GVGVF

US bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment …

US bans Huawei, ZTE equipment sales citing national security risk Read More »

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

Dollar nears 3-mth low, shares climb after Fed tests the brakes Read More »

FTC likely to file argument to block Microsoft’s $69 bln bid for Activision – Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on wednesday A challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out …

FTC likely to file argument to block Microsoft’s $69 bln bid for Activision – Politico Read More »

S&P 500, Nasdaq pare losses as investors digest Fed comments

Fed’s Brainard signals slower rate hikes ahead Tech and growth stocks off session lows Biogen, Lilly rise on Roche’s Alzheimer’s drug failure Indexes: Dow up 0.31%, S&P flat, Nasdaq down 0.36% Nov 14 (Reuters) – The S&P 500 and the tech-heavy Nasdaq pared losses on Monday as comments from US Federal Reserve Vice Chair Lael …

S&P 500, Nasdaq pare losses as investors digest Fed comments Read More »

Fed may cut size of rate increases, but is not ‘softening’ inflation fight, Waller says

WASHINGTON, Nov 13 (Reuters) – The US Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday. Markets should now pay attention to the “endpoint” of rate increases, …

Fed may cut size of rate increases, but is not ‘softening’ inflation fight, Waller says Read More »

Goldman Sachs sees Fed rates peaking at 5% in March, Bloomberg reports

Oct 30 (Reuters) – Goldman Sachs Group Inc’s (GS.N) economists said the US Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday. Goldman Sachs Chief Executive Officer David Solomon said last week the US Federal Reserve could …

Goldman Sachs sees Fed rates peaking at 5% in March, Bloomberg reports Read More »

Wall Street bankers in Riyadh renew warnings over world economy

RIYADH, Oct 25 (Reuters) – Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackled decades-high inflation. Goldman Sachs boss David Solomon said economic conditions would “tighten meaningfully from here” and the US Federal Reserve could hike rates beyond 4.5-4.75% if it …

Wall Street bankers in Riyadh renew warnings over world economy Read More »

Bank of England’s Bailey tells pension funds they have 3 days to rebalance

WASHINGTON, Oct 11 (Reuters) – Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support program for the county’s fragile bond market. “We have announced that we will be out by the end of this week. …

Bank of England’s Bailey tells pension funds they have 3 days to rebalance Read More »