflation rate and tuition inflation of 6% — could hit $295,000, according to Ebright. "It is important to maintain some exposure to growth assets as tuition inflation has traditionally been higher than the broader economy," Shen said.

Persons: Laura Suter, AJ Bell, Rowe Price, Wenting Shen, Shen, Alan Ebright, they're, AJ Bell's Suter, Rowe Price's Shen, Berkshire Hathaway, Suter Organizations: CNBC, AJ, Education Data Initiative, College Board, Check Capital Management, University of California, Securities, Berkshire, Fidelity Emerging Markets, Companies, Fidelity Locations: U.S, Asia, Britain, United States, Berkshire

If U.S. and Chinese growth holds up, the investment landscape will need to be redrawn too. Reuters Image Acquire Licensing RightsBut what if peak bond bearishness is already upon us? As Societe Generale's Albert Edwards points out, once the quarterly deflator is factored in, nominal GDP growth in the third quarter was actually only 3.5%. Reuters Image Acquire Licensing RightsEqually, U.S. stocks look expensive if high yields start to choke the economy. Reuters Image Acquire Licensing Rights(The opinions expressed here are those of the author, a columnist for Reuters.)

Persons: Florence Lo, Societe Generale's Albert Edwards, Chris Iggo, Jamie McGeever, Chizu Organizations: REUTERS, Rights, Societe Generale's, World Bank, International Monetary Fund, of America's, HSBC, Reuters, AXA Investment, Bank of America's, Thomson Locations: Rights ORLANDO , Florida, United States, China, Atlanta, Beijing, Europe, U.S, Bank

The 40-year bond bull market - a slow-inflating bubble like any other to some people - has crashed. Bank of America chart on survey of global funds' bond positioningBond Multiverse Returns Flip Positive2008... OR 2000? Of course, bond bubbles and bursts - at least for top-rated sovereigns - are not same as their equity counterparts, even if the short-term performance of bond funds seems to ape them. But for bond funds praying for a shorter-term price performance pickup, the situation looks nervier. With such an ephemeral variable at work, picking a durable turn in the battered bond market may prove fiendishly difficult.

Persons: Jason Lee, That's, Fed's, Olivier Davanne, midyear, Davanne, Mike Dolan Organizations: Hong, REUTERS, Treasury, U.S, Bank of America's, Federal Reserve, of America, Bloomberg, Invest, Reuters, Thomson Locations: Hong Kong, Paris

☆ In a world of competing stock market narratives, only one is holding true
▼ + stars: | 2023-10-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

No trend in market direction Try to find evidence that the market supports any of these narratives. The ETF to watch is Vanguard Megacap Growth . By contrast, the other 493 stocks in the S & P 500 are seeing earnings projections lower (Q3) or flat (Q4). Apple Q3: up 7% Q4: up 12% Microsoft Q3: up 13% Q4: up 14% Amazon Q3: up 107% Q4: up 2,091% (!) Nvidia Q3: up 471% Q4: up 316% Meta Q3: up 122% Q4: up 176% Tesla Q3: down 30% Q4: down 28% Source: Factset

Persons: Tomas Lee, There's, Russell, Tesla Organizations: Bank of America Global Fund, Apple, Meta, Microsoft, Nvidia, Tesla

☆ A widely followed Wall Street survey shows investors turning bearish again, raising cash levels
▼ + stars: | 2023-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Professional investors are turning more bearish again amid the current macro backdrop, according to a closely watched Wall Street survey from Bank of America. The bank's Global Fund Manager survey showed investors have upped their cash levels and are maintaining a pessimistic outlook on growth and the economy. Specifically, strategist Michael Hartnett said the cash allocation among those surveyed increased to 5.3% from 4.9%, while staying neutral on stocks. "1 out of 4 [fund manager survey] investors expect that there will be no recession in the next 18 months," Hartnett said. A record number of respondents also indicated that monetary policy remains too tight, while fiscal policy is too easy.

Persons: Michael Hartnett, Hartnett, —, — CNBC's Michael Bloom Organizations: Bank of America, Global, Reserve

Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Masato Kanda, vice finance minister for international affairs at Japan's Ministry of Finance (MOF), also said that if excessive moves occurred in the currency market, the government would take steps such as raising interest rates or intervening in the market. "We will firmly take appropriate steps when necessary," Kanda told reporters during an ad hoc news conference. Various factors determine currency rates and long-term interest rates are "only one factor", Kanda said. "Relatively speaking, global funds are still flowing into the dollar, yen and Swiss franc and pound, with many people describing the moves as 'textbook-style' moves," he said, referring to safe-haven flows.

Persons: Masato Kanda, Issei Kato, Kanda, Tetsushi, Toby Chopra, Mark Potter Organizations: Reuters, Finance Ministry, REUTERS, Rights, Swiss, Japan's Ministry of Finance, International Monetary Fund, Hamas, Thomson Locations: Tokyo, Japan, Israel, Palestinian

☆ This bearish fund manager thinks the U.S. is headed for a debt crisis. Here's what he's buying
▼ + stars: | 2023-10-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The U.S. is headed for a major debt crisis due to its fiscal deficit being at the "worst structural point since World War II," according to value investor Matthew McLennan. Over the past two decades, the federal government had its smallest budget deficit of $0.16 trillion in 2007, just before the global financial crisis. The hedge Given his bearish view, McLennan prefers gold as an investment hedge. Stocks Beyond gold, McLennan said he sees value in stocks like Meta and Oracle , two of the top equity holdings in the Global Fund. McLennan said his fund has owned Oracle since it launched an AI-powered database five years ago.

Persons: Matthew McLennan . McLennan, McLennan, hasn't, it's, you've, Meta, OpenAI Organizations: Global Fund, Security, Treasury, Meta, Oracle, Nvidia, Microsoft Locations: U.S, United States

KARACHI, Pakistan, Oct 5 (Reuters) - Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx (UNIV.PSX) the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. "We are carving out and acquiring the e-commerce logistics business which currently operates under the brand name BlueEx. This is not an acquisition of Universal Network System Limited as a whole," said Salman Allana, founder and CEO of Rider. If the transaction goes through, this will be the first acquisition of a listed company by a startup, and the first major acquisition of a company listed on Pakistan's Growth Enterprise Market (GEM) board at the Pakistan Stock Exchange (PAKS.PSX). While Rider has not disclosed the transaction value, it claims the acquisition will make Rider the third largest player in the ecommerce logistics space.

Persons: Salman Allana, Rider, Allana, Ariba Shahid, Michael Perry Organizations: Express Courier Logistics Company, Reuters, Venture, Universal Network System, Pakistan Stock Exchange, GEM, YCombinator, Global Founders Capital, Flexport, i2i Ventures, Fatima, Ventures, Soma, Rebel Fund, Thomson Locations: KARACHI, Pakistan, Karachi

☆ Column-Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

Treasury bond indexes are down as much as 2.5% this year, not a huge move and most of it has come since Federal Reserve policymakers published their upwardly revised median policy projections on Sept. 20. For an investor with a typical portfolio weighted 60% stocks and 40% bonds, these losses are more than offset by double-digit equity returns. Their base case is for a 14% return on 10-year Treasuries, rising to 20% in the event of recession. Even in their upside scenario of a more resilient economy, 10-year Treasuries should return around 10% over the coming year, they estimate. Commodity Futures Trading Commission data, meanwhile, showed that asset managers had built up a then record net long position in 10-year Treasuries futures of 1.26 million contracts by mid-January.

Persons: Kevin Lamarque, ”, Keith Lerner, Jonathan Duensing Organizations: Department of, U.S . Treasury, REUTERS, U.S, Treasuries, U.S ., Bank of America, Treasury, Bloomberg U.S, ICE, Advisory, Fed, UBS, Bank of, Futures, Amundi, Reuters Locations: ORLANDO, Florida, Washington , U.S, U.S . Republic, Treasuries

☆ Bonds eye Q4 salvation in another year to forget: McGeever
▼ + stars: | 2023-10-03 | by ( Jamie Mcgeever | ) www.reuters.com time to read: +5 min

☆ Outperforming portfolio manager names 5 discounted global stocks to buy right now
▼ + stars: | 2023-10-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Many stocks have become "a bit cheaper" and investors could get good returns, according to one portfolio manager. "Now, we've seen quite a lot of stocks coming up and there's quite a lot of discounted stocks out there," he said. "So we've been looking a lot at the industrials and consumer stocks that have been quite beaten up in the last few months. He was previously portfolio manager of the Orca Global Fund, which is now closed. Five discounted names He named these five global stocks in the industrials and consumer sectors: Germany's DHL and Siemens , Hong Kong's Techtronic , China's Nari and India's Infosys .

Persons: Ted Alexander, BML, CNBC's, we've, Alexander, Hong Kong's, China's, Techtronic Organizations: Global Fund, Orca Global Fund, Nasdaq, Germany's DHL, Siemens, Hong, India's Infosys, Infosys

☆ France pledges $150 million to UN's IFAD fund for rural areas
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

French President Emmanuel Macron visits the construction site of Notre-Dame de Paris Cathedral, which was damaged in a devastating fire, with his wife Brigitte Macron, Britain's King Charles and Queen Camilla in Paris, on the second day of their State visit to France, September 21, 2023. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsPARIS, Sept 24 (Reuters) - French President Emmanuel Macron pledged to invest $150 million in the International Fund for Agricultural Development (IFAD) to fight poverty and climate change in rural areas. IFAD is a Rome-based United Nations agency working to address poverty and hunger in developing countries' rural areas. France also committed to give 40 million euros ($43 million) to the U.N.'s global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), during 2023-2026, French Secretary of State for Development and International Partnerships Chrysoula Zacharopoulou said. ($1 = 0.9388 euros)Reporting by Sybille de La Hamaide and Camille Raynaud; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Macron, Brigitte Macron, Britain's King Charles, Queen Camilla, Hannah McKay, Macron, IFAD, Chrysoula Zacharopoulou, Sybille de La Hamaide, Camille Raynaud, Emelia Sithole Organizations: Notre, Dame de Paris Cathedral, REUTERS, Rights, International Fund for Agricultural Development, Global Citizen, United Nations, State, Development, Thomson Locations: Paris, France, New York, Rome, French

☆ France Pledges $150 Million to U.N.'s IFAD Fund for Rural Areas
▼ + stars: | 2023-09-24 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

PARIS (Reuters) - French President Emmanuel Macron pledged to invest $150 million in the International Fund for Agricultural Development (IFAD) to fight poverty and climate change in rural areas. France decided to host and organise the 13th replenishment of IFAD, and was now launching a call for contributions by making the commitment, Macron said in a video message broadcast during a charity concert organized in New York by non-profit group Global Citizen. IFAD is a Rome-based United Nations agency working to address poverty and hunger in developing countries' rural areas. France also committed to give 40 million euros ($43 million) to the U.N.'s global fund for education in emergencies and protracted crises, Education Cannot Wait (ECW), during 2023-2026, French Secretary of State for Development and International Partnerships Chrysoula Zacharopoulou said. ($1 = 0.9388 euros)(Reporting by Sybille de La Hamaide and Camille Raynaud; Editing by Emelia Sithole-Matarise)

Persons: Emmanuel Macron, Macron, IFAD, Chrysoula Zacharopoulou, Sybille de La Hamaide, Camille Raynaud, Emelia Sithole Organizations: PARIS, International Fund for Agricultural Development, Global Citizen, United Nations, State, Development Locations: France, New York, Rome, French

REUTERS/Thomas White/Illustration Acquire Licensing RightsMUMBAI, Sept 22 (Reuters) - Indian bond markets won't see a jump in volatility in the near-term after JPMorgan (JPM.N) announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. He also pointed to investment-grade credit in Asia and higher quality emerging market bonds, in a "tilt towards quality" as macro uncertainties persist.

Persons: Thomas White, Neeraj Seth, Seth, Divya Chowdhury, Savio Shetty, Alex Richardson Organizations: REUTERS, Rights, JPMorgan, Asia Pacific, Government, BlackRock, Reuters Global Markets, Thomson Locations: India, Rights MUMBAI, Asia, Mumbai

☆ JPMorgan adding India local govt bonds to index to trigger higher inflows
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +3 min

India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. "India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global Diversified (.JPMGBIEMGD), and approximately 8.7% in the GBI-EM Global index," said JPMorgan. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. The Indian rupee rose 0.3% in offshore trade before local markets opened while traders expected local bond yields to fall sharply.

Persons: Thomas White, ”, Sanjeev Sanyal, Aftab Ahmed, Rodrigo Campos, Sarita Singh, Chris Reese, David Gregorio, Christian Organizations: REUTERS, JPMorgan, Government Bond, Global, Council, Securities, DBS, Thomson Locations: India, Egypt, New Delhi, New York

☆ Investors riddled with FOMO might be re-entering the US stock market
▼ + stars: | 2023-09-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market. That suggests that investors who watched equities steadily climb higher this year are starting to take their cash off the sidelines and put it into the stock market, some investors say. That’s caused some investors to come down with a classic case of fear-of-missing-out, says Saira Malik, chief investment officer at Nuveen. The data-dependent central bank held rates steady on Wednesday and signaled that it could hike rates once more this year. Still, bond yields rose to their highest level since 2007 this week, as investors bet that the central bank will keep rates higher for longer.

Persons: Saira Malik, Malik, I’ll, ”, Alex McGrath, Samantha Kelly, she’s, Sam, Read, Elon, Jennifer Korn Organizations: CNN Business, Bell, CNN — Investors, Global, Bank of America, Federal Reserve, Tech, Nvidia, Apple, Microsoft, Traders, Apple Watch, smartwatches

☆ China's attempts to boost markets and investor confidence have flopped
▼ + stars: | 2023-09-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Key gauges of Chinese stocks have hit their lowest levels in about 10 months. Global funds have withdrawn $3.8 billion this month, despite Beijing's effort to boost markets. Trading activity has also slowed in September, falling 32% from the first week of the month. AdvertisementAdvertisementAdded to that are the Federal Reserve's high interest rates, which have made Treasury markets an attractive investing alternative. Meanwhile, global funds have shed $3.8 billion from onshore Chinese stocks, following a $12 billion selloff in August.

Organizations: Service, CSI, Federal, Fed Locations: Wall, Silicon, China, Beijing, Shanghai, Shenzhen, Hong Kong, outflows

☆ Climate Change Hitting Fight Against AIDS, TB and Malaria
▼ + stars: | 2023-09-17 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Jennifer RigbyLONDON (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. International initiatives to fight the diseases have largely recovered after being badly affected by the COVID-19 pandemic, according to the Fund’s 2023 results report released on Monday. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. The Fund also helped put 24.5 million people on antiretroviral therapy for HIV, and distributed 220 million mosquito nets. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite.

Persons: Jennifer Rigby LONDON, Peter Sands, Sands, Jennifer Rigby, Jane Merriman Organizations: Global Fund, AIDS, Tuberculosis, Malaria, Fund, UN, Assembly Locations: Africa, Sudan, Ukraine, Afghanistan, Myanmar

LONDON, Sept 18 (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. International initiatives to fight the diseases have largely recovered after being badly affected by the COVID-19 pandemic, according to the Fund’s 2023 results report released on Monday. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. The Fund also helped put 24.5 million people on antiretroviral therapy for HIV, and distributed 220 million mosquito nets. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite.

Persons: Peter Sands, Sands, Jennifer Rigby, Jane Merriman Organizations: Global Fund, AIDS, Tuberculosis, Malaria, Fund, UN, Assembly, Thomson Locations: Africa, Sudan, Ukraine, Afghanistan, Myanmar

REUTERS/Magali Druscovich/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Climate change and conflict are hitting efforts to tackle three of the world's deadliest infectious diseases, the head of the Global Fund to Fight AIDS, Tuberculosis and Malaria has warned. But the increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without “extraordinary steps”, said Peter Sands, executive director of the Global Fund. For example, malaria is spreading to highland parts of Africa that were previously too cold for the mosquito carrying the disease-causing parasite. For example, in 2022, 6.7 million people were treated for TB in the countries where the Global Fund invests, 1.4 million more people than in the previous year. For example, he said, many countries with the highest burden of TB are middle-income countries that have more capacity to fund health services domestically.

Persons: Magali, Peter Sands, Sands, Jennifer Rigby, Jane Merriman, Edwina Gibbs Organizations: REUTERS, Global Fund, AIDS, Tuberculosis, Malaria, UN, Assembly, Global, Thomson Locations: Buenos Aires, Argentina, Africa, Sudan, Ukraine, Afghanistan, Myanmar

U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. And none of the 222 funds polled expected China economic growth to be any higher next year than this - mirroring a recent Reuters survey of domestic and overseas banks and investors. As these sorts of surveys go, there's an awful lot in there that could spell "peak gloom". Indeed, shorting China equities was deemed the second "most crowded trade" behind long exposure to supercharged Big Tech stocks. Even if the economy turns, political catalysts for a return to China may be slow in coming.

Persons: Aly, Gina Raimondo's, it's, Jamie Dimon, Jay Clayton, Jenny Johnson, Franklin Templeton, Willem Sels, Mike Dolan, Sharon Singleton Organizations: REUTERS, . Commerce, Bank of, Big Tech, Reuters, Reuters Graphics Reuters, JPMorgan, Investments, The Ontario Teachers, Caisse, Franklin, HSBC Private Banking, Thomson Locations: Shanghai, Shenzhen, China, loggerheads, Wall, Asia, Silicon Valley, Hong Kong, Temasek, Bridgewater, Blackrock, India, Indonesia, Washington, United States

Search resuls for: "Global Fund"

25 mentions found