S&P 500, Nasdaq 100, Dow Jones Technical Outlook Remains Positive
U.S. stocks continue to look poised to trade higher in the near-term, but overall the rally is likely to prove corrective and not the beginning of a new trend.
Asset managers race against the clock to meet derivatives rules
Asset managers are struggling to prepare for impending uncleared margin rules that are expected to drive up costs in the $12.4 trillion derivatives market.
FRTB implementation: How are market participants preparing?
As many global regions look to January 2025 for their FRTB implementation, firms are preparing for what is widely seen as a seismic change to the way they evaluate and measure market risk.
India Cenbank Acts to Enhance Foreign Fund Inflows, Stabilise Rupee
MUMBAI, July 6 Reuters India39;s central bank took a slew of measures on Wednesday to boost foreign exchange inflows, including allowing overseas investors to buy shortterm corporate debt and opening of more government securities under the fully accessible route. The steps came after the Reserve Bank of India39;s foreign exchange reserves fell by more than […]
Hungary Ramps Up Rates, Raises 1Week Depo Rate to 9.75
BUDAPEST, July 7 Reuters Hungary39;s central bank raised its oneweek deposit rate by a whopping 200 bps to 9.75 on Thursday , acting on its pledge to support local financial markets and respond to rising inflation risks. The forint plunged on Wednesday to record lows past 416 versus the euro and Hungarian government bond yields […]
Mexican UsedCar Startup Kavak Expands Outside Latin America
MEXICO CITY, July 6 Reuters Mexican usedcar platform Kavak is investing 180 million to open offices and make its platform available in four new countries, including Turkey its first location outside Latin America, the company said Wednesday. Kavak, which calls itself the largest preowned car operation in the world, will enter Colombia, Chile and Peru […]
LG sees DoubleDigit Cash Growth at Half Year
LONDON, July 7 Reuters British insurer Legal General expects to deliver doubledigit growth in cash and capital generation in the first half of the year and its operating performance is on track, it said on Thursday. LG39;s solvency ratio, a key measure of capital strength, rose to 215 at June 30, from 187 at endDec 2021, […]
Shell Boosts Oil and Gas Asset Value as Refining Soars
Shell upgrades assets value by up to 4.5 bln Refining margins nearly triple quarter on quarter Production dips due to maintenance LONDON, July 7 Reuters Shell said on Thursday said it would reverse up to 4.5 billion in writedowns on oil and gas assets after it raised its energy prices outlook following Russia39;s invasion of Ukraine. […]
Equinor sees Q2 Gas Derivatives Gain of Up to 550 mln
OSLO, July 7 Reuters Norway39;s Equinor said on Thursday its secondquarter results would be positively impacted by between 400 million and 550 million from trade in natural gas derivatives used to hedge its physical deliveries. The oil firm has earned record profits from soaring oil and gas prices and is widely expected to see a further […]
Brent Bounces above 101bbl as Focus Returns to Supplies
July 7 Reuters Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession. Brent crude futures rose 67 cents, or 0.7, to 101.36 a barrel by 0402 GMT […]