Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott…
Pimco sticks to Danish mortgage-backed covered bonds as returns plunge: Bloomberg
Ticker and trading information for Pacific Investment Management Co. (PIMCo) are displayed on a screen at the New York Stock…
South Africa to roll out sweeping health reform in stages
PRETORIA (Reuters) – A proposed move to universal health coverage in South Africa will be rolled out in stages as…
Fed’s Mester sees downside risk from escalating trade war
JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Saturday she sees “big downside risk” from…
World needs to end risky reliance on U.S. dollar: BoE’s Carney
JACKSON HOLE, Wyo. (Reuters) – Bank of England Governor Mark Carney took aim at the U.S. dollar’s “destabilizing” role in…
White House says no recession in sight, pushes China trade talks
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon…
Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis
FILE PHOTO: Argentina’s Treasury Minister Nicolas Dujovne gestures during a news conference in Buenos Aires, Argentina April 22, 2019. REUTERS/Agustin…
White House says ‘no recession in sight’ despite market turmoil
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest…
PES up against the clock to sell Philadelphia refinery in cash crunch
NEW YORK (Reuters) – Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah…
DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve…
U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more…
Ryanair Spanish cabin crew unions threaten 10 days of strikes
DUBLIN (Reuters) – Unions representing Ryanair (RYA.I) cabin crew in Spain on Wednesday announced plans to hold 10 days of…
Stocks, oil tank on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator…
U.S. budget deficit widens; spending up on health, military
WASHINGTON (Reuters) – The U.S. government’s deficit widened to $120 billion in July, fueled by increases in spending on health…
Gold gains as trade concerns weigh on global markets
NEW YORK (Reuters) – Signs of further escalation of the U.S.-China trade war and weak UK economic data weighed on…
Pandemic bonds face scrutiny after Ebola outbreak yet to trigger payout
LONDON (Reuters) – World Bank funding instruments issued to help emerging countries swiftly tackle pandemics have come under the spotlight…
LG Display to invest $2.6 billion in OLED panel plant in South Korea
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo…
Global stocks down as big rate cut hopes fade, dollar rises
NEW YORK (Reuters) – A gauge of global stocks declined after early gains dissipated on Friday as expectations for a…
Stocks gain on Fed rate cut optimism; oil drops
NEW YORK (Reuters) – A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments…
Big banks beat profit expectations but warning signs grow
(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field…
Wells Fargo tempers cost-cutting outlook
(Reuters) – Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the…
JPMorgan beats profit estimates but shows signs of pressure
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a quarterly profit that beat estimates on Tuesday as higher interest income…
China data steadies stocks as U.S. earnings get underway
NEW YORK (Reuters) – A gauge of global stocks rose modestly on Monday after economic data from China came in…
Tempered expectations of Fed rate cut sink stocks globally
NEW YORK (Reuters) – A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the…
Weak economic data, tariff concerns weigh on stocks globally
NEW YORK (Reuters) – Modest gains in U.S. stocks helped global equity indices edge higher on Tuesday as investors weighed…
Preserve your ammunition, BIS urges top central banks
LONDON (Reuters) – Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition…
Deutsche Bank board to meet July 7 to decide on cutting jobs: sources
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) –…
Stocks advance to end first half as G20 in focus
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday in advance of a meeting on trade between…
Fed pushes back on aggressive U.S. rate cut views
NEW YORK (Reuters) – Federal Reserve officials on Tuesday pushed back on market expectations and presidential pressure for the central…
Deutsche Bank to set up 50 billion euro bad bank: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt,…
Take Five: The Fed and the rest
With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically…
Bumble owner to spend $100 million on dating apps
(Reuters) – The owner of dating app Bumble said on Friday it would revamp its holding structure and spend $100…
Oil tumbles on demand worries; stocks hit by trade, economic fears
NEW YORK (Reuters) – Oil prices slid 4% on Wednesday on higher U.S. crude inventories and a bleaker demand outlook,…
Italy to scrap incentives for Whirlpool plant in Naples
FILE PHOTO: The administrative entrance at the Whirlpool plant in Clyde, Ohio, United States, October 3, 2017. REUTERS/Aaron Josefczyk/File Photo…
Prosecutors investigate VW works council boss in pay inquiry
FILE PHOTO: Bernd Osterloh, head of VW’s works council, poses for the media at a production line at the Volkswagen…
Equities rally dissipates as trade optimism fades, yield curve flattens
NEW YORK (Reuters) – Wall Street’s indexes ended Tuesday’s session virtually unchanged after investors turned their focus to U.S.-China trade…
Nasdaq confirms correction, bond yields fall further
NEW YORK (Reuters) – The Nasdaq confirmed it was in a correction on Monday as stocks extended their recent sell-off,…
GM to invest $24 mln in Fort Wayne plant, boost pickup production
FILE PHOTO: A door steel and aluminum door is welded at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official
(Reuters) – Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving…
Global shares slide on fear trade spat is now a tech cold war
NEW YORK (Reuters) – World shares skidded further on Thursday and oil prices slid more than 5% as investors worried…
China rebuffs Trump claim U.S. tariffs are making firms leave
BEIJING (Reuters) – Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s…
GE’s rising bonds offer another endorsement of CEO Culp
NEW YORK (Reuters) – General Electric Co shareholders offered their latest endorsement of new Chief Executive Larry Culp this week…
Occidental investor set to vote against board due to Anadarko bid
HOUSTON (Reuters) – T. Rowe Price Group Inc said on Monday it intends to vote against the Occidental Petroleum Corp…
Take Five: Vol squall coming? World markets themes for the week ahead
May 3 (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming…
Stocks slip, dollar drifts after Fed cools rate cut bets
LONDON (Reuters) – The dollar nursed overnight gains while Europe’s share markets struggled early on, after the U.S. central bank…
U.S. Fed sees no strong case for hiking or cutting rates
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled little appetite to adjust them…
China’s Xi touts more than $64 billion in Belt and Road deals
BEIJING (Reuters) – President Xi Jinping on Saturday hailed deals worth more than $64 billion signed during China’s Belt and…
Venezuela congress to weigh 2020 PDVSA bond payment next week
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it…
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others…
Bank results curb Wall Street, oil falls as Russia mulls production boost
NEW YORK (Reuters) – Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices…
Stocks edge higher as crude oil gains
NEW YORK – A gauge of global equities edged higher on Monday as another drop in Boeing shares and concerns…