NEW YORK, June 22 (Reuters) – (This story from June 22 has been reposted to correct spelling of “Hillary” in paragraph 1) Bankrupt crypto exchange FTX on Thursday sued a former aide to Hillary Clinton and the former aide’s investment firm, seeking to recover $700 million in investments allegedly made with embezzled FTX funds. FTX … Read more
June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more
Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more
(1/2) People shop at a supermarket as inflation has hit consumer prices in Manhattan, New York, U.S., June 10, 2022. REUTERS/Andrew Kelly The producer price index fell by 0.3% in May PPI rises 1.1% year over year, smallest gain since 2020 PPI excluding food, energy, commercial services unchanged WASHINGTON, June 14 (Reuters) – U.S. producer … Read more
PBOC Cuts 7-Day Reverse Repo to 1.9% vs. 2.0% Prev. PBOC cuts 7-day repo rate by 10 basis points PBOC decision shows concerns over health of economy – analysts MLF rate and LPR could be cut by the same margin – analysts SHANGHAI/SINGAPORE, June 13 (Reuters) – China’s central bank on Tuesday cut its short-term … Read more
MSCI Asia ex-Japan hits highest level since April 21 Fed expected to back off rate hike this week Oil slides more than 1% on China worries SINGAPORE, June 12 (Reuters) – Asian stocks stalled in cautious trading on Monday as investors braced for central bank decisions in Europe, Japan and the United States this week, … Read more
(1/3) The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 5, 2023. REUTERS/Staff European stocks come out of the red Bond markets reassess rate expectations after Canada surprise The Turkish lira stabilizes after a 7% fall on Wednesday LONDON, June 8 (Reuters) – Borrowing costs … Read more
OTTAWA, June 7 (Reuters) – The Bank of Canada on Wednesday raised its benchmark rate to 4.75%, its highest level in 22 years, and markets and analysts are immediately pricing in another hike next month to rein in an economy overheating and stubbornly high inflation. The central bank had been on hold since January to … Read more
SINGAPORE, June 6 (Reuters) – Asian stocks rose on Tuesday as weak U.S. economic data bolstered expectations that the Federal Reserve could ignore an interest rate hike at its meeting next week. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.17%, brushing off earlier losses, while Tokyo’s Nikkei (.N225) gained 0.65%. Futures indicated … Read more
ZURICH, June 5 (Reuters) – The takeover of Credit Suisse (CSGN.S) by UBS Group (UBSG.S), organized by the Swiss authorities to avoid a wider banking crisis, is expected to be formalized as early as June 12, the the bank said Monday. The completion of the combination marks the final chapter for the 167-year-old institution after … Read more
