newszine

Wall St. notches all-time highs on lingering rate-cut optimism

3 days ago DieselGasoil Comments Off on Wall St. notches all-time highs on lingering rate-cut optimism
NEW YORK (Reuters) – All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time, with the industrial Read More

FTSE hits nine-month high after Trump and Xi agree to resume talks

2 weeks ago DieselGasoil Comments Off on FTSE hits nine-month high after Trump and Xi agree to resume talks
By John-Paul Ford Rojas, business reporter The FTSE 100 has hit its highest level this year amid a global stock market rally after the US and China agreed to restart trade talks. London’s leading share index rose following the apparent rapprochement between Donald Trump and Chinese counterpart Xi Jinping, easing fears over the escalation of Read More

Gold soars to six-year high, stocks slide after Powell speech

3 weeks ago DieselGasoil Comments Off on Gold soars to six-year high, stocks slide after Powell speech
NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Risks to Wall Street’s rally abound despite record high

4 weeks ago DieselGasoil Comments Off on Risks to Wall Street’s rally abound despite record high
NEW YORK (Reuters) – The benchmark S&P 500 index hit a record high on Thursday as an almost giddy euphoria over the prospects of a U.S. interest rate cut fueled the appetite for equities, but there are plenty of pitfalls that could throw the stock market off course. FILE PHOTO: Street signs for Broad St. Read More

Instant view: Fed holds interest rates steady, sets up for cuts

4 weeks ago DieselGasoil Comments Off on Instant view: Fed holds interest rates steady, sets up for cuts
NEW YORK (Reuters) – The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. FILE PHOTO: The Federal Reserve building is pictured in Read More

Wall Street takes on long-term care payouts as insurers balk at costs

4 weeks ago DieselGasoil Comments Off on Wall Street takes on long-term care payouts as insurers balk at costs
NEW YORK (Reuters) – Some U.S. insurers are turning to Wall Street’s financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved. FILE PHOTO: A street sign is seen in front of the New York Stock Read More

Australia banking watchdog slaps compliance orders on AMP pension fund units

1 month ago DieselGasoil Comments Off on Australia banking watchdog slaps compliance orders on AMP pension fund units
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. REUTERS/David Gray SYDNEY (Reuters) – Australia’s banking watchdog on Friday said it had issued directions and license conditions on AMP Ltd’s pension fund units to force it to comply with regulations Read More