Reuters USA

LONDON (Reuters) – Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism following the reopening of the Chinese economy. Some two thirds of the respondents expected emerging equities to outperform those of the developed economies in …

Emerging market investors turn increasingly bullish for Q2 -HSBC survey Read More »

By Lewis Krauskopf NEW YORK (Reuters) – The end of the Federal Reserve’s bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the U.S. stock market. In its first meeting since the collapse of two U.S. banks this month and the downfall of ailing …

Analysis-Investors cautious on U.S. stocks, even though Fed hikes may soon end Read More »

By Chris Taylor NEW YORK (Reuters) – The feeling of driving a new car off the lot is hard to beat. What comes next is not so nice: the first monthly payment. That bill packs an extra punch these days. New car buyers with a monthly payment over $1,000 rose to an all-time high of …

Four ways for car buyers to survive the interest-rate crunch Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) on Wednesday urged rail tank car owners and hazmat shippers of flammable liquids to stop using tank cars like some in a Feb. 3 Norfolk Southern train derailment in East Palestine, Ohio and replace them with newer, safer tank cars. USDOT’s Pipeline and Hazardous Materials …

U.S. urges rail tank car owners, shippers to use safer, newer cars Read More »

By Lucy Craymer and Wayne Cole WELLINGTON (Reuters) -A top New Zealand central banker on Thursday said interest rates were clearly in contractionary territory and causing a welcome slowdown in demand in the economy, though it was not yet clear that inflation expectations were under control. Reserve Bank of New Zealand (RBNZ) Chief Economist Paul …

New Zealand central bank says economy slowing, still not sure if rates high enough Read More »

By Lananh Nguyen and Saeed Azhar (Reuters) – Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. …

Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures Read More »

By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank cited rising inflation expectations as it kept interest rates unchanged for the fifth consecutive policy meeting on Wednesday, drawing concern from the government and weakening bets of imminent monetary easing. The bank’s rate-setting committee, known as Copom, maintained its Selic benchmark interest rate at 13.75%. The decision, …

Brazil central bank holds rates, flags increased inflation expectations Read More »

By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system. With the collapse of Silicon Valley Bank and Signature Bank and the U.S. …

Explainer-How safe is my money in a U.S. bank and what is insured? Read More »

By Ted Hesson and Jose Luis Gonzalez WASHINGTON (Reuters) – U.S. authorities have been flying migrants caught illegally crossing the U.S.-Canada border to Texas as part of a deterrence effort to tackle a rise in crossings, according to authorities, flight records and a Reuters witness. U.S. Border Patrol has quietly transported about 100 migrants this …

U.S. flies migrants caught at Canada border to Texas in deterrence effort Read More »

By Sharon Bernstein (Reuters) – Florida is looking to expand its ban on teaching young children about sexual orientation and gender identity issues to include all students in its public schools under a new rule set for a vote by the state Board of Education next month. The proposed rule is the latest move by …

Florida moves to expand ban on sexual orientation, gender identity teaching Read More »