Risk appetite returns as euro, Bund yields rise, copper surges
LONDON (Reuters) – World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of stimulus from the European Central Bank.
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses.
Honolulu lawmakers pass ‘surge pricing’ cap for ride-hailing companies
(Reuters) – Honolulu could become the first U.S. city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported.
Asian shares hit 11-week high; euro, yields rise after ECB comments
TOKYO (Reuters) – Asian shares rose to a fresh 11-week high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) may soon start to wind down its stimulus boosted the euro and global bond yields.
Fed clambers back to positive real rates, now debate is when to stop
WASHINGTON (Reuters) – The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop.
Billions in U.S. solar projects shelved after Trump panel tariff
(Reuters) – President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5 billion in large installation projects, along with thousands of jobs, the developers told Reuters.
Buffett, Dimon say quarterly profit forecasts harming economy: WSJ
(Reuters) – Billionaire investor Warren Buffett and JPMorgan Chase Chief Executive Jamie Dimon voiced concerns that the financial markets’ focus on short-term goals is hurting the economy and urged companies to move away from providing quarterly earni…
Daimler fights Tesla, VW with new electric big rig truck
PORTLAND, Ore./FRANKFURT (Reuters) – Daimler AG unveiled on Wednesday an all-electric big rig truck it promises to have in production in 2021, as the German automaker mounts a major challenge to European and American rivals, including new entrants lik…
Asian shares hit 2-1/2-month high; euro, yields up after ECB comments
TOKYO (Reuters) – Asian shares rose to a fresh 2-1/2-month high on Thursday, supported by sound economic fundamentals, while expectations the European Central Bank (ECB) could start to wind down its stimulus boosted the euro and global bond yields.
Macau clamps down on use of UnionPay cards to dodge currency controls
HONG KONG (Reuters) – Authorities in Macau, the world’s biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China’s latest move to clamp down on illicit capital outflows.
