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EXCLUSIVE-JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent
Dimon praises Milei's economic reforms and potential foreign investmentJPMorgan open to special financing for Argentina if neededDimon believes Fed will stay independent despite Trump's views on ratesBy Tatiana BautzerDETROIT, Nov 5 (Reuters) - Argentina may not ultimately need a bank loan, ...Reuters
Thu, Nov 6
Bank of Canada governor says budget incentives will enhance productivity if executed well
OTTAWA, Nov 5 (Reuters) - Bank of Canada Governor Tiff Macklem said on Wednesday the proposals in the federal budget to enhance the country's productivity will yield results if they are executed well. "These things are pointing in the right direction, but it's going to come down to execu...Reuters
Wed, Nov 5
EXCLUSIVE-JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent
By Tatiana BautzerDETROIT, Nov 5 (Reuters) - Argentina may not ultimately need a bank loan, JPMorgan JPM.N CEO Jamie Dimon said on Wednesday, adding Argentine President Javier Milei is doing a good job overhauling the country's troubled economy."There is around $100 billion of foreign capita...Reuters
Wed, Nov 5
Genesis Q3 net earnings fall, expects economic uncertainty to continue into 2026
OverviewGenesis Q3 2025 revenue increased to C$116.9 mln from C$93.1 mln in Q3 2024Net earnings for Q3 2025 decreased to C$8.6 mln from C$12.0 mln in Q3 2024Company declares special dividend of C$0.11 per share, totaling C$6.2 mlnOutlookGenesis expects economic uncertainty to continue into 2026Compa...Reuters
Wed, Nov 5
US Supreme Court casts doubt on legality of Trump's global tariffs
Trump invoked law meant for emergencies to impose tariffsLower courts ruled Trump acted unlawfully in doing soConstitution gives Congress the authority to issue tariffsJustices press issue of "major questions" doctrineBy Andrew Chung, John Kruzel and Jan Wolfe WASHINGTON, Nov 5 (Reuters) ...Reuters
Wed, Nov 5
Supreme Court has a packed house for Trump tariffs case amid shutdown
Trump's treasury and commerce secretaries in attendanceUS government in the midst of a long-running shutdownJustices cast doubt on legality of Trump tariffsBy Blake Brittain WASHINGTON, Nov 5 (Reuters) - The U.S. Supreme Court's chamber was buzzing on Wednesday, with Treasury Secretary Sc...Reuters
Wed, Nov 5
EXCLUSIVE-JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent
By Tatiana BautzerDETROIT, Nov 5 (Reuters) - Argentina may not ultimately need a bank loan, JPMorgan JPM.N CEO Jamie Dimon said on Wednesday, adding Argentinian President Javier Milei is doing a good job overhauling the country's troubled economy.Speaking to Reuters in Detroit, Dimon also said h...Reuters
Wed, Nov 5
TREASURIES-Yields surge on better-than-expected economic data, debt supply worries
Economic data erodes confidence in Fed rate cutsTreasury considers future increases in coupon debt issuesU.S. Supreme Court hears arguments on Trump's tariffsBy Davide Barbuscia NEW YORK, Nov 5 (Reuters) - U.S. Treasury yields rose on Wednesday after data showed continued U.S. economic r...Reuters
Wed, Nov 5
US household debt up modestly in third quarter, New York Fed says
Household debt rises 1% to $18.6 trillion in third quarter, NY Fed saysStudent loans see largest increase in serious delinquencyEconomic conditions may impact future delinquency rates, regional Fed bank warnsBy Michael S. Derby Nov 5 (Reuters) - Overall U.S. household debt levels increased modest...Reuters
Wed, Nov 5
FX Today: The BoE is expected to keep its policy rate unchanged. US shutdown hits record
The US Dollar (USD) maintained its upside momentum for yet another day, navigating the area of multi-month tops amid further repricing of Fed rate cuts and the still unresolved US federal government shutdown, which is now the longest in history.
WRAPUP 2-US services activity hits eight-month high; employment remains weak
Nonmanufacturing PMI increases to 52.4 in OctoberNew orders received by services businesses surgeServices employment remains weak; prices paid for inputs rise By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) - U.S. services sector activity increased to an eight-month high in October as new orders gr...Reuters
Wed, Nov 5
Nigeria sells $2.25 billion Eurobond as it shrugs off US military threat
Robust demand despite Trump's US military threatImproved global borrowing conditions attract frontier issuersBroader emerging market sovereign issuance at recordBy Colleen Goko, Chijioke Ohuocha and Duncan Miriri JOHANNESBURG/LAGOS, Nov 5 (Reuters) - Nigeria raised $2.25 billion in a bond sal...Reuters
Wed, Nov 5
Fed's Miran continues to press for rate cuts in Yahoo Finance interview
By Michael S. Derby Nov 5 (Reuters) - Federal Reserve Governor Stephen Miran reiterated on Wednesday that he believes the current level of short-term rates is too restrictive and is creating risks for the U.S. economy.“I think policy is too restrictive and that we're too far above where neutr...Reuters
Wed, Nov 5
Euro zone yields rise as risk-off sentiment fades on positive data points
By Lucy Raitano LONDON, Nov 5 (Reuters) - Euro zone government bond yields ticked higher on Wednesday, in a reversal from earlier trading as broader risk sentiment improved following a recent tech-led stocks sell-off, with several positive economic data points hitting screens. German 10-year Bund...Reuters
Wed, Nov 5
US crude stocks rose last week on higher imports, fuel inventories fell, EIA says
Crude inventories rose by 5.2 million barrels, exceeding expectationsGasoline stocks dropped by 4.7 million barrels, Midwest at record lowDistillate stockpiles fell by 643,000 barrels, less than expectedBy Liz Hampton and Georgina McCartney DENVER/HOUSTON Nov 5 (Reuters) - A rise in imports and r...Reuters
Wed, Nov 5
Fed's Miran continues to press for rate cuts in Yahoo Finance interview
Nov 5 (Reuters) - Federal Reserve Governor Stephen Miran reiterated Wednesday that he believes the current level of short-term rates is creating risks for the economy.“I think policy is too restrictive and that we're too far above where neutral rates would be,” Miran said in an interview on Yaho...Reuters
Wed, Nov 5
