(Reuters) – JPMorgan Chase & Co will have to pay an $850,000 penalty to the U.S. Commodity Futures Trading Commission (CFTC) for allegedly failing to report certain foreign currency swaps, the regulator said on Tuesday. The commission found that the bank failed to report nearly 2.1 million short-dated foreign exchange swap transactions from September 2015 …
JPMorgan fined $850,000 for alleged swap reporting failures Read More »
By Echo Wang NEW YORK (Reuters) – The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped. U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording …
S&P 500, Nasdaq end higher as investors eye economic path Read More »
By Anna Ringstrom and Stine Jacobsen STOCKHOLM (Reuters) -Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its financial position and liquidity. Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that …
Strike-hit airline SAS files for U.S. bankruptcy protection Read More »
OSLO (Reuters) – All SAS cabin crew in Norway are now on furlough , a union spokesperson told Reuters on Tuesday. The move comes after pilots at the Scandinavian airline went on strike on Monday. SAS has also filed for bankruptcy protection in the United States, warning strike action by pilots had impacted its financial …
Airline SAS furloughs all Norwegian cabin crew, union says Read More »
(Reuters) -AstraZeneca agreed to acquire biotechnology firm TeneoTwo Inc in a deal worth up to $1.27 billion on Tuesday, in a move to bolster its roster of therapies to treat blood cancers. At the heart of the deal is the U.S.-based company’s early stage experimental treatment for a form of Non-Hodgkin’s lymphoma, a type of …
AstraZeneca to buy biotech firm TeneoTwo for up to $1.27 billion Read More »
(Reuters) -Russian businessman Vladimir Potanin, the largest shareholder at Nornickel, said he was ready to discuss a possible merger of the mining giant with aluminium producer Rusal, in part as a defence against Western sanctions. Potanin told RBC TV he had sent a letter on Monday confirming his agreement to start merger discussions “because this …
Russia’s Potanin ready to discuss Nornickel-Rusal merger Read More »
PARIS (Reuters) -Seven years after an aborted flotation, French music streaming platform Deezer failed to attract much investor interest for its Paris market debut and its shares fell 11% in early dealing on Tuesday. Deezer opened at 8.50 euros, before heading down to 7.950 euros per share by 0739 GMT. Deezer and its rivals represent …
France’s Spotify rival Deezer loses ground on its stock market debut Read More »
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over the long-term, a Bank of Canada survey showed Monday, bolstering calls for a very rare 75-basis point rate increase. “Consumers’ expectations for inflation have risen, alongside concerns about prices for food, …
Canadian inflation expectations bolster case for supersize rate hike Read More »
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity lost some momentum in June as inflation pressures and material shortages held back production and firms became less optimistic about future output, data showed on Monday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 54.6 in June, its lowest level …
Canadian factory activity grows at slowest pace in 17 months Read More »
By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s closely watched black market peso crashed on Monday after the country’s economy minister quit abruptly over the weekend and was replaced by an economist more closely aligned with the far-left wing of the ruling Peronist coalition. Argentine President Alberto Fernandez was set to swear in …
Argentina black market peso crashes as new economy chief takes reins Read More »
