SHANGHAI -China’s securities regulator will put more emphasis on preventing and resolving bond default risks, and will deepen bond issuance reforms and strengthen regulation, a summary of a meeting posted …
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– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a …
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Financial News
U.S. judge rules for Saba Capital in closed-end fund voting litigation
by Reutersby ReutersBy Svea Herbst-Bayliss BOSTON -A U.S. federal judge ruled that Nuveen and trustees of its closed-end funds violated the Investment Company Act by stripping hedge fund Saba Capital of its …
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By Gayatri Suroyo and David Lawder JAKARTA/WASHINGTON -Russia and China watered down a G20 finance leaders’ statement on geopolitical risks to the global economy as a contentious meeting ended on …
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Canada’s Freeland strays from G20 economic script to warn Russia on Ukraine – sources
by Reutersby ReutersBy David Lawder and Andrea Shalal WASHINGTON – Canadian Finance Minister Chrystia Freeland stepped well beyond economic policy at a G20 finance meeting on Friday to issue an “impassioned” warning …
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Plans for truck convoys to arrive in Washington around State of the Union- police
by Reutersby ReutersLOS ANGELES – There are plans for a series of truck convoys to arrive in Washington D.C. around the time of the State of the Union address to be given …
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Financial News
Intel’s new chip plans could turn rival AMD’s fortunes- analysts
by Reutersby Reuters(Corrects typographical error in paragraph 4) By Chavi Mehta and Nivedita Balu – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, …
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Financial News
Fed officials lean against large increase to kick off rate hikes
by Reutersby ReutersBy Jonnelle Marte and Howard Schneider -Federal Reserve officials on Friday squelched what had been rising market expectations for an aggressive initial response to 40-year-high U.S. inflation, signaling that steady …
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By Susan Mathew and Noel Randewich – Wall Street ended lower on Friday after escalating tensions in Ukraine and U.S. warnings of a potential Russian invasion prompted investors to dump …
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Financial News
Fed chief Powell to give policy update to Congress in early March
by Reutersby Reuters– Federal Reserve chief Jerome Powell will testify before Congress on March 2 and 3 in what are likely to be his final public remarks on monetary policy before the …
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Financial News
Brookfield to target $25 billion for largest infrastructure fund – Bloomberg News
by Reutersby Reuters– Canada’s Brookfield Asset Management Inc is looking to raise $25 billion for its fifth flagship infrastructure fund, Bloomberg News reported on Friday. Brookfield has already started marketing the fund …
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By Tim Hepher -A UK judge ordered planemaker Airbus to delay any practical impact of a decision to revoke a $6 billion jet order from Qatar Airways for several weeks, …
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By Laura Sanicola -Oil prices ended the week mixed on Friday as investors weighed a potential supply disruption resulting from the Russia-Ukraine crisis against the prospect of increased Iranian oil …
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Financial News
Canada govt to stop funding Trans Mountain oil line project as costs soar 70%
by Reutersby ReutersBy Nia Williams CALGARY, Alberta -Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project …
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By Fergal Smith TORONTO – Canada’s main stock index fell on Friday to a three-week low as geopolitical uncertainty weighed on investor sentiment ahead of a long weekend, with energy …
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Financial News
U.S. lawsuit claims L’Oreal makes up products to appear being from France
by Reutersby ReutersBy Jonathan Stempel NEW YORK – A new U.S. lawsuit filed on Friday accuses L’Oreal SA of causing American shoppers to overpay for its beauty products by misleading them into …
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– Packaged food maker Kraft Heinz Co said on Friday it plans to appoint Chief Executive Officer Miguel Patricio as its chair, replacing Alexandre Behring who will retire at the …
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Financial News
American Airlines plans more schedule cuts as it waits for 787 jet deliveries
by Reutersby ReutersBy Rajesh Kumar Singh CHICAGO – American Airlines Group Inc said on Friday it plans to further trim its summer schedule due to Boeing Co’s delay in delivering 787 Dreamliner …
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Exclusive-World Bank proposal would shift about $1 billion from Afghan trust
by Reutersby ReutersBy Andrea Shalal, Jonathan Landay and Arshad Mohammed WASHINGTON -The World Bank’s management has approved a plan to use some $1 billion in a frozen Afghanistan trust fund for education, …
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By David Shepardson WASHINGTON -General Motors Co and its self-driving technology unit Cruise have petitioned U.S. regulators for permission to build and deploy a self-driving vehicle without human controls like …
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By Herbert Lash NEW YORK -A gauge of global stocks fell and government debt prices rose on Friday after hopes that diplomacy might resolve the Ukraine crisis faded on news …
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By Danielle Kaye NEW YORK – Proxy advisory firm Institutional Shareholder Services (ISS) urged Apple Inc investors to vote for a resolution demanding greater transparency in the iPhone maker’s efforts …
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By Dietrich Knauth, Tom Hals and Mike Spector – A Johnson & Johnson subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the …
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– Employees at many Apple Inc stores in the United States are working to unionize, the Washington Post reported on Friday, citing people familiar with the efforts. The move comes …
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Financial News
SWIFT banking curbs unlikely to be in initial Russia package, White House says
by Reutersby ReutersWASHINGTON -A move banning Russia from the SWIFT financial system is unlikely to be included in an initial sanctions package against Russia if it invades Ukraine, a White House official …