Category: Reuters
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World stocks shine after cautious ECB rate cut By Reuters
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Written by Mark Jones and Koh Gui Cheng NEW YORK/LONDON (Reuters) – Global stocks hit all-time highs and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves may take some time. Policymakers at…
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Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focus By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – Wall Street struggled for direction on Thursday as artificial intelligence favorite Nvidia (NASDAQ:) fell after a tech-led rise in the previous session, and investors awaited a key labor market report before the Federal Reserve meets next week to decide on…
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Steady euro takes ECB rate cut in stride By Reuters
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Written by Alden Bentley, Alun John and Ray Wee NEW YORK/LONDON/SINGAPORE (Reuters) – The euro fluctuated in a narrow range on Thursday after the European Central Bank cut interest rates from record high levels after months of anticipation, rising and then falling briefly with the results of the European Central…
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KKR, GIP lead $25 billion regional infrastructure tie-up, US says By Reuters
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SINGAPORE (Reuters) – KKR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed an alliance to invest $25 billion in infrastructure in the Indo-Pacific region, U.S. Commerce Secretary Gina Raimondo said on Thursday. Raimondo, who was speaking in Singapore, said the investment will include green data centers…
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Country Garden’s Hong Kong liquidation hearing further adjourned to July By Reuters
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HONG KONG (Reuters) – Hong Kong’s High Court has postponed a hearing on a petition seeking the Chinese property developer’s liquidation to July 29, Embatled Country Garden said in a filing on Thursday. The company did not provide a reason for the delay. The hearing was originally adjourned to June…
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Boeing CEO to testify before US Senate panel on June 18 By Reuters
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Written by David Shepardson and Alison Lambert WASHINGTON (Reuters) – Boeing (NYSE:) CEO Dave Calhoun will testify before a U.S. Senate committee on June 18 after a series of accidents raised safety and quality concerns and prompted regulators to cap the planemaker’s production of its best-selling planes. 737. The highest.…
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Indonesia central bank to continue intervention to stabilise rupiah By Reuters
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Written by Stefano Soliman JAKARTA (Reuters) – Indonesia’s central bank will continue to intervene in the foreign exchange market to stabilize the rupiah, the governor said on Wednesday, adding that the currency will strengthen next year. The rupee recovered some of its losses on Wednesday to reach $16,265 by 0603…
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Walmart offers bonus program to about 700,000 hourly US store workers By Reuters
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Written by Siddharth Kavali BENTONVILLE, Arkansas (Reuters) – Walmart Inc will pay bonuses to hourly workers at its U.S. stores, including those at pharmacies and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line employees. Both part-time and full-time associates will…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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Dollar edges up ahead of key data, Bank of Canada policy meeting By Reuters
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Written by Stefano Ribaudo (Reuters) – The dollar rose ahead of key U.S. economic data on Wednesday, with investors also awaiting a monetary policy meeting in Canada that could trigger a cycle of interest rate cuts. Investors are awaiting US services data on Wednesday, and more jobs numbers later in…
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Futures edge higher as rate-cut bets tick up; key data awaited By Reuters
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(Reuters) – US stock index futures rose on Wednesday as investors increased their bets on an earlier start to interest rate cuts by the Federal Reserve (the US central bank) this year than previously expected, after a series of economic data that indicated a slowdown in growth. Economic. Wall Street…
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Swiss Finance Minister flags legal risks to winding up global banks By Reuters
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ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…
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BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports By Reuters
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(Reuters) – A group backed by BlackRock Inc (NYSE:) and Citadel Securities Inc. plans to start a new national securities exchange in Texas, the Wall Street Journal reported on Tuesday. The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange…
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Cannabis producer Green Thumb explores merger with Boston Beer, letter shows By Reuters
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(Reuters) – Cannabis producer Green Thumb Industries (OTC:) is ready to submit an offer for a potential merger deal with US-based brewer Boston Beer (NYSE:), according to a letter seen by Reuters. The merger will allow the cannabis production company, currently listed in Canada, to also be listed on a…
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US dollar rebounds from multi-month lows, yen rallies By Reuters
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By Gertrude Chavez-Dreyfus and Harry Robertson NEW YORK/LONDON (Reuters) – The U.S. dollar rose on Tuesday after falling overnight to its lowest levels against the euro, sterling and Swiss franc since mid-March, as investors consolidated gains in other currencies ahead of a key nonfarm payrolls report later this week. .…
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Wall Street set to open lower as fears of sluggish growth increase By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – U.S. stock futures fell on Tuesday as investors grew more concerned about the strength of the world’s largest economy, even as they awaited a slew of reports this week to gauge the extent of slowing growth. Data on Monday showed…
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Analysis-Gaza war rattles European politics from the left By Reuters
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Written by Reham Al-Koussa, Lily Foroudi, and David Latona BERLIN/PARIS/MADRID (Reuters) – Nader Aslam, a German of Moroccan-Pakistani origin, had planned to vote for the Green Party in this week’s European Parliament elections. Instead, he will throw his support behind Mera25, an emerging left-wing party with a clear pro-Palestinian stance.…
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Central banks turn cautious on China’s yuan, keen on dollars and gold By Reuters
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Written by Alun John LONDON (Reuters) – More global reserve managers intend to increase exposure to the currently high-yielding U.S. dollar as their interest in it deteriorates due to lower yields and geopolitical tensions, the official forum of monetary and financial institutions said. Data from a survey conducted by the…