By Jamie McGeever ORLANDO, Fla. (Reuters) -A key part of the U.S. yield curve is the most inverted in decades and for hedge funds, enough is enough. Commodity Futures Trading Commission positioning data show that speculators are placing wagers that the historic gap between 10-year and three-month yields will start to shrink. This is reflected …
Funds bet heavily on U.S. curve steepeners: McGeever Read More »
By William Schomberg and Sumanta Sen LONDON (Reuters) – The Bank of England must decide next week how much higher it will raise borrowing costs as it tries to bear down on Britain’s double-digit inflation rate without adding too much stress to an economy already close to recession. BoE Governor Andrew Bailey said last week …
What is the Bank of England looking at before rate decision? Read More »
By Nandita Bose and Matt Spetalnick WASHINGTON (Reuters) -A new search of President Joe Biden’s home in Wilmington, Delaware on Friday by the U.S. Justice Department found six more items, including documents with classification markings, a lawyer for the president said in a statement Saturday night. Some of the classified documents and “surrounding materials” dated …
U.S. Justice Dept found more classified items in Biden home search Read More »
By Lisandra Paraguassu BUENOS AIRES (Reuters) – Brazilian Finance Minister Fernando Haddad played down the idea of a single shared currency between Argentina and Brazil late on Sunday, saying the countries were looking at ways to stimulate bilateral trade but not extinguish their own currencies. His remarks came after Brazilian President Luiz Inacio Lula da …
Brazil, Argentina to encourage trade, says Haddad; plays down common currency Read More »
By Tim Reid MONTEREY PARK, Calif. (Reuters) – Since she was a little girl, Li Xia’s dream was to move from China and settle in America. On Saturday night, when she heard the gunfire that killed at least 10 people in her newfound home of Monterey Park, California, that dream was shattered. “In my heart, …
California shooting upends tranquil community: ‘I don’t feel safe’ Read More »
By Luc Cohen NEW YORK (Reuters) – Opening statements are set to begin on Monday in the U.S. trial of a former Mexican law enforcement official once in charge of cracking down on drug trafficking, who now stands accused of taking bribes from the powerful Sinaloa Cartel. Genaro Garcia Luna led Mexico’s Federal Investigation Agency …
Former Mexican drug czar heads to trial accused of aiding El Chapo Read More »
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. The U.S. Federal Reserve has entered its black-out period before next week’s meeting, data is thin and much of Asia is shut for the Lunar New Year holiday. It’s a good opportunity for policy hawks at the European Central Bank to …
By Nandita Bose WASHINGTON (Reuters) – Democratic Vice President Kamala Harris said abortion rights are under attack across the United States in a speech Sunday marking the 50th anniversary of Roe v. Wade, the Supreme Court decision that had established a right to abortion until it was overturned last year. “The right of every woman …
Harris says abortion rights threatened across United States Read More »
By Lisandra Paraguassu BUENOS AIRES (Reuters) – Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned. “We intend to overcome the barriers to our exchanges, simplify and modernize the rules …
MELBOURNE (Reuters) – Australian diversified miner South32 Ltd on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had led to an inventory buildup, impacting working capital. In its quarterly report, South32 met coal, aluminium and copper forecasts and slightly exceeded analyst estimates for manganese ore production, for which …
South32 sees shipping delays tying up cash in inventory Read More »
