PacWest shares slip as debt ceiling concerns overshadow asset sale optimism
(Reuters) -Shares of U.S. regional lender PacWest Bancorp fell nearly 2% on Wednesday, as investor optimism over its property lending…
Category: Economy
Oil rises as US gasoline supplies tighten, Saudi says: ‘watch out’
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning…
Treasury confirms U.S. default as early as June 1 without debt ceiling hike
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able…
BlackRock moves from ‘overweight’ to ‘neutral’ on credit
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are…
Take Five: More drama on the horizon
LONDON (Reuters) -There’s no shortage of events, data and high drama for markets in the days ahead. Wrangling over the…
Oil supply won’t be affected by stricter price cap enforcement – IEA
By Katya Golubkova and Sakura Murakami HIROSHIMA, Japan (Reuters) -The International Energy Agency (IEA) does not expect moves by the…
China’s exports to North Korea surge in April
BEIJING (Reuters) -China’s exports to North Korea soared in April from a year earlier, with wigs and fertiliser among major…
G7 tightens Russia sanctions, looks to cut China trade reliance
By Katya Golubkova and John Irish HIROSHIMA, Japan (Reuters) -Leaders of the world’s richest democracies acted on Friday to stiffen…