Wall Street pauses as investors eye inflation clues
U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.
EXCLUSIVE BMW, VW to face lowered EU fines over emissions collusion -source
BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) are set to face reduced EU antitrust fines over clean air technology after regulators narrowed the scope of an investigation, a person familiar with the matter said.
Oil near one-week high as prospect of Iran glut wanes
Oil prices slipped on Tuesday, but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets.
Shell weighs shut Louisiana refinery’s future as Baton Rouge firm promotes bid
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 billion offer was not accepted.
Cryptocurrencies bounce back from Sunday sell-off, bitcoin still down 30% in May
Bitcoin jumped more than 10% during a surge in cryptocurrencies Monday, regaining some ground lost during a weekend sell-off that was sparked by renewed signs of a Chinese crackdown on the emerging sector.
LME plans to replace LMEselect with HKEX Orion trading platform
London Metal Exchange plans to replace its LMEselect trading system with its owner Hong Kong Exchanges and Clearing’s Orion platform, CEO Matt Chamberlain said on Tuesday.
As interest rates hit bottom, debt does matter, says Barclays
With global borrowing costs probably as low as they can go, high debt levels will start to matter more in coming years, a Barclays study found, highlighting Brazil as the country at greatest risk of a hit to growth and debt sustainability.
After M&A boom via Zoom, dealmakers hit the road as COVID-19 subsides
Investment bankers’ business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients.
COVID-19 to speed up consolidation of aircraft leasing industry -SMBC
Consolidation of the aircraft leasing industry, which controls over 40% of the global passenger fleet, is likely to be accelerated by COVID-19, the head of major lessor SMBC Aviation Capital, said in an interview on Tuesday.
U.S. Treasury deputy chief sees G7 backing for 15%-plus global minimum tax
U.S. Treasury Deputy Secretary Wally Adeyemo said he expects strong backing from G7 peers for Washington’s proposed 15%-plus global minimum corporate tax, which should help solidify support in the U.S. Congress for domestic corporate tax legislation.
