By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. All three major U.S. stock indexes surged more than 1%, with interest…
(Reuters) -Credit Suisse Group AG has hired BlackRock Inc to help sell a portfolio of structured bonds for the Swiss bank, Bloomberg News reported on Thursday. BlackRock’s Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset-backed debt, Bloomberg…
By Jorgelina do Rosario and Rodrigo Campos (Reuters) – The International Monetary Fund is working closely with Suriname authorities to bring their financing program back, while looking for progress in government talks with China, a key creditor, an IMF official said on Thursday. The IMF and Suriname engaged in a financing program for nearly $700…
By David Kirton and Ellen Zhang SHENZHEN, China (Reuters) – China’s largest trade expo, the sprawling Canton Fair, will be welcoming overseas attendees in person for the first time in three years from Saturday, but a soft outlook for global growth is expected to dampen the mood. The first major trade event since China abruptly…
By David Shepardson WASHINGTON (Reuters) -The White House on Thursday asked federal agencies to revise workforce plans as it aims to “substantially increase” in-person work by government employees at headquarters offices and improve services, according to a memo seen by Reuters. The memo to executive branch agencies from White House Office of Management and Budget…
By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other global crises. Chrysoula Zacharopoulou told Reuters in an interview…
By Michael S. Derby (Reuters) – Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease. As of Wednesday, Fed loans to banks via its discount window facility stood at $67.6…
(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks. The three lenders are among a consortium looking to finance the deal, the report said,…
By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) -Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the market this year. Angola, like other African frontier market nations,…
By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the market this year. Angola, like other African frontier market…
