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...
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 ...
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.
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. ...
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...
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 expectati...
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 s...
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 th...
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 ...
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...
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 ...
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,...
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 else...
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 a...
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 W...
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 ...
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 ...
CHINA CLOSES STOCK MARKET AFTER 15 MINUTES OF TRADE
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 h...
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...
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...
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 exc...
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 g...
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 s...
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 ...