LONDON (Reuters) -It’s summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too amid increasing disquiet in some big emerging markets, while business activity data globally and China property woes mean August is proving far …
By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON (Reuters) – China’s liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market. The beefed-up trading presence of Chinese importers puts them in direct competition …
Analysis-China LNG buyers expand trading after adding more US, Qatari contracts Read More »
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Bond, stock and currency market bears with portfolios designed to gain from a recession have been fleeing losing trades as big economies such as the United States prove more resilient than expected. A so-called soft landing, where central banks manage to curb inflation without …
How hedge funds are positioning themselves for a soft landing Read More »
By Allison Lampert and Doyinsola Oladipo (Reuters) – Canadians vented their frustration against airlines on social media last week after prices of commercial flights out of Yellowknife soared up to 10-fold above normal just as residents were ordered to evacuate due to raging wildfires. Carriers including Air Canada have pledged to cap prices on Yellowknife …
Explainer-How airlines cope with price surge during disasters Read More »
By David Randall NEW YORK (Reuters) -Several indicators that pointed to upside for U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence from a recent surge in bond yields and worries over China’s economy, investors said. Some investors watch so-called contrarian indicators to gauge the market’s mood, …
Less cash, fewer bears could leave U.S. stocks vulnerable Read More »
By Alasdair Pal SYDNEY (Reuters) -Unions at Woodside Energy Group’s North West Shelf offshore gas platforms on Sunday announced plans to strike as early as Sept. 2, which could eventually disrupt shipments of liquefied natural gas (LNG) from top global exporter Australia. The strike threat escalates a long-running dispute between Woodside and workers over pay …
Unions notify Woodside they may strike at key Australia gas platforms Read More »
By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla …
S&P 500 ends near flat as energy, defensive sectors counter megacap declines Read More »
By Jonathan Stempel NEW YORK (Reuters) – Lawyers for Sam Bankman-Fried on Friday rejected as “entirely inadequate” the U.S. government’s plan for letting the jailed founder of the collapsed FTX cryptocurrency exchange prepare for his October fraud trial. In a letter to U.S. District Judge Lewis Kaplan in Manhattan, the lawyers said giving Bankman-Fried just …
Bankman-Fried’s lawyers blast trial prep time as ‘entirely inadequate’ Read More »
(Reuters) -Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday. Overall bank credit fell to $17.23 trillion in the week ending Aug. 9, down from $17.25 trillion a week earlier and $17.32 trillion a year …
US bank credit contracts, loans drop in latest week: Fed data Read More »
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – More than two years since a breathtaking surge in shares of GameStop captivated Wall Street, the meme stock phenomenon continues to defy predictions of its demise. Yet the retail investors who have driven past meme stock moves appear to have become more cautious after …
Meme stocks ride on, though investors more cautious than GameStop era Read More »
