Reuters US Business

By Rodrigo Campos NEW YORK (Reuters) – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in the face of tighter U.S. monetary policy, Moody’s said on Monday. Interest rate hikes from the U.S. Federal Reserve are likely to …

U.S. rate hikes could hit highly dollarized emerging market banks – Moody’s Read More »

By Herbert Lash NEW YORK (Reuters) -The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest rates that pushed regional bond yields in Europe up to multi-year highs. There is no need for big monetary policy tightening in the euro …

Dollar up, euro down as pair face off in rate hike tussle Read More »

By Subrat Patnaik and Akash Sriram (Reuters) -Tesla Inc said on Monday it received a subpoena from the U.S. securities regulator related to a settlement that required Chief Executive Elon Musk’s tweets on material information about the company to be vetted. The subpoena by the U.S. Securities and Exchange Commission was issued on Nov. 16, …

Tesla receives subpoena from U.S. securities regulator over 2018 settlement Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bitcoin rose to a four-week high on Monday, climbing for a second consecutive session, driven in part by liquidation of some short positions that have accumulated in the virtual currency’s recent three-month downtrend. The world’s largest cryptocurrency hit $44,524.18 , the highest since mid-January. It was last up 3.8% …

Bitcoin rallies to four-week high, ether hits three-week peak Read More »

By Pete Schroeder WASHINGTON (Reuters) -Senior Democrats in the U.S. Senate are pressing JPMorgan Chase & Co for details on how they take overdue credit card borrowers to court. In a letter sent to the bank on Monday, Senate Banking Committee Chairman Sherrod Brown pressed for specifics on how the bank tries to collect on …

U.S. Senate Democrats press JPMorgan for details on debt collection practices Read More »

By Manas Mishra (Reuters) – Investors on Tuesday hope to learn Pfizer Inc’s plans for what could be a once-in-a-generation cash infusion from COVID-19 treatments and vaccines in 2022, with some looking for the drugmaker to spend on deals. Pfizer’s 2021 sales are expected to top $80 billion – its highest ever annual figure, according …

Pfizer’s COVID cash pile opens opportunities for deals Read More »

(This February 4 story corrects milestone date in paragraph 13 to January 2020, from December 2019) By Katanga Johnson WASHINGTON (Reuters) – Stock indexes around the globe traded mixed on Friday despite strong Amazon earnings, while gold prices slipped under pressure from a firmer dollar and higher U.S. Treasury yields as upbeat U.S. jobs data …

World equities waver as bond yields rise after ‘stunning’ U.S. jobs data, earnings Read More »