By David Milliken LONDON (Reuters) -The Bank of England said on Friday it would rely on a key U.S. regulator’s assessment of U.S.-based central counterparties (CCPs) which clear financial trades in Britain, in order to reduce duplication of work by supervisors. The BoE signed an agreement with the U.S. Commodities and Futures Trading Commission (CFTC) …
Britain recognises CFTC oversight of US clearing houses in UK Read More »
By Sinéad Carew and Saqib Iqbal Ahmed (Reuters) – Shares in U.S. banks were a mixed bag on Friday with JPMorgan Chase soaring 7.0% after its quarterly report impressed investors while PNC Financial was among regional bank decliners after it reduced growth expectations for 2023. JPMorgan, the biggest U.S. lender by assets, reported a first-quarter …
Bigger banks rise while regionals slump as Q1 earnings season kicks off Read More »
By Ethan Wang, Ryan Woo and Lisandra Paraguassu BEIJING/BRASILIA (Reuters) – Brazil reset its diplomatic ties with China, its largest trading partner, with a state visit on Friday where they agreed to boost investments and cooperation on technology and sustainable development, while urging peace talks in Ukraine. Brazilian President Luiz Inacio Lula da Silva and …
China and Brazil reset ties with tech, environment accords, agree on Ukraine Read More »
By Sachin Ravikumar and Muvija M LONDON (Reuters) -Nurses in England rejected an offer of a 5% pay rise on Friday and set out plans for further strikes, dealing a blow to Prime Minister Rishi Sunak’s attempts to end the dispute and potentially further straining the country’s health service. About 54% of nurses who took …
Nurses in England reject pay offer, plan more strikes Read More »
(Reuters) -Florida Governor Ron DeSantis is expected to sign a bill on Friday allowing juries to recommend the death penalty in capital cases on an 8-4 vote, a move spurred by the less-than-unanimous vote that led to the Parkland school shooter being sentenced to life in prison. The state’s Republican-led House of Representatives approved the …
Florida to allow death penalty with 8-4 jury vote instead of unanimously Read More »
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase & Co beat Wall Street’s estimates for quarterly profit and raised its outlook for interest income on Friday, emerging as one of the biggest winners of a flight to safety during last month’s banking crisis. The largest U.S. lender gained $50 billion in deposits at the …
JPMorgan surpasses Wall St forecasts, winning business as crisis roils industry Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices pulled back sharply on Friday after surging to a more than one-year peak in the last session, as the dollar bounced and a Federal Reserve official flagged the need for another interest rate hike. Spot gold was down 1.8% at $2,003.60 per ounce by 01:52 EDT (17:51 GMT). …
Gold beats sharp retreat as dollar bounces, rate hike bets grow Read More »
By Jaiveer Shekhawat and Davide Barbuscia (Reuters) – BlackRock Inc expects dislocations created by a recent banking rout to present “enormous” opportunities to expand its business, as investors shift allocations to avoid abrupt market gyrations and profit from a higher interest rate environment. The world’s largest asset manager reported an 18% drop in first-quarter profit …
BlackRock eyes banking rout as chance for growth as inflows rise Read More »
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Citigroup Inc’s first-quarter profit beat Wall Street expectations as it earned more from borrowers paying higher interest on loans. While its net interest income rose 23% to $13.3 billion, Citi also set aside $241 million to cover potential loan losses, from $138 million a year earlier, according …
Citigroup beats estimates on higher income from loans; shares rise Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenya is “disturbed” by comments about President William Ruto reportedly attributed to the United Nations deputy secretary-general in a leaked U.S. classified document, a senior Kenyan official said on Friday. The BBC, citing a leaked document, reported this week that Amina Mohammed told U.N. Secretary-General Antonio Guterres in February …
Kenya ‘disturbed’ by UN remarks in leaked memo -senior official Read More »
