EXCLUSIVE ECB staff sees lower rate peak than market, sources say
European Central Bank staff see the need for fewer rate hikes than markets now estimate to tame inflation, according to a new internal model that could serve as a key input in future deliberations, four sources close to the discussion said.
India pushes oil refiners to diversify after surprise OPEC+ cuts
India said it will speed up its diversification of oil imports to hedge against any surprise output cuts by the Organization of the Petroleum Exporting Countries and its allies.
Futures tick down ahead of big bank earnings, retail sales data
U.S. stock index futures edged lower on Friday as caution kicked in ahead of quarterly results from four of the nation’s biggest banks that could set the tone for the third-quarter earnings season.
Analysis: Massive turnaround for stocks puts traders on alert for more volatility
An eye-popping turnaround in stocks may be less bullish than hoped for, with traders saying short-term hedging activity buoyed equities while leaving the market’s grim fundamentals unchanged.
BlackRock profit beats as ETF demand holds up against market rout
BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout.
Analysis: Russian law on stock conversion baffles global banks, clients
Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to advisors and client communications from the banks.
OPEC+ oil supply cuts could tip world into recession, IEA says
A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could push the global economy into recession, the International Energy Agency said on Thursday.
Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said.
Investors uneasy as market decline accelerates
The Bank of England maintained that it is emergency bond-buying program would expire this week, which caused more instability in the UK financial markets. As investors sought greater rates to lend to the UK, the cost of government borrowing over ten years suddenly soared to its highest level since 2008. To stop a sell-off that […]
PayPal says policy to fine customers for ‘misinformation’ was an ‘error’
PayPal Holdings Inc said on Monday it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error.
