By Pete Schroeder (Reuters) -A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny. The Office of the Comptroller of the Currency issued an interim final rule that effectively erases a rule the regulator adopted under …
By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday. In its annual Financial Stability Report, the central bank …
Canadian financial system stable, but trade war poses big risks, says central bank Read More »
By Echo Wang NEW YORK (Reuters) -U.S. corporate travel and expense company Navan has hired underwriters for an initial public offering (IPO) in New York that could value it at more than $8 billion, according to people familiar with the matter. Navan has tapped a group of investment banks to work on a stock market …
Exclusive-Travel tech firm Navan hires banks for U.S. IPO, sources say Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission on Thursday proposed countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump. The new measures, representing the EU’s response to U.S. import taxes on cars and Trump’s …
EU sets out possible 95-billion-euro response to US tariffs Read More »
(This May 7 story has been corrected to show that Caswell was referring to Reeves’ budget update in March, not her full budget in November, in paragraph 9) By William Schomberg LONDON (Reuters) – British finance minister Rachel Reeves looks set to miss her budget targets again, in part due to the economic growth hit …
UK’s Reeves faces pressure to hike taxes again as economy stumbles, think-tank says Read More »
OTTAWA, May 8 (Reuters) – The Bank of Canada released the following statement by Governor Tiff Macklem on Thursday: “Good morning. Senior Deputy GovernorCarolyn Rogers and I are pleased to be here to discuss the Bank of Canada’s Financial Stability Report (FSR). “Each year, the Bank assesses the stability of Canada’s financial system and highlights …
FULL TEXT – Bank of Canada says trade uncertainty has pushed risks higher overall Read More »
(Reuters) -Mexico’s annual inflation rate came in line with market expectations in April, official data showed on Thursday, accelerating from the previous month but still within the central bank’s target range. That should allow the Bank of Mexico to keep lowering borrowing costs in Latin America’s second-largest economy, which faces a weakening trend amid mounting …
Mexico’s inflation meets expectations in April ahead of rate decision Read More »
By Colleen Goko JOHANNESBURG (Reuters) -Gabon’s recent swap of regional market bonds and bills did not amount to a distressed debt exchange, which means the country avoided a default, rating company Fitch said on Thursday. Fitch, which rates Gabon CCC, eight notches below investment grade, said the exercise trims 2025 repayments by the equivalent of …
Fitch says Gabon averted default, regional bond swap not distressed exchange Read More »
(Reuters) -U.S. bond giant PIMCO told the Financial Times that recession risks are at their highest in years and warned investors may be underestimating President Donald Trump’s resolve to restore the steep tariffs that roiled markets last month. “We very well may have a recession,” investment chief Dan Ivascyn told the FT on Thursday in …
PIMCO sees heightened US recession risks, FT reports Read More »
By Lucy Craymer WELLINGTON (Reuters) -New Zealand Prime Minister Christopher Luxon said on Thursday the government plans to increase total capital expenditure allocated in its upcoming budget, boosting investment in health, education, defence and transport portfolios. “The net capital allowance is NZ$4 billion ($2.38 billion) compared to NZ$3.6 billion previously signalled in the Budget Policy …
New Zealand plans to boost capital spending for key sectors in budget Read More »
