Wells Fargo profit rises but investors worry about growth
(Reuters) – Profit at Wells Fargo & Co rose by a better-than-expected 13 percent in the third quarter, as the largest U.S. mortgage lender made up for a decline in that business by releasing a large chunk of money set aside for bad loans.
Exclusive: U.S. watchdog readies tighter new commodity limits rule
WASHINGTON (Reuters) – The U.S. derivatives regulator is finishing a new rule to curb speculators with large positions in commodity markets that is in parts tougher than the previous version, two sources with direct knowledge of the plan said.
U.S. looking at alleged forex manipulation: source
WASHINGTON (Reuters) – The U.S. Justice Department is making inquiries into allegations of foreign exchange rate manipulation centered on the Swiss franc, but has left the heavy lifting to Europe, according to a source familiar with the probe.
Fed’s Powell-Policy to be highly accommodative for quite a while
WASHINGTON (Reuters) – The U.S. Federal Reserve will maintain its ultra-easy monetary policy for quite a while longer, regardless of what decision it takes on when to change the level of its monthly bond buying campaign, a senior U.S. central banker sa…
Washington drives U.S. consumer sentiment to nine-month low
NEW YORK (Reuters) – U.S. consumer sentiment deteriorated in October to its weakest in nine months as the first federal government shutdown in 17 years undermined Americans’ outlook on the economy, a survey released on Friday showed.
U.S. opens criminal probe into possible currency market rigging: Bloomberg
LONDON (Reuters) – The U.S. Department of Justice has begun a criminal investigation into possible manipulation of the foreign exchange market, Bloomberg reported on Friday, citing a person familiar with the matter.
China to ramp up overseas M&A as it overtakes U.S. as top crude importer
SINGAPORE/BEIJING (Reuters) – China is set to ramp up acquisitions of overseas oil and gas companies to feed its soaring growth in energy demand as the country overtakes the United States as the world’s top net oil importer.
Exclusive: Glencore, Vale in talks over Canadian nickel tie-up – sources
LONDON/TORONTO (Reuters) – Glencore Xstrata and Vale have revived talks over a potential combination of the mining groups’ nickel operations in Canada’s Sudbury basin, in an effort to cut costs as prices for the metal languish, sources familiar with th…
Draghi: ECB ready to act if market rates rise too high
WASHINGTON (Reuters) – European Central Bank President Mario Draghi said the central bank is looking carefully at money market interest rates and is ready to act if they rise too high.
Strong Royal Mail market debut fuels debate over price
LONDON (Reuters) – Shares in Britain’s Royal Mail rocketed to a near 40 percent premium above their issue price in Friday’s stock market debut, fuelling a debate about whether they had been priced too low in order to guarantee a successful privatizatio…
