By Davide Barbuscia NEW YORK (Reuters) – The U.S. Treasury yield curve is increasingly pointing to the risk of an approaching recession, with markets clearly doubting the U.S. Federal Reserve’s plan to engineer a “soft landing” for the economy as it hikes interest rates to fight inflation. The yield gap between 10-year and two-year Treasuries…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains…
(Reuters) – Shares of U.S. planemaker Boeing Co and its suppliers fell on Monday as a 737-800 aircraft of China Eastern Airlines, with 132 people on board, crashed in the mountains of southern China. The plane crashed after a sudden descent from cruising altitude. Media reported that rescue workers had found no sign of survivors….
LONDON (Reuters) – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ unprecedented sanctions over Moscow’s actions in Ukraine. Paying external holders last week means Russia swerved its first default, for now, since a…
By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) -Italian luxury yacht maker Ferretti Group launched a Hong Kong initial public offering on Monday that values the company at up to $1.2 billion, a term sheet seen by Reuters showed, going ahead despite volatility in global equity markets. Ferretti, whose customers include British fashion designer Jimmy…
By Ann Saphir (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia’s invasion of Ukraine on the U.S. economy. “Getting the high rates…
By Noah Browning LONDON (Reuters) – Oil prices jumped more than $4 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi oil facilities. Brent crude futures were up $4.55, or 4.2%, at $112.48…
LONDON (Reuters) -The London Stock Exchange Group said on Monday it will sell its wealth management technology operations BETA+ for $1.1 billion to affiliates of Clearlake Capital Group and Motive Partners to cut the exchange’s leverage. BETA+, which includes Maxit and Digital Investor, provides back-office processing to the wealth management industry, including securities processing and…
By Dhara Ranasinghe LONDON (Reuters) – The path to permanent joint bond sales by euro zone governments will be long and bumpy, but Russia’s invasion of Ukraine may have helped clear the way. The conflict has prompted European countries to pledge more investment in defence and developing renewable energy, expenditure many argue will be best…
(Reuters) – Boeing Co shares fell 8% before the bell on Monday as its aircraft belonging to China Eastern Airlines, with 132 people on board, crashed in the mountains of southern China. The cause of the crash was not immediately known and media reported that rescue workers had found no sign of survivors. Boeing said…
