By Huw Jones LONDON (Reuters) – The Bank of England said on Monday it will check from October whether top banks can be smoothly wound down in a crisis after the forced takeover of Credit Suisse raised questions about the credibility of “resolvability” plans. The BoE said leading banks, such as HSBC, Lloyds, NatWest and …
Bank of England to check credibility of top banks’ wind-down plans Read More »
LONDON (Reuters) -The peak holiday season is gearing up, but school’s not quite out for summer in financial markets. With the U.S. Federal Reserve, European Central Bank and Bank of Japan meeting, the first snapshot of July business activity, earnings and a Spanish election on the calendar, there’s lots going on. Here’s a look at …
MEXICO CITY (Reuters) – Mexico has been hit with three sets of trade arbitration proceedings in the past few days, according to the International Centre for Settlement of Investment Disputes (ICSID). First Majestic Silver and Silver Bull Resources, both Canadian companies, as well as U.S. food firm Arbor Confections have filed cases against Mexico, ICSID …
Mexico hit by trade arbitration proceedings from Canadian, US firms Read More »
By Matt McKnight (Reuters) – Hundreds of thousands of Taylor Swift fans descended on Seattle on Saturday ahead of the pop star’s “The Eras Tour”, her latest stop in tourism-boosting concerts across the United States. Throngs of fans lined up to purchase T-shirts and other merchandise outside Lumen Field, where the mega-star will perform on …
Taylor Swift fans swarm Seattle as city hopes for economic boost Read More »
GOA (Reuters) – The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Barol said on Saturday. He reiterated the IEA’s view that oil markets are expected to tighten in the second half of the year. …
IEA chief says oil demand projections depend on China’s growth Read More »
By Davide Barbuscia NEW YORK (Reuters) – A feared liquidity drainage in the U.S. banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently, assuaging some concerns the bond spree could lead to further credit tightening. The U.S. Treasury started rebuilding its account through T-bills after the …
US banks’ reserves steady, assuaging liquidity drainage fears Read More »
By Niket Nishant and Jaiveer Shekhawat (Reuters) -Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over faltering loan demand and a rise in deposit costs. The Federal Reserve’s fastest monetary tightening cycle since the 1980s helped lift lenders’ net interest …
U.S. banks warn of interest income weakness after upbeat quarter Read More »
MEXICO CITY (Reuters) – Mexico’s headline inflation likely eased in the first half of July to its lowest level in more than two years, but still remained above the central bank’s target, a Reuters poll showed Friday, reinforcing bets the bank will hold its key rate longer. The median forecast of 10 analysts see annual …
Mexico headline inflation seen slowing in early July to 2021 levels – Reuters poll Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid ongoing labor market tightness and defying efforts by the Federal Reserve to slow demand. The second straight weekly decline in claims reported by the Labor Department on …
US labor market still tight; housing market slump persists Read More »
By Safiyah Riddle (Reuters) – An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the 2007-2009 recession. The Conference Board on Thursday said its Leading …
U.S. leading indicators point to recession starting soon Read More »
