By Stephen Culp NEW YORK (Reuters) -U.S. stocks wavered and Treasury yields eased as a barrage of robust economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion th[...]
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Australia
Dollar jumps as Powell flags higher terminal rate
By Karen Brettell NEW YORK (Reuters) – The dollar hit a three-month month high against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is l[...]
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Wall Street slides, Treasury yield inversion widens after Powell remarks
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks plunged, the greenback surged and Treasury yields dipped on Tuesday as Federal Reserve Chairman Jerome Powell concluded the first day of h[...]
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Biden climate law will stumble without permitting reform, industry warns
HOUSTON – The Biden administration’s climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won’t be fully effective without[...]
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Australia’s sovereign wealth fund screening for Chinese firms at risk of US bans
By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund, the Future Fund, is screening its portfolio for Chinese companies at risk of U.S. investment restrictions, its chairm[...]
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Bank of America CEO sees U.S. technical recession in 3rd qtr
SYDNEY (Reuters) – Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy would reach a technical recession starting in the third quarter. Moynihan told The Fina[...]
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Rio Tinto to pay $15 million to settle U.S. SEC investigation
(Reuters) -Rio Tinto said on Tuesday it had agreed to pay a $15 million civil penalty to settle an investigation by the U.S. Securities and Exchange Commission, relating to an alleged bribery scheme i[...]
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Stocks and bonds yields fall as investors balance China, central banks
By Yoruk Bahceli and Wayne Cole (Reuters) -World share prices and bond yields edged lower on Monday as investors digested a lower-than-expected growth target from China and the focus turned to testimo[...]
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Dollar teeters ahead of Powell testimony and pivotal monthly jobs data
By Amanda Cooper LONDON (Reuters) -The dollar steadied on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that w[...]
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