Pimco buys all of $3 billion UniCredit bond: sources
U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit to comply with capital buffer rules, two sources familiar with the matter said.
Lampert’s hedge fund and Cyrus Capital to team up for possible Sears bid: Bloomberg
Sears Holdings Corp Chairman Eddie Lampert’s hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg reported on Wednesday.
Wall Street rallies as Powell hints at slowing rate hikes
Wall Street extended its gains on Wednesday after Federal Reserve Chair Jerome Powell said that the central bank’s policy rate was “just below” neutral, hinting at a potential moderation in the pace of policy tightening.
Fed’s Powell, in dovish shift, says rates near neutral
Federal Reserve Chair Jerome Powell on Wednesday appeared to signal the U.S. central bank is nearing an end to its interest-rate hikes, saying the Fed’s policy rate is now “just below” a level that neither brakes nor boosts a healthy economy.
Hints of fewer rate hikes boost Wall Street, dollar dips
Comments by U.S. Federal Reserve Chair Jerome Powell that interest rates were “just below” neutral propelled Wall Street higher on Wednesday, easing investor worries about the pace of interest rate hikes next year.
Microsoft’s stock market value pulls ahead of Apple’s
Microsoft Corp’s stock market value surpassed Apple Inc’s , pulling ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.
Ford reshuffles U.S. plants to beef up SUV, truck production
Ford Motor Co said on Wednesday it will reshuffle workers at several of its plants to meet rising demand for pickup trucks and large SUVs, a process that will require finding new positions for 150 workers displaced by the changes but not result in job…
Wall Street rallies after Powell says policy rate near neutral
U.S. stock indexes rallied more than 1.5 percent on Wednesday after Federal Reserve Chairman Jerome Powell said the policy rate was ‘just below’ neutral, easing worries of a faster pace of interest rate hikes next year.
Powell backs rate hikes; says financial risks contained
Federal Reserve Chair Jerome Powell appeared to signal a nearer end to the U.S. central bank’s interest-rate hikes on Wednesday, saying interest rates are now “just below” estimates of neutral less than two months after saying rates were probably “a long way” from that point.
State-owned Israel Aerospace to partner with Boeing on potential aviation contracts
State-owned Israel Aerospace Industries (IAI) said on Wednesday it signed an agreement with U.S. planemaker Boeing Co last week to cooperate on commercial and military aviation in Israel and some other markets.
