Long US Treasury yields may rise further despite near-term swings, BlackRock says
By Davide Barbuscia NEW YORK (Reuters) – Long-term U.S. Treasury yields may still have room to rise but they could swing in both directions in the near term as inflation eases and…
Australia’s Star Entertainment swings to annual profit, debt falls
(Reuters) – Australia’s Star Entertainment Group swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also helping the cash-strapped casino operator significantly reduce…
China’s Meituan swings to profit on food delivery rebound, flags headwinds
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan on Thursday posted a bigger-than-expected 33.4% rise in second-quarter revenue, defying a slowing Chinese economy, though executives warned of headwinds for its…
Euro zone swings into trade surplus in June as Russia imports plummet
BRUSSELS (Reuters) – The euro zone swung back into a large trade surplus in June from a similar size deficit 12 months earlier, as imports from both Russia and China fell sharply,…
Marketmind: Soft landing swings into view
A look at the day ahead in European and global markets from Brigid Riley Is the most aggressive U.S. hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets…
Europe’s brief window of market outperformance swings shut
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose out to U.S. markets in the months ahead, as a stellar run…
Brazil’s JBS swings to loss, citing grain costs and meat oversupply
By Roberto Samora and Ana Mano SAO PAULO (Reuters) – JBS SA, the world’s largest meat company, on Thursday reported a net loss of 1.45 billion reais ($290.2 million) for the first…
South Korea current account swings back to surplus in March
SEOUL (Reuters) – South Korea’s current account balance in March ended a two-month run of deficit to post a surplus, but suffered its biggest quarterly deficit in more than 14 years during…
Carrefour Brasil swings to quarterly loss as BIG purchase weighs
SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment costs at its acquired food retailer Grupo BIG, the company said in…
Japan’s current account swings back to black on overseas investment
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s current account swung to a surplus in February, reflecting hefty returns on securities investments and easing some concerns about any weakening of the country’s purchasing…
Brazil’s Natura swings to loss as revenue shrinks across cosmetics lines
SAO PAULO (Reuters) – Brazilian cosmetic maker Natura & Co on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it reported lower revenues across all its business…
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more than offset the decline in private-equity returns.…
Euro zone swings back to current account surplus in Nov
FRANKFURT (Reuters) – The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data showed on…
Trump Swings And Misses With Pivotal Swing State Endorsements
Trump Swings And Misses With Pivotal Swing State Endorsements Bronson Winslow on November 15, 2022 In swing states that Biden won in 2020, the vast majority of candidates endorsed by former President…
Brazil’s Cosan swings to loss on higher debt costs
SAO PAULO (Reuters) – Brazilian conglomerate Cosan SA reported a third-quarter net loss on Friday, swinging from a big profit in the same period last year, as the group paid higher interest…
Brazil’s Magazine Luiza swings to loss, hit by higher borrowing costs
SAO PAULO (Reuters) – Brazilian retailer Magazine Luiza SA reported on Thursday an adjusted net loss of 146 million reais ($27.4 million), the company’s fourth straight quarterly loss as its bottom line…
Analysis-Options trades, lockstep moves fuel U.S. stock swings
By Saqib Iqbal Ahmed and Carolina Mandl NEW YORK (Reuters) – A surge in short-term options bets, rock-bottom equity allocations and tandem moves in individual stocks are exacerbating swings in U.S. equity…
Japan govt urges BOJ to be vigilant to market swings – stimulus draft
TOKYO (Reuters) – Japan’s government will urge the central bank to be vigilant to the economic impact of sharp market moves in a scheduled spending package aimed at cushioning the blow from…
China central bank says will ‘resolutely’ curb big currency swings
BEIJING/SHANGHAI (Reuters) – China’s central bank spoke out against big currency swings on Tuesday, saying it will take steps to stabilise expectations, and keep the yuan basically stable. The People’s Bank of…
Upset New Yorker Swings Hatchet at Dirt Bike Riders Destroying Nature
Schenectady, NY – Police reported that a Glanville man swung his hatchet at 2 dirt bike riders and fired a handgun in Upstate New York on Sunday. The man claims the dirt…
Euro zone current account swings back to a surplus in June
FRANKFURT (Reuters) – The euro zone’s current account swung back to a small surplus in June on an improvement in the trade of services and higher primary income, which includes earning from…
Japanese finance minister frets about ‘hectic’ yen swings
By Tetsushi Kajimoto TOKYO – Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated the need for currencies to move stably reflecting fundamentals, describing recent yen swings as “hectic”, highlighting the complication for…
Etihad Airways swings to first half operating profit of nearly $300 million
DUBAI – Abu Dhabi’s Etihad Airways swung to a core operating profit of $296 million in the first half of 2022 from a loss of $390 million a year earlier. The emirate’s…
Singapore Airlines swings to profit as passenger traffic improves
(Reuters) -Singapore Airlines (SIA) swung to a first-quarter net profit of S$370 million ($268 million), it said on Thursday, after a fourteenfold increase in passenger traffic year on year thanks to an…
Wild swings of May not necessarily the end of market turmoil
LONDON – Sell in May? They certainly did, but rather than go away as the old stock market adage suggests, traders returned to aggressively buy the dip, causing some of the wildest…
Analysis: Traders ready for wilder swings as rate rises stoke volatility
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON/NEW YORK – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes as central banks rapidly…
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