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May 24, 2022

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BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

U.S. Treasury’s Yellen presses Poland on global minimum tax

Reuters
Treasury Secretary Janet Yellen testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled β€œThe Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WARSAW,......

Economic fears hit global equities, commods; Twitter lifts Wall St

Reuters
WASHINGTON/LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk. Fears over China’s COVID-19......

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Reuters
April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing......

Yellen to push institutions to scale up response to war-fueled food security crisis

Reuters
WASHINGTON, April 18 (Reuters) – U.S. Treasury Secretary Janet Yellen will convene a high-level panel on Tuesday to discuss the global response to an ongoing food security crisis exacerbated by Russia’s war against Ukraine, the Treasury Department said in a statement. The meeting will include the heads of the International......

How the U.S. plans to starve Russia’s ‘war machine’ -Treasury’s Adeyemo to Reuters

Reuters
WASHINGTON, April 7 (Reuters) – The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S. Deputy Treasury Secretary Wally Adeyemo told......

U.S. stops Russian bond payments in bid to raise pressure on Moscow

Reuters
Russian rouble banknotes are seen in this illustration picture shot September 30, 2014. REUTERS/Maxim Zmeyev/Illustration Register now for FREE unlimited access to Reuters.com Register NEW YORK/WASHINGTON, April 4 (Reuters) – The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million......

Stocks look past rate risks in late rally, yen wilts

Reuters
NEW YORK, March 28 (Reuters) – World stock markets cast aside fears of rising interest rates on Monday with the tech-heavy U.S. Nasdaq index rallying 1.3%, even as parts of the Treasury yield curve signaled recession risks while oil prices tumbled on fears of weaker Chinese demand. After a choppy......

GM bets $3.5 bln more on self-driving tech unit as SoftBank exits

Reuters
WASHINGTON, March 18 (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund exited its bet on General Motors (GM) (GM.N) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit. SoftBank’s departure, which comes as the Japanese conglomerate struggles with debts, prompted......

European shares gain on Ukraine hopes; Volkswagen surges on strong results

Reuters
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 11, 2022. REUTERS/Staff Register now for FREE unlimited access to Reuters.com Register China-exposed miners, luxury stocks fall Volkswagen surges on upbeat earnings Prosus slumps on China tech regulation worries March 14 (Reuters) –......

U.S. targets Russians in new North Korea sanctions after missile launches

Reuters
U.S. and North Korean national flags are seen at the Capella Hotel on Sentosa island in Singapore June 12, 2018. REUTERS/Jonathan Ernst Register now for FREE unlimited access to Reuters.com Register WASHINGTON, March 11 (Reuters) – The United States imposed fresh North Korea-related sanctions on Friday, targeting Russian individuals and......

Analysis: With war risk, unclear how much U.S. real-yield collapse will benefit stocks

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 7 (Reuters) – Real yields in the U.S. Treasury market have gone even......

Zendesk investors reject deal to buy SurveyMonkey parent

Reuters
Feb 25 (Reuters) – Zendesk Inc (ZEN.N) said on Friday that its investors rejected a proposed takeover of SurveyMonkey parent Momentive Global (MNTV.O) and that it terminated the merger agreement. “While we were excited by the potential of this transaction to transform the customer experience and create stockholder value, we......

Treasury yields slide as Russia invades Ukraine

Reuters
The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File Photo Register now for FREE unlimited access to Reuters.com Register Treasury yields trim losses after initial steep decline Safe-haven demand seen stronger in Europe than U.S. Treasury sells $50 bln of 7-year notes NEW YORK, Feb 24......

Stocks dive, oil jumps above $100 as Russia invades Ukraine

Reuters
Oil breaches $100 as Russia launches invasion of Ukraine European stocks drop 2.75%, Rouble hits record low MSCI Asia ex-Japan down more than 3%, lowest since Nov. 2020 Treasuries, Bunds, dollar rally Gold highest since Jan. 2021 LONDON, Feb 24 (Reuters) – Oil prices broke above $100 a barrel for......

Turkey’s opposition leader looks to emerge from Erdogan’s shadow

Reuters
ANKARA, Feb 21 (Reuters) – A veteran Turkish political leader who has struggled for years to have President Tayyip Erdogan voted out of office says it is “very clear” that his dream is drawing nearer, even as doubts remain about whether he will be the main opposition candidate at presidential......

U.S. judge rules for Saba Capital in closed-end fund voting litigation

Reuters
REUTERS/Andrew Kelly/Illustration Register now for FREE unlimited access to Reuters.com Register BOSTON, Feb 18 (Reuters) – A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its full voting rights at an annual meeting. Saba......

Hedge funds put in mixed performance in January

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register TORONTO, Feb 2 (Reuters) – Hedge funds ended a volatile January with widely diverging returns after......

How to invest for inflationary times

Reuters
People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 2 (Reuters) – Low inflation had spoiled U.S. investors......

Ackman’s Pershing Square takes new position in Netflix

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Jan 26 (Reuters) – Billionaire investor William Ackman has built a new stake in......

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