SYDNEY (Reuters) -New Zealand home prices edged lower in August, the Real Estate Institute of New Zealand (REINZ) said on Tuesday, as prospective buyers remained cautious despite aggressive interest rate cuts from the central bank to spur the economy. Seasonally adjusted median house prices dipped 1.3% from July, and were 0.5% lower on the previous …
New Zealand home prices dip in August, buyers remain cautious Read More »
By Marianna Parraga HOUSTON (Reuters) – A long-awaited sale hearing expected to complete a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum kicked off on Monday, with bidders and creditors locked in a bitter dispute over who should win. The Delaware court is hearing testimony from involved parties, witnesses …
Citgo parent auction nears final stages as sale hearing kicks off Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. and world stocks roared to new highs on Monday, and the dollar and Treasury yields slipped as investors maintained an aggressively “risk on” stance in anticipation of an interest rate cut from the …
Trading Day: Tech momentum accelerates as Fed looms Read More »
By Michael S. Derby (Reuters) – James Bullard, the former president of the Federal Reserve Bank of St. Louis, said Monday he’d spoken last week with Treasury Secretary Scott Bessent about becoming central bank chair, and that he’s very interested in the job under the right set of conditions. “I talked to the Treasury secretary …
SAO PAULO (Reuters) – Brazilian cosmetics maker Natura has agreed to sell Avon’s businesses in a series of Central American countries to Grupo PDC, it said on Monday, as part of ongoing efforts to simplify its operations. The company said in a securities filing that the deal priced at $1 includes Avon’s operations in Guatemala, …
Natura to sell Avon’s Central America business; shares rise Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility on Monday, the deadline for quarterly corporate tax payments and Treasury debt settlements, Fed data showed, suggesting some tightness in meeting funding obligations. The SRF serves as a backstop for any potential funding shortage. Launched in …
US banks borrow $1.5 billion from Fed’s repo facility in sign of mild funding pressure Read More »
(Reuters) -Nasdaq CEO Adena Friedman on Monday advocated to provide public companies the option to report either quarterly or semi-annually, as the exchange operator reinforces its support for reforms to reduce reporting burden on publicly listed companies. The comments come after U.S. President Donald Trump on Monday renewed calls for ending quarterly reports for companies, …
Nasdaq supports reforms to reduce burden on public companies, CEO Friedman says Read More »
By Kritika Lamba (Reuters) – Tesla shares jumped 6% in early trading on Monday after CEO Elon Musk disclosed his purchase of about $1 billion worth of the electric vehicle-maker’s stock, in the latest vote of confidence from the billionaire in the company’s future. The stock purchase – Musk’s first open-market buy since early 2020 …
Tesla gains as Musk’s $1 billion stock purchase reinforces confidence in EV maker Read More »
By Marianna Parraga HOUSTON (Reuters) – A request from special purpose acquisition company Blue Water Acquisition Corp to extend a final sale hearing in the U.S. court-ordered auction of Citgo Petroleum’s parent was denied by a Delaware judge on Monday. Blue Water last week submitted a bid valued at $10 billion the Venezuela-owned refiner, which included a …
US judge denies Blue Water’s request to extend Citgo parent’s sale hearing Read More »
By Arathy Somasekhar HOUSTON -Woodside Energy CEO Meg O’Neill expects demand for LNG to grow 50% over the next decade. O’Neill spoke on Monday at a groundbreaking ceremony for its Louisiana LNG export facility in Calcasieu Parish, Louisiana. (Reporting by Arathy Somasekhar in Calcasieu Parish, Louisiana; Editing by Nathan Crooks. )
