By Sinéad Carew and Shristi Achar A (Reuters) – Wall Street’s three major averages closed lower on Tuesday with the Dow leading declines as Treasury yields rose along with oil prices and investors assessed prospects for the Federal Reserve’s interest rate path. While all three main U.S. stock indexes had logged gains in the previous …
Wall St slips as Treasury yields rise, oil prices boost energy sector Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive need to be recalled because they may rupture and send dangerous metal fragments flying. The National Highway Traffic Safety Administration (NHTSA) first demanded a voluntary recall in May, …
US says 52 million air bag inflators should be recalled over rupture threat Read More »
DETROIT (Reuters) – General Motors’ global head of manufacturing, Gerald Johnson, said in a video statement released on Tuesday the demands received from the United Auto Workers union have “significant costs attached that would threaten our ability to maintain our manufacturing momentum.” Johnson appeared in the video with GM President Mark Reuss. Both executives reiterated …
GM exec says UAW demands ‘would threaten…manufacturing momentum’ Read More »
MEXICO CITY (Reuters) – Mexican inflation likely slowed in August for the seventh straight month, with the closely watched core index expected to return to 2021 levels, a Reuters poll showed on Tuesday. Inflation levels, however, are expected to remain above the Bank of Mexico’s target range, boosting bets that the central bank will continue …
Mexico’s core inflation to fall to lowest level since late 2021 in August: Reuters poll Read More »
By Michael S. Derby (Reuters) – The New York Federal Reserve said on Tuesday an interest rate reckoned to be neutral in its impact on the economy continued a downward trend in the second quarter, which suggests that at some point the low interest rate world that prevailed ahead of the coronavirus pandemic could return. …
NY Fed data shows a decline in neutral rate during second quarter Read More »
By Matt Tracy and Davide Barbuscia (Reuters) – A post Labor-day rush of bond issuance by U.S. investment-grade-rated companies added renewed pressure on long-end U.S. Treasuries, as some investors switch to buying top-rated corporate debt offering higher yields than those on government bonds. At least 21 investment-grade rated bond offerings are expected to price on …
Post-Labor Day corporate debt spree revives U.S. Treasury selloff Read More »
(Reuters) -Mastercard on Tuesday denied a media report saying the payments processing giant is planning to increase the fees that merchants are charged when their customers use credit cards to pay. The Wall Street Journal, citing sources and documents it had viewed, reported last week that fee increases were scheduled to start in October and …
Mastercard denies report of plans to raise credit card fees Read More »
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday said it has charged five investment adviser firms for failing to meet requirements related to the safekeeping of client assets. The violations were related to rules for custody of client assets and included issues such as failing to conduct required audits and deliver …
US securities regulator charges 5 investment advisers with custody rule violations Read More »
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) is seeking buyers for the $33 billion commercial real estate (CRE) loan portfolio of failed New York lender Signature Bank, it said on Tuesday. The majority of the portfolio comprises multi-family properties primarily located in New York City, the regulator said, adding that …
Buyers sought for Signature Bank’s $33 billion CRE portfolio Read More »
By Renju Jose and Lewis Jackson SYDNEY (Reuters) -Workers at Chevron’s Gorgon and Wheatstone liquefied natural gas (LNG) projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on Tuesday, in a significant escalation on disputes over pay and conditions. Australia is the world’s biggest LNG exporter and …
Chevron Australia labour row escalates with two-week walkout plan Read More »
