By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Creeping optimism that a deal will be reached over the U.S. debt ceiling standoff looks to be just about enough to sustain investors’ risk appetite, although Asian markets on Tuesday could be vulnerable to a reversal. Flash purchasing…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari cautioned that while it may appear like the worst of the banking sector’s stresses are over, history showed more trouble can’t be ruled out. “It’s far too soon to declare all-clear” and say that actions by the Fed, Treasury…
By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co is beefing up its commercial banking business that caters to tech startups and other early-stage companies, the company said on Monday. The largest U.S. lender plans to add staff after it hired more than a hundred bankers this year to serve…
By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) -U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade dispute. China’s cyberspace regulator said late on…
LONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets food manufacturers on Tuesday, his office said in a statement. “High food prices are proving stubborn so we need to understand what’s driving that,” Hunt…
By Daniel Wiessner (Reuters) – A group of Chinese citizens living in Florida sued the state on Monday to strike down a new law that would bar citizens of China and several other countries from owning homes and land in the state. The four plaintiffs represented by the American Civil Liberties Union (ACLU) said in…
By Pavel Polityuk KYIV (Reuters) -Russia said on Monday it was battling a cross-border incursion by saboteurs who burst through the frontier from Ukraine, in what appeared to be one of the biggest attacks of its kind since the war began 15 months ago. The governor of Russia’s Belgorod region, Vyacheslav Gladkov, said a Ukrainian…
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican…
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Consumer Sentiment Index rose to 98.0 in May from 95.1 in April, according to the Bank of Korea’s monthly survey of consumers. The index…
By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -A week-long ceasefire in Sudan got off to a shaky start on Monday as witnesses in the capital Khartoum reported fighter jets flights over the city and continued fighting in some areas. Heavy bombardments could be heard in east Khartoum, witnesses said, and one resident shared a…
