NEW YORK (Reuters) – The short-term cost of insuring exposure to U.S. government debt climbed further on Friday in a sign of investor nervousness. Spreads on U.S. six-month credit default swaps (CDS) – market-based gauges of the risk of a default – widened to 70 basis points on Friday from 65 bps on Thursday, according …
US government 6-month credit default swap spreads widen Read More »
ZURICH (Reuters) – Switzerland’s main banking lobby on Friday said the Swiss economy could face serious consequences if UBS were driven away, intensifying warnings about the risks of hitting the bank with excessive regulations. Switzerland is drawing up stricter banking rules to make the sector more robust after the 2023 collapse of Credit Suisse. UBS …
Swiss bank lobby steps up warnings on UBS relocation risk Read More »
(Reuters) -Cable TV pioneer John Malone is not seeking re-election to the board of Warner Bros Discovery and will instead take on the role of chairman emeritus, the media company said on Friday. Malone’s decision was not driven by any disagreement with the company, and he would continue to counsel the board in his new …
Warner Bros Discovery says John Malone will not seek board re-election Read More »
By Davide Barbuscia and Pritam Biswas (Reuters) – BlackRock’s assets increased to a record high value in the first quarter, but the CEO of the world’s largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability. Assets managed by the New York-based firm increased to …
BlackRock assets hit record but Fink warns of market anxiety Read More »
(Reuters) -Traders on Friday continued to pull back from bets on aggressive Federal Reserve interest-rate cuts this year, as the closely-followed University of Michigan surveys of consumer sentiment showed confidence and inflation expectations deteriorating further in late March and early April. Prices of interest-rate futures continue to reflect expectations that the U.S. central bank will …
Traders lighten bets on Fed rate cuts, still eye June start Read More »
BUENOS AIRES (Reuters) – Argentine peso futures have weakened sharply in recent days as traders place tentative bets on a faster depreciation of the embattled currency amid uncertainty over the exchange rate regime ahead of a deal with the International Monetary Fund. The April peso future contract has weakened to around 1,180 per dollar from …
Argentina FX futures jittery as traders place bets ahead of IMF deal Read More »
By Lewis Jackson BEIJING (Reuters) – Shipments of seven rare earths placed on an export control list last week by Beijing have ground to halt, three sources said, raising the risk of shortages overseas as Chinese exporters begin the long, uncertain wait for government licenses. Shipments stopped on April 4, the sources familiar with the …
China’s rare earth exports grind to a halt as trade war controls bite Read More »
By Michael S. Derby (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Friday that financial markets, which have been under massive pressure, appear to be holding in, in comments made in an interview with Yahoo Finance. “Markets continue to function well,” Collins said in the interview, adding “financial market movements are something to …
Fed’s Collins tells Yahoo Finance that markets are holding in for now Read More »
By Colleen Goko JOHANNESBURG (Reuters) -Turmoil in the wake of U.S. President Donald Trump’s tariff hikes has abruptly stalled emerging market sovereign debt sales in April, after issuance from developing nations and companies shattered first-quarter records. April is usually a busy month for emerging market debt sales on international capital markets, but policy uncertainty, fears …
Trade turmoil stymies emerging market bond sale bonanza Read More »
Fastenal reported first-quarter revenue and profit in-line with Wall Street’s estimates on Friday, as higher-value contracts for its fasteners and other industrial supplies helped it offset weaker demand from manufacturing and construction sectors. The company said more customers — factories, warehouses and construction sites among others — crossed the threshold of $10,000 per month in …
Fastenal’s bigger orders offset weaker demand for industrial supplies Read More »
