Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
2017-07-19 16:48:26 UTC
FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
German exports rose again more strongly than expected
2017-07-10 06:54:14 UTC
German exports rose more strongly than expected in May, outpacing a solid increase in imports and widening the trade surplus of Europe's biggest economy, data showed on Monday.
Seasonally adjusted exports climbed 1.4 percent - their fifth conse...
US auto industry has been bracing for a downturn
2017-07-03 16:51:23 UTC
The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
2017-07-03 05:50:18 UTC
SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pin...
Trump is far away from overhauling bank regulation
2017-06-14 05:54:55 UTC
WASHINGTON — Wall Street banks on Tuesday cheered U.S. far-right nationalist President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.
Growing skills mismatch in U.S. decreases hiring chance
2017-06-06 19:42:20 UTC
WASHINGTON — U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month.
Oil jumps as Qatar ditched, London attacks hurt sterling
2017-06-05 06:38:13 UTC
SINGAPORE — Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Brit...
TPP agreed to move the trade deal forward without U.S.
2017-05-21 04:56:58 UTC
Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday to explore ways to move the trade deal forward after U.S. President Donald Trump's pulled out in his switch to an "America First" policy.
The so-called TPP-11 countries held thei...
Mexico to import record amount of corn from Brazil instead US
2017-05-19 07:08:25 UTC
MEXICO CITY — Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said ...
German Economy Booms Despite U.S. Protectionism Anarchy
2017-04-28 15:54:29 UTC
By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest h...
WTO: Trump lost his first trade battle against Mexico
2017-04-26 00:12:26 UTC
GENEVA — Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday.
Mexico's economy ministry said it planned...
Trudeau vows to stand up for Canadian interests against Trump
2017-04-25 17:13:52 UTC
OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....
China's factory output rose 7.6 percent, asset investment grew 9.2 percent
2017-04-17 03:27:13 UTC
China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations.
Analysts polled by Reuters had predicted factory output would grow by 6.3 perce...
Global Stocks Slide, Treasuries and Yen Up
2017-04-11 05:04:09 UTC
Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries.
Brexit: Eyes on trading operations of UK investment banks
2017-04-11 05:28:27 UTC
By Huw Jones, Rachel Armstrong and Jesús Aguado |
LONDON/MADRID - A gap in EU financial rules is allowing member countries to compete to host the trading operations of London-based investment banks after Brexit by offering looser regulatory st...
Australian Mortgage-Financed Housing Bubble Continues To Grow
2017-04-02 01:43:49 UTC
By Swati Pandey and Wayne Cole |
SYDNEY — In their struggle to cool red-hot property prices in Australia's big cities, authorities are ratcheting up measures that could dent the whole market but avoiding more targeted steps that have had som...
Euronet Worldwide launched a $1 billion bid for rival MoneyGram
2017-03-14 22:19:19 UTC
By Sruthi Shankar and Anna Irrera |
U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing that its all-American deal would face less regulat...
Euro marks strongest gain against dollar in one month
2017-03-13 01:51:24 UTC
The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end.
The euro was up 0.1 percent at $1.06...
Countdown: Brits facing an uncertain future without the EU
2017-03-12 22:43:33 UTC
By William James |
LONDON — Britain is drawing up contingency plans for the unlikely event it has to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday.
Prime Minister Theresa May...
White House breaks from federal guidance with hasty tweets
2017-03-10 20:47:33 UTC
A series of tweets by White House spokesman Sean Spicer on Friday commenting on strong February job creation figures may have run afoul of federal guidance barring most officials from commenting on key economic data within an hour of its release.
Euro jumps to three- week high against the dollar
2017-03-10 19:44:15 UTC
The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program.
Sources told Reuters some...
Oil fell, U.S. crude prices fell through the $50/barrel
2017-03-09 21:04:48 UTC
By Devika Krishna Kumar |
NEW YORK — Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the eff...
Lightspeed is set to make its public market debut
2017-03-01 20:09:45 UTC
By Heather Somerville |
SAN FRANCISCO — Lightspeed Venture Partners was launched in 1999 by four partners who were experts in enterprise software and early internet companies, making only the occasional investment into consumer technology comp...
Ahead of Brexit, all eyes on Frankfurt
2017-03-01 09:45:36 UTC
By Huw Jones |
LONDON — The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange (LSE.L) and Deutsche Boerse (DB1Gn.DE) merger to die.
Trump effect: U.S. inflation expectations at highest level since 2015
2017-02-13 23:16:46 UTC
A measure of U.S. inflation expectations rose for a second straight month in January to its highest level since mid-2015, according to a Federal Reserve Bank of New York survey released on Monday that reinforced the view that interest rates would ...