Asian central banks have cause to keep holding rates while the Fed hikes Asian central banks have not blinked since the Federal Reserve raised U.S. rates for the third time in six months last week. New Zealand, Taiwan and the Philippines are all expected to hold rates on Thursday. Indonesia […]
Donald J. Trump
U.S. bank investors hope Fed stress test results lead to big payouts Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial […]
Kremlin says takes negative view of proposed new U.S. sanctions The Kremlin takes an extremely negative view of the proposed new U.S. sanctions against Russia and believes that they can harm other countries that have to adhere to these sanctions, Kremlin spokesman Dmitry Peskov said on Friday. The U.S. Senate […]
Putin says proposed new U.S. sanctions result of internal politics in U.S. A new round of proposed U.S. sanctions on Russia is evidence of an internal political struggle in the United States, Russian President Vladimir Putin said on Thursday during his annual question and answer session with Russian citizens. The […]
U.S. Treasury unveils financial reforms, critics attack By Pete Schroeder and Lisa Lambert The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country's financial regulatory framework, which, if successful, would grant many items on Wall Street's wishlist. The nearly 150-page report suggested more than 100 changes, […]
Regional banks may keep lagging without Washington lift A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and that’s not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. While some investors see bargains […]
Mexico sugar deal hard to swallow for last U.S. candy cane maker For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet. The competitors of […]
Asian stocks on edge before Comey, ECB and UK election Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month. MSCI's broadest […]
U.S. job growth slows unemployment rate drops to 4.3 percent U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent. Nonfarm […]
Strong U.S. job growth expected in May, wage rise seen moderate U.S. job growth likely remained strong in May, a further sign of an acceleration in economic activity that would effectively seal the case for an interest rate increase this month despite sluggish wage gains. Nonfarm payrolls probably increased by 185,000 […]
