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May 23, 2022

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Russia makes early debt payment dash to dodge default

Reuters
The skyscrapers of the Moscow International Business Centre, also known as “Moskva-City”, are seen just after sunset in Moscow, Russia July 12, 2018. Picture taken July 12, 2018. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Moscow was due to pay $100 mln on two Eurobonds on......

European shares rebound, China rate move helps sentiment

Reuters
LONDON, May 20 (Reuters) – Shares rebounded on Friday after China cut a key lending benchmark to support its economy, though a global equities gauge remained set for its longest weekly losing streak on record amid investor worries about slowing growth and high inflation. China cut its five-year loan prime......

G7 agree on $18.4 bln to keep Ukraine running, ready with more

Reuters
G7 agree $18.4 bln financing for Ukraine KOENIGSWINTER, Germany, May 19 (Reuters) – The Group of Seven’s financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do......

Stock market rebound fizzles, UK inflation hits 40-year high

Reuters
LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out......

Morning Bid: TGIF – is it over yet?

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 5, 2022. REUTERS/Andrew Kelly/Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. After a wild ride, markets......

Analysis: Traders ready for wilder swings as rate rises stoke volatility

Reuters
A specialist trader works on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, May 13 (Reuters) – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes......

Global shares fall on fears of global economic slowdown

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 12, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe down over 2%, U.S. equity futures struggle......

Italy’s Prysmian navigates supply issues to 35% quarterly profit rise

Reuters
Adj. EBITDA +35% in Q1 to 288 mln euros, tops estimates Result includes positive forex impact of 15 mln euros Has guided for FY adj. EBITDA between 1.01-1.08 bln euros Free cashflow seen around 400 mln euros this year MILAN, May 12 (Reuters) – Prysmian (PRY.MI) said on Thursday it......

Sri Lanka whisks former PM to naval base as troops patrol streets

Reuters
Former PM Rajapaksa moved to naval base for his safety He will stay there for a couple of days, official says Parliament speaker to hold talks with lawmakers on way forward Central bank chief threatens to quit if no political solution WEERAKETTIYA, Sri Lanka, May 11 (Reuters) – Sri Lanka......

Suncor Energy beats profit estimates, weighs UK portfolio sale

Reuters
The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie Register now for FREE unlimited access to Reuters.com Register May 9 (Reuters) – Suncor Energy Inc (SU.TO) exceeded analysts’ estimates for first-quarter profit and boosted dividend by 12% to its highest......

Stocks slide on growth fears, oil tumbles

Reuters
Dollar in the red after hitting 20-year high Stocks tumble with Nasdaq leading Wall St drop U.S. yields lose ground after touching Nov 2018 levels Oil tumbles, U.S. dollar down after hitting 20-year highs NEW YORK May 9 (Reuters) – Stock indexes around the world fell sharply on Monday and......

Greece, UAE agree joint investments in energy, other sectors

Reuters
ATHENS, May 9 (Reuters) – Greece and the United Arab Emirates (UAE) on Monday agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister’s office said. Prime Minister Kyriakos Mitsotakis met with Crown......

Egypt’s net foreign assets retreat further into the red in March

Reuters
CAIRO, May 8 (Reuters) – Egypt’s net foreign assets (NFAs) dropped by 169.7 billion Egyptian pounds ($9.17 billion) in March, the sharpest decline since the coronavirus crisis broke out in February 2020, central bank data showed on Sunday. NFAs fell to a negative 221.3 billion pounds at the end of......

Stocks cower as dollar marches to two-decade highs

Reuters
U.S. stock futures down 0.6% European stocks heading for worst week in 2 months MSCI Asia ex-Japan index drops 2.87% LONDON, May 6 (Reuters) – The U.S. dollar hit 20-year highs and world stocks fell towards their lowest in over a year on Friday as markets anticipated more U.S. interest......

Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......

Musk to lead Twitter temporarily after $44 bln takeover – source

Reuters
May 5 (Reuters) – Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also......

U.S. banking regulators propose update to fair lending rules

Reuters
WASHINGTON, May 5 (Reuters) – A trio of U.S. banking regulators unveiled Thursday a renewed attempt to update fair lending rules for banks, with an eye toward modernizing the rules to reflect the rise of online banking while clarifying requirements for the industry. The proposed update to rules enforcing the......

NAB boosts dividend after in-line profit, warns on costs

Reuters
The logo of the National Australia Bank is displayed in central Sydney, Australia, August 4, 2017. REUTERS/David Gray Register now for FREE unlimited access to Reuters.com Register H1 cash profit rises 4.1% AUSTRAC settlement to cost A$80-120 mln/year RBA rate hikes to be moderately positive to H2 margins May 5......

UK consumer borrowing surge hints at cost-of-living crunch

Reuters
UK consumer borrowing rises by 1.3 bln stg in March Marks strongest two months for lending since 2019 Borrowing could sign of cost-of-living squeeze Scant sign better-off households spending savings LONDON, May 4 (Reuters) – British consumers increased borrowing by the most in three years over February and March, according......

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