New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Broker Peel Hunt flags profit miss on delay in investment banking deals
– British broker Peel Hunt said on Wednesday it expected full-year earnings to miss analyst views, hurt by deal delays in its investment banking unit and a slowdown in its trading division,…
Insurer Phoenix Group appoints Alastair Barbour as interim chair
– British insurer Phoenix Group on Wednesday appointed senior independent director Alastair Barbour as interim chairman to replace current Chairman Nicholas Lyons, who will go on a sabbatical. Barbour will take up…
Column-Ukraine jolt sees more consensus trades hits the skids :Mike Dolan
By Mike Dolan LONDON – The new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem. As simmering Russia-Ukraine tensions boiled over…
As sanctions start, Russia’s trade flow shifting towards China
By David Lawder and Jason Lange WASHINGTON – The United States is poised to unleash a wider array of sanctions against Russia if Moscow escalates the conflict in Ukraine, denying key Russian…
U.S. banks do not expect major financial impact, risk contagion from Russia sanctions – sources
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries are imposing…
Blackrock increases its strategic overweight on equities
– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real rates, strong…
Airbus and engine maker CFM to test hydrogen plane propulsion
By Tim Hepher PARIS – Airbus said on Wednesday it would build a demonstrator to test propulsion technology for future hydrogen airplanes in co-operation with French-U.S. engine maker CFM International. The planemaker…
ADM sets record for single soybean shipment from northern Brazil
By Nayara Figueiredo SAO PAULO – U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha Grain Terminal…
JPMorgan cuts Russian equities to ‘neutral’ as Ukraine crisis worsens
-JPMorgan analysts downgraded Russian equities to “neutral” from “overweight” on Tuesday, after Moscow sent troops to two breakaway regions in eastern Ukraine after recognising them as independent. President Vladimir Putin’s announcement on…
Factbox-How much does Germany need Russian gas?
By Vera Eckert and Kate Abnett FRANKFURT/BRUSSELS – German Chancellor Olaf Scholz on Tuesday halted the new Nord Stream 2 pipeline designed to bring more Russian natural gas to Germany, increasing the…
Oaktree hires Morgan Stanley to find investor in Italy’s Banca Progetto – sources
By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger bank at…
Trump’s Truth Social downloaded 170k times on Apple App Store – Apptopia
– Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening, according to research firm Apptopia. The app created by the company…
Funds win again with U.S. curve flatteners: McGeever
By Jamie McGeever ORLANDO, Fla. -Another week, another big win for hedge funds betting on a flatter U.S. yield curve. Futures market data for the week through Feb. 15 show that funds’…
Analysis-I know what you’ll do next summer: bets grow that the BOJ buckles
By Tom Westbrook and Alun John SINGAPORE – Investors are reviving one of the most unprofitable wagers of the past two decades and betting that a combination of politics and price pressures…
Airbus, Safran consortium to buy fighter jet parts maker A&D
By Gus Trompiz and Tim Hepher PARIS -A consortium backed by Airbus and Safran has agreed to buy superalloys supplier Aubert & Duval from Eramet after the French government stepped in to…
OECD expects Mexico economy to rebound by 3rd-qtr, growing in 2023
MEXICO CITY -Economic growth in Mexico is expected to return to pre-pandemic levels by the third quarter this year, the Organisation for Economic Cooperation and Development (OECD) said on Monday. “Exports will…
China’s Zhenro Properties slumps after debt warning
By Clare Jim and Andrew Galbraith HONG KONG/SHANGHAI -Shares and international bonds of Zhenro Properties slumped further on Monday after it said existing internal resources might be insufficient to repay debt due…
Greek December current account deficit widens, tourism revenues up
ATHENS -Greece’s current account balance showed a wider deficit in December last year compared to the same month in 2020 while tourism revenues rose, the Bank of Greece said on Monday. Central…
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support debtors, the…
Russia could lose financial markets access, advanced goods if it invades Ukraine – EU chief
BERLIN – European Commission President Ursula von der Leyen disclosed some details of the sanctions Moscow would face if it invaded Ukraine, saying Russia would be cut off from international financial markets…
U.S. judge rules for Saba Capital in closed-end fund voting litigation
By 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 full voting…
Italy approves 8 billion euro package to help economy, curb energy bills
By Giuseppe Fonte and Gavin Jones ROME -Italy’s government on Friday approved measures worth around 6 billion euros ($6.81 billion) to help consumers and firms hit by a rise in energy bills,…
Exxaro, China’s CNIC vie with AIIM for $2 billion African power firm Lekela – sources
(Refiling to add dropped words ‘utility-scale’ before wind farm, paragraph 5) By Isla Binnie and Emma Rumney JOHANNESBURG – South African miner Exxaro and Chinese state fund CNIC are among potential buyers…
G20 says global corporate tax deal should go live next year
By Leigh Thomas PARIS -G20 finance ministers recommitted on Friday to implementing a global overhaul of cross-border corporate tax rules next year in the face of concerns that meeting the deadline could…
India, UAE eye $100 billion in annual trade after signing trade pact
By Manoj Kumar and Alexander Cornwell NEW DELHI/DUBAI -India and the United Arab Emirates signed a broad trade and investment pact on Friday that will eventually cut all tariffs on each other’s…
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