By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the week on Friday as another spike up in U.S. bond yields and the prospect of interest rates being kept higher for longer triggered waves of…
(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the…
NEW YORK (Reuters) – Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said. Lending via the central bank’s discount window stood at $3.4 billion on Wednesday from $3.2 billion on June 28, while “other credit” tied to the wind down of failed banks stood at $164.8 billion from…
By Foo Yun Chee BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitrust regulators to allow its 1.63 billion euro ($1.8 billion) acquisition of Sweden’s Etraveli Group, despite concerns it could hurt competition. Booking announced its bid for peer Etraveli, owner of the brands Gotogate and Mytrip…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve forecasts released at the June monetary policy meeting laid out an outlook that was more hawkish than what Wall Street’s biggest banks had penciled in ahead of the gathering. According to the June survey of primary dealers, who underwrite Treasury debt auctions, the banks forecast…
By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP National Employment report showed, while…
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem with the Federal Reserve’s aggressive monetary policy stance adopted since last year aimed at curbing inflation. As a result, the…
By Aditya Soni (Reuters) -Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival. Dubbed as the “Twitter-Killer”,…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate hike that could dent energy demand. Brent crude futures settled 13 cents lower at $76.52 a barrel, after a 0.5% gain the previous day. U.S….
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Buyout houses including Blackstone Inc. and TPG Inc. are evaluating competing bids for a U.S. fund administrator, in a deal that may value the company at as much as $1.7 billion, two people familiar with the matter told Reuters. Boston, Massachusetts-based Standish Management, a service…
