Reuters USA

By Patturaja Murugaboopathy and Chuck Mikolajczak (Reuters) – U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush to safer money market funds and bank deposits, providing high returns without much risk. Interest rates on short-tenor bonds have risen this year on expectations that the U.S. Federal Reserve …

US dividend funds see biggest quarterly outflows in 2-1/2 years Read More »

(Reuters) – Inflation is likely to remain stubbornly persistent and will require the Federal Reserve to keep to the task of getting inflation back down to its 2% goal, St. Louis Fed President James Bullard said on Thursday. “We’ve got a long ways to go and I think inflation is going to be sticky going …

Fed’s Bullard says he sees inflation remaining “sticky” Read More »

WASHINGTON (Reuters) – CIA Director William Burns visited Saudi Arabia for talks with intelligence counterparts and national leaders “on issues of shared interests,” a U.S. official said on Thursday. “The director reinforced our commitment to intelligence cooperation, especially in the areas of counterterrorism,” the official said. Burns’ visit was first reported by the Washington Post. …

CIA’s Burns reaffirmed intelligence cooperation on Saudi Arabia visit – U.S. official Read More »

By Granth Vanaik (Reuters) – Levi Strauss & Co on Thursday warned of a margin crunch this year as it would have to offer higher promotions than previously anticipated while also grappling with higher costs, sending its shares tumbling 16% in morning trade. The company, which topped quarterly results estimates but maintained its annual revenue …

Levi Strauss warns of margin decline in 2023 as promotions, costs bite Read More »

(Reuters) -Utility firms Dominion Energy and National Grid Plc are separately considering a potential sale of parts of their natural gas pipeline networks, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Dominion is mulling a sale of its gas-distribution companies serving North Carolina, Ohio and parts of the Western U.S., …

Dominion Energy, National Grid pursuing pipeline sales – WSJ Read More »

LIMA (Reuters) – A U.S. court rejected an appeal by former Peruvian president Alejandro Toledo to stall his extradition over corruption charges, making it likely that he will be the third former leader to be held in a purpose-built jail in Lima. Peru’s Justice Minister Jose Tello said on Wednesday night that a California court …

Peru set to jail third ex-president as Toledo awaits extradition from U.S. Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – The Federal Reserve could be set to follow its historic interest rate-hiking campaign with another policy milestone – ending a tightening cycle with negative real rates. There are a few variables at play – not least incoming economic and inflation data – but it is not unreasonable to …

Column-Another Fed milestone? Policy peak with negative real rates: McGeever Read More »

(Reuters) -A U.S. court on Wednesday denied AMC Entertainment Holdings Inc’s request to lift a status quo order on converting its preferred stock into common shares. In February, AMC investors sued the theater operator accusing it and several of its directors of violating a law by creating the preferred shares in an attempt to “eviscerate” …

U.S. court denies AMC’s request for speedier stock conversion Read More »

SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday the country’s central bank has sent “several signs” that measures being taken by government to balance public accounts, including a newly proposed fiscal framework, were “consistent”. As the government pressures policymakers to lower interest rates, Haddad highlighted in an interview with BandNews that …

Brazil’s Haddad sees positive signs from cenbank on fiscal efforts Read More »