By Swathi Nair BENGALURU (Reuters) – Recession risks in the euro area are rising, with euro zone inflation seen running hot for the remainder of 2022 and the European Central Bank likely to increase its deposit rate by year-end, a Reuters poll showed. While inflation hit another record high of 7.5% in March, it is …
Euro zone inflation to run hot, fan recession risk – Reuters poll Read More »
By Ananya Mariam Rajesh (Reuters) -Levi Strauss & Co quarterly results beat Wall Street estimates on Wednesday, helped by price increases and strong demand for its jeans, tops and jackets as more people venture out and attend social events. Shares of the jeans maker, which reaffirmed its revenue and profit forecast for 2022, rose about …
Levi Strauss results tops estimates on strong demand, price hikes Read More »
By Julie Gordon OTTAWA (Reuters) – With an election looming, Canada’s province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work. Already there are signs the red-hot markets are cooling after last …
Analysis-Rising rates to cool Ontario housing market more than pre-election promises Read More »
By Howard Schneider and Ann Saphir (Reuters) -Federal Reserve officials in March “generally agreed” to cut up to $95 billion a month from the central bank’s asset holdings as another tool in the fight against surging inflation, even as the war in Ukraine tempered the first U.S. interest rate increase. Minutes of the Fed’s March …
Fed officials to take cleaver to balance sheet; ‘many’ back big rate hikes Read More »
By Dan Burns (Reuters) – The Federal Reserve on Wednesday signaled it will likely start culling assets from its $9 trillion balance sheet at its meeting in early May and will do so at nearly twice the pace it did in its previous “quantitative tightening” exercise as it confronts inflation running at a four-decade high. …
By Jonathan Stempel and Jody Godoy NEW YORK (Reuters) -BlackBerry Ltd plans to settle a more than eight-year-old lawsuit claiming it defrauded shareholders by inflating the success and profitability of its long-discontinued BlackBerry 10 smartphones. In a Wednesday filing with the U.S. District Court in Manhattan, lawyers for BlackBerry and the shareholders asked U.S. District …
BlackBerry plans to settle lawsuit over BlackBerry 10, avoid U.S. trial Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A surge in hedging to protect against aggressive Federal Reserve tightening has caused liquidity problems in the interest rate options sector, reflecting a trend that has been going on in some parts of the bond market. Strong demand has hoisted volatility on so-called swaptions, or options on interest …
Volatility surge causes liquidity strain in rate options market as Fed tightens Read More »
By Steve Scherer OTTAWA (Reuters) -Canada will earmark C$15 billion ($12 billion) over five years for a Growth Fund to attract private investment in new and green technologies, a senior government source said on Wednesday, a day before this year’s budget presentation. The money being set aside for the fund will come from the “existing …
Exclusive-Canada C$15 billion fund to attract private investment in technologies -source Read More »
By Lewis Krauskopf, Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – Wall Street’s main indexes fell on Wednesday, with steep declines in tech and other growth stocks, after minutes from the Federal Reserve’s March meeting sharpened investors’ focus on the U.S. central bank’s plans to fight inflation. The tech-heavy Nasdaq logged a decline of over …
(This April 5 story removes reference to investment by venture capital firm M13 in paragraph 1 after the company clarifies) By Lisa Pauline Mattackal (Reuters) – Ethereum blockchain scaling platform Boba Network raised $45 million in its series A round, with participation from investors including Will Smith-led Dreamers VC, Paris Hilton and husband Carter Reum …
Will Smith-backed venture capital firm, Paris Hilton invest in blockchain network Boba Read More »
