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☆ Tuberculosis deaths rose during pandemic, reversing years of decline, WHO says
▼ + stars: | 2022-10-27 | by ( Bhanvi Satija | ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - Global deaths from tuberculosis are estimated to have increased between 2019 and 2021, reversing years of decline as the COVID-19 pandemic severely derailed efforts to tackle the disease, the World Health Organization said on Thursday. Global efforts to tackle deadly diseases such as AIDS, tuberculosis and malaria have suffered during the COVID-19 pandemic. WHO urged the world to apply lessons learnt from the pandemic to tuberculosis, which severely affects countries such as India, Indonesia, the Philippines and Pakistan. WHO’s annual TB report estimates that tuberculosis killed 1.6 million people in 2021, above the estimated 1.5 million deaths in 2020, and 1.4 million deaths in 2019. Under its "End TB Strategy", the WHO set a target of reducing TB deaths by 35% from 2015 to 2020, but the net reduction was 5.9% between 2015 and 2021.

Societe Generale's contrarian strategist Albert Edwards said Britain's reawakening of the fabled 'bond vigilantes' would "reverberate around financial markets for years to come." And many read across to ebbing liquidity in U.S. Treasury markets for a take on Fed parameters this time around too. Bank of America's October survey of global fund managers, released on Tuesday, certainly backs that up. Register now for FREE unlimited access to Reuters.com Registerby Mike Dolan, Twitter: @reutersMikeD. Charts by Bank of America, Vincent Flasseur and Lewis Krauskopf; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Liontrust reported net outflows of 1.6 billion pounds ($1.80 billion) in the July-September quarter, while Man Group posted net outflows of $500 million, compared with a $900 million consensus forecast. Quilter saw net inflows slow to 200 million pounds in the third quarter, compared with 1 billion pounds last year, while Rathbones' net inflows came in at 67 million pounds, following 1.43 billion pounds in outflows. Shares of Man Group dropped 5.3%, while Quilter shares shed 5%. Quilter's AUM at the quarter end was down by 1.8 billion pounds to 96.9 billion pounds. Rathbones' AUM fell to 57.9 billion pounds from 58.9 billion pounds at June-end, while Liontrust's slipped to 31.7 billion pounds over the same period.

Oct 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeeverWhisper it, but the rebound underway on Wall Street - which is lifting markets and risk appetite everywhere - may have legs. This should put Asian markets on a positive footing on Wednesday. Register now for FREE unlimited access to Reuters.com RegisterU.S. earnings are rolling in nicely, with some notable beats like Bank of America and Goldman Sachs. The issues that crushed markets this year - rapid tightening of policy and financial conditions, growth fears, sticky inflation and messy fiscal policy - haven't gone away. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Investor survey signals start of "policy capitulation" - BofA
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MILAN, Oct 18 (Reuters) - Investors raised cash levels further in October as sentiment towards the economic outlook remained close to max bearishness, the latest global fund manager survey (FMS) by BofA showed on Tuesday, although expectations of a policy pivot grew. "FMS screams macro capitulation, investor capitulation, start of policy capitulation," BofA said in the survey. The share of investors anticipating lower short-term rates in the next 12 months doubled to 28% in October from 14% in September and versus only 5% in March, it said. BofA polled 371 panelists overseeing $1.1 trillion in assets between October 7 and October 13. Register now for FREE unlimited access to Reuters.com RegisterReporting by Danilo Masoni, editing by Alun JohnOur Standards: The Thomson Reuters Trust Principles.

☆ Investors are nearing capitulation and setting up for 'another bear rally,' BofA survey shows
▼ + stars: | 2022-10-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

For the third prong of BofA's capitulation test, the policy outlook also is getting closer, with respondents seeing interest rate cuts and lower bond yields ahead. However, investors are much closer to peak-fear capitulation when it comes to the economy and market outlook. A net 72% of survey respondents see global growth declining over the next year, just off the all-time low. However, he also noted that the rising pessimism has still been met with positive flows to equity funds, "suggesting no sign yet of capitulation from retail/institutional investors." The survey indicated the most crowded trade to be long the U.S. dollar, followed by short U.S. stocks and long ESG assets.

☆ A curious rally is occurring Tuesday in one of the hardest hit stock groups
▼ + stars: | 2022-10-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

The bond market splashes some cold water on the stock market's attempt at upside follow-through to Monday's strong but familiar one-day pop. It happened just as the S & P 500 revisited the "island" left by its early-October rally. The October high of 3,806 remains an initial mile-marker with tests all the way up to the 200-day average around 4,150. This is a precondition for a serious rally that challenges the entrenched downtrend, but not in itself enough to make one happen. It's good to have a high wall of worry for stocks to climb, barring serious market instability.

☆ Global equity, bond funds see outflows for eighth successive week
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Global equity and bond funds faced outflows for the eighth time in a row in the week ended Oct. 12, Refinitiv Lipper data showed, undermined by worries over a recession as global interest rates surged further. According to the data, investors dumped $7.3 billion worth global equity funds and $14.27 billion worth bond funds. The equity outflows were focused on European equity funds, which witnessed net sales worth $7 billion, while U.S. equity funds had outflows of $2 billion. Register now for FREE unlimited access to Reuters.com RegisterGlobal fund outflowsAmong bond funds, European funds again led with outflows worth $8.8 billion, while U.S. bond funds had an outgo of $4.9 billion. EM flowsAmong commodity funds, precious metal funds had a small inflow of $83.2 million, while energy and industrial metal funds witnessed outflows.

REUTERS/Brendan McDermid/File PhotoOct 12 (Reuters) - Signs of stress are growing in the global financial system, sparking worries over everything from contagion between markets to ruptures in financial products. This week alone, a gloomy report from the International Monetary Fund flagged risks of “disorderly asset repricings” and “financial market contagions” while JPMorgan chief Jamie Dimon predicted a looming recession. Global financial conditions, which reflect the availability of funding, touched their tightest since 2009 in late September, an index compiled by Goldman Sachs showed, lifted by surging interest rates, falling equities and a soaring dollar. “There are dollar funding shortages.”The IMF's Global Financial Stability Report, released Tuesday, also highlighted specific risks in open-end investment funds and the leveraged loan market. U.S. Treasury Secretary Janet Yellen on Tuesday said she has not seen signs of financial instability in U.S. financial markets despite high volatility.

☆ Blackstone converts Indian property to safe haven
▼ + stars: | 2022-10-06 | by ( Una Galani | ) www.reuters.com time to read: +3 min

MUMBAI, Oct 6 (Reuters Breakingviews) - A global downturn could boost demand for Indian real estate. The investor-cum-landlord led by Steve Schwarzman has played a big role in developing a local market for real estate investment trusts. Now it’s preparing to float a collection of glitzy shopping malls in what would be only the country’s fourth publicly traded REIT. Indian real estate trusts outperform U.S. peersFollow @ugalani on Twitter(The author is a Reuters Breakingviews columnist. On Sept. 27, Blackstone raised $325 million from selling an 8.1% stake in Embassy Office Parks REIT, per IFR.

☆ Audit breakthrough fails to lure investors into China ADRs
▼ + stars: | 2022-09-29 | by ( Summer Zhen | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com RegisterChinese stocks trade in the United States as American Depositary Receipts (ADRs) - U.S. securities that represent foreign shares of a foreign company. Every time, there's another wind comes in that nobody could have seen," said Andy Maynard, global head of equities at China Renaissance Securities. U.S. regulators had long disputed China's refusal to grant them full access to company accountants and audit papers, which had threatened their listings. But a deal struck in August has paved the way for audit inspections to begin this month. Register now for FREE unlimited access to Reuters.com RegisterReporting by Summer Zhen; Editing by Tom Westbrook and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Public.com, an investing app backed by Will Smith and Maria Sharapova, is in talks to acquire Dutch trading startup Bux
▼ + stars: | 2022-09-28 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Investing app Public.com is in talks to acquire Dutch trading startup Bux, sources say. Bux was valued at an estimated $320 million to $480 million in 2021, but the expected deal price is lower. Investing app Public.com is in talks to acquire Dutch stock trading startup Bux, according to two sources with knowledge of the discussions. New York-based Public has been in active talks with Bux for two months, the sources said. Bux has never stated its valuation but was valued between $320 million and $480 million at its 2021 funding round, according to Dealroom estimates.

Index investors tend to favour international settlement platforms such as Euroclear but India has said it wants to settle bonds onshore, like China. GLOBAL AMBITIONIndia has sought to be included in global bond indexes since 2013, but that ambition has been held up by a number of factors over the years, and JP Morgan only began considering India's inclusion in its global bond index in 2021. If successful, India would be the last major emerging market to be added to the JP Morgan index. Its inclusion could result in additional flows of as much as $30 billion within 10 months into the Indian government bond market, Morgan Stanley estimated earlier this month. Most of JPMorgan's index investors are in favour of including India in the index, but think issues such as investor verification and settlement rules need to be ironed out first, three of the sources said.

☆ Analysis: Crowd of dollar bulls raises risk of violent pullback
▼ + stars: | 2022-09-26 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Some investors worry the dollar trade has become excessively crowded, raising the risk of a sharp unwind if the case for owning the currency changes and investors try to exit their positions all at once. International Monetary Market speculators held a net long U.S. dollar position of $10.23 billion for the week ended Sept. 20. Barring a brief period of peak pandemic-related uncertainty, broad net options positioning data going back to 2014 shows U.S. dollar long positions are the most stretched ever, according to Morgan Stanley. While a hotter-than-expected u.s. inflation report in August dashed those hopes and sent the dollar higher, the dangers stemming from the crowded dollar trade have only grown, investors said. But with the dollar scaling new multi-decade highs, positioning for a pullback can be painful.

☆ Bill Gates says he and his ex-wife, Melinda French Gates, plan to run foundation together for 25 more years
▼ + stars: | 2022-09-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Bill Gates and ex-wife Melinda French Gates hope to keep their foundation running for 25 more years, at which point he'll be 91 and French Gates will be 83. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Bill & Melinda Gates Foundation has been around for 25 years, and Bill Gates says that's just its halfway mark. Gates and Melinda French Gates established the philanthropic organization in 2000. In 25 years, Gates will be 91 years old, and French Gates will be 83. Alongside Warren Buffett, Gates and French Gates in 2010 created the Giving Pledge, which asks billionaires to publicly commit to give most of their wealth away to philanthropic efforts either during their lifetimes or in their wills.

U.S. President Joe Biden delivers remarks at the Global Fund’s Seventh Replenishment Conference in New York, U.S., September 21, 2022. While former president Donald Trump has long been considered the Republican frontrunner in 2024, recent polls show DeSantis higher in Florida. There’s no way we are going to escape the elephant in the room,” a senior Democratic official said of DeSantis. "I think he's great. I think he's doing a great job.

☆ Exclusive: Ariele's Rupal Bhansali says a regime change is underway for risk assets
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExclusive: Ariele's Rupal Bhansali says a regime change is underway for risk assetsRupal Bhansali, Portfolio Manager at Ariel International Fund & Ariel Global Fund, joins Worldwide Exchange to discuss what the Federal Reserve's third straight 75 basis point rate hike means for risk assets.

☆ Gaffes, controversy overshadow S.Korea's Yoon trips to U.N., London
▼ + stars: | 2022-09-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

REUTERS/Amr AlfikySEOUL, Sept 23 (Reuters) - A series of gaffes and controversies is overshadowing South Korean President Yoon Suk-yeol's first major overseas tour, sending his ratings plunging and inviting scathing criticism from some lawmakers even within his own party. This week, Yoon visited London for the funeral of Queen Elizabeth and then New York in his first U.S. trip to attend the U.N. General Assembly, before arriving in Canada on Thursday. His press secretary, Kim Eun-hye, dismissed the accusation, saying Yoon was referring to the South Korean parliament without mentioning Biden. Yoon and Biden had planned informal talks in New York, but ended up having just a 48-second chat at the Global Fund. Yoon's office said that was a "Plan B" due to changes in Biden's schedule, and said they also met in London when Yoon raised the EV subsidies issue.

☆ Hot mic catches South Korean president insulting US Congress, describing them as 'idiots'
▼ + stars: | 2022-09-23 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +1 min

South Korean President Yoon Seok-yeol was captured on a hot mic reportedly disparaging American lawmakers. Yoon was overheard calling members of US Congress "idiots" in a now-viral clip. The remarks were made after Yoon met with US President Joe Biden in New York City. Yoon and Biden met Wednesday at the Global Fund's Seventh Replenishment Conference in New York City. The South Korean president's remark was apparently in reference to Biden pledging $6 billion in funding to the Global Fund, an international organization that aims to defeat HIV, tuberculosis, and malaria.

CNN —A criticism of US lawmakers by the President of South Korea has gone viral on social media – after a hot mic picked him up using an expletive. In a video published by South Korean television broadcaster MBC on its official YouTube channel on Thursday, Yoon can be seen walking along the stage after chatting with Biden before turning to his aides and speaking. The Global Fund is an international organization trying to defeat HIV, TB and malaria across the developing world and Yoon’s remark appears to be a reference to Biden’s pledge to contribute $6 billion, which would require Congress approval. Many social media users have taken to mocking Yoon, while the expletive he used has become a popular search term on the South Korean online portal Naver. His remarks were not lost on members of the opposition liberal party who commented on the issue at Thursday’s National Assembly.

☆ Japan PM says to ease COVID border control requirements next month
▼ + stars: | 2022-09-22 | by ( John Mccrank | ) www.reuters.com time to read: +3 min

Japan has maintained some of the strictest border measures among major economies since the pandemic's onset, having effectively blocked entry to visitors for two years until it began a gradual reopening in June. "COVID-19, of course, interrupted all of these benefits, but from October 11, Japan will relax border control measures to be on par with the U.S., as well as resume visa-free travel and individual travel," he said. Japan's insistence that visitors obtain visas to enter the country and then adhere to planned, package tours has been a major sticking point. Prior to the pandemic, Japan had visa waiver agreements with nearly 70 countries and regions, including the United States, the European Union, and many Asian neighbors. From October 11, Japan will restore individual tourism and visa-waiver travel to people from certain countries as long as they are vaccinated.

☆ Pfizer to supply up to 6 mln COVID pill courses for lower income countries
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA 3D printed Pfizer logo is placed near medicines from the same manufacturer in this illustration taken September 29, 2021. Pfizer said the supply agreement is part of its strategy to facilitate equitable access to oral COVID treatments. Register now for FREE unlimited access to Reuters.com RegisterThe company has made a deal with several generic drugmakers to produce its treatment at a lower price for developing countries. "This agreement with Global Fund is a critical step that will boost equitable access for high-risk patients in low-and-middle income countries," Chief Executive Officer Albert Bourla said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Biden aims to rally world leaders behind Ukraine in U.N. remarks
▼ + stars: | 2022-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +5 min

WASHINGTON — President Joe Biden will use his remarks at the United Nations General Assembly Wednesday to rally the world in support of Ukraine as part of a broader call for countries to protect the established international order. Russia’s war in Ukraine has upended global food supplies and threatens to tip Europe into a recession this winter as the continent braces for a surge in energy costs. Biden is also facing heightened tensions with China, which has shown signs of increasing aggression towards Taiwan. Biden will reaffirm the U.S. commitment to help Ukraine defend itself for as long as necessary and call on others to do the same, Sullivan said. While in New York, Biden will meet Wednesday with United Nations Secretary-General Antonio Guterres and U.K. Prime Minister Liz Truss.

☆ Analysis: Rally in U.S. consumer stocks teeters with Fed, inflation in focus
▼ + stars: | 2022-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

read moreRegister now for FREE unlimited access to Reuters.com RegisterThe gains in the consumer discretionary sector may prove fleeting. read moreStill, some investors believe inflation and growth woes may already be largely reflected in many consumer discretionary shares. "But we're seeing a lot of consumer stocks that we think will hold up and come out of this in a better position." Consumer stocks are rallying despite looming Fed hikes. Global fund managers have remained bearish on consumer discretionary stocks despite recent gains, with nearly 25% of those surveyed by BofA Global Research this month underweight the sector - the most of any group.

U.S. President Joe Biden delivers remarks at the Global Fund’s Seventh Replenishment Conference in New York, U.S., September 21, 2022. REUTERS/Leah MillisUNITED NATIONS/NEW YORK, Sept 21 (Reuters) - The Global Fund to fight AIDS, tuberculosis and malaria on Wednesday reached $14.25 billion pledged as world leaders seek to fight the killer diseases after progress was knocked off course by the COVID-19 pandemic. The Global Fund said the $14.25 billion figure is likely to increase as more donations are expected. We will end AIDS, we will end tuberculosis, we will end malaria – once and for all," she said. Nigeria pledged $13.2 million, the Netherlands pledged 180 million euros and Indonesia pledged $15.5 million, alongside private sector pledges.

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