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World shares held just below recent record highs on Monday as the revival of U.S./Canada trade talks helped risk sentiment, while the dollar dipped on the prospect of this week’s U.S. jobs data ushering in an earlier Fed rate cut. Canada on Sunday said it had rescinded its digital services tax in a bid to …
World Shares Hover Near Record Highs as US-Canada Trade Talks Revived Read More »
By Jamie Mcgeever (Reuters) – As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won’t – come together after July 9, when Washington’s pause on its “reciprocal tariffs” expires. But if investors are wrong-footed, which trades will be …
Hawkish Fed Could Inflict Markets’ Biggest ‘Pain Trades’: McGeever Read More »
The U.S. dollar is on course for its worst first half year since 1973, as it plummeted again on Thursday amid rising expectations for Federal Reserve easing and statements from President Donald Trump about his pick for the next Fed chair. I’ll discuss this and the rest of the market news below. Make sure to …
By Lucia Kassai and David Marino The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in the higher prices, keeping some traders up late into the night. AEGIS Hedging Solutions LLC, a Woodlands, Texas-based firm that helps …
Oil Price Surge Sparks Burst of Hedging Among Shale Drillers Read More »
By Heidi Taksdal Skjeseth An offshore oil drilling platform in Norway. Photographer: Carina Johansen/Bloomberg Of all the world’s sovereign wealth funds, Norway’s is one of the most unusual. These giant, state-linked investment vehicles tend to pick and choose what assets they hold to manage risk, maximize returns and further national strategic interests. Not so with …
How Sparsely Populated Norway Amassed $1.8 Trillion Read More »
By Sybilla Gross and Yongchang Chin Goldman Sachs Group Inc. touted gold and oil as hedges against inflation in long-term portfolios, citing the appeal of bullion as a haven amid concerns over US institutional credibility and crude’s ability to protect against supply shocks. Analysts including Daan Struyven said investors with so-called 60/40 portfolios — an …
Goldman Urges Investors to Buy Gold and Oil as Long-Term Hedges Read More »
Who knew the three judges at the rather obscure United States Court of International Trade had the power to spark a rally in global stock markets and shove the dollar higher against its safe-haven peers? Early in the Asian trading day, news broke the court had declared President Donald Trump’s April 2 tariffs to be …
MARKETS REACT: Markets Hope Trump Tariffs Stay ‘Unlawful’ Read More »
The vast majority of President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. A panel of three judges at the US Court of International Trade in Manhattan issued a unanimous ruling Wednesday which sided with Democratic-led states and small businesses that accused …
TRUMPED! Trump’s Global Tariffs Deemed Illegal, Blocked by Trade Court Read More »
May 19 (Reuters Breakingviews) – Elliott Investment Management’s next big move at BP is installing board leadership it likes. The U.S. activist, which now holds 5% of the struggling $78 billion oil major, understandably wants a swift replacement for departing Chair Helge Lund. While suitable candidates aren’t exactly abundant, some exist. The sooner a new …
How BP Top Brass Can Get an Elliott-Backed Revamp Read More »
Chairman after vice chairman Greg Abel takes over as CEO. Summary • Buffett’s decision to give up CEO job ‘a shocker’ • Buffett could serve as mentor, help in acquisitions • Stock price falls 5% though Abel’s ascension was expected (Reuters) – Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman …
Warren Buffett to Remain Berkshire Chairman but Shares Fall after Greg Abel Named CEO Read More »
