(Reuters) – BofA Global Research and Oppenheimer Asset Management on Monday became the latest Wall Street research firms to cut their year-end targets for the S&P 500 index to below the 6,000 mark in response to risks from a deepening global trade war. Oppenheimer reduced its target for the benchmark index to 5,950 from 7,100 …
BofA, Oppenheimer latest on Wall St to slash S&P 500’s annual target Read More »
By Anna Hirtenstein LONDON (Reuters) – Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which hit a record peak last week, also fell amid …
Oil drops to four-year low, metals fall on recession fears Read More »
By Maria Martinez BERLIN (Reuters) – The tariffs announced by the United States will deal a major blow to the German economy, delaying a recovery and possibly putting Europe’s biggest economy on track for a third year of recession for the first time in history, analysts said. Germany, the biggest trading partner of the United …
Germany faces third possible year of contraction amid US tariffs, analysts say Read More »
TOKYO (Reuters) -Honda Motor said on Monday that it had accepted the resignation of Executive Vice President Shinji Aoyama which followed an allegation of inappropriate conduct during a social gathering outside of work hours. Honda did not elaborate on Aoyama’s conduct in question, but said CEO Toshihiro Mibe will take a 20% salary cut for …
Honda EVP Aoyama resigns after ‘allegation of inappropriate conduct’ Read More »
By Siyi Liu SINGAPORE (Reuters) -Saudi Arabia, the world’s top oil exporter, on Sunday slashed its prices for Asian buyers to close to their lowest level in four years, adding to speculation it is seeking to regain market share as part of OPEC+’s strategy to speed up oil output hikes. State oil company Saudi Aramco …
Saudi Arabia cuts May oil prices to Asia close to four-year low after OPEC+ supply boost Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Forget about those puts. The White House does not seem concerned enough about crashing global stock prices to reverse its massive trade tariffs, and the Federal Reserve appears in no hurry to …
Morning Bid: Stocks crater again, no ‘ifs’ or ‘puts’ Read More »
By Scott Murdoch (Reuters) – Australian casino group Star Entertainment said on Monday it had agreed to a A$300 million ($179.70 million) rescue package from U.S. group Bally’s that will hand over control of the embattled group. The investment will be made through multi-tranche convertible notes and subordinated debt instruments, Star said in an Australian …
Australia casino group Star Entertainment agrees $180m Bally’s rescue bid Read More »
(Reuters) – The state of Texas on Saturday said it opened a probe into WK Kellogg, saying the breakfast cereal maker could be violating state laws by advertising its products as “healthy.” The office of state Attorney General Ken Paxton said in a statement that some of the company’s breakfast cereals – which include Froot …
Texas opens probe into WK Kellogg over health claims Read More »
By Christine Chen and John Biju SYDNEY (Reuters) -Woodside Energy, Australia’s top gas producer, said on Monday it agreed to sell a 40% stake in its Louisiana liquefied natural gas plant to U.S. infrastructure investor Stonepeak for $5.7 billion. The deal reduces Woodside’s capital spending needs and marks a “material step” towards a final investment …
Australia’s Woodside sells Louisiana LNG stake to Stonepeak for $5.7 billion Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s mortgage market, for years almost non-existent due to spiraling triple-digit inflation and high borrowing costs, is starting to show signs of coming back to life under the pro-market reforms of libertarian President Javier Milei. Monthly new mortgages in Buenos Aires province, home to 40% of the country’s …
Argentina’s zombie mortgage market is coming back to life Read More »
