Canadian regulator lifts banks’ capital buffer to record, priming for post-pandemic world
Canada’s financial regulator raised the amount of capital the country’s biggest lenders must hold to guard against risks to a record 2.5% of risk-weighted assets, from 1% currently, in a surprise move that could pave the way for them to resume dividend increases and share buybacks.
Ford sees better-than-expected quarterly profit on higher vehicle prices
Ford Motor Co (F.N) said on Thursday its second-quarter operating profit will exceed expectations due to lower costs and rising prices for new and used vehicles amid the global semiconductor chip shortage.
Analysis: As Fed taper inches closer, investors prepare for volatility ahead
As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.
Russia says EU carbon border tax may impinge on global trade rules
Russian Deputy Prime Minister Alexander Novak said on Thursday that the European Union’s plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies.
Lufthansa to allow check-in with digital vaccine pass
Lufthansa (LHAG.DE) will allow passengers to use new digital COVID-19 vaccination certificates at check-in for their flights, the German airline said on Thursday.
The great exit: central banks line up to dial back emergency stimulus
The U.S. Federal Reserve is projecting a faster timetable for interest rate rises and Norway’s central bank is preparing markets for four rate hikes by mid-2022, the latest signs policymakers are preparing to exit pandemic-driven stimulus.
Stung by pandemic and JBS cyberattack, U.S. ranchers build new beef plants
U.S. cattle ranchers and investors are sinking hundreds of millions of dollars into new beef plants after temporary closures of massive slaughterhouses at the start of the COVID-19 pandemic left farmers with nowhere to send animals destined to be turned into meat.
Analysis: Shaken but not stirred: bond markets may weather hawkish Fed for now
A hawkish shift at the U.S. Federal Reserve has ended a weeks-long rally in bond markets, but don’t bet on a repeat of the sharp selloff seen earlier this year just yet.
Explainer: How will EU ban on 10 banks from bond sales impact markets and banks?
LONDON, June 17 (Reuters) – Ten banks have been excluded over past breaches of antitrust rules from European Union syndicated debt sales backing Brussels’ up to 800 billion euro ($969 billion) COVID-19 recovery fund.
Energy, services boost euro zone inflation in May as expected
A sharp spike in energy prices and more expensive services boosted euro zone consumer inflation in May as expected, data confirmed on Thursday, taking the rate of price growth just above the European Central Banks target.
