Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Canada’s CIBC ‘comfortable’ with mortgage book, watching for signs of stress
By Nichola Saminather TORONTO (Reuters) - Canadian Imperial Bank of Commerce is "comfortable" with the quality of its mortgage book, but is on the lookout for signs of stress, its chief risk officer s...
Jun 16, 2022
Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
By Jonathan Stempel NEW YORK (Reuters) - Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complain...
Jun 16, 2022
Russia’s Tinkoff introduces 3% commission on incoming SWIFT FX transfers
(Reuters) - TCS Group Holding, which runs Russian online bank Tinkoff, on Thursday said it was introducing a 3% commission on incoming SWIFT transfers in dollars, euros and pounds and setting a minimu...
Jun 16, 2022
Argentina hikes interest rate 300 basis points as inflation spirals
By Jorge Otaola BUENOS AIRES (Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserv...
Jun 16, 2022
ECB’s Lagarde vague on when, how anti-spread tool may kick in -sources
By Francesco Guarascio LUXEMBOURG (Reuters) -The head of the European Central Bank briefed euro zone finance ministers on Thursday on a planned tool to fight high spreads between bond yields of the bl...
Jun 16, 2022
Workers at Chile’s Codelco say strike imminent if investment demands not met
SANTIAGO (Reuters) - Workers at Chile's state-owned Codelco, the world's largest copper producer, will go on strike if they do not receive a favorable answer from the company's board of directors Frid...
Jun 16, 2022
Bridgewater bets $6.7 billion against European stocks
By Carolina Mandl NEW YORK (Reuters) -Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund fir...
Jun 16, 2022
As fuel prices surge, RV drivers take shorter trips, get vehicles delivered
By Doyinsola Oladipo NEW YORK (Reuters) - Recreational vehicle renters in the U.S. are planning trips closer to home or having fuel-gulping motor homes delivered to their final destination in an effor...
Jun 16, 2022
Analysis-Blown off course again, Fed policymakers see near-record uncertainty
By Ann Saphir and Lindsay Dunsmuir (Reuters) - Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published...
Jun 16, 2022
U.S. sustainable funds mark rare outflow in May
By Ross Kerber (Reuters) - Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursday, a break wi...
Jun 16, 2022
