By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. So Japan isn’t in recession after all. Revisions now put economic growth at +0.1% q/q in the fourth quarter, instead of -0.1%, so nullifying all the media lamentation about Japan’s contraction. When it comes to about …
Morning Bid: Accentuating the positive at the BOJ Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo is leading a presidential trade and investment mission to the Philippines starting Monday as the United States looks to fortify economic ties across the region. Raimondo plans to tout the Philippines as a key hub for regional supply chains and investment in support of …
US aims to be ‘economic partner of choice’ for Indo-Pacific- Raimondo Read More »
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers weighing when to start interest-rate cuts got fresh reasons on Friday to remain on standby, after a government report showed robust job growth in February but also signs of labor market cooling that could help the Fed’s battle with inflation. U.S. employers added 275,000 jobs …
U.S. job market data bolsters Fed’s ‘no rush’ rate cut view Read More »
(Reuters) – Ratings agency Moody’s said on Friday that U.S. hospitals, physician facilities and other medical providers could see a credit impact resulting from disruptions from the hack at UnitedHealth’s Change Healthcare, which processes medical insurance claims and payments. The unit, which processes about 50% of medical claims in the U.S., was breached on Feb. …
US providers could see credit impact from Change Healthcare hack, Moody’s says Read More »
MILAN (Reuters) – Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked Open AI to clarify whether the way it informs users and non users about the data it employs …
Italy’s data watchdog looks into Open AI tool that turns text into video Read More »
By Fergal Smith (Reuters) -Canada’s main stock index edged lower on Friday but still notched its fourth straight weekly gain as bigger-than-expected U.S. and Canadian jobs gains bolstered prospects of a soft economic landing. The Toronto Stock Exchange’s S&P/TSX composite index ended down 57.03 points, or 0.3%, at 21,737.53, after posting on Thursday its highest …
TSX notches longest weekly winning streak in nearly one year Read More »
By Manya Saini and Niket Nishant (Reuters) -New York Community Bancorp’s turnaround will likely take a long time as analysts expect profits to remain under pressure from the lender’s efforts to boost reserves for potential bad loans in its commercial real estate portfolio. This week’s $1.05 billion capital raise has helped stem the rout in …
NYCB turnaround faces rocky road as commercial real estate exposure a drag Read More »
LONDON (Reuters) – The United Nations food agency’s world price index fell in February for a seventh consecutive month as lower prices for all major cereals more than offset the rising price of sugar and meat. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally traded food commodities, averaged 117.3 points …
World food price index falls in February for seventh straight month – UN FAO Read More »
By Mike Dolan LONDON (Reuters) – If the British government is trying to steer more domestic investors back into unloved UK stocks, it has a mammoth task on its hands given the scale of the desertion over recent years. In his budget speech this week, finance minister Jeremy Hunt unveiled a new “UK ISA”, or …
Column-UK equity ‘dark age’ reflects alarming desertion :Mike Dolan Read More »
By Abigail Summerville and Echo Wang (Reuters) – Harry’s Inc, a maker of razors and other grooming and personal care products that was valued at $1.7 billion in a private fundraising round in 2021, has filed confidentially with U.S. regulators for an initial public offering, according to people familiar with the matter. Harry’s has tapped …
