LONDON (Reuters) -Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires to its New-York investment banking operations. The bank also said it had appointed Ronnie Wexler as global head of equities distribution. McDavid will…
RICHMOND, Virginia (Reuters) – U.S. banks should be prepared to borrow regularly from the Federal Reserve’s discount window, while the Fed should make sure loans can be accessed at any time given changes in the speed of banking and transactions, Dallas Fed President Lorie Logan said on Tuesday. The rapid run on and sudden failure…
LONDON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world economy would not have to wait until the 11th hour for a solution on the U.S. debt ceiling. White House and congressional Republican negotiators are seeking to resolve a months-long impasse over raising the U.S. government’s $31.4 trillion…
By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazilian stocks are expected to keep drifting higher this year on mixed company earnings, as food exporters feel the pinch from slower global growth, while banks take advantage of sky-high interest rates, a Reuters poll showed. The Bovespa equity index has been climbing back…
By Chiara Elisei LONDON (Reuters) – The share of lower-rated European junk debt coming due within the next three years is at its highest since at least 2015, Deutsche Bank said on Tuesday, a sign the weakest borrowers may struggle to repay their debt as rates rises bite. The bank added that in the absence…
By David Milliken and Sarah Young LONDON (Reuters) -The International Monetary Fund no longer expects a recession in Britain this year, it said on Tuesday, praising steps taken by the government to stabilise the economy and fight inflation and warning against pre-election tax cuts. The IMF said gross domestic product now looks set to grow…
By William Schomberg and Andy Bruce LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn”, with inflation still in double digits and food prices rising at the fastest rate since the 1970s. Bailey and other top BoE officials faced two hours of often…
By Danilo Masoni and Lucy Raitano MILAN/LONDON (Reuters) – Concerns over recession and sticky inflation will weigh on European shares over the coming months but fading policy headwinds could see the main benchmarks reach new highs next year, a Reuters poll found. Fund managers and strategists surveyed over May 10-23 forecast the region-wide STOXX Europe…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index of U.S. shares will slip marginally between now and year-end as past interest rate hikes, troubled regional banks and weak earnings weigh on sentiment, according to strategists in a Reuters poll. They see the benchmark index ending the year at 4,150, down slightly from…
By Steve Scherer OTTAWA (Reuters) – The fortunes of Alberta’s politicians often go hand-in-hand with the Western Canadian province’s oil and gas sector, its biggest industry, and the question of who will be its greatest advocate is a major theme in the final week before Albertans pick their leader. Polls are split on whether Premier…
