Reuters US Business

EM bond funds see largest weekly outflow in two years, JPMorgan report says

8 Nov 2024

NEW YORK (Reuters) – Retail investors yanked $3.2 billion out of emerging market bonds this week, the largest outflow in 109 weeks, with hard currency funds shedding $2.9 billion, JPMorgan said on Friday. ETF outflows accelerated to $1.1 billion while non-ETF outflows shot up to $2.2 billion, the bank said in its weekly flows report. …

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US consumer sentiment rises in November, UMich says

8 Nov 2024

(Reuters) -U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households’ expectations for the future climbing to the highest in more than three years, led by brightening outlooks among Republicans, a survey showed on Friday. The University of Michigan’s Consumer Sentiment Index climbed to 73.0 this month, the highest …

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Multilateral development banks are stepping into climate breach- EBRD President

8 Nov 2024

By Karin Strohecker and Virginia Furness LONDON (Reuters) – Multilateral development banks are putting much more focus on investments to tackle climate change, the president of the European Bank for Reconstruction and Development said this week, amid worries about U.S. climate policy under a Trump administration. “MDBs are really stepping up the number and the …

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Brazilian firms tout U.S. plants, leaning into Trump trade wars

8 Nov 2024

By Alberto Alerigi and Gabriel Araujo SAO PAULO/WASHINGTON (Reuters) – Two of Brazil’s biggest industrial firms, steelmaker Gerdau and plastics producer Braskem, are already touting their substantial U.S. operations as a hedge against the risk of protectionism from President-elect Donald Trump. Trump has floated the idea of a 10% or higher tariff on all goods …

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Qantas plane lands safely in Sydney after engine failure

8 Nov 2024

SYDNEY (Reuters) -A Qantas Airways plane bound for Brisbane suffered an engine failure after take-off on Friday and circled for a short period of time before returning safely to Sydney Airport, the Australian airline said. Passengers heard a loud bang from one of the aircraft’s two engines, Australian media reported. A journalist with national broadcaster …

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Analysis-Bond rebound uncertain as Trump plans overshadow Fed rate cuts

8 Nov 2024

By Davide Barbuscia and Lewis Krauskopf NEW YORK (Reuters) – Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House is expected to usher in fiscally expansive policies that could temper the extent of the Federal Reserve’s future rate cuts. The Fed lowered …

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Brazilian planemaker Embraer lifts overall guidance as Q3 profit soars

8 Nov 2024

SAO PAULO (Reuters) -Brazilian planemaker Embraer raised its projected adjusted earnings before interest and taxes margin for 2024 to between 9% and 10%, from the previous 6.5%-7.5% range, it said on Friday in a securities filing, while also posting a jump in third-quarter profit. In a conference call with analysts on Friday, top Embraer executives …

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PNC doubles down on branch expansion plan with additional $500 million investment

8 Nov 2024

(Reuters) – PNC Bank said on Friday it will increase its investment in branch expansion by an additional $500 million to open over 100 new locations and renovate 200 existing ones, doubling down on efforts to reach customers through physical locations. WHY IT’S IMPORTANT Though digital banking and online payment solutions have reduced reliance on …

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