All News Results

  • TREASURIES-Yields rise on German fiscal stimulus hopes

    Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt.

  • UK finance minister says he wants to take advantage of low debt costs -Times

    • BY Reuters|
    • 02:20 PM ET 08/16/2019

    British finance minister Sajid Javid said in an interview published late on Friday that he is looking at how best to take advantage of record-low borrowing costs when he sets out his first budget later this year.

  • US STOCKS-Wall Street jumps on German stimulus hopes

    * Germany could suspend balanced budget rule to avoid recession -report. * U.S. Treasury yields ease off lows, boosting banks. * Nvidia (NVDA) jumps after results, lifts chip stocks. * Indexes up: Dow 1.08%, S&P 1.39%, Nasdaq 1.68% By Stephen Culp.

  • UK's Johnson to meet Macron, Merkel next week: Guardian

    • BY Reuters|
    • 02:15 PM ET 08/16/2019

    British leader Boris Johnson will travel to meet his French and German counterparts on Tuesday and Wednesday next week, in his first foreign engagements since becoming prime minister last month, a Guardian reporter said on Friday.

  • Enbridge seeks partial natgas pipe return Aug. 24-26 after Kentucky blast

    Canadian energy company Enbridge Inc (ENBA) said it expects to return one pipe to service between Aug. 24 and 26 on its Texas Eastern natural gas system in Kentucky that shut after an explosion on an adjacent line killed one person on Aug. 1. Texas Eastern has three lines between its Danville and Tompkinsville compressors in Kentucky that make up its 30-inch system.

  • Veteran UK politicians asked to lead potential anti-Brexit government

    • BY Reuters|
    • 01:55 PM ET 08/16/2019

    Veteran British lawmakers from the ruling Conservative and opposition Labour parties have both said they would be willing to lead an emergency government to halt a no-deal Brexit, the leader of the pro-EU Liberal Democrats said on Friday.

  • Fed's Kashkari says rate cut likely needed to help U.S. economy

    • BY Reuters|
    • 01:30 PM ET 08/16/2019

    The Federal Reserve likely needs to cut interest rates and take aggressive measures to counter an economic slowdown, Minneapolis Federal Reserve Bank President Neel Kashkari said on Friday. "We probably need to go ahead and pull back on interest rates to provide more support for the economy," Kashkari said in an interview on U.S. broadcaster CNN.

  • Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

    • BY Reuters|
    • 01:26 PM ET 08/16/2019

    Brazil's backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. Deforestation has surged since Bolsonaro's election last year.

  • US STOCKS-Wall Street boosted by stimulus hopes

    * Indexes up: Dow 1.09%, S&P 1.38%, Nasdaq 1.61% * All 11 major S&P sectors rise. * Germany ready to take on new debt in case of recession -report. * Nvidia (NVDA) jumps after results, lifts chip stocks. * Bank stocks rise as U.S. Treasury yields ease off lows. * FAANG stocks gain. By Medha Singh and Arjun Panchadar.

  • Is the clock ticking again for Argentine debt? Ask the IMF

    A collapse in Argentina's peso currency this week and soaring borrowing costs have fueled investors' concern that Latin America's third-largest economy is heading for another debt restructuring. The International Monetary Fund's next review of the country's $57 billion lending program on Sept. 15 should provide a sign of whether Argentina's lender of last resort now thinks the same.

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