Yellen’s Las Vegas stop shows Bidenomics can be a tough sell
LAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up...
archiveAMERS
Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON/LONDON, Aug 15 (Reuters) - The dollar index was lower after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China's central bank unexpectedly cut key policy rates.U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that demand has remained resilient despite the Federal Reserve's aggressive interest rate hikes to tame inflation, thanks to strong wage gains from...
Hedge funds land bonuses despite returns below bank savings rates -Goldman
U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 15 (Reuters) - Most...
Morning Bid: U.S. retail therapy as China funk deepens
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City,...
UBS pays $1.43 bln to settle US mortgage claims as industry-wide probe concludes
The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsWASHINGTON/NEW YORK, Aug 14 (Reuters) - UBS (UBSG.S) agreed to pay $1.435 billion to settle U.S. charges that the Swiss lender misled investors into buying troubled mortgage securities, concluding an industrywide probe into a root cause of the 2008 global financial crisis.The U.S. Department of Justice on Monday said it has collected more than $36 billion in civil fines from 19...
Column: Dollar demand to dampen US debt fears
ORLANDO, Florida, Aug 14 (Reuters) - In five years' time the U.S. government's annual interest bill on its debt is projected to reach $1 trillion, or 3% of GDP - impending fiscal catastrophe, as the first figure might imply, or manageable burden, as the second one indicates?U.S. debt sustainability is back in the spotlight after Fitch downgraded the U.S. credit rating this month. High interest rates and bond yields are increasing the amount Washington must pay to service the federal debt, which neither economic growth nor inflation look like sufficiently...
Sterling steady ahead of data-heavy week
UK pound coins plunge into water in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Aug 14 (Reuters) -...
Yen breaks above 145/dlr level in choppy trading, dollar firm
SINGAPORE, Aug 14 (Reuters) - The yen was volatile on Monday after slipping to its lowest for the year against...
U.S.-led naval group warns ships to avoid Iranian waters to avoid seizure
Attendees hold flags from Iran and the United States as Iranian Americans from across California converge in Los Angeles, California,...
Exclusive: Canadian pension funds explore $6 bln sale of renewables firm Cubico -sources
NEW YORK, Aug 10 (Reuters) - Two of Canada's biggest pension funds are exploring options including a sale of Cubico Sustainable Investments that could value the renewable energy firm at about $6 billion or more, including debt, according to people familiar with the matter.Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are looking to appoint a financial advisor in the coming weeks, the sources said, adding the sale could take several months to complete.The sources, who requested anonymity as the matter is confidential, cautioned...