By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Investors in U.S. interest rate options are paying a premium for trades that will pay off if there is a dramatic drop in interest rates, suggesting the derivatives market is pricing in a sharper slowdown than anticipated in the world’s largest economy. This situation was a big turnaround from …
US swaption investors pay steep price for hard-landing bets Read More »
(Reuters) – Australia’s Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years, the bank said on Friday. The class action, which was filed by law firm Maurice Blackburn in 2020, claimed Westpac and St George Finance …
Australia’s Westpac settles auto finance class action lawsuit for $81 million Read More »
LONDON (Reuters) – Investors pulled $2.8 billion from stock funds in the week to Wednesday in the biggest weekly outflow this year, Bank of America said on Friday, in a sign of a souring of the mood in global financial markets. The U.S. S&P 500 stock index has now fallen more than 10% from its …
Stocks suffer biggest weekly outflow this year in ‘risk-off’ move, BofA says Read More »
(Reuters) – BMW’s Chief Financial Officer said on Friday that the added tariffs on U.S. imports imposed up until March 12 would reduce its earnings margin in the autos segment by one percentage point, according to a copy of his speech seen in advance. Still, the carmaker anticipated solid market development in the United States …
BMW says U.S. tariffs to dent autos earning margin by one percentage point Read More »
By David Shepardson WASHINGTON (Reuters) -U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump’s aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump’s tariffs, but is notable because it is …
By David Lawder and Timothy Gardner WASHINGTON (Reuters) -The administration of President Donald Trump said on Thursday that the wind-down of a license allowing energy transactions with Russian financial institutions expired this week, raising pressure on Russian President Vladimir Putin to come to a peace agreement over Ukraine. A Treasury spokesperson said that General License …
Trump pressures Russia by letting energy financing license expire Read More »
(Reuters) -Australia will provide ANZ with a decade-long loan guarantee of A$2 billion ($1.26 billion), to ensure the bank maintains the branch network across the Pacific, a move seen as a diplomatic win amid growing regional competition with China. The federal government considers the likelihood of the guarantee being called is “very low”, and the …
Canberra to give ANZ $1.3 billion loan guarantee to keep Pacific branches afloat Read More »
SAO PAULO (Reuters) -Brazilian power firm Eletrobras reported on Thursday a near 25% increase in its fourth-quarter net profit from a year earlier to 1.11 billion reais ($191.4 million). The company also announced 1.8 billion reais ($310 million) in additional dividends to shareholders in a separate statement. WHY IT’S IMPORTANT Eletrobras is Latin America’s largest …
Brazil’s Eletrobras posts profit increase, announces additional dividends Read More »
(Reuters) – The S&P 500 dipped 1.4% on Thursday, leaving it down 10.1% from its record high close on February 19 and confirming the widely followed benchmark is in a correction as an escalating tariff war between the U.S. and its top trade partners fuels concerns about a recession. The confirmation that the S&P 500 …
S&P 500 confirms correction from February high as tariffs weigh Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating tariff war being waged by the United States against some of its biggest trading partners could reignite inflation and tip the …
Wall Street slides as trade war escalates, S&P 500 confirms correction Read More »
