Economy & Finance

DoubleLine’s Gundlach says Fed’s ‘pivot’ is following bond market’s…

DoubleLine’s Gundlach says Fed’s ‘pivot’ is following bond market’s…

Published 19/06/2019

(Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve’s dovish turn in its policy [more…]

Column: U.S. legislation will help retirement security, but bigger…

Column: U.S. legislation will help retirement security, but bigger…

Published 19/06/2019

CHICAGO (Reuters) - Federal policy on retirement security is one chaotic mess right now. Just consider the contradictory state of affairs when it comes to [more…]

Most SoftBank Vision Fund investors want to join second fund: CEO Son

Most SoftBank Vision Fund investors want to join second fund: CEO Son

Published 19/06/2019

TOKYO (Reuters) - Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, and discussions with those [more…]

Your money: Buying or refinancing? The mortgage rate frenzy is back

Your money: Buying or refinancing? The mortgage rate frenzy is back

Published 18/06/2019

NEW YORK (Reuters) - Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home - [more…]

Wells Fargo parent is dismissed from lawsuit by Philadelphia,…

Wells Fargo parent is dismissed from lawsuit by Philadelphia,…

Published 18/06/2019

NEW YORK (Reuters) - Wells Fargo & Co was dismissed as a defendant in a lawsuit brought by the cities of Philadelphia and Baltimore, which [more…]

Dollar heads towards three-month lows before Fed meeting- Draghi eyed

Dollar heads towards three-month lows before Fed meeting- Draghi eyed

Published 18/06/2019

LONDON (Reuters) - The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low before a U.S. central bank meeting gets [more…]

Oil prices slip for second day on global growth worries

Oil prices slip for second day on global growth worries

Published 18/06/2019

TOKYO (Reuters) - Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade [more…]

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Published 18/06/2019

TOKYO/HONG KONG (Reuters) - Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy [more…]

Alibaba puts CFO in charge of investment in major management reshuffle

Alibaba puts CFO in charge of investment in major management reshuffle

Published 18/06/2019

BEIJING/SHANGHAI (Reuters) - China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as [more…]

Creval says to spin off bad loans, triple net profit by 2021

Creval says to spin off bad loans, triple net profit by 2021

Published 18/06/2019

MILAN (Reuters) - Italian mid-sized lender Creval said on Tuesday it would spin off its bad debts into a separate unit and sell half of [more…]