Reuters US Economy

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Tuesday said it has identified a “control deficiency” that gave enforcement staff access to certain adjudicatory memoranda meant for commission decision-making. The SEC conducted a review into the deficiency and found that, as it relates to two adjudicatory matters currently in litigation in federal …

U.S. securities regulator reviewing internal ‘control deficiency’ Read More »

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index fell on Tuesday, pulling back from a record intraday high, as the potential for aggressive U.S. interest rate hikes weighed on investor sentiment. The Toronto Stock Exchange’s S&P/TSX composite index ended down 154.77 points, or 0.7%, at 21,930.83, after earlier touching a record level of …

TSX retreats from record high as Fed outlook spooks investors Read More »

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador expressed concern about food inflation and asked U.S. Agriculture Secretary Tom Vilsack to work with Mexico to curb the impact of rising prices, Mexican Agriculture Minister Victor Villalobos said on Tuesday. Vilsack is in Mexico meeting with Villalobos to discuss cooperation on “shared priorities including open …

Mexico asks U.S. to coordinate on tamping down food inflation Read More »

By Sinead Cruise and Carolina Mandl NEW YORK (Reuters) – JPMorgan & Chase on Tuesday started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to liquidate what have largely been frozen holdings. The move comes after the London Stock …

JPMorgan allows clients to cancel depositary receipts in Russian companies- sources Read More »

NEW YORK (Reuters) – Bank of America told staff earlier this week that it plans to bring workers back to offices by June 1, including those who are not vaccinated, Bloomberg reported on Tuesday. Staff will return in a series of stages, although workers have already begun returning to offices in some cities, including in …

Bank of America to bring workers back to office by June 1 -Bloomberg Read More »

SAO PAULO (Reuters) – The International Finance Corporation (IFC), the World Bank’s private-sector arm, is expected to maintain the pace of its environment-focused investments in Brazil regardless of the outcome of the country’s October presidential election, an IFC executive said on Tuesday. “Even if the government is not actively supporting the environmental agenda, we are …

IFC to keep pace of investments in Brazil with environmental focus Read More »

(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President Mary Daly said on Tuesday. “I’m not expecting that we’ll fall into recession,” Daly told a meeting of the Native American Finance Officers Association in …

Fed’s Daly sees slower growth, but no recession ahead Read More »

LONDON (Reuters) – Euro zone business growth got a boost last month from the re-opening of economies following the Omicron coronavirus variant, according to a survey which however showed that soaring energy costs and Russia’s invasion of Ukraine threaten the recovery. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good guide to …

Euro zone economy got March boost from reopening but prices soared -PMI Read More »