By Dave Graham and Alberto Fajardo MEXICO CITY (Reuters) – The party of Mexican President Andres Manuel Lopez Obrador was set to win a major opposition bastion in a state election on Sunday, preliminary results showed, giving the country’s leader a boost as he seeks to pave the way for a successor next year. In…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is up 2.5% from its recent low against a basket of currencies and stands near its highest level since March. The nascent rally has defied expectations…
ZURICH(Reuters) – UBS Group takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, is set to become official as early as June 12, the bank said on Monday. The closing of the tie-up marks the final chapter for the 167-year old institution after years of scandals and missteps…
By YP Rajesh NEW DELHI (Reuters) – Investigators are probing an electronic track management system that they suspect malfunctioned and caused India’s deadliest train crash in more than two decades, railways officials said on Sunday. At least 275 people were killed on Friday when a passenger train hit a stationary freight train, went off the…
A look at the day ahead in European and global markets from Kevin Buckland: All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia’s Pepperstone, called Friday’s U.S. payrolls report a “nirvana” of strong job creation and weaker wage growth,…
A look at the day ahead in European and global markets from Kevin Buckland: All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia’s Pepperstone, called Friday’s U.S. payrolls report a “nirvana” of strong job creation and weaker wage growth,…
By Chris Taylor NEW YORK (Reuters) – Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive. Buyers of homes or new cars might be better off waiting. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term to…
SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move to tap into the influx of wealth and growth of family offices in the city-state. The lender has appointed Tom Road as its deputy head of Barclays Private Bank in Singapore. Road, who…
(Reuters) – U.S. industrial conglomerate 3M Co and the city of Stuart, Florida has jointly filed a motion to delay the trial of a “bellwether” PFAS case, according to a court filing late on Sunday. PFAS, the “forever chemicals” used in anything from cell phones to semiconductors, have been linked to cancers, heart problems and…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi’s energy ministry said the country’s output would drop to 9…
