Business

Futures edge higher after Thanksgiving holiday

(Reuters) – U.S. stock index futures edged higher on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections during the Thanksgiving holiday.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoWall Street’s […]

Analysis & Comment

Spain's BBVA and Sabadell end tie-up talks, TSB left in limbo

MADRID (Reuters) – BBVA and Sabadell called off merger talks on Friday after failing to agree on financial terms, in a blow to banking consolidation in Spain which also leaves the future of Sabadell’s British lender TSB unclear.FILE PHOTO: Spanish bank BBVA’s Chief Executive Onur Genc speaks during the annual results presentation at the company’s […]

Business

Credit Suisse shareholders approve final 2019 dividend payment

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd WiegmannZURICH (Reuters) – Credit Suisse shareholders on Friday approved payment of the second half of its 2019 dividend. Both big Swiss banks, Credit Suisse and UBS, decided in April to […]

World News

Hurricanes Eta, Iota hit Nicaragua with $743 million in economic losses

FILE PHOTO: A man sits on the shore of the Masachapa river under the rain caused by Storm Eta in Masachapa, Nicaragua November 4, 2020.REUTERS/Oswaldo RivasMANAGUA (Reuters) – Nicaragua suffered nearly $750 million in damage from Hurricanes Eta and Iota, the government said on Tuesday, as the Inter-American Development Bank (IDB) promised $1.7 billion in […]

Business

Biden to choose ex-Fed chair Yellen as first woman Treasury secretary, allies say

Slideshow ( 2 images )WASHINGTON (Reuters) – U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary, according to two Democratic allies. A spokesman for Biden’s campaign declined to comment. Yellen, reached by phone, also declined to comment. Yellen, 74, would be the first woman to head […]

Business

Blackrock ups U.S. equities to overweight, cuts Europe

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018LONDON (Reuters) – The world’s top asset manager BlackRock has upgraded U.S. equities to “overweight”, turning bullish on quality large cap technology companies as well as small cap firms that tend to perform well during a cyclical upswing. […]

Business

Analysis: With end of crisis programs, Fed faces tricky post-pandemic transition

WASHINGTON (Reuters) – The possible arrival of a coronavirus vaccine in the coming weeks means the Federal Reserve may soon have to lay out its plans for helping the economy navigate the potentially choppy transition to a post-pandemic world.FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. […]

World News

Israel welcomes end to convicted U.S. spy Pollard's travel ban

FILE PHOTO: Jonathan Pollard, a former U.S. Navy intelligence officer convicted of spying for Israel, exits following a hearing at the Manhattan Federal Courthouse in New York City, U.S., May 17, 2017. REUTERS/Brendan McDermid/File PhotoJERUSALEM (Reuters) – Israeli leaders on Saturday welcomed the U.S. decision to end parole restrictions on Jonathan Pollard, a former U.S. […]

Business

White House's Kudlow says he does not think U.S. economy is slowing down

FILE PHOTO: Director of the National Economic Council Larry Kudlow wears a mask as he speaks to the media after U.S. President Donald Trump announced that he and U.S. first lady Melania Trump have both tested positive for the coronavirus disease (COVID-19) in Washington, U.S., October 2, 2020. REUTERS/Joshua RobertsWASHINGTON (Reuters) – The U.S. economy […]

Business

Wall Street futures dip as Mnuchin pulls plug on lending programs

(Reuters) – U.S. stock market futures dropped late on Thursday after Treasury Secretary Steven Mnuchin pulled the plug on some of the Federal Reserve’ pandemic emergency lending programs. S&P 500 emini futures EScv1 dropped 0.75% after Mnuchin asked the central bank to return money earmarked under the March pandemic relief act for emergency lending to […]