By Howard Schneider WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small rate increase when they gather again next week. But recent data suggesting inflation has begun to slow…
By Emma-Victoria Farr and Oliver Hirt FRANKFURT/ZURICH (Reuters) – UBS is reviewing options for Credit Suisse’s Swiss bank, including potentially keeping the unit’s investment banking operations while selling the rest, two people familiar with the matter told Reuters. UBS is studying plans to sell the Swiss banking business of Credit Suisse in an initial public…
By David Lawder and Jorgelina do Rosario WASHINGTON/LONDON (Reuters) -The International Monetary Fund said on Friday it has reached a staff-level agreement with Argentina to unlock about $7.5 billion and complete the fifth and sixth reviews of the struggling country’s $44 billion loan program. The agreement, which still needs IMF Executive Board approval, eases some…
By David Shepardson WASHINGTON (Reuters) – Ford Motor Co said on Friday it was on track to resume production of F-150 Lightning vehicles on Monday after the No. 2 U.S. automaker recalled 18 electric trucks due to a battery cell manufacturing defect. The recall announced Friday stemmed from production over a four-week period starting at…
By Lefteris Papadimas and Stamos Prousalis KALAMATA, Greece (Reuters) -Rescuers scoured the seas off Greece on Thursday following a shipwreck that killed at least 78 migrants, as hopes of survivors dwindled and fears grew that hundreds more, including children, may have drowned inside the crowded vessel’s hold. Reports suggested between 400 and 750 people had…
By Balazs Koranyi WASHINGTON (Reuters) – A growing number of European Central Bank policymakers are calling for the bank to stop reinvesting cash into its largest bond buying scheme, to help trim its balance sheet as part of efforts to tackle inflation, sources with direct knowledge said. The ECB is still sitting on 3.2 trillion…
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday adopted new disclosure rules for hedge fund and private equity fund advisors aimed at increasing transparency, competition, and efficiency in the $25-trillion marketplace. The rule-making updates Form PF, which was put in place following the financial crisis of 2008-2009 to…
By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output. Brent crude futures rose 81 cents, or 0.9%, to $88.70…
HONG KONG (Reuters) – China Evergrande Group said on Sunday that recievers have been appointed for a plot of undeveloped land in Hong Kong’s rural Yuen Long district, in the latest development to hit the debt-laden developer. A source with direct knowledge said the creditor is Oaktree. However Evergrande did not mention the name in…
(Fixes typo) (Reuters) -Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surprise collapse of lender SVB Financial Group rattles the banking sector. The current projection is for a 25 bps move, with some even expecting no hike at all. That is a quick…
