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October 22, 2021

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U.S. regulators to unveil blueprint to tackle financial climate risks

Reuters
WASHINGTON, Oct 21 (Reuters) – A top U.S. regulatory panel is scheduled on Thursday to unveil recommendations for ensuring the financial system can withstand risks created by climate change, a development that could ultimately lead to new rules and stricter oversight for Wall Street. The report by the Financial Stability......

Biden says he’ll ‘work like hell’ to pass infrastructure, social spending bills

Reuters
WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden said on Saturday he was going to “work like hell” to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans. Biden visited the Capitol on Friday......

Equity, bond funds see inflows as markets hit rough patch – BOFA

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 LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Asian stocks extend global slide as inflation fears bite

Reuters
A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon Asia-Pac stocks fall 1% after decline on Wall St overnight Concerns about inflation-growth outlook send bonds higher Gold in demand,......

Pelosi says House to vote on infrastructure bill, outcome uncertain

Reuters
WASHINGTON, Sept 30 (Reuters) – The U.S. House of Representatives will vote Thursday on a $1 trillion infrastructure bill championed by President Joe Biden and passed in a bipartisan Senate vote, the chamber’s top Democrat said, even as some in her party threaten to vote against it. Speaker of the......

Analysis: From chips to ships, shortages are making inflation stick

Reuters
A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis Duvignau Analysts still view price pressures as temporary But watching supply, worker shortages closely U.S. seen more at risk from wage-induced inflation LONDON, Sept 30 (Reuters) – Soaring gas prices,......

Powell: “Tension” between jobs, inflation is the chief challenge facing Fed

Reuters
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch/Pool via REUTERS Sept 29 (Reuters) – Resolving “tension” between high inflation and still-elevated unemployment is......

Democrats mobilize to extend government funding, avert shutdown

Reuters
WASHINGTON, Sept 29 (Reuters) – Democrats in Congress on Wednesday mobilized to defuse one of several crises they face this week, saying they would vote to head off an imminent government shutdown before funding expires at midnight on Thursday. The Senate could vote on Wednesday or Thursday to fund the......

Two Fed officials depart amid scrutiny over investment trades

Reuters
WASHINGTON, Sept 27 (Reuters) – Two Federal Reserve officials who came under scrutiny for investment trades they made last year announced their retirements on Monday, in a controversy that has already sparked a planned review of the Fed’s ethics rules. Dallas Fed President Robert Kaplan said he will retire on......

Oil shares lead charge as crude hits new 3-year highs

Reuters
A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-Hoon Oil climbs on tight supply, strong demand Markets hope Beijing will contain Evergrande fallout U.S. debt ceiling deadline nears, spending bill to get vote Bonds pressured......

Germans vote in close election to decide Merkel successor

Reuters
Chancellor Angela Merkel is not seeking a fifth term Final opinion polls gave Social Democrats a narrow lead Conservatives reduced gap in final stages of campaign BERLIN, Sept 26 (Reuters) – Germans vote in a national election on Sunday that looks too close to call, with the centre-left Social Democrats......

Belize says dollar bond purchase offer gets robust demand

Reuters
Sept 24 (Reuters) – Belize has received tender orders on its Sept. 13 purchase offer equal to around 84.38% of the aggregate principal amount of its outstanding dollar bonds due 2034, and it will give bondholders more time to submit orders, the government said on Friday. “The government of Belize......

S&P pushes Ethiopia’s ratings into junk territory on delayed debt restructuring

Reuters
The S&P Global logo is displayed on its offices in the financial district in New York City, U.S. REUTERS/Brendan McDermid Sept 24 (Reuters) – Ratings agency S&P Global cut Ethiopia’s sovereign rating to ‘CCC+’ from ‘B-‘ on Friday, citing heightened political instability and delays to debt restructuring. War broke out......

SoftBank backs Steven Mnuchin’s $2.5 bln private equity fund

Reuters
U.S. Treasury Secretary Steven Mnuchin speaks during a House Financial Services Committee hearing in Washington, December 2, 2020. Greg Nash/Pool via REUTERS/File Photo Sept 22 (Reuters) – SoftBank Group (9984.T) will invest in a $2.5 billion private equity fund set up by former U.S. Treasury secretary Steven Mnuchin, the Japanese......

Military aid for Israel removed from U.S. funding bill, but leadership pledges vote later this week

Reuters
WASHINGTON, Sept 21 (Reuters) – Democratic lawmakers on Tuesday removed $1 billion in military funding for Israel from legislation to fund the U.S. government after objections from liberals in the House of Representatives, but party leaders pledged to bring the matter up again later this week. Some House Democrats objected......

Canadians vote as Trudeau’s bid for decisive win hangs in the balance

Reuters
MONTREAL, Sept 20 (Reuters) – Canadians went to the polls on Monday as Prime Minister Justin Trudeau appeared likely to lose his bid for a parliamentary majority after a tough campaign that may have dashed his Liberal Party’s hopes for a convincing win. Trudeau heads a minority government that relies......

Marketmind: Watch those spiralling gas prices

Reuters
Fuel prices are displayed at a gas station in Copacabana beach in Rio de Janeiro, Brazil, September 2, 2021. REUTERS/Ricardo Moraes/Files A look at the day ahead from Sujata Rao. A massive week in monetary policy, with some 16 central banks holding meetings and possibly the first rate hike from......

U.S. debt ceiling impasse? Fed’s ‘loathsome’ game plan for the ‘unthinkable’

Reuters
Sept 17 (Reuters) – Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. That’s an outcome the White House on Friday warned could plunge the economy into recession. read more If the impasse in Congress over......

Wall St set for weak open as technology shares extend losses

Reuters
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly/File Photo FAANG stocks dip in premarket trading Triple options expiry likely to increase volatility Futures down: Dow 0.16%, S&P 0.21%, Nasdaq 0.17%......

Italy working on measures to curb power prices – minister

Reuters
Electricity masts are seen at the sunset in Milan’s neighborhood, Italy, February 21, 2016. REUTERS/Stefano Rellandini/File Photo MILAN, Sept 16 (Reuters) – Italy will introduce short-term measures to offset the expected rise in retail power prices and is working on a longer-term reform of power bills, the energy transition minister......

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