By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s government intervened in the foreign exchange market on Thursday to tamp down volatility ahead of the country’s general elections on Sunday, while officials said there would be no sharp currency devaluation after the vote. In the black market, where dollars sell for almost three times the official…
By Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) -The United States said it will stop providing Russia some notifications required under the New START arms control treaty from Thursday, including updates on its missile and launcher locations, to retaliate for Moscow’s “ongoing violations” of the accord. In a fact sheet on its website, the State…
Boeing reported a surprising $3.3 billion loss for the third quarter Wednesday, as revenue fell short of expectations and it took huge losses for fixed-cost government programs including new Air Force One presidential jets. The company blamed higher manufacturing and supply-chain costs for driving the losses in government programs. CEO David Calhoun said Boeing remains…
By Alexander Marrow MOSCOW (Reuters) -Russia on Tuesday fined TikTok for failing to delete content that violates Russian laws on ‘LGBT propaganda’ and streaming service Twitch for hosting a video interview with a Ukrainian political figure that Moscow said contained ‘fake’ information. Neither company immediately responded to a Reuters request for comment. Interfax reported that…
(Reuters) -The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a government report on Tuesday showed consumer prices unexpectedly edged back up in November. Futures contracts tied to the Fed policy rate now reflect bets the U.S. central bank will lower the policy rate to…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Global hedge funds rushed to unwind bets that U.S.-listed stocks will fall, as a persistent rally threatens their performance, JPMorgan Chase and Goldman Sachs told clients in reports. “For hedge funds, shorts have been a challenge since early June especially,” JPMorgan said, adding the unwinding…
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Deputy Secretary Polly Trottenberg is taking over as acting head of the Federal Aviation Administration, the department said on Thursday. President Joe Biden also plans to name Katie Thomson, the FAA’s chief of staff, as deputy administrator, replacing Bradley Mims. Trottenberg’s appointment is effective immediately. She replaces…
By Kevin Buckland TOKYO (Reuters) – From a rising yen to debt market derivatives, market signals reveal how investors are going for some cheap but fail-safe options to make money on the off chance the Bank of Japan surprises them with a tweak to policy settings this week. The trading pattern in the run-up to…
By Joe Cash BEIJING (Reuters) – U.S. Treasury Secretary Janet Yellen met with China’s central bank governor Yi Gang and former economy tsar Liu He for informal talks on the global, U.S., and Chinese economies on Friday, according to a U.S. Treasury official Yellen comes to Beijing seeking to ease tensions between the world’s two…
(Corrects order of surname and given name in second paragraph) By Summer Zhen HONG KONG (Reuters) -Asia macro hedge fund managers, many of whom posted strong returns this year, are betting the Japanese yen’s unrelenting slide will end soon and some are even priming for a possible tumble in Japanese government bonds. Veteran Japan investor…
