By Suzanne McGee, Saeed Azhar, Tom Westbrook and Marc Jones LONDON/SINGAPORE/NEW YORK (Reuters) -The only certainty about Donald Trump’s second U.S. Presidency looked to be uncertainty for investors, after he went easier than expected on China in his first day back in the job but then warned Mexico and Canada they faced 25% tariffs from …
Financial markets crave details as Trump hits the ground running Read More »
By Lananh Nguyen DAVOS, Switzerland (Reuters) -Bank of America Chief Executive Brian Moynihan on Tuesday welcomed economic policies announced by U.S. President Donald Trump since his inauguration as a “good thing” for business. “They want to see the U.S. economy grow and prosper,” Moynihan said in an interview with Reuters on Tuesday, referring to the …
BofA CEO welcomes Trump’s economic policies as ‘good thing’ for business Read More »
ZURICH (Reuters) – UBS Chief Executive Sergio Ermotti on Tuesday said it was currently premature for the Swiss bank to consider acquisitions as it continues to focus on the integration of Credit Suisse, which it bought in 2023. Ermotti, who was speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, …
UBS CEO says “premature” to consider acquisitions Read More »
By Nate Raymond (Reuters) – President Donald Trump in an executive order on Monday revoked a ban imposed by former Democratic President Joe Biden on new offshore oil and gas development along most of the country’s coastlines. Trump is certain to face legal challenges over his authority to do so. WHAT DID BIDEN AND TRUMP …
Explainer-Can Trump overturn Biden’s offshore drilling ban? Read More »
By Elizabeth Howcroft and Iain Withers DAVOS/PARIS/LONDON (Reuters) – Surrounded by crypto executives buoyed by Donald Trump’s presidency, South Africa’s central bank chief on Tuesday criticized industry lobbying of U.S. policymakers, telling a Davos panel event that bitcoin made no more sense as a reserve asset than beef or apples. Other panellists welcomed Trump’s presidency …
Crypto lobbying risks regulatory capture, South African cenbank boss tells Davos event Read More »
(Reuters) – The U.S. Senate Finance Committee on Tuesday voted to send the nomination of billionaire hedge fund manager Scott Bessent as President Donald Trump’s Treasury secretary on to the full Senate for approval. The committee voted 16-11 to send the nomination on to a final confirmation vote in the Senate. All Republicans voted in …
Bessent nomination to US Treasury clears Senate Finance Committee Read More »
By Marcela Ayres BRASILIA (Reuters) – Economists have launched a fresh wave of upward revisions to projections for Brazil’s interest rate this year, citing deteriorating inflation expectations, a weaker currency and lingering concerns over the fiscal outlook of Latin America’s largest economy. Citi on Tuesday forecast rates to peak at 15.50% in June, following similar …
Economists ramp up projections for Brazil’s interest rates to above 15% Read More »
(Reuters) – Real estate investment trust (REIT) Prologis beat Wall Street expectations for fourth-quarter core funds from operations (FFO), helped by improving demand for its warehousing spaces and sale of a data center. Shares of the warehouse-focused REIT were up 3.3% in morning trade. Potential stocking activity by importers owing to the threat of new …
Prologis beats core FFO estimates on improving warehouse demand Read More »
By Howard Schneider WASHINGTON (Reuters) – After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump administration policies and another on a bond market that has ratcheted up borrowing costs even as U.S. central bankers have been cutting interest rates. Both …
By Nell Mackenzie LONDON (Reuters) – Hedge fund industry lobbyists have sent a wish list to the U.S. Securities and Exchange Commission (SEC) asking for repeals and delays to much of the regulator’s hard-hitting agenda on industry transparency. The Managed Fund Association (MFA) on Monday sent a letter to Mark Uyeda, President Donald Trump’s pick …
Hedge fund industry asks for ‘Day One’ reprieve on SEC rules Read More »
