News
Important Only
Bank of America's wealth unit eyes 4%-5% net new asset growth
By Saeed Azhar and Arasu Kannagi BasilBOSTON, Nov 3 (Reuters) - Bank of America's BAC.N wealth business is targeting 4% to 5% net new asset growth in the medium term, executives said on Wednesday. "We have the scale and we have the infrastructure to be outpacing the industry in terms of grow...Reuters
Wed, Nov 5
Congo Republic sells first Eurobond in nearly 20 years
First Eurobond issuance since 2007 Country in talks for debt-for-nature swap Focusing on low-cost loans, diversifying economyBy Libby George LONDON, Nov 5 (Reuters) - Congo Republic issued a $670 million Eurobond, its first in nearly two decades on Wednesday and said it is in talks for a possible...Reuters
Wed, Nov 5
US Treasury keeps auction sizes steady, considering future increases
By Karen BrettellNov 5 (Reuters) - The U.S. Treasury Department on Wednesday said it expects to keep its nominal coupon and floating rate note auction sizes steady for at least the next several quarters, but is beginning to consider future increases.The announcement came after some market participan...Reuters
Wed, Nov 5
Nigeria rejects US religious freedom designation, says it is based on 'faulty data'
Killing of Christians in Nigeria has damaged ties with USTrump has threatened military action against NigeriaInformation minister defends Nigeria's recordHe cites faulty data and misinformationBy Camillus Eboh and Elisha Bala-Gbogbo ABUJA, Nov 5 (Reuters) - Nigeria's government rejected o...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
TREASURIES-Yields surge on better-than-expected economic data, debt supply concerns
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 turned higher on Wednesday, reversing earlier declines, after data...Reuters
Wed, Nov 5
US crude stocks rise, gasoline and distillate inventories fall, EIA says
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 5.2 million barrels to 421.2 million barrels in the week ended October 31, the EIA said, compared with analysts' expectations in a Re...Reuters
Wed, Nov 5
Carney's first budget falls short on vow to transform Canadian economy
Carney had promised generational investments and sacrificesCarney's minority government may rely on New Democrats for budget approvalAny economic transformation would take several years, analysts sayBy Maria Cheng OTTAWA, Nov 5 (Reuters) - Canadian Prime Minister Mark Carney promised his fir...Reuters
Wed, Nov 5
US service sector activity accelerates in October; employment still subdued
Nonmanufacturing PMI increases to 52.4 in OctoberNew orders received by services businesses surgeServices employment remains weak; prices paid for inputs rise moderatelyBy Lucia Mutikani WASHINGTON, Nov 5 (Reuters) - U.S. services sector activity picked up in October amid a solid increase in new ...Reuters
Wed, Nov 5
Treasury keeps auction sizes steady, considering future increases
Nov 5 (Reuters) - The U.S. Treasury Department on Wednesday said it expects to keep its nominal coupon and floating rate note auction sizes steady for at least the next several quarters, but is beginning to consider future increases. The U.S. plans to sell $125 billion in its quarterly refunding nex...Reuters
Wed, Nov 5
Tesla's German car sales more than halve in October as wider EV sales jump
Nov 5 (Reuters) - Tesla's TSLA.O sales volume in Germany more than halved in October from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall.KBA said Tesla sold 750 cars in Germany in October, down by 53.5% fro...Reuters
Wed, Nov 5
