By Sinéad Carew NEW YORK (Reuters) – U.S. Treasury yields were lower and Wall Street’s benchmark S&P 500 ended down but well above the day’s lows on Friday as investors digested a stronger than expected jobs report, which had raised concerns about the Federal Reserve’s ability to slow rate hikes. The U.S. Labor Department reported…
By Michael S. Derby (Reuters) – Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank liquidity regulation change from last year, a report from the New York Fed said Friday. The Fed’s facility offers what are called reverse repos, which allow eligible firms to…
(Reuters) – Canadian Imperial Bank of Commerce (CIBC) said on Friday it would appeal a New York court’s ruling in a lawsuit brought against the bank by an entity of U.S. private equity firm Cerberus Capital Management. Cerberus had alleged that CIBC defaulted on certain payments and is seeking damages of $1.067 billion. CIBC said…
WASHINGTON (Reuters) -The White House on Friday welcomed news that the European Union was “coming together” on a $60 per barrel price cap on Russian seaborne oil, and said it remained convinced that the deal should help limit Russian revenues. Poland on Friday said it had agreed to the European Union’s deal for a $60…
(Reuters) – United Airlines Inc is close to reaching a deal to order dozens of Boeing’s 787 Dreamliner jets, the Wall Street Journal reported on Friday, citing people familiar with the matter. An agreement between United and Boeing could be completed as soon as this month, the report said. United said the company doesn’t comment…
By Chibuike Oguh and Herbert Lash NEW YORK (Reuters) -Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather…
By Howard Schneider WASHINGTON (Reuters) -New U.S. Federal Reserve projections, issued later this month alongside an expected half-point interest rate increase, could show the central bank’s target rate headed toward levels last seen on the eve of the 2007 financial crisis, and will also reveal policymakers’ best guess of the fallout that will have for…
(Fixes name of shareholder in paragraph 10) By Rod Nickel WINNIPEG, Manitoba (Reuters) -As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business. Chief Executive Francois Poirier cleared up any ambiguities…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in November and raised wages despite mounting worries of a recession, which could complicate the Federal Reserve’s intention to start slowing the pace of its interest rate hikes this month. Nonfarm payrolls increased by 263,000 jobs last month, the Labor Department said…
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities against strict COVID-19 policies. Investors were also cautious about the tech sector amid a hit to iPhone production in China. According to data from…
