FRANKFURT (Reuters) – The European Central Bank will appoint someone to become the euro zone’s second-most senior banking watchdog “in the coming weeks”, ECB President Mario Draghi said on Thursday. The post of vice chair of the ECB’s Single Supervisory Mechan... More »
NEW YORK (Reuters) – BlackRock, the world’s biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising short-term interest rates in the coming ... More »
FRANKFURT (Reuters) – The European Central Bank is expected to give banks fresh long-term loans known as TLTROs to keep credit flowing to companies in the euro zone, in the hope that an already marked economic downturn will not be exacerbated by a sudden crunc... More »
LONDON (Reuters) – Two months after ending its massive stimulus scheme, the European Central Bank faces growing pressure to address how it will protect the euro zone economy from a protracted slowdown. Thursday’s policy meeting, news conference, and updated ec... More »
LONDON (Reuters) – High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets. The... More »
(Reuters) – Investors poured money into equity exchange-traded funds and high-yield “junk” bond funds in the week ended on Wednesday, as U.S. President Donald Trump said he would extend a deadline to delay escalating tariffs on Chinese imports, citing “substan... More »
BRUSSELS (Reuters) – Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. However, the EU executive arm, whose job is... More »
LUXEMBOURG (Reuters) – Latvia violated European Union law by barring from office its central bank governor, who is also a European Central Bank policymaker, the European Court of Justice ruled on Tuesday in a widely expected decision. Ilmars Rimsevics was susp... More »
LONDON (Reuters) – Major banks are still not ready for a ‘no-deal’ Brexit as they grapple with delays in licences for new European Union businesses, staffing problems and snags in redrafting contracts. Despite thousands of staff working on preparations for mor... More »
HONG KONG (Reuters) – An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan ($1.5 billion) in its first fund aimed mainly at cutting-edge tech investments, said two people with direct know... More »
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell worked hard to strengthen ties with Congress during his first year as head of the U.S. central bank, doubling the pace of meetings with lawmakers over his predecessors and courting Democrats and Rep... More »
BRUSSELS (Reuters) – Euro zone headline consumer inflation slowed slightly in January because of a sharp deceleration of energy price growth, but core inflation watched closely by the European Central Bank in policy decisions edged slightly higher, data showed... More »
(Corrects Feb. 20 story to remove incorrect reference to sale of loans by Varde and Oakhill) By Jonathan Saul and Maiya Keidan LONDON (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking... More »
DUBLIN (Reuters) – The parliamentary defeat for Prime Minister Theresa May’s Brexit strategy has increased doubt among European Union states that she can seal a departure agreement, Ireland’s foreign minister said on Friday. However, they still stand willing t... More »
LONDON (Reuters) – Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row. ... More »
FRANKFURT (Reuters) – A key euro zone banking supervision role is set to go unfilled for an indefinite time after ECB chief Mario Draghi failed to pick a successor in an unprecedented impasse at the crucial euro zone institution, sources familiar with the matt... More »
LONDON (Reuters) – Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch (BAML) said on Friday amid expectations U.S. monetary policy could lead to a weaker U.S. dollar. Flows into b... More »
NEW YORK (Reuters) – U.S. central bankers are done raising domestic interest rates amid signals from Asia and Europe that global economic growth is sputtering, according to RBC Wealth Management’s lead fixed-income strategist. America’s nearly 10-year domestic... More »
NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.... More »
MILAN (Reuters) – It would be hard to disprove the case for a high-speed rail link between Italy and France, Italy’s economy undersecretary Massimo Garavaglia said on Monday in an interview with the daily Il Corriere della Sera. Italy’s government has asked a ... More »
WASHINGTON (Reuters) – The Trump administration’s $1.5 trillion cut tax package appeared to have no major impact on businesses’ capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the U.S. tax code in more th... More »
NAYPYITAW (Reuters) – Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms. Suu Kyi touted Myanmar’s economic potential,... More »
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities an... More »
NEW YORK (Reuters) – U.S. fund investors returned in force to bonds during the latest week, putting the most cash in debt markets in almost a year, Investment Company Institute (ICI) data showed on Wednesday. Bond mutual funds and exchange-traded funds (ETFs) ... More »
NEW YORK (Reuters) – Barclays economists said on Wednesday they reduced their outlook on U.S. economic growth in the first quarter to an annualized rate of 2.5 percent from an earlier projection of 3.0 percent as a result of the historically long partial feder... More »
LONDON (Reuters) – European Council President Donald Tusk and European Commission President Jean-Claude Juncker have written a letter to British Prime Minister Theresa May setting out assurances about the so-called Northern Ireland backstop. Below is a copy to... More »
LONDON (Reuters) – France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB... More »
(Reuters) – Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company’s chairman, a person familiar with the matter told Reuters on Thursday. Weinberg founded t... More »
STOCKHOLM (Reuters) – Uncertainties about the global economy mean Sweden’s central bank needs to move cautiously in tightening policy after its first hike in more than seven years, minutes of its December meeting published on Wednesday showed. Last month, the ... More »
(Reuters) – A shutdown of about a quarter of the U.S. government reached its 18th day on Tuesday, with lawmakers and the White House divided over Republican President Donald Trump’s demand for money for a border wall ahead of his prime-time address to push the... More »
NEW YORK (Reuters) – Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. Fund investors trimmed their risk... More »
LONDON (Reuters) – Stocks in Europe and Asia rose cautiously on Friday after Wall Street ended a volatile session with big gains, but fears of further price swings and worries about U.S. politics kept safe-haven currencies such as the yen and Swiss franc in de... More »
NEW YORK (Reuters) – U.S. fund investors eased into wild stock markets during the latest week, adding $5.2 billion, according to Lipper data on Thursday that reflected the first net positive flows for funds since December’s selloff began. Stock exchange-traded... More »
NEW YORK (Reuters) – U.S. fund investors battered bond markets with the biggest withdrawals in seven weeks and snatched the most cash from foreign stocks since mid-2015 as the Federal Reserve hiked interest rates, Investment Company Institute (ICI) data showed... More »
TORONTO (Reuters) – The Canadian dollar fell to a 19-month low against its broadly stronger U.S. counterpart on Friday, as declines for stocks and the price of oil offset data showing stronger-than-expected growth in the domestic economy. At 4:00 p.m. (2100 GM... More »
NEW YORK (Reuters) – Investors fled U.S.-based stock funds in the latest week, setting those investments up for their biggest month of withdrawals on record, Lipper data showed on Thursday. More than $80.7 billion poured out of U.S.-based stock funds during th... More »
BRUSSELS (Reuters) – European Union leaders took a step toward deeper euro zone integration on Friday to help prevent future crises, but deep disagreement left key issues like a euro zone budget and a deposit guarantee scheme unresolved. Leaders of all EU coun... More »
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ CURVE-BALLS With major parts of the U.S. economy visibly slowing, the Treasury market has reacted in a... More »
(Reuters) – The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S. short-dated debt issuance has altered the dynamics of the Treasury market and other indicators show an econ... More »
LONDON (Reuters) – Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at Bank of America Merrill Lynch said on Friday... More »
NEW YORK (Reuters) – BlackRock Inc’s (BLK.N) Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this week. Rieder, who is chief inves... More »
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the “economy is poised to weaken.” Gundlach told Reuters the Treasury yield curve from two-... More »
NEW YORK (Reuters) – A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher. The rally in equiti... More »
LONDON (Reuters) – Rating agency S&P Global expects the amount of bad loans on Turkish banks’ books to double over the next 12-18 months and their total credit losses to rise to as much as 2.5 percent from the recent average of 1.4 percent. In a new report pub... More »
LONDON (Reuters) – GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, a costly investment to rebuild the pharmaceuticals business by new Chief Executive Emma Walmsley that unnerved investors. GSK has lagged rivals in recent years... More »
BRUSSELS (Reuters) – EU finance ministers will agree on Monday to give the euro zone bailout fund new responsibilities, but they will delay decisions on the euro zone budget and a deposit guarantee scheme after failing to reach agreement, a draft document show... More »
BRUSSELS (Reuters) – European Union finance ministers will seek final agreement on Monday on deeper euro zone integration which, after a year of negotiations, is likely to turn out much less ambitious than initially planned. Championed by French President Emma... More »
NEW YORK (Reuters) – U.S. mutual fund investors pulled $13.7 billion from stocks and bonds during the latest week, according to data released on Thursday by Lipper underscoring retail investors’ rising concerns over turbulent markets. After a sprinting start t... More »
BERLIN (Reuters) – Former Greek finance minister Yanis Varoufakis, who was outspoken in his criticism of the austerity policies championed by Berlin at the height of the euro zone’s debt crisis, is to stand in European elections next year – in Germany. The Dem... More »
BRUSSELS (Reuters) – Euro zone banks which issued large amounts of loss-absorbing debt under English law could have more time to meet requirements after Britain leaves the European Union, the bloc’s agency responsible to winding down failing lenders said on Th... More »
BUENOS AIRES (Reuters) – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on Saturday, warning that the program will not make tariff-hit farmers whol... More »
NEW YORK (LPC) – The U.S. leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention center... More »
ROME (Reuters) – Italy should have a “plan B” to quit the euro zone with a referendum if economic conditions dictate, the founder of the co-ruling 5-Star Movement said, sending ripples through financial markets. The anti-establishment movement’s founder Beppe ... More »
NEW YORK (Reuters) – Investors in U.S. funds traded international equities for domestic stocks during the latest week as earnings beat expectations while trade tensions simmered, Lipper data showed on Thursday. U.S.-based equity funds posted $620 million in wi... More »
LONDON (Reuters) – Signs that the Bank of Japan (BoJ) might scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks and U.S. futures slipped as threats of further U.S. tariffs on China drained ri... More »
BEIJING (Reuters) – China will adopt a more vigorous fiscal policy to help tackle external uncertainties without resorting to strong policy stimulus, state radio said on Monday, citing the cabinet. Slowing economic growth has sparked a heated debate among gove... More »
MOSCOW (Reuters) – Russia is still interested in issuing a Eurobond denominated in euros, but a dollar-denominated Eurobond is more likely to be issued this year, RIA news agency cited Russia’s Deputy Finance Minister Sergei Storchak as saying on Monday. Sourc... More »
(Reuters) – Fund investors piled into U.S.-based equity exchange-traded funds in the week ended Wednesday, following six straight weeks of withdrawals, Lipper data showed on Thursday, as investors geared up for strong quarterly earnings. The flows showed that ... More »
LUXEMBOURG (Reuters) – The European Central Bank defended its 2.6 trillion-euro bond-buying program before the European Union’s top court on Tuesday from accusations it was bankrolling governments and endangering taxpayer money. The case, brought by a group of... More »
LONDON (Reuters) – British Prime Minister Theresa May moved to reassert her authority on Tuesday after two top cabinet members quit and launched broadsides against her Brexit plans, winning support from many of her ministers including a leading eurosceptic. Ma... More »
ROME (Reuters) – The head of Italy’s central bank on Tuesday warned the new anti-establishment government to be cautious with public finances to avoid upsetting financial markets and increasing public debt. Bank of Italy Governor Ignazio Visco told a gathering... More »
LONDON (Reuters) – Britain’s cabinet discussed the so-called white paper Brexit policy document and stepping up preparations for a no-deal exit, Prime Minister Theresa May’s spokesman said on Tuesday. “The prime minister began by welcoming the new members of t... More »
ROME (Reuters) – Italian Economy Minister Giovanni Tria called on Tuesday for greater risk sharing in order to strengthen the euro zone banking system. In a speech to a gathering of bankers in Rome, Tria said boosting Italy’s economic growth was “no less impor... More »
NEW YORK (Reuters) – My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much. When I went to make an appointment for their next cleaning in six months, she shocked me by saying I owed nearly $3,000 in charges datin... More »
LONDON (Reuters) – Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco show... More »
(Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. Nonfarm payrol... More »
SINGAPORE/NEW YORK (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies shar... More »
TOKYO (Reuters) – Japan’s Government Pension Investment Fund, the world’s largest pension fund, lost 5.5 trillion yen ($49.7 billion) on its investments in the first quarter as worries about U.S.-China trade friction pushed down stocks in Japan and abroad, the... More »
NEW YORK (Reuters) – Investors played it safe in June, plucking the most cash out of U.S.-based equity funds since the peak of the 2008 global financial crisis as U.S. trade disputes discouraged risk, Lipper data showed on Thursday. U.S.-based stock mutual fun... More »
SHANGHAI (Reuters) – Renowned global hedge fund managers Bridgewater Associates LP and Winton Group Ltd have had registrations to launch products in China accepted at a time of turbulence in capital markets, reflecting a change in the government’s stance towar... More »
PARIS (Reuters) – Societe Generale (SOGN.PA) will buy Commerzbank’s (CBKG.DE) derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy. Stil... More »
LONDON (Reuters) – Investors have sharply increased their use of hedging strategies, signaling concerns that the intensifying trade battle between the United States and China might hit economies from Germany to South Korea. Money managers say that mounting bar... More »
NEW YORK (Reuters) – New Jersey Governor Phil Murphy struck a last-minute budget deal on Saturday, ending threats of a government shutdown that had raged for weeks as he struggled to reach an accord with members of his own party. It was the state’s first budge... More »
SOFIA (Reuters) – Bulgaria aims to join the EU’s banking union on the same day it enters the “waiting room” for euro zone membership, where it must spend at least two years before joining the single currency, its prime minister said on Friday. Boyko Borissov s... More »
LONDON (Reuters) – Equity funds suffered their second-largest weekly outflows ever this week, with $29.7 billion pulled out of risky assets, Bank of America Merrill Lynch (BAML) strategists said on Friday as fears about rising U.S. protectionism continue to we... More »
NEW YORK (Reuters) – English singer and songwriter Ed Sheeran was sued on Thursday for at least $100 million for allegedly copying large parts of Marvin Gaye’s classic “Let’s Get It On” for his smash hit “Thinking Out Loud.” The lawsuit was filed by a company ... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday that further euro zone reform was needed to nip possible future crises in the bud, after aid programs to some member states had been successful. Addressing parliament before heading to an EU l... More »
LONDON (Reuters) – Modest gains from Europe’s main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into ‘bear’ market territory. A 0.3 percent rise from the FTSE... More »
LONDON (Reuters) – BMW (BMWG.DE) is not considering moving production out of Britain because of uncertainty connected to Brexit, the company’s special representative in Britain said on Tuesday. When asked by a reporter at a conference whether the German car ma... More »
LONDON (Reuters) – Uncertainty over Brexit has halved new investment in the British car industry and Prime Minister Theresa May should urgently change tack and keep the world’s fifth largest economy in the EU’s customs union, the country’s main car lobby group... More »
BERLIN (Reuters) – Chancellor Angela Merkel’s agreement with French President Emmanuel Macron on euro zone reforms does not violate the coalition agreement, as some Bavarian conservatives have suggested, an aide to the German leader said. Chancellery Minister ... More »
BRUSSELS (Reuters) – The European Commission welcomed on Wednesday a joint position of the euro zone’s two biggest countries — Germany and France — on the key elements of deeper euro zone integration calling it a crucial step for reaching an overall agreement.... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Tuesday a euro zone reform package agreed with French President Emmanuel Macron would be supported by all parties in her ruling coalition. “I can give a very clear ‘yes’ that everything agreed here tod... More »
RIGA (Reuters) – The European Central Bank’s President Mario Draghi on Thursday played down political upheavals in Italy and dismissed suggestions that the euro zone’s third-largest economy might quit the single currency. The euro EUR= and Italian government b... More »
AMMAN (Reuters) – Jordan’s Prime Minister Hani Mulki submitted his resignation to King Abdullah on Monday, an official source said, to soothe widespread anger over economic policies that have sparked the largest protests in several years and dozens of arrests.... More »
AMMAN (Reuters) – Hani Mulki resigned from his post as Jordan’s prime minister in a meeting with King Abdullah on Monday, an official source said, a move aimed at defusing anger over economic policies that have sparked the largest protests in years. Source: ht... More »
AMMAN (Reuters) – Jordan’s police chief said security forces had detained 60 people for breaking the law during major protests over tax hikes in recent days. Major General Fadel al-Hamoud said at a press conference that 42 members of the security forces were i... More »
BERLIN (Reuters) – German Chancellor Angela Merkel exchanged views with European Central Bank President Mario Draghi on Monday, her spokesman said, as part of her regular informal meetings with leaders of European institutions. Merkel’s spokesman, Steffen Seib... More »
AMMAN (Reuters) – Hundreds of Jordanians took to the streets of the capital Amman on Sunday in a fourth day of nightly protests against IMF-backed price increases that have shaken the kingdom, witnesses said. They said demonstrators who converged near the cabi... More »
ATHENS (Reuters) – Greece’s economy grew for a fifth straight quarter in January-to-March and at a faster pace than in the previous three months, helped by stronger exports, the statistics service (ELSTAT) said on Monday. Seasonally adjusted data showed gross ... More »
BERLIN (Reuters) – German Chancellor Angela Merkel gave her most detailed response to French President Emmanuel Macron’s proposal to reform the euro zone in an interview with the Frankfurter Allgemeine Sonntagszeitung newspaper published on Sunday. The followi... More »
BERLIN (Reuters) – There is no threat of a new sovereign debt crisis in the euro zone despite an anti-establishment coalition government taking power in Italy, European Commission President Jean-Claude Juncker said in remarks published on Saturday. Asked by th... More »
ROME (Reuters) – Italy’s new Economy Minister Giovanni Tria said on Friday that none of the country’s parties wanted to leave the euro zone and neither did he. “There is no political force in Italy that wants to leave the euro,” Tria told Reuters shortly after... More »
LISBON (Reuters) – German Chancellor Angela Merkel said on Thursday she would communicate with a new Italian government in an “open-minded way” amid political turbulence in Rome that has stirred fears of another euro zone crisis. She spoke in Lisbon after talk... More »
BERLIN (Reuters) – German Finance Minister Olaf Scholz said in a Reuters interview published on Thursday that he does not expect the next election in Italy to become a referendum on its euro zone membership. Anti-European remarks by leading Italian politicians... More »
LONDON (Reuters) – Hedge funds are split on how to position billions of dollars in bets they have taken on Italian banks as the country’s political tumult takes its toll on bonds, shares and the euro. Although hedge funds have a combined 1 billion euro ($1.2 b... More »
BERLIN (Reuters) – Political turmoil in Italy, the euro zone’s third largest economy, could hit economic growth in Germany and affect the whole euro zone, the Berlin-based DIHK Chambers of Industry and Commerce said on Wednesday. The likelihood of snap Italian... More »
LONDON (Reuters) – European stocks gave up early gains and bond yields recovered from lows as early elections loomed in Italy after the anti-establishment 5-Star and League parties abandoned plans to form a government. European stocks were a mixed bag, after A... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Monday she would work with any coalition government formed in Italy, but she also warned that any discussions on economic policy would have to be within the rules governing the euro zone. Anti-establis... More »
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday. The German bank’s supervisory board met on Wednesday... More »
