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US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT

15 Apr 2023

(Reuters) -Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts of the shadow banking system need to face greater scrutiny after last month’s upheaval in U.S. government bonds, the Financial Times reported on Saturday. Gensler told the newspaper that reducing the risks from speculative funds and …

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SpaceX gets US regulatory green light for debut Starship flight to space

15 Apr 2023

By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Friday granted a long-awaited license allowing Elon Musk’s SpaceX to launch its Starship rocket to orbit for the first time, clearing the way for a test flight crucial to the company’s goals in space. “After a comprehensive license evaluation process, the FAA determined SpaceX …

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Wall St dips to lower close as rate hike bets firm, banks jump

15 Apr 2023

By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season. All three major U.S. stock indexes ended in the red, but …

Wall St dips to lower close as rate hike bets firm, banks jump Read More »

Federal Reserve green lights UBS-Credit Suisse deal in US

15 Apr 2023

By Hannah Lang, Chris Prentice and Ann Saphir (Reuters) – The Federal Reserve’s Board of Governors on Friday said it has approved UBS Group AG’s acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal.     UBS has committed to give the U.S. central bank …

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As earnings season begins, S&P 500 forecast looks less weak

15 Apr 2023

By Caroline Valetkevitch NEW YORK (Reuters) – As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase & Co and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Based on actual results from 30 of the S&P 500 companies and estimates …

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US bank deposits rose, loans ticked down in latest week -Fed data

14 Apr 2023

(Reuters) -Deposits at U.S. commercial banks rose in early April in a renewed sign of confidence in the banking sector after massive deposit outflows following last month’s failure of two large regional banks. Federal Reserve data released on Friday showed deposits at all commercial banks rose to $17.43 trillion in the week ended April 5, …

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Argentina seeks to issue up to $1.2 billion in bonds, ministry source says

14 Apr 2023

By Jorgelina do Rosario WASHINGTON (Reuters) -The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees from the World Bank and the CAF as collateral, a source from Argentina’s Economy Ministry said on Friday. The World Bank and CAF-Development Bank of Latin America could not be …

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Boeing shares tumble as some MAX deliveries halted, airlines fret over impact

14 Apr 2023

By Aishwarya Nair (Reuters) – Boeing Co shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing is under tough regulatory scrutiny following the deadly crashes of its MAX planes in 2018 and 2019 …

Boeing shares tumble as some MAX deliveries halted, airlines fret over impact Read More »

TSX notches 6-week high as investors cheer US bank earnings

14 Apr 2023

By Fergal Smith (Reuters) -Canada’s main stock index edged up on Friday to its highest closing level in six weeks, helped by gains for energy and financial shares, while weaker gold prices drove down mining stocks. The Toronto Stock Exchange’s S&P/TSX composite index rose 15.42 points, or 0.1%, to 20,579.91, its highest closing level since …

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Exclusive-Two U.S. Senators write to Tesla CEO Elon Musk after Reuters probe

14 Apr 2023

By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin (Reuters) – Two U.S. senators have written to Elon Musk, Tesla Inc’s chief executive, questioning him about the sharing by employees of sensitive images recorded by cameras in customers’ vehicles. “This apparent willful disregard for the privacy of Tesla customers is unacceptable and raises serious questions about …

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