By Reuters Staff
1 Min Read
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar
(Reuters) - U.S.-based stock funds attracted $7.8 billion in the week to Wednesday, as the S&P 500 traded near a record high, according to Lipper data released on Thursday.
U.S. taxable bond funds pulled in $5.7 billion, the ninth straight weekly inflow, while money market funds drew $17.3 billion, the Lipper data showed.
Reporting by Noel Randewich; Editing by Leslie Adler
Mexico's government will inject between $1.3 billion and $1.6 billion into state oil company Petroleos Mexicanos (Pemex) this year and offer a tax break of 75 billion Mexican pesos ($3.68 billion), a senior official told Reuters on Thursday.
Germany's health minister is demanding more government money for his department next year, a government source told Reuters, stretching the public finances as tax revenues dwindle.
The U.S. Securities and Exchange Commission (SEC) on Tuesday sued Morningstar Credit Ratings LLC for allegedly violating U.S. securities laws in rating commercial mortgage-backed securities, the regulator said in a statement.
Investor sentiment in Germany rose by far more than expected in February on expectations consumption will take off in the coming six months, the ZEW economic research institute said on Tuesday, buoying the outlook for Europe's largest economy.