• White House breaks from federal guidance with hasty tweets
    2017-03-10 20:47:33 UTC

    A series of tweets by White House spokesman Sean Spicer on Friday commenting on strong February job creation figures may have run afoul of federal guidance barring most officials from commenting on key economic data within an hour of its release. The rule, Statistical Policy Directive Number 3, is meant to "preserve the distinction ...
  • Euro jumps to three- week high against the dollar
    2017-03-10 19:44:15 UTC

    The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. Sources told Reuters some ECB policymakers had suggested hiking rates from their current record lows before the end...
  • Oil fell, U.S. crude prices fell through the $50/barrel
    2017-03-09 21:04:48 UTC

    By Devika Krishna Kumar | NEW YORK — Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the effectiveness of the deal to curb a global glut. U.S. crude prices fell through the $50 a ...
  • Lightspeed is set to make its public market debut
    2017-03-01 20:09:45 UTC

    By Heather Somerville | SAN FRANCISCO — Lightspeed Venture Partners was launched in 1999 by four partners who were experts in enterprise software and early internet companies, making only the occasional investment into consumer technology companies. But then came the rise of social media. In 2006 Lightspeed hired Liew, who had b...
  • Ahead of Brexit, all eyes on Frankfurt
    2017-03-01 09:45:36 UTC

    By Huw Jones | LONDON — The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange (LSE.L) and Deutsche Boerse (DB1Gn.DE) merger to die. Although the Anglo-German tie-up is awaiting formal EU regulatory approval, the LSE said on...
  • Trump effect: U.S. inflation expectations at highest level since 2015
    2017-02-13 23:16:46 UTC

    A measure of U.S. inflation expectations rose for a second straight month in January to its highest level since mid-2015, according to a Federal Reserve Bank of New York survey released on Monday that reinforced the view that interest rates would keep climbing. The survey of consumer expectations, an increasingly influential gauge o...
  • U.S. economic growth slowed sharply in the fourth quarter
    2017-01-29 19:08:40 UTC

    U.S. President Donald Trump vowed during last year's election campaign to deliver 4 percent annual GDP growth, largely on the back of a plan to cut taxes, reduce regulations and increase infrastructure spending. Now the U.S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports,...
  • Australian PM: There is potential for China to join the TPP
    2017-01-24 05:53:33 UTC

    By Charlotte Greenfield and Stanley White | WELLINGTON/TOKYO Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations to join the trade pact after U.S. President Donald Trump kept his promise to pull out of the accord. The TPP, which the United S...
  • The danger of Trump's economic policies
    2017-01-18 04:07:30 UTC

    Protectionism has a certain appeal in every age and every nation, because of what we might call a piece of faulty wiring in the human brain. Our instincts were evolved on the savannahs of Pleistocene Africa. We have an ingrained tendency to provide against famine, to hoard food. Translated into the modern economy, this makes us f...
  • UK has no chance for full access to the EU after Brexit
    2017-01-12 00:52:19 UTC

    By Andrew MacAskill and Huw Jones | LONDON (Reuters) Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have come to the conclusion th...
  • Asia stocks shaky as FBI review of Clinton emails rattles markets
    2016-10-31 07:18:13 UTC

    SINGAPORE (Reuters) - Most Asian stocks struggled higher on Monday but investors were rattled by news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private server, just a week before the election. European markets also looked set for a shaky start, with financial spread...
  • Bank of England records no dissent over lowering bank capital buffer after Brexit vote
    2016-07-12 08:50:19 UTC

    No Bank of England policymakers objected to a decision to cut banks' capital requirements at a meeting in the wake of Britain's vote to leave the European Union, a record of their meeting showed on Tuesday. Last week the BoE's Financial Policy Committee lowered a capital requirement for banks, reversing a decision made in March in a...
  • EU: Populism is a 'dangerous' trend in Europe and U.S.
    2016-07-11 07:36:37 UTC

    Beijing — European Union Trade Commissioner Cecilia Malmstrom said the debate in the United States was personified by Republican presidential hopeful Donald Trump and included criticism of globalization and trade. She said on Monday in Beijin that populism in Europe, the United States and elsewhere is a dangerous thing, and if popul...
  • BREAKING NEWS: U.S. economy adds a greater-than-expected 287,000 jobs in June
    2016-07-08 12:44:50 UTC

    BREAKING NEWS: U.S. economy adds a greater-than-expected 287,000 jobs in June; Dow Jones futures up nearly 100 points
  • Oil prices rise on Norway strike threat; Brexit shock fades
    2016-06-29 05:20:03 UTC

    Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of Britain's vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply. Brent crude futures were trading at $48.84 per barrel at 0422 GMT, up 26 cents from their last ...
  • Iraqi army makes new push to retake city of Fallujah from ISIS
    2016-05-28 07:09:30 UTC

    <h1>ISIS commander in Falluja killed, U.S. military says</h1> U.S.-led coalition strikes supporting Iraqi forces in the recapture of Falluja have killed 70 Islamic State militants including the group's commander in the city, a U.S military spokesman said on Friday. U.S. Army Colonel Steve Warren, a spokesman for the U.S.-led mili...
  • Worst performers in Dow Jones Industrials
    2016-01-20 18:37:40 UTC

    Wall Street moved deep into the red on Wednesday, with the S&P 500 hitting its lowest since February 2014 and extending this year's selloff as oil prices continued to plummet unabated. The rout was across the board: all 30 Dow components and all 10 major S&P sectors were in the red, with nine down more than 2 percent. The small-cap ...
  • Dow Sinks Over 450 Points in Global Selloff, Crude Falls Below $30
    2016-01-15 20:08:36 UTC

    U.S. stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below $30 per barrel. All 10 major S&P sectors were in the red and all 30 Dow components lower. The Russell 2000 small-cap index fell as much as 3.5...
    2016-01-07 14:00:46 UTC

    China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as investors feared the Asian giant could trigger competitive currency devaluations from trading partners. China's stock markets were suspended for the rest of the day less than half an hour after opening as a new circu...
  • Oil prices down again on fresh supply build worry, dollar spike
    2015-12-17 16:52:28 UTC

    Oil prices fell as much as 2 percent on Thursday, with Brent trading not far from 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut. Market intelligence firm Genscape reported an inventory increase of 1.4 million barrels at the Cushing, Oklahoma delive...
  • Oil prices fell - Weaker U.S. manufacturing data
    2015-09-02 09:57:37 UTC

    Oil prices fell 2 percent in Asian trade on Wednesday, as a stronger-than-expected build in U.S. crude oil stocks and weaker U.S. manufacturing data fueled a rout in prices that started in the previous session. Brent and U.S. crude finished around 8 percent lower on Tuesday to end a 25 percent three-session surge, the largest three-...
  • Oil prices tumble as Iran and world powers reach nuclear deal
    2015-07-14 08:36:17 UTC

    Oil prices tumbled more than $1 on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports. Iran and the six powers have reached a deal that will grant Tehran sanctions relief in exchange for curbs on its nuclear programme...
  • Bund yield hits 1 percent as stock markets halt sell-off
    2015-06-10 16:24:45 UTC

    German bond yields hit 1 percent for the first time since September on Wednesday as long-term inflation expectations rose, luring investors back into equities despite lingering jitters over the size of recent market swings. <p>Traders pointed to signals that the recent sell-off in stocks had gone too far too fast, especially conside...
  • Oil markets spike on Iraq concerns
    2014-06-15 18:18:54 UTC

    The price of Brent crude spiked on Friday over concerns about the ongoing insurgency in Iraq. Oil prices settled down, but at $4 per barrel higher than at the beginning of the week. Reassurances about the flow of oil supplies went some way to calming market jitters. Brent crude futures stabilised at $112.32 per barrel, while U...
  • Bank of New York Mellon to sell 1 Wall Street headquarters
    2014-05-21 22:44:55 UTC

    Bank of New York Mellon Corp. has agreed to sell its Art Deco headquarters tower at 1 Wall Street to a venture led by investor Harry Macklowe for between $500 million and $600 million, according to multiple people familiar with the discussions. In addition, Bank of New York BK +0.73% is in negotiations with landlord Brookfield Of...