By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) -Wall Street was set for a subdued open on Friday as U.S. Treasury yields surged at the end of a volatile week marked by concerns around aggressive moves by the Federal Reserve to tame inflation and the ongoing Ukraine conflict. Some growth and technology stocks slipped in…
(Reuters) – U.S. investors remained net sellers of bond funds in the week to April 6 on rising prospects of rapid reductions to the Federal Reserve’s balance sheet alongside steady increases in policy rates. U.S. investors sold bond funds of $2.24 billion, compared with net withdrawals of $3.86 billion in the previous week, Refinitiv Lipper…
TOKYO (AP) — Japan announced Friday it is expelling eight Russian diplomats and trade officials and will phase out imports of Russian coal and oil, with Prime Minister Fumio Kishida saying Moscow must be held accountable for “war crimes” in Ukraine. Kishida said Japan will also ban imports of Russian lumber, vodka and other goods,…
By Yoruk Bahceli (Reuters) – Euro zone bond yields rose on Friday as traders further ramped up bets on European Central Bank rate hikes this year. Minutes from the ECB’s latest policy meeting, which were more hawkish than expected, had already pushed yields higher after they were published on Thursday. The minutes showed some policymakers…
By Jesús Aguado MADRID (Reuters) – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. A day earlier, the Bank of Spain told lenders to monitor credit risks of customers most exposed to the impact of Russia’s invasion of…
By Samuel Indyk LONDON (Reuters) -European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S. bond yields hovered near multi-year highs. World stocks edged higher but were still on track for their…
(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on concerns over unruly inflation. European equity funds received a net $4.84 billion in the period, while U.S. and Asian equity funds faced outflows…
ROME (AP) — Prices for food commodities like grains and vegetable oils reached their highest levels ever last month largely because of Russia’s war in Ukraine and the “massive supply disruptions” it is causing, threatening millions of people in Africa, the Middle East and elsewhere with hunger and malnourishment, the United Nations said Friday. The…
By Nathan Frandino and Christopher Walljasper CHICO, Calif. (Reuters) – A California law requiring grocery stores and restaurants to donate leftover food has been hard for local food banks and small towns to implement due to climbing fuel costs and uncertainty over who pays for food recovery. The effort to reduce methane emissions from discarded…
(Reuters) -The Russian rouble showed little reaction to an unexpected central bank rate cut on Friday, while stock indexes inched lower, weighed down by shares in oil companies which fell after the U.S. congress voted to ban Russian oil. The central bank cut its key interest rate to 17% from 20% in a surprise move…
