By Joel Jose (Reuters) -Citigroup and UBS Global Research became the latest Wall Street brokerages to raise their year-end targets for the S&P 500 index, pointing to receding policy risks and resilient corporate earnings.Citi bumped the benchmark index’s target to 6,600 from 6,300 and UBS to 6,100 from 5,500, implying an upside of 3.2% and …
Citigroup, UBS lift S&P 500 year-end targets echoing Wall Street peers Read More »
HOUSTON (Reuters) -Toronto-listed miner Gold Reserve has asked a U.S. federal court to proceed to the final sale hearing that will decide the winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing. Gold Reserve’s request was filed on Monday, following a notification last week about a …
Gold Reserve asks US court to proceed to sale hearing in Citgo auction Read More »
By Emma Rumney LONDON (Reuters) -The U.S. Postal Service has cracked down on distributors of unregulated vapes using its services for business shipments, letters reviewed by Reuters show, in a blow to a multi-billion dollar industry that has dented Big Tobacco’s sales. The letters, previously unreported, show that USPS wrote to major New York-based distributor …
Exclusive-USPS blocks shipping of illicit vapes in boost for Big Tobacco Read More »
By Sarupya Ganguly BENGALURU (Reuters) -Longer-term U.S. Treasury yields will rise modestly in coming months on tariff inflation worries and a deluge of new debt issuance even as short-term yields fall on renewed Federal Reserve rate cut bets, a Reuters survey of bond strategists showed. Both two-year and 10-year yields have fallen about 25 basis …
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Buoyant stock markets and an event-free Monday are allowing investors to prep for the three big events of the week: Tuesday’s U.S. consumer inflation report, the China trade deadline and Friday’s U.S.-Russia summit in …
By Joanna Plucinska, Joe Brock, Marleen Kaesebier and Paul Carsten PARAMOUNT, California (Reuters) -In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the aviation industry to follow in its drive to cut emissions. Six years later, that collaboration is …
The airline industry’s dirty secret: Clean jet fuel failures Read More »
(Reuters) -Money transfer company Western Union said on Sunday it will acquire Intermex, a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash. Western Union will pay $16 for each Intermex share, representing a premium of over 70% to Intermex’s last close of $9.28 on …
Western Union to acquire Intermex for about $500 million Read More »
TAIPEI (Reuters) -Taiwan’s cabinet is still negotiating for more favourable tariff rates after U.S. President Donald Trump imposed a 20% levy on the island, Vice Premier Cheng Li-chiun said on Monday. “Taiwan’s goal is to seek a better and more reasonable tariff rate from the U.S.”, Cheng told a news briefing, adding that negotiations with …
Taiwan is continuing tariff negotiations with US, cabinet official says Read More »
By Aditya Kalra NEW DELHI (Reuters) -From McDonald’s and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi’s supporters stoke anti-American sentiment to protest against U.S. tariffs. India, the world’s most populous nation, is a key market for American brands that …
In India, Trump’s tariffs spark calls to boycott American goods Read More »
By Raul Cortes MEXICO CITY (Reuters) -Mexico is looking for footwear giant Adidas to pony up after a Mexican-American designer, Willy Chavarria, working with the firm launched a shoe inspired by a traditional Indigenous sandal, authorities said on Friday. Chavarria, who has been hailed in the United States for his work bringing Latino issues to …
