The Bank of Japan’s ambitious yield curve control policy is under attack from rising global bond yields and volatility, and analysts say the Federal Reserve’s monetary tightening cycle could force Japan to abandon it sooner rather than later. More »
FILE PHOTO: European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo Euro zone money markets on Friday showed around an 80 percent chance that the European Central Bank could lift its deposit rate at its ... More »
Peabody’s St. Louis headquarters seen from the steps of the Thomas F. Eagleton U.S. Courthouse, where a hearing on the coal producer’s plan to exit its Chapter 11 bankruptcy was held in St. Louis, Missouri, U.S., March 16, 2017. REUTERS/Tracy Rucinski Peabody ... More »
FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo Japan’s industry minister said on Thursday he had agreed with the U.S. energy and commerce secretaries to s... More »
Investors recoiled from debt issued by low-rated companies during the latest week, pulling the most cash since August 2014 from U.S.-based, high-yield bond funds, Lipper data showed on Thursday. More »
Bayliss and Maiya Keidan More »
A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo & Co’s board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bon... More »
Rick Rieder, BlackRock’s Global Chief Investment Officer, speaks during the Reuters Global Investment Outlook Summit in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid Markets are emboldened by the tone of monetary policymakers following an in... More »
Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Wednesday he expec... More »
China’s Premier Li Keqiang waves as he arrives for a news conference after the closing ceremony of China’s National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Thomas Peter Premier Li Keqiang said on Wedne... More »
China aims to cut taxes and fees for companies by 1 trillion yuan ($144.65 billion) this year, Premier Li Keqiang said Wednesday. More »
China’s Premier Li Keqiang gestures during a news conference after the closing ceremony of China’s National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Jason Lee China is considering setting up debt market... More »
China’s Premier Li Keqiang gestures during a news conference after the closing ceremony of China’s National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Damir Sagolj China needs to relocate nearly 1 million... More »
China’s Premier Li Keqiang gestures during a news conference after the closing ceremony of China’s National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Jason Lee China will continue to push yuan exchange r... More »
FILE PHOTO: A monument to Karl Marx stands above his remains at the Highgate Cemetary in North London February 24. May 5 marks the 180th anniversary of the birth of Marx in Trier, Germany./CLH/File Photo The German city of Trier has decided to accept a towerin... More »
New Zealand’s economy, which surged in 2016’s third quarter, likely cooled in the final three months, as heavy spring rain cut dairy production and a deadly earthquake struck. More »
Moody’s Investors Services said on Monday the United States will retain the rating agency’s top-notch debt rating as long as it meets its interest payments even if the government’s borrowing cap is reinstated on Thursday. More »
FILE PHOTO – A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo The Bank of Japan is expected to keep monetary policy steady on Thursday and stress that inflation is nowhere near levels t... More »
U.S. President Donald Trump’s senior advisor Jared Kushner (L) and the head of the National Economic Council Gary Cohn, talk with Fiat Chrysler CEO Sergio Marchionne (C) during Trump’s meeting with U.S. auto industry CEOs at the White House in Washington Janua... More »
A security guard walks in front of an image of the Federal Reserve in Washington, DC, U.S., March 16, 2016. REUTERS/Kevin Lamarque/File Photo Goldman Sachs economists said on Friday they stuck with their call that the Federal Reserve will increase interest rat... More »
U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. More »
The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo U.S. short-term interest rate futures were little changed on Friday after a government report showed big job gains last month, underscoring the likelihood that t... More »
People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon Stocks rose, t... More »
File photo: Flags of G20 countries are seen outside the G20 venue before the start of the G20 Summit of major world economies in Cannes November 3, 2011. REUTERS/Dylan Martinez Global efforts to create a market for growth-linked bonds that could help avert deb... More »
Fund managers who are usually seen as the market’s more patient investors are not holding shares long enough to encourage firms to adjust for a more environmentally sustainable future or deal with other long-term risks, an influential think-tank said. More »
The likelihood of a more aggressive U.S. Fed after an expected March rate rise failed to dent stock market investments over the past week, with equity funds receiving $11.8 billion for a 10th straight week of inflows, data showed on Friday. More »
Investors are spurning U.S.-based high-yield junk bond funds, Lipper data showed on Thursday, as they keep gobbling up stocks and other risky assets. More »
MGM Holdings Inc is in talks to acquire the 81 percent of Epix it does not already own from two of its partners in the premium U.S. channel, Viacom Inc (VIAB.O) and Lionsgate LGFA.N, people familiar with the matter said on Thursday. More »
President of the European Central Bank (ECB) Mario Draghi arrives for a news conference after the bank’s governing council meeting at the ECB headquarters in Frankfurt, Germany, March 9, 2017. REUTERS/Kai Pfaffenbach The European Central Bank no longer sees a ... More »
FILE PHOTO: Bill Gross speaks at the Morningstar Investment Conference in Chicago, Illinois, June 19, 2014. REUTERS/Jim Young Bond investor Bill Gross warned on Thursday that investors should not be tempted into buying high-flying equities and corporate bonds,... More »
The European Central Bank should roll back its monetary stimulus since inflation in the euro zone has reached its price stability objective, the head of Germany’s Ifo economic institute said on Thursday as the central bank gathered for a policy meeting. More »
The exterior of a RadioShack store is seen in New York February 5, 2015. REUTERS/Brendan McDermid U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environme... More »
A Pacific Investment Management Co (PIMCO) sign is shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Pacific Investment Management Co (Pimco) is replacing the full slate of managers on its Total Return Active Exchange-Traded Fund (BOND.P) a... More »
Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years. More »
China will take further steps to support private investment, an official from the state planner said on Monday, as the country looks to maintain strong economic growth while undergoing structural reforms. More »
Russia’s Deputy Central Bank Governor Vasily Pozdyshev speaks during an interview with Reuters in Moscow, Russia, September 20, 2016. Picture taken September 20, 2016. REUTERS/Sergei Karpukhin Russia plans to extend a review of bank licenses for another two ye... More »
China’s banking regulator has asked banks to inspect how they monitor their liquidity positions and how much credit risk they are carrying, according to a notice seen by Reuters. More »
The Federal Reserve building is seen in Washington June 19, 2012. REUTERS/Yuri Gripas Two tools that the Federal Reserve heavily relies upon to predict U.S. inflation in fact provide little practical help, and the Fed would be wise to only modestly overshoot i... More »
Germany has offered Egypt $500 million to support its economic program and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday. More »
Investors piled into riskier assets again in the latest week, pouring cash into U.S.-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. More »
Guggenheim Investments attracted net inflows of more than $1.5 billion into its fixed-income mutual funds and ETFs in February, the firm said on Wednesday. More »
A worker sits next to the runway before the BCBG Max Azria Fall 2015 collection show during New York Fashion Week February 12, 2015. REUTERS/Eric Thayer Fashion house BCBG Max Azria Group LLC filed for bankruptcy protection on Wednesday, the latest casualty in... More »
William Dudley, President of the New York Federal Reserve Bank, speaks at Brooklyn College in the Brooklyn borough of New York, March 7, 2014. REUTERS/Keith Bedford/File Photo A handful of Federal Reserve policymakers on Tuesday jolted markets into higher expe... More »
FILE PHOTO: A police officer keeps watch in front of the U.S. Federal Reserve building in Washington, DC, U.S., October 12, 2016. REUTERS/Kevin Lamarque Risks of both rising stock market volatility and inflation coupled with substantial underpricing on both fr... More »
A shopper passes a ”Sale” sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. REUTERS/Brian Snyder The U.S. economy is on track to grow at a 2.5 percent annualized pace in the first quarter following the latest data on home sales... More »
More Chinese companies are looking to raise debt offshore after Beijing approved a new funding structure last month that makes it easier and cheaper to tap foreign lenders. More »
A U.S. one-hundred dollar bill (C) and Japanese 10,000 yen notes are spread in Tokyo, Japan in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/File Photo The dollar slipped to a more than two-week low against the yen on Monday, as investors ... More »
A woman picks up a leaflet at a health insurance enrollment event in Cudahy, California March 27, 2014. REUTERS/Lucy Nicholson Proposals in Congress that would effectively end Medicaid expansion in 31 U.S. states would cost those states at least $32 billion al... More »
A man wears U.S. dollar sign rings in a jewellery shop in Manhattan in New York City November 6, 2014. REUTERS/Mike Segar Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a lit... More »
A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Bond market jitters spilled over into stocks on Friday, pulling European indexes lower for a third straight session, and the dollar was poised for a ... More »
Carlos Tavares, Chairman of the Managing Board of French carmaker PSA Peugeot Citroen, arrives to attend a news conference to present the company’s 2016 annual results at Peugeot headquarters in Paris, France, February 23, 2017. REUTERS/Gonzalo Fuentes The hea... More »
Greek flags are displayed for sale for one Euro at a shop in central in Athens, Greece July 26, 2015. REUTERS/Yiannis Kourtoglou Around half of Germans are against granting debt relief to Greece and around three in 10 want the debt-laden country to quit the eu... More »
Investors are showing increasing comfort wading into the markets, lavishing cash on U.S.-based stock and corporate bond funds in the latest week, Lipper data showed on Thursday. More »
People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising p... More »
Signage for Square Inc. covers the front of the New York Stock Exchange celebrating the company’s IPO November 19, 2015. REUTERS/Lucas Jackson Payments processor Square Inc (SQ.N) reported better-than-expected quarterly results on Wednesday, helped by its effo... More »
Traders work on the floor of the New York Stock Exchange, May 12, 2015. REUTERS/Brendan McDermid Bond trading revenue at the world’s top banks rose last year for the first time since 2012, thanks to increased activity after Britons’ voted to leave the European... More »
Legislation to raise taxes in Republican-controlled Kansas to help balance the budget was defeated on Wednesday after the state Senate failed to override the governor’s veto. More »
Media films and photographs a wrapped iron gate from Dachau concentration camp with the notorious ‘Arbeit macht frei’ (‘Work sets you free’) which was returned to Dachau, Germany, February 22, 2017, after it was stolen in 2014. REUTERS/Ralph Brock A wrought ir... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017. REUTERS/Brendan McDermid Investors galloped into stocks for the third straight week, delivering U.S.-based funds invested in companies abroad the most cash si... More »
A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo Refinancings’ share of U.S. mortgage applications shrank to its lowest level since late 2008 at the peak of the global c... More »
People shop at a market in Dalian, Liaoning province, China, June 9, 2016. REUTERS/Stringer/File Photo A flurry of construction in the Chinese city of Shenyang belies a regional economy in crisis, a striking example of the increasingly diminishing returns from... More »
Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Britain’s economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thou... More »
A trader walks past the German DAX Index board on the trading floor at the Frankfurt stock exchange in Frankfurt, Germany, February 15, 2017. REUTERS/Ralph Orlowski Global stocks hit record highs on Wednesday, pushing gains for the year above those for all of ... More »
People walk past the Reserve Bank of India (RBI) building in New Delhi, India. Picture taken March 2, 2016. REUTERS/Anindito Mukherjee A proposal by India’s central bank to set up new private or state companies that would buy up bad debt from lenders was met w... More »
Greek Finance Minister Euclid Tsakalotos talks to European Economic and Financial Affairs Commissioner Pierre Moscovici (R) during a eurozone finance ministers meeting in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir Greece and its international... More »
FILE PHOTO:A Greek flag flutters in front of the ancient Parthenon temple atop the Acropolis hill archaeological site in Athens, Greece, June 26, 2015. REUTERS/Marko Djurica/File Photo It seems as if we have been here before: the euro zone fretting that a cris... More »
Brian Moynihan, Chairman of the Board and CEO of Bank of America Corporation attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Bank of America Corp’s (BAC.N) board awarded Chief Executive Officer... More »
FILE PHOTO: A policeman walks on a beach near Kudankulam nuclear power project in the southern Indian state of Tamil Nadu, September 13, 2012. REUTERS/Adnan Abidi/File photo India does not expect fallout from the financial meltdown at Toshiba Corp (6502.T) to ... More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bimonthly monetary policy review in Mumbai, India December 7, 2016. REUTERS/Danish Siddiqui/File Photo Denny Jose, a small-town caterer in the southern Indian state ... More »
India’s central bank needs to ensure that the hard earned gains with regard to macro-economic stability are maintained and able to withstand global financial volatility, said Governor Urjit Patel in an interview to CNBC-TV18 news channel. More »
U.S. President-elect Donald Trump is broadcast on a screen on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly Investors boosted their bets on U.S.-based equity funds in the latest week a... More »
A potential car buyer looks at vehicles on a lot in Silver Spring, Maryland, September 1, 2009. REUTERS/Jason Reed More Americans fell behind on their car loan payments in the fourth quarter, bringing auto delinquencies to their highest since the height of the... More »
A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau’s structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Cour... More »
Financial services software developer OpenFin has raised $15 million in a funding round that included JPMorgan Chase & Co and the venture capital arms of high-speed trading firm DRW Trading Group and interdealer broker NEX Group Plc, the company said on Thursd... More »
FILE PHOTO: The Canary Wharf business district is seen reflected in windows at dusk in London, Britain December 11, 2016. REUTERS/Toby Melville/File Photo Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory... More »
Greek Prime Minister Alexis Tsipras (L) welcomes European Economic and Financial Affairs Commissioner Pierre Moscovici at the Maximos Mansion in Athens, Greece February 15, 2017. REUTERS/Alkis Konstantinidis European Economic and Financial Affairs Commissioner... More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo Billionaire activist investor Carl Icahn increased his holdings in Herbalife Ltd ... More »
FILE PHOTO – President and Portfolio Manager of Paulson & Co. John Paulson speaks during the Sohn Investment Conference in New York, May 16, 2012. REUTERS/Eduardo Munoz Soros Fund Management LLC got out of gold in the fourth quarter of 2016 while Paulson & Co ... More »
George Soros speaks on stage at the Annual Freedom Award Benefit Event hosted by the International Rescue Committee at the Waldorf-Astoria in New York November 6, 2013. REUTERS/Andrew Kelly/File Photo Soros Fund Management LLC eliminated its shares in Barrick ... More »
Business magnate George Soros arrives to speak at the Open Russia Club in London, Britain June 20, 2016. REUTERS/Luke MacGregor/File Photo Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros... More »
Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Daimler (DAIGn.DE) said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leas... More »
By Shankar Ramakrishnan, Will Caiger-Smith and Natalie HarrisonNEW YORK (IFR) – A revolt by bond-buyers has slowed the recent trend of issuer-friendl More »
Hedge fund manager Dan Loeb’s Third Point LLC took new equity stakes in Goldman Sachs Group Inc, Bank of America Corp, JPMorgan Chase & Co during the fourth quarter, according to regulatory filings on Friday, on a bet that interest rate hikes and operating lev... More »
A commuter passes by the New York Stock Exchange (NYSE) in the financial district in New York City, U.S., February 7, 2017. REUTERS/Brendan McDermid Global investors poured money into stocks, emerging markets and corporate debt in the week to Wednesday, as the... More »
A Greek flag flutters in the wind as tourists visit the archaeological site of the Acropolis hill in Athens, Greece July 26, 2015. REUTERS/Ronen Zvulun/File Photo Euro zone lenders and the International Monetary Fund have reached agreed between themselves to p... More »
FILE PHOTO: Turkish lira banknotes are seen in this photo illustration shot January 7, 2014. REUTERS/Murad Sezer/Illustration/File Photo Turkey’s new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to cre... More »
FILE PHOTO: German Chancellor Angela Merkel attends a press conference in Warsaw, Poland, February 7, 2017. REUTERS/Kacper Pempel/File Photo The euro zone must remain as one bloc, German Chancellor Angela Merkel said on Thursday, urging members of the single c... More »
A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone’s battered low-rated bonds as investors put aside the political r... More »
Christian Lindner, chairman of the liberal Free Democratic Party FDP addresses the media in Berlin, Germany, March 14, 2016. REUTERS/Wolfgang Rattay Greece should leave the euro zone and then be given debt relief, the head of Germany’s pro-business Free Democr... More »
Bank of Japan Deputy Governor Hiroshi Nakaso speaks during an interview with Reuters at the BOJ headquarters in Tokyo April 9, 2015. REUTERS/Yuya Shino Bank of Japan Deputy Governor Hiroshi Nakaso said Japan’s economy still needs massive monetary support given... More »
A U.S. federal judge on Wednesday upheld an Obama-era rule designed to avoid conflicts of interests when brokers give retirement advice, in a possible setback for President Donald Trump’s efforts to scale back government regulation. More »
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 1, 2017. REUTERS/Staff/Remote Political uncertainty ahead of European elections prompted nervous investors to sell the euro a... More »
Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh British employers expect to offer less generous pay deals this year compared with 2016 despite rising inflatio... More »
Turkey’s Finance Minister Naci Agbal is pictured during an interview with Reuters in Ankara, Turkey, September 27, 2016. REUTERS/Umit Bektas Foreign banks and sovereign wealth funds are interested in working with Turkey’s newly formed wealth fund, which is lik... More »
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration Including funds that banks set aside to cover potential losses, known as capital buffers, in the annual stress tests that U.S. r... More »
German Defence Minister Ursula von der Leyen watches an exercise at the Franz-Josef Strauss Bundeswehr base in Altenstadt, Germany, February 3, 2017. REUTERS/Michael Dalder German Defense Minister Ursula von der Leyen will meet U.S. Defense Secretary Jim Matti... More »
FILE PHOTO – A vendor of cedar cones counts Russian rouble banknotes at a street market in Krasnoyarsk, Russia, October 17, 2016. REUTERS/Ilya Naymushin/File Photo The latest rally in emerging market currencies is unlikely to last long, a Reuters poll showed o... More »
U.S. dollar note and a Euro coin are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration Although the euro is almost 30 percent weaker against the dollar than at its peak, this is a valid reflection of the bloc’s economic state ... More »
People walk past the Reserve Bank of Australia Building in Sydney’s central business district, May 5, 2016. REUTERS/Jason Reed/File Photo Australia’s central bank held rates steady at its first policy meeting of the year on Tuesday, playing down a recent soft ... More »
