By Timothy Aeppel and Ann Saphir (Reuters) – Jay Baker is not worried about a recession. He worries about whether his new workers will keep leaving before the end of their first shift. The chief executive of Jamestown Plastics Inc, which operates a 100-worker plastics factory in western New York state, said before the pandemic …
Recession? What recession? Just don’t quit before lunch! Read More »
MOSCOW (Reuters) – Russian technology company Astra Linux is planning to hold an initial public offering (IPO) on the Moscow Exchange, the Vedomosti daily reported late on Thursday, quoting CEO Ilya Sivtsev, who declined to disclose a time frame, sums or terms. IPO activity gained pace in Russia in 2021 and at least 10 firms …
Russian OS producer Astra Linux plans Moscow IPO -Vedomosti Read More »
LONDON (Reuters) – Fixed income managers expect U.S. inflation to stay above the Federal Reserve’s 2% target for longer, with two-thirds of investors surveyed by Russell Investments expecting core inflation between 3% and 4.5% over the next 12 months. The quarterly survey released on Thursday, seen by Reuters before publication, also showed investors divided over …
Bond investors see U.S. inflation higher for longer- Russell survey Read More »
(Reuters) – Digital asset exchange Genesis Trading said on Wednesday it had been exposed to Three Arrows Capital (3AC), but had mitigated its losses after the bankrupt crypto hedge fund failed to meet a margin call. Genesis Chief Executive Officer Michael Moro in a tweet said the firm’s parent company Digital Currency Group has assumed …
Crypto exchange Genesis discloses exposure to bankrupt Three Arrows Capital Read More »
By Andres Gonzalez, Echo Wang and Lucy Raitano (Reuters) -Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs). The slowdown drove global investment banks’ fees from ECM deals down 74% …
With IPOs on ice, banks’ stock offering fees plummet Read More »
By Byron Kaye SYDNEY (Reuters) – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure on a housing market which has hit the brakes amid rising interest rates. Commonwealth Bank of Australia, which dominates the country’s A$2 trillion …
Australia’s big banks hike fixed-rate home loans amid rising interest rates Read More »
By Sudip Kar-Gupta BRUSSELS (Reuters) -Jacobi Asset Management said on Thursday that it would launch Europe’s first bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the cryptocurrency’s appeal despite its volatile price swings. The company said its Jacobi Bitcoin ETF would start trading in July on Euronext Amsterdam under the symbol of …
Jacobi Asset Management to launch Europe’s first bitcoin ETF on Euronext Read More »
By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the lender said on Wednesday, as its economists anticipate a further rate hike in Switzerland this year. “Despite the continued negative interest-rate environment, Credit Suisse will repeal the account balance fee and …
Credit Suisse scraps negative rates for Swiss private clients Read More »
By Carolina Mandl and Michelle Price NEW YORK/WASHINGTON (Reuters) – Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual stress test exercise last week. The U.S. Federal Reserve said on Thursday the country’s largest lenders could easily weather a severe economic downturn, …
Four big U.S. banks raise dividends after stress tests Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, becoming the latest investment firm to shift offices to Florida in the wake of the pandemic. Griffin is the wealthiest resident in Illinois with an estimated net worth …
Hedge fund Citadel to move headquarters to Miami from Chicago Read More »
