By Nichola Saminather TORONTO (Reuters) -Royal Bank of Canada, Toronto-Dominion Bank and Bank of Montreal said on Wednesday they will raise their prime lending rates for the first time since October 2018, after the Bank of Canada hiked its benchmark rate by 25 basis points. The higher prime rate, which variable-rate mortgages are tied to, …
Canada’s major lenders lift prime rates to 2.7% after central bank hike Read More »
A look at the day ahead in markets from Dhara Ranasinghe. When the yield on Germany’s benchmark Bund, considered one of thea safest assets in the world, posts its biggest one-day fall since 2011 (as it did on Tuesday), something has changed. The slide in borrowing costs in Germany, with 10-year yields back in negative …
By Jonathan Saul, Stine Jacobsen and Dawn Chmielewski (Reuters) -American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country. Apple Inc said it had …
Apple stops product sales in Russia, adding to pressure from shippers, car makers Read More »
By Alexander Schummer TORONTO (Reuters) -Canada ratcheted up pressure on Russia on Tuesday for its invasion of Ukraine by shutting ports to Russian-owned ships and saying that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian …
Canada shuts ports to Russian ships over Ukraine invasion Read More »
(Reuters) – Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” of the sanctions imposed on the country following its invasion of Ukraine. “The severe strengthening in sanctions with an associated weakening of credit fundamentals and elevated geopolitical risk drive …
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’ Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investment firm Starboard Value LP is arguing that Huntsman Corp investors should elect its director candidates to the board to ensure the chemical maker delivers on promises to shareholders. Starboard, which owns an 8.6% stake in Huntsman, launched a proxy contest in January when it nominated four people …
Starboard argues Huntsman needs new directors to achieve promises Read More »
By Shrutee Sarkar BENGALURU (Reuters) – Canada’s runaway house prices will keep growing at a robust pace this year, despite several rate rises expected from the central bank, according to a Reuters poll, which also showed the likelihood of a significant correction was low. Home prices in Canada, one of the frothiest property markets in …
Canada home prices to defy gravity this year, correction unlikely: Reuters poll Read More »
(Reuters) – Global index publisher FTSE Russell said on Tuesday an annual reconstitution of its indexes would take place in late June, the third rebalancing since the onset of the COVID-19 pandemic. The rebalancing for this year will begin on May 6, with eligibility for the reconstitution determined from constituent market capitalization, FTSE Russell said. …
FTSE Russell says annual indexes reconstitution to occur in late June Read More »
By Francois Murphy and Daria Sito-Sucic VIENNA/SARAJEVO (Reuters) – The European arm of Sberbank, Russia’s biggest lender, has been closed by order of the European Central Bank, which had warned it faced failure due to a run on deposits after Russia invaded Ukraine, Austria’s Financial Market Authority said. The European Central Bank’s Single Resolution Board …
ECB orders European arm of Russia’s Sberbank closed, Austria’s FMA says Read More »
LONDON (Reuters) – Trading volumes in Russian bonds evaporated on Monday after Western nations stepped up sanctions in the wake of Moscow’s invasion of Ukraine, data from trading platform Marketaxess showed on Tuesday. Marketaxess said late on Tuesday that it will not provide trading on Russian sovereign bonds and corporates, until further notice. The European …
Russian bonds trading volumes shrivel as sanctions bite Read More »
