By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve’s two-day monetary policy meeting. All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week’s sell-off. …
Wall Street ends sharply higher, powered by earnings momentum; Fed eyed Read More »
BRASILIA (Reuters) – Brazil created a net 211,764 formal jobs in September, official figures showed on Monday, slightly exceeding expectations as the labor market shows resilience in the country. Economists polled by Reuters were expecting 208,850 jobs to be created in the month. Year to date, 1.6 million jobs were created, according to the Labor …
Brazil creates more formal jobs than expected in September Read More »
ZURICH (Reuters) -The Swiss National Bank on Monday said it will reduce the amount of interest it pays commercial banks for money deposited with it overnight after costs soared with the end of its negative-rate regime and efforts to stem the rise of the safe-haven franc. The SNB paid out 3.3 billion Swiss francs ($3.66 …
Swiss National Bank cuts rates on overnight deposits as interest costs soar Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -The U.S. Treasury may need to keep things short for the sake of the long end. Treasury’s staid debt management operations are rarely driven by market timing, but the re-surfacing of a long-absent “term premium” may be an exception that paves the way for more short-term bill sales next …
US ‘term premium’ shock may need T-bill surprise: McGeever Read More »
(Reuters) – Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted from unauthorized adjustments, the Wall Street Journal reported. The Securities and Exchange Commission (SEC) is examining the matter, Sunday’s WSJ report added, citing sources. The SEC declined to comment on the WSJ report when approached …
Two Sigma tells clients of $620 million in unexpected gains, losses -WSJ Read More »
BUENOS AIRES (Reuters) – The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations. Ten fuel shipments imported by the government are beginning to arrive, although distribution may take a few …
Argentina says fuel shortages should ease soon, imports arriving Read More »
ROME (Reuters) – Italy’s government plans to hike taxes on short-term rentals by people letting out more than one flat, a draft of the 2024 budget seen by Reuters showed on Saturday. The move comes in the wake of criticism of Airbnb and other short-term rental platforms for contributing to a shortage of affordable housing …
Italy to raise taxes for flat owners doing multiple short-term rentals Read More »
By Valentine Hilaire (Reuters) -Panama will reject all new mining projects, the president said on Friday, as his government defends a controversial contract extending operations for two decades at a major copper mine that has sparked growing protests demanding its cancellation. President Laurentino Cortizo announced that the new mining restrictions will apply to both future …
Panama orders halt to new mining projects as street protests grow Read More »
(Reuters) – Brazil’s central bank said on Friday it would hold auctions starting on Monday to roll over $15.5 billion in traditional currency swaps maturing on Jan. 2. The central bank said in a statement that daily traditional swap auctions would be held as long as necessary for the expiring stock to be fully renewed. …
Brazil central bank to roll over currency swaps expiring in January Read More »
By Lucia Mutikani WASHINGTON (Reuters) – Strikes by members of the United Auto Workers (UAW) union including against Detroit’s Big Three car manufacturers could subtract at least 29,000 jobs from U.S. nonfarm payrolls in October, government data showed on Friday. The Labor Department’s monthly strike report showed 25,300 workers were idle at assembly plants owned …
Auto strikes to reduce US payrolls count in October -government report Read More »
