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October 18, 2021

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Morgan Stanley bullish on outlook after profit beat

Reuters
Q3 EPS $1.98 vs $1.68 consensus forecast Investment banking revenues hit record high M&A advisory revenues at record high CEO says pipeline remains strong Oct 14 (Reuters) – Morgan Stanley (MS.N)delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment......

Morgan Stanley bullish on outlook after profit beat

Reuters
Q3 EPS $1.98 vs $1.68 consensus forecast Investment banking revenues hit record high M&A advisory revenues at record high CEO says pipeline remains strong Oct 14 (Reuters) – Morgan Stanley (MS.N)delivered a bullish outlook Thursday after reporting third-quarter earnings which were comfortably ahead of market expectations, driven by record investment......

Wells Fargo beats profit expectations on reserve release boost

Reuters
Oct 14 (Reuters) – Wells Fargo & Co (WFC.N) beat quarterly estimates for profit on Thursday, as the bank released funds set aside to cover potential loan losses due to the pandemic and reined in costs tied to its years-old sales practices scandal. The fourth-largest U.S. bank has been in......

After Wild West start, scooter providers chase scale to survive

Reuters
LONDON, Oct 14 (Reuters) – The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, companies offering by-the-minute rental of e-scooters say......

G7 finance officials endorse principles for central bank digital currencies

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration WASHINGTON, Oct 13 (Reuters) – G7 finance officials on Wednesday endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of......

S&P 500, Nasdaq rise with growth stocks; JPMorgan a drag

Reuters
JPMorgan falls, BlackRock gains after earnings Fed minutes hint at tapering from November U.S. consumer prices post solid gain in September Indexes: Dow flat, S&P 500 up 0.3%, Nasdaq up 0.7% NEW YORK, Oct 13 (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in......

Dutch online retailer Coolblue latest to shelve IPO

Reuters
AMSTERDAM, Oct 13 (Reuters) – Dutch online store Coolblue on Wednesday became the latest European company to shelve its plans for listing its shares as stock markets have become gripped by uncertainty. Fear of inflation and rising interest rates and concerns about a property crisis in China have soured investors’......

Natwest earmarks 100 bln pounds for sustainable finance by 2025

Reuters
The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. REUTERS/John Sibley/Files LONDON, Oct 13 (Reuters) – British lender Natwest (NWG.L) said on Wednesday it planned to increase lending linked to sustainable and climate-related finance......

EXCLUSIVE U.S. SEC opens inquiry into Wall Street banks’ staff communications -sources

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON,......

IMF board to back Georgieva after review of data-rigging claims -sources

Reuters
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS/File Photo WASHINGTON, Oct 11 (Reuters) – The International Monetary Fund’s executive board will issue......

JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Reuters
NEW YORK, Oct 11 (Reuters) – Jamie Dimon, JPMorgan Chase & Co (JPM.N) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “worthless.” “No matter what anyone thinks about it, government is going to regulate it. They......

U.S. earnings seen strong, but supply chains and costs worry investors

Reuters
A trader works on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 24, 2021. REUTERS/Andrew Kelly/File Photo NEW YORK, Oct 11 (Reuters) – Investors are primed for another period of strong U.S. profit growth as third-quarter reports from Corporate America flow in......

Tunisia unveils new government but with no sign of end to crisis

Reuters
Prime Minister Najla Bouden Romdhane poses for a picture during her meeting with Tunisia’s President Kais Saied, in Tunis, Tunisia September 29, 2021. Tunisian Presidency/Handout via REUTERS No hint on economic reforms, relinquishing power Critics decry ‘coup’, backers hail blow vs elite Protests have raised fears of political unrest Saied......

China’s Ant Group increases registered capital by 47% to $5.4 bln

Reuters
A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 8, 2021. REUTERS/Yilei Sun/File Photo BEIJING, Oct 11 (Reuters) – China’s Ant Group has raised its registered capital to 35 billion yuan ($5.44 billion) from 23.8 billion yuan, public business registration......

IMF chief Georgieva’s lawyer claims data probe violated World Bank staff rules

Reuters
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a joint news conference at the end of the Summit on the Financing of African Economies in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS/File Photo WASHINGTON, Oct 7 (Reuters) – Lawyers who investigated World Bank data-rigging allegations against......

U.S. Senate rushes to advance $480 billion debt limit increase

Reuters
WASHINGTON, Oct 7 (Reuters) – The U.S. Senate on Thursday took a step toward passing a $480 billion increase in Treasury Department borrowing authority, a move that would avert a catastrophic debt default later this month but set up another partisan showdown in early December. Democratic Senate Majority Leader Chuck......

As U.S. nears debt-limit cliff, senator rejects filibuster change

Reuters
WASHINGTON, Oct 6 (Reuters) – As U.S. Senate Democrats planned a third attempt on Wednesday to get Republicans to help raise the federal government’s borrowing authority, pivotal Democrat Joe Manchin rejected the idea of changing the chamber’s filibuster rule to circumvent the roadblock. After a months-long standoff in which Senate......

Futures slide on inflation worries; ADP jobs beat sparks taper fears

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid Growth stocks lead declines ADP shows U.S. private jobs pick up in September American Airlines, Nucor fall on GS downgrades Futures down: Dow 0.73%, S&P 0.90%, Nasdaq 1.06%......

Bitcoin jumps, hits $50,000 again on more institutional demand

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK/LONDON, Oct 5 (Reuters) – Bitcoin, the world’s largest cyrptocurrency in terms of market value, rose on Tuesday, passing the $50,000-mark for the first time in four weeks and adding to gains......

REUTERS IMPACT Flagging EM clean energy investment poses concern -fund CEO

Reuters
A wind farm shares space with corn fields the day before the Iowa caucuses, where agriculture and clean energy are key issues, in Latimer, Iowa, U.S. February 2, 2020. REUTERS/Jonathan Ernst Oct 5 (Reuters) – Investments into clean energy projects in emerging markets have faltered in the aftermath of the......

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