By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable to hammer out a deal in coming weeks, potentially sparking stock volatility as a key deadline nears. Although concerns related to raising the $31.4 trillion…
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported first-quarter net profit above market expectations on Wednesday on the back of climbing interest income and said its credit quality remained good against a backdrop of heightened uncertainty. Soaring inflation over the past year has seen central banks crank up key rates radically, boosting interest income for banks such…
TAIPEI (Reuters) – Taiwan’s export-dependent economy likely slipped into a recession in the first quarter, a Reuters poll showed on Wednesday, weighed down by sluggish demand for technology products amid global economic woes. Gross domestic product (GDP) likely fell 1.25% in the January-March period versus a year earlier, the poll of 24 economists showed. The…
By David Morgan and Katharine Jackson WASHINGTON (Reuters) -A Republican bill authorizing a $1.5 trillion increase to the U.S. debt ceiling, coupled with deep spending cuts over a decade, hit a snag late on Tuesday, as a key committee delayed advancing the legislation to the full House of Representatives for debate and passage. The House…
TOKYO (Reuters) – Japan’s Honda Motor Co on Wednesday unveiled it struck a strategic collaboration agreement with Taiwan Semiconductor Manufacturing Co (TSMC) as part of steps the company was taking to secure a stable supply of semiconductors. Honda will build direct relationships with chip producers for the long-term stable supply of chips, chief executive Toshihiro…
A look at the day ahead in European and global markets from Vidya Ranganathan The steady stream of bad news from banks continues to cast a pall over markets this week, even as global tech giants surprise investors by beating earnings estimates. Spain’s Santander dragged European stocks down on Tuesday. UBS Group fell after setting…
BOGOTA (Reuters) -Colombia’s President Gustavo Petro has asked his cabinet ministers to resign ahead of a reshuffle, two sources told Reuters late on Tuesday, as the leftist leader said he had lost his majority coalition in Congress. Petro’s decision followed upset in Colombia’s House of Representatives after a debate on the president’s controversial health reform…
By Leika Kihara TOKYO (Reuters) – Japan’s new central bank chief is likely to keep monetary settings ultra-loose at his debut meeting on Friday, but may consider dropping references to the COVID-19 in forward guidance as the pandemic fades as an economic risk. While such a tweak would not have material implications for policy,…
