By John McCrank (Reuters) – The U.S. Securities and Exchange Commission (SEC) published a staff bulletin on Thursday giving guidance on how broker dealers and investment advisers must put their clients’ interests ahead of their own when providing advice and recommendations to retail investors. The guidance, which is the third in a series of such …
U.S. SEC issues guidance on broker and adviser ‘care obligations’ Read More »
By Eliana Raszewski, Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s central bank hiked the benchmark interest rate a sharper-than-expected 300 basis points on Thursday after inflation soared past expectations in March to hit 104% on an annual basis, the monetary authority said in a statement. Reuters earlier reported, citing an official source, …
Argentina central bank hikes interest rate to 81% after inflation overshoot Read More »
By Luc Cohen (Reuters) -Mark Pomerantz, the former prosecutor who once led the Manhattan district attorney’s criminal inquiry into former U.S. President Donald Trump, on Thursday won a delay to his deposition before a Republican-led congressional committee, court records showed. U.S. District Judge Mary Kay Vyskocil on Wednesday denied Manhattan District Attorney Alvin Bragg’s request …
Ex-prosecutor in New York Trump probe wins congressional deposition delay Read More »
SEOUL (Reuters) – South Korea’s producer inflation slowed in March to the weakest level in 25 months, central bank data showed on Friday, led by agricultural and petroleum products. The producer price index stood 3.3% higher in March than a year before, compared with 4.8% in February, according to the Bank of Korea. It was …
South Korea March producer inflation eases to weakest in 25 months Read More »
By Tarek Amara TUNIS (Reuters) -A Tunisian judge on Thursday ordered opposition leader Rached Ghannouchi be detained before his trial on charges of plotting against state security, his lawyer said, the latest move on opponents of President Kais Saied. The 81-year-old head of the Islamist Ennahda party was the speaker of the elected parliament, which …
Tunisian judge orders detention of opposition leader Ghannouchi Read More »
KHARTOUM (Reuters) – Sudan’s army chief General Abdel Fattah al-Burhan received separate phone calls on Thursday from the United States, Saudi and Qatari foreign ministers, also from the Turkish president and the Egyptian intelligence chief, an army statement reported. The calls come amid efforts to get both the army and paramilitary Rapid Support Forces to …
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was poised for its biggest daily percentage drop in two weeks on Thursday as a sharp decline in Tesla shares weighed while softening U.S. economic data and growing worries about the debt ceiling pushed Treasury yields lower. On Wall Street, U.S. stocks closed …
Stocks stumble as Tesla drops, US yields retreat after data Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s largest economy is likely headed toward recession, further supporting the view that the Federal Reserve could pause in June after another expected rate hike next month. The greenback hit session lows against the yen and …
Dollar weakens as soft data backs US recession outlook Read More »
