A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Almost a week on from the U.S. election and investors are wasting no time betting on who they believe will be the biggest winners (and losers of course) of a new Donald Trump administration. Say no more than the word bitcoin. …
By Natalia Siniawski (Reuters) – Brazil’s Banco BTG Pactual’s third-quarter adjusted net income jumped 15% from the same period last year supported by higher revenue and improved operational leverage. Adjusted net income for the quarter came in at 3.21 billion reais ($557.83 million), the bank said in a securities filing, while revenue at the largest …
Brazil’s BTG Pactual reports surge in quarterly profit Read More »
By Valerie Volcovici BAKU, AZERBAIJAN (Reuters) – U.S. President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump. The methane charge is among the last actions …
US sets methane fee on oil, gas emitters as Biden term winds down Read More »
VIENNA/FRANKFURT (Reuters) -Protectionist policies from the incoming U.S. administration will hamper global growth and Europe must be better prepared than in 2018, European Central Bank policymakers warned on Tuesday. U.S. President-elect Donald Trump has promised a big increase in trade barriers, including a 10% universal tariff on imports from all foreign countries and a 60% …
Europe must prepare for new trade war with US, ECB officials warn Read More »
By David Shepardson WASHINGTON (Reuters) -JetBlue Airways said late on Monday it will extend a halt to all flights to and from Haiti through Dec. 2 after damage from a bullet to a plane returning from Port-au-Prince was discovered. Earlier on Monday, a Spirit Airlines flight destined for the Haitian capital was struck by gunfire, …
JetBlue will halt flights to Haiti through Dec. 2 after aircraft struck by bullet Read More »
(Reuters) -Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. “We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer …
23andMe cuts 40% of its workforce, discontinues all therapy programs Read More »
(Reuters) – U.S. investors moved large amounts of money to the safety of money market funds in the week to Nov. 6 as they cautiously awaited the U.S. presidential election outcome and the Federal Reserve’s policy decision. According to LSEG data, investors acquired U.S. money market funds of a net $78.68 billion during the week, …
US money market funds saw significant demand before US elections Read More »
By Niket Nishant (Reuters) -Morgan Stanley’s private equity arm is selling its heating, ventilation and air conditioning (HVAC) business, Sila Services, about three years after it invested in the company to take advantage of the growing interest in the sector. Pennsylvania-based Sila will be sold to the private equity unit of Goldman Sachs Alternatives, Morgan …
Morgan Stanley’s PE arm to sell HVAC firm to Goldman Sachs Alternatives Read More »
SYDNEY (Reuters) – Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank (NAB) showed its index of business conditions held at +7 in October. The more volatile confidence index climbed …
Australia Oct business sentiment highest in nearly two years, NAB survey shows Read More »
SYDNEY (Reuters) – Australian consumer sentiment rose sharply in November for a second straight month, reaching a 2-1/2-year high with the mood on the economy and finances finally turning optimistic, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment rose 5.3% in November from October, when it jumped 6.2%. The index reading …
Australian consumer sentiment jumps for second month in Nov Read More »
