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Markets
USD/CAD holds steady above mid-1.3500s, focus remains glued to US CPI report
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USD/CAD enters a bearish consolidation phase near a…
Citgo valued at $32 billion-$40 billion ahead of auction of shares -court hearing
© Reuters. The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott
By Marianna Parraga and Tom Hals…
UPS estimates new contract with Teamsters to increase costs 3.3% By Reuters
© Reuters. A United Parcel Service (UPS) vehicle reverses into a facility in Queens, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly
(Reuters) -Parcel Service said on…
As T-bill yields climb, Fed’s reverse repo facility shrinks to lowest level in 1½ years
Yields on Treasury bills pushed above 5.4% on Tuesday to top what investors can earn by parking cash at the Federal Reserve’s reverse repo facility,…
Ten lessons from Zambia’s (incomplete) restructuring
Brad Setser is a senior fellow at the Council on Foreign Relations and a former Treasury Department official. Theo Maret is a research analyst at Global Sovereign Advisory…
US Senate’s Schumer plans to lead delegation to China, Japan, South Korea – Reuters
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According to Reuters, US Senate Majority Leader Chuck…
White House opposes bill to strip California of vehicle emissions authority
By David Shepardson WASHINGTON (Reuters) -The White House on Tuesday said it strongly opposes a Republican bill set to be voted on this week by the U.S. House of…
Dutch watchdog says Goldman had short position in Philips By Reuters
© Reuters. FILE PHOTO: People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo
AMSTERDAM…
Judge Finds Double-Dealing in Proposed SPAC Merger Involving Casino
A Delaware judge’s ruling last week found disturbing levels of double-dealing by the sponsors of a special-purpose acquisition company deal that bloomed, then…
FirstFT: BP chief steps down over past relationships with colleagues
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