Major U.S. indexes closed mostly higher Friday, and several of them notched weekly gains, despite a recent run of daily swings on Wall Street as traders try to figure out what’s next for the economy. The S&P 500 index rose 0.5% after spending the day veering between a gain of 0.6% and a 0.4% decline….
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – The International Monetary Fund (IMF) will decide on Friday on Argentina’s $45 billion program, with the country anticipated to clear the final hurdle to rework its debt with the Washington-based lender, according to two sources. The agreement would mark the 22nd IMF program for…
By Sonali Paul and Isabel Kua SINGAPORE (Reuters) – Oil prices inched lower on Friday as supply concerns eased as countries in the European Union remained split on imposing an oil embargo on Russia while the United States and allies considered releasing more oil from storage to cool markets. Brent crude futures fell 46 cents,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The Federal Reserve’s hawkish tilt has shaken up the bond market, with Treasuries recording their worst start to the year in history. Yields on the U.S. benchmark 10-year Treasury, which move inversely to bond price, reached a high of 2.417% earlier this week as investors factored in…
TOKYO (Reuters) – Singapore-based fund 3D Investment Partners is pleased that shareholders of Toshiba Corp rejected the Japanese conglomerate’s separation plan, the fund said on Friday. In a statement, the fund called for Toshiba’s strategic review committee to immediately re-examine all the company’s options. The statement came a day after an extraordinary general meeting voted…
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency’s slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country. Due to structural changes in Japan’s economy, the benefit from…
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday reiterated his view a weak yen benefits the economy as a whole, brushing aside concern the currency’s slide to multi-year lows could do more harm than good to the resource-poor, import-reliant country. Due to structural changes in Japan’s economy, the benefit…
By Anthony Esposito ACAPULCO, Mexico (Reuters) -Citigroup’s retail unit in Mexico, known as Citibanamex, has said it hopes to define the terms of its sale in April, amid signs of intensifying interest in the bank, expected by analysts to fetch between $4 billion and $8 billion. Citi country head Manuel Romo told reporters on Wednesday…
WASHINGTON (Reuters) – The U.S. Trade Representative’s office said on Wednesday it has reinstated 352 expired product exclusions from U.S. “Section 301” tariffs on Chinese imports, well short of the 549 exclusions that it was previously considering. The reinstated product exclusions will be effective retroactively from Oct. 12, 2021, and extend through Dec. 31, 2022,…
By Foo Yun Chee BRUSSELS (Reuters) – Landmark EU rules targeting Alphabet unit Google, Amazon, Apple, Meta and Microsoft are likely to set a global benchmark and may even force the tech giants to be more innovative, lawyers and experts said. Europe’s antitrust chief Margrethe Vestager on Thursday won backing from European Union members and…
