Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Economy

EU considers restarting WTO case against US over steel tariffs - Bloomberg News

The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit each other with

EU considers restarting WTO case against US over steel tariffs - Bloomberg News
Economy

Take Five: Grinch or Santa - which Fed will it be?

The last big central bank push of the year is here with the Fed, the ECB and the Bank of England among the big hitters meeting while markets try to discern if a U.S. recession is

Take Five: Grinch or Santa - which Fed will it be?
Economy

Yellen says Fed performance strong, U.S. economy robust

U.S. Treasury Secretary Janet Yellen said on Thursday the U.S.

Yellen says Fed performance strong, U.S. economy robust
Economy

US household wealth falls in third quarter

U.S. household wealth fell to roughly $151 trillion in the third quarter, pulled down by a drop in the value of stocks which more than offset a half-trillion rise in the value of property

US household wealth falls in third quarter
Economy

US mortgage rates fall to nearly 4-month low - Freddie Mac

Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four months on the back of a bond market rally that has driven down yields

US mortgage rates fall to nearly 4-month low - Freddie Mac
Economy

US monetary policy "appropriate", should remain at current levels to reduce inflation -IMF

Monetary policy in the United States continues to be appropriate, and interest rates will need to remain at current levels in order to "durably" reduce inflation, the International

US monetary policy "appropriate", should remain at current levels to reduce inflation -IMF
Economy

EU watchdog tells top credit raters to tighten internal controls

The European Union's securities watchdog said on Thursday it had ordered top rating agencies to take action to ensure that their ratings of collateralised loan obligations (CLOs)

EU watchdog tells top credit raters to tighten internal controls
Economy

Factbox-Global investment banks see yuan recovery in second half of 2024

Global investment banks see the yuan facing continued downside pressure in the first half of 2024 before turning around over the following six months on views that the U.S.

Factbox-Global investment banks see yuan recovery in second half of 2024
Economy

Slowing China trend growth means better opportunities elsewhere - BlackRock Investment Institute

Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world's number two economy, senior executives at BlackRock Investment

Slowing China trend growth means better opportunities elsewhere - BlackRock Investment Institute
Economy

Hedge fund Kintbury takes short position in BT

Ex Millennium trader and founder of hedge fund Kintbury Capital, Chris Dale says he is short the British telecommunications company, BT.

Hedge fund Kintbury takes short position in BT
Economy

US banking regulator warns on risks of 'buy now, pay later'

A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular "buy now, pay later" financing for retail spending, saying the service

US banking regulator warns on risks of 'buy now, pay later'
Economy

Wall Street bank bosses warn lawmakers of economic toll from tough new rules

Wall Street bank bosses warned lawmakers on the Senate Banking Committee on Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators

Wall Street bank bosses warn lawmakers of economic toll from tough new rules
Economy

US private payrolls miss expectations in November

U.S. private payrolls increased less than expected in November as the labor market gradually cools.

US private payrolls miss expectations in November
Economy

Bank of England says UK coping with higher rates for now but sees risks ahead

British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to

Bank of England says UK coping with higher rates for now but sees risks ahead
Economy

Yellen: economists who predicted U.S. high unemployment 'eating their words'

U.S.

Yellen: economists who predicted U.S. high unemployment 'eating their words'
Economy

Hedge funds sold stocks last week, led by financials and staples

Global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities note about

Hedge funds sold stocks last week, led by financials and staples
Economy

US bank bosses predict soft landing as consumers stay resilient

U.S. bank chiefs expressed more confidence in the economic outlook for 2024 after consumers and businesses showed surprising strength this year.

US bank bosses predict soft landing as consumers stay resilient
Economy

US service sector picks up in November - ISM

The U.S. services sector picked up in November amid an increase in business activity, although new orders remained flat and a gauge of input inflation dipped as the lagged effects of

US service sector picks up in November - ISM
Economy

Alecta to lead class action against First Republic Bank

Swedish pension fund Alecta said on Tuesday it had been appointed by a U.S. court to lead a class action against First Republic Bank aimed at recovering as much capital as

Alecta to lead class action against First Republic Bank
Economy

Marketmind: Small caps pick up baton, China rating hit

A look at the day ahead in U.S. and global markets from Mike Dolan As the S&P500 stalled on Monday at its high for the year, taking a breather from last week's 'peak rates' rally, smaller U.S. stocks

Marketmind: Small caps pick up baton, China rating hit
Economy

Jefferies sets up investment banking unit in Canada to boost international expansion

Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion even as some of

Jefferies sets up investment banking unit in Canada to boost international expansion
Economy

Factbox-Tech firms, Wall Street lead job cuts in Corporate America

Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in

Factbox-Tech firms, Wall Street lead job cuts in Corporate America
Economy

German exports unexpectedly drop in October

German exports unexpectedly fell in October, edging down 0.2% on the previous month as demand in the European Union slumped, data from the federal statistics office showed on Monday

German exports unexpectedly drop in October
Economy

S&P 500 rises to highest close of 2023 amid rate cut optimism

The benchmark S&P 500 index closed at its highest level of the year on Friday amid growing optimism the Federal Reserve was done raising U.S. interest rates and could begin to cut

S&P 500 rises to highest close of 2023 amid rate cut optimism
Economy

Fed hawks, doves, and centrists: How US central bankers' views are changing

The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market

Fed hawks, doves, and centrists: How US central bankers' views are changing

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