Morning Bid: ECB to follow Fed hike, Meta surges
A look at the day ahead in U.S. and global markets from Mike DolanWith markets still betting Wednesday's interest rate...
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Barclays signals profit squeeze as customers take action
LONDON, July 27 (Reuters) - Barclays (BARC.L) warned of growing pressure on its UK business as stubborn inflation and high...
UK’s Schroders H1 assets drop, Jupiter, St James’s Place rise
July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment amid market volatility.UK investors are playing it safe pulling $842 million from equity funds in June in favour of money market and fixed-income funds, fund network Calastone said earlier this month."Like the rest of our peers we see this to be a challenging environment, markets are volatile," Jupiter CEO Matthew Beesley told Reuters."We know that client confidence in markets is not high. With this uncertain environment...
US regulators to unveil plan for banks to build cash reserves
WASHINGTON, July 27 (Reuters) - U.S. regulators are set to propose a rule that could significantly raise capital requirements for larger banks, forcing them to cut costs and retain earnings in an effort to cushion against potential losses that could harm customers and investors.The proposal, to be unveiled later on Thursday and voted on by the Federal Deposit Insurance Corporation and the Federal Reserve, marks the first in an extensive effort to tighten bank oversight, particularly in the wake of spring turmoil that saw three large financial firms fail.The rule,...
Asian shares climb after Fed hikes as expected; eyes on Europe, Japan
SYDNEY, July 27 (Reuters) - Asian shares advanced and the dollar fell on Thursday after a well-flagged U.S. rate rise...
Lebanon central bank chief defends record before leaving office
BEIRUT, July 26 (Reuters) - Lebanon's longtime central bank governor Riad Salameh defended his record on Wednesday in a televised...
European banks flag bad loan risks as global economy falters
The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File PhotoLONDON/MILAN/MADRID, July 26 (Reuters)...
Morning Bid: Markets brace for Fed decision, earnings flood
A look at the day ahead in European and global markets from Brigid RileyAll eyes are on the Federal Reserve...
UPS, union avert strike with planned 5-year deal, more pay
July 25 (Reuters) - UPS (UPS.N) and its Teamsters union have signed a tentative contract deal for about 340,000 U.S. workers at the parcel delivery firm, one week ahead of a threatened strike that could have cost the economy billions and disrupted a quarter of the nation's package shipments.Tuesday's agreement, which must be ratified by union members, cinches another win for transportation labor groups. Railroad, airline and West Coast seaport workers have all seen their bargaining hand strengthened by labor shortages and public support for those who risked their lives...
Global equities, US yields gain ahead of Fed, corporate results
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File photoWall Street stocks gainU.S. Treasury yields advanceOil prices hit three-month highDollar index weakens; Safe-haven gold risesNEW YORK, July 25 (Reuters) - Global equity markets and U.S. Treasury yields rose on Tuesday ahead of the Federal Reserve's expected interest rate hike and as markets awaited a stream of quarterly results from corporate heavyweights.Fed officials are gathering for their July monetary policy meeting, starting on Tuesday, where the central bank's...