By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – MSCI’s global equities index lost ground on Wednesday after weaker-than-expected overseas data and as investors monitored a heating up of American-Chinese trade tensions while they awaited upcoming U.S. economic data and second-quarter earnings. Investors shrugged off U.S. Federal Reserve meeting minutes released on Wednesday that…
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – A financial stream that helped fund the world’s riskiest companies and grew into a market estimated at $1.5 trillion in the low interest rate years is drying up, as aggressive rate hikes bring tougher borrowing conditions and uncertainty. The pace of issuance of so-called collateralised loan…
By Huw Jones LONDON (Reuters) -Global regulators on Wednesday proposed tougher rules for investment funds to increase their resilience to market shocks as they clamp down on “non banks” which account for about half the world’s financial sector. Central banks had to inject liquidity into markets in March 2020 during COVID-19 lockdowns as money market…
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday. Cyber insurance rates more than doubled in 2021 during the COVID-19 pandemic, driven by a rise in so-called ransomware attacks,…
By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the EU’s new criteria of “gatekeeper” that means they have to meet tougher rules, EU industry chief Thierry Breton said on Tuesday. Samsung and TikTok owner ByteDance also unexpectedly said they would meet the criteria, although…
By Abhijith Ganapavaram (Reuters) -The Teamsters Union said on Wednesday United Parcel Service “walked away” from negotiations over a new contract, a claim the shipping giant denied, lobbing its own accusation that the union had stopped negotiating. The two sides traded salvos in early morning statements as they attempt an agreement to prevent a strike…
By Huw Jones LONDON (Reuters) -Britain’s financial watchdog proposed a real-time record of stock and bond prices on Wednesday to help investors spot the best deals and improve the capital markets’ attraction. It is the latest in a welter of reforms, many contained in a new law approved last week, to bolster the City of…
By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S. Securities and Exchange Commission for allegedly breaching the regulator’s rules, pushing its global…
(Refiles to adds FOREX to headline and changes update number to 4 not 1) By Herbert Lash NEW YORK (Reuters) -The U.S. dollar edged higher against other major currencies on Wednesday after minutes from the Federal Reserve’s June policy meeting reinforced market expectations of another interest rate hike at the end of July. Almost all…
By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai’s meetings with North American trade partners Canada and Mexico this week will not delve deeply into major disputes over Mexico’s biotech corn and energy policies nor Canadian dairy access, a senior USTR official said on Wednesday. The annual meeting of the U.S.-Mexico-Canada Agreement (USMCA)…
