Asian hedge funds’ 2024 performance best in 15 years
By Summer Zhen HONG KONG (Reuters) – Asian hedge funds delivered their strongest returns in 15 years last year, capitalising on market volatility, winners in China’s wobbly economy and opportunities in artificial intelligence (AI). The HFRI Asia with Japan Index, which tracks
Geberit CEO expects stable, slightly positive US construction market ahead of Trump term
(Reuters) – Swiss plumbing products maker Geberit (SIX:GEBN) expects the construction market in the United States to be stable this year, Chief Executive Christian Buhl said on Thursday. “We expect a stable, slightly positive market in the U.S.,” Buhl
Europe’s STOXX 600 at five-week high as luxury firms, chipmakers jump
By Shashwat Chauhan (Reuters) – European shares advanced on Thursday, as heavyweight luxury stocks got a boost following Richemont (SIX:CFR)’s upbeat earnings update and semiconductor firms gained after Taiwan Semiconductor Manufacturing Co (TSMC) reported a record quarterly profit. The pan-European
Bull market remains intact, UBS says
Investing.com — The rapid rise in interest rates over recent weeks has fueled volatility in US equities, but UBS strategists believe that the bull market “remains intact” thanks to solid earnings growth and a supportive Federal Reserve. The investment bank projects
Whitbread UK sales steady, Germany shines
Investing.com — Whitbread (LON:WTB) on Thursday reported a modest sales in the UK for the third quarter of fiscal year 2025. The owner of Premier Inn, reaffirmed its five-year growth plan, with no changes to its previously stated outlook