LONDON (Reuters) – World markets swung between hope and caution on Thursday as a another shot of European Central Bank stimulus was offset by still-troublesome U.S. data and general fatigue […]
For U.S. economy, the bottom may be here, but the rebound is slow so far
WASHINGTON (Reuters) – The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of activity […]
Citi defies coronavirus with Western European corporate lending push
LONDON (Reuters) – Citigroup (C.N) is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced […]
Rally pauses ahead of ECB stimulus plan
LONDON (Reuters) – The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to […]
Senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline
WASHINGTON (Reuters) – U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make […]
Democratic-led U.S. House panel opposes any U.S. trade deal with Brazil
WASHINGTON (Reuters) – The U.S. House Ways and Means Committee said on Wednesday it opposed the Trump administration’s plan to expand economic ties with Brazil given its record on human […]
New U.S. restrictions on 33 Chinese firms and institutions take effect June 5
WASHINGTON/NEW YORK (Reuters) – The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday. The agency […]
CIMB scraps mortgage hike plan following customers' push-back
SINGAPORE – CIMB Bank will maintain the floor rate for its mortgages pegged to the Singapore inter-bank offered rate (Sibor) and swap offer rate (Sor) after customers’ push-back against a […]
Global shares hit 3-month highs on economic recovery hopes
LONDON (Reuters) – World shares hit three-month highs on Wednesday and the dollar fell for the sixth day running as easing lockdowns and hopes for more monetary stimulus gave investors […]
China buys U.S. soybeans after halt to U.S. purchases ordered: sources
CHICAGO/BEIJING/SINGAPORE (Reuters) – State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases […]