By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers indexes on Tuesday offer the first glimpses into how several countries around the world performed in April, with market fireworks in Asia most likely to come from the Reserve Bank of Australia’s (RBA) latest interest rate…
(Reuters) -Morgan Stanley is planning to eliminate about 3,000 jobs in the second quarter, a source told Reuters on Monday, in its second round of job cuts in six months. Slow dealmaking and a tough economic environment are prompting the investment bank to look at its headcount, the source said. The latest move follows another…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended little changed on Monday as investors took in the weekend auction of First Republic Bank and braced for this week’s expected interest rate hike from the Federal Reserve. The KBW regional banking index dropped 2.7%, while shares of JPMorgan Chase & Co, which won the…
By Dawn Chmielewski and Tom Hals (Reuters) – A district board appointed by Florida Governor Ron DeSantis to oversee development around Walt Disney Co’s Florida theme parks sued the company on Monday to void “backroom deals” favorable to the entertainment giant. The state court lawsuit escalates tensions between Disney and the Republican governor and likely…
(Reuters) – Air Lease Corp said on Monday it expects delivery delays from Boeing Co and Airbus SE to persist for several years, adding to the headaches of the aerospace industry amid a faster-than-expected recovery in travel. “In recent weeks, we have received additional notices of delay from both Airbus and Boeing for 2023 and…
(Reuters) – Canada’s Competition Bureau on Monday sought information about Royal Bank of Canada’s $13.5 billion takeover of HSBC’s Canada business. The deal is the biggest acquisition for RBC. The last time a deal of this size was attempted in the country was in the early 1990s, when RBC wanted to acquire rival Bank of…
WASHINGTON (Reuters) – U.S. President Joe Biden called House Speaker Kevin McCarthy and other top congressional leaders to invite them to a May 9 White House meeting to discuss the nation’s debt ceiling, according to two people familiar with the matter. Biden made the calls on Monday afternoon to McCarthy as well as the minority…
(Reuters) -U.S. President Joe Biden is likely to nominate current Federal Reserve Governor Philip Jefferson to be the central bank’s vice chair and World Bank economist Adriana Kugler as a governor, the New York Times reported on Monday. Jefferson, a former economics professor who has been on the seven-seat Fed Board for just under a…
By Ted Hesson and Rich McKay (Reuters) – A Texas man accused of killing five neighbors after being asked to stop shooting his assault-style rifle because of the noise had been deported from the U.S. four times since 2009, U.S. Immigration and Customs Enforcement (ICE) said on Monday. The suspect in the shooting in the…
By David Shepardson WASHINGTON (Reuters) -The United States will end its COVID-19 vaccination requirements for international travelers and federal workers on May 11, when the coronavirus public health emergency ends, the White House said on Monday. In February, the U.S. House of Representatives voted to lift the requirement that most foreign air travelers be vaccinated…
