By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and secured a fourth straight week of gains after the West’s energy watchdog said global demand will hit a record high this year on the back of a recovery in Chinese consumption. The International Energy Agency (IEA) also warned that deep output cuts…
By Isla Binnie NEW YORK (Reuters) – Firms find that investors penalize their stock less for high greenhouse gas emissions if they voluntarily disclose that data, researchers at Lazard’s climate center said on Friday. Regulators in the United States are working on rules for how companies provide information to help investors gauge their impact on…
By David Milliken LONDON (Reuters) -The Bank of England said on Friday it would rely on a key U.S. regulator’s assessment of U.S.-based central counterparties (CCPs) which clear financial trades in Britain, in order to reduce duplication of work by supervisors. The BoE signed an agreement with the U.S. Commodities and Futures Trading Commission (CFTC)…
By Sinéad Carew and Saqib Iqbal Ahmed (Reuters) – Shares in U.S. banks were a mixed bag on Friday with JPMorgan Chase soaring 7.0% after its quarterly report impressed investors while PNC Financial was among regional bank decliners after it reduced growth expectations for 2023. JPMorgan, the biggest U.S. lender by assets, reported a first-quarter…
By Gabriel Araujo and Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Airbus SE hopes to propose partnerships with Brzil’s Embraer SA in defense and space in the medium term, its regional executive overseeing those areas told Reuters, saying the two planemakers might complement each other in some ways. Any deal remains distant as negotiations…
By Chris Prentice and Hannah Lang NEW YORK (Reuters) -The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the definition of an “exchange,” clarifying that its existing rules on exchanges also apply to decentralized cryptocurrency platforms. The SEC voted 3-2 to take additional comments from…
By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks in March drove customers to move their money to bigger lenders. The largest U.S. lender gained $50 billion in deposits at the end…
(Reuters) – The governing council of the Bank of Canada discussed raising interest rates at its policy meeting earlier this week before deciding to leave them on hold, the central bank’s governor, Tiff Macklem, said on Friday. Asked whether any council members were in favor of hiking rates at the meeting, Macklem said: “When I…
LOS ANGELES (Reuters) – The Pacific Maritime Association on Thursday said the largest longshore union local on the West Coast disrupted work at the nation’s busiest seaport complex for the second week in a row, as labor talks covering 22,000 dockworkers from California to Washington state approach the one-year mark. Frustration is growing over the…
(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that slow production at three of its facilities will impact its fiscal 2023 results and said CFO Thomas Castellano has stepped down, sending its shares down more than 20%. The company said it experienced “productivity issues” at its gene therapy manufacturing site in Harmans, Maryland…
