DIRS.INFO The most relevant business & tech news

As investors bet on a milder inflation outlook, the MSCI World Equity index (.MIWD00000PUS) rose to its highest so far this year. BOND YIELD BOUNCEU.S. government bond yields bounced back slightly on Friday after sharp declines earlier in the week. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 10.6 bps at 4.717%. "Getting the 3% (inflation reading) is one thing, getting back to 2% is going to be a much harder task," Villamin said. LOWER DOLLAR HOLDSThe dollar hovered near a 15-month low on Friday and was set for its biggest weekly decline since November after softening U.S. inflation data.

Persons: Brendan McDermid, Germany's DAX, Michele Morganti, Morganti, Norman Villamin, We're, Villamin, Brent, Lawrence Delevingne, Elizabeth Howcroft, Jan Harvey, Nick Macfie Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Wednesday U.S, JPMorgan Chase, UnitedHealth, Dow Jones, Nasdaq, Generali Investments, Treasury, Brent, Thomson Locations: New York City, U.S, Rome, Libya, Nigeria, Boston, London

☆ Airbus says engine maker Pratt facing problems with jet support
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 3 (Reuters) - The head of planemaker Airbus (AIR.PA) said on Wednesday U.S. engine maker Pratt & Whitney has been struggling to support its fleet of passenger jets with enough spare parts and engines. CEO Guillaume Faury declined comment on a decision by India's third-largest airline, Go First, to file for bankruptcy, which it blamed on problems with the durability of Pratt & Whitney's GTF engines on its Airbus 320neo jets. "This being said, there are issues with in-service support of the GTF that are leading to airlines having planes with temporary issues, and planes 'AOG' (grounded), and this is something that we are very closely monitoring," Faury told reporters during a results briefing. Raytheon Technologies (RTX.N) unit Pratt & Whitney did not immediately respond to a request for comment. Reporting by Tim HepherOur Standards: The Thomson Reuters Trust Principles.

☆ Chinese Authorities Question Bain Staff in Shanghai
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Authorities visited the Shanghai offices of Bain & Co. and questioned staff, the management-consulting firm said, becoming the latest foreign firm to be targeted in China where authorities have been increasing pressure on selected American and other Western businesses. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, previously reported by the Financial Times, which also said police took away computers and phones.

☆ Bain’s Staff in Shanghai Questioned as China Targets Foreign Businesses
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Chinese authorities questioned Shanghai workers at consulting firm Bain & Co., underlining the mounting uncertainties facing foreign executives and businesses operating in China after a series of detentions and investigations. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, earlier reported by the Financial Times, which also said police took away computers and phones.

Oil prices dropped almost 4% on Wednesday as jitters about a U.S. economic downturn overshadowed a larger-than-expected fall in U.S. crude inventories. The OPEC+ group of leading oil producers does not see the need for further oil output cuts but is always able to adjust its policy, Novak said. Data on Thursday showed U.S. economic growth slowed by more than expected in the first quarter, although jobless claims fell in the week ending April 22. Oil prices were also pressured as weak risk sentiment spread from the banking sector after First Republic Bank's continued slump. Analysts see weak refinery margins as a major contributor to the recent oil price decline, with oil broker PVM's Tamas Varga pointing to heating oil and gasoil as "the main possible culprit for the outsized weakness".

☆ GM Overtakes Toyota to Regain U.S. Auto-Sales Crown
▼ + stars: | 2023-01-04 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

The U.S. auto industry is poised for its worst year in more than a decade, as supply-chain snarls and poorly stocked dealerships dented sales for many car companies in 2022. Among the American auto makers, General Motors Co. said Wednesday U.S. sales rose 2.5% to 2.74 million for 2022 as it was able to recover from factory shutdowns earlier in the year that were due to parts shortages.

☆ Gold dips after Federal Reserve rate decision
▼ + stars: | 2022-12-14 | by ( ) www.cnbc.com time to read: +1 min

Gold jewelry at a store ahead of the festival of Diwali in New Delhi, India on Sunday, Oct. 23, 2022. Gold prices dropped on Wednesday U.S. Federal Reserve's decision to hike interest rates by 50 basis points. Lower rates tend to boost gold prices because they cut the opportunity cost of holding non-yielding bullion. That continues to be the main focus of many of these asset classes, including gold," High Ridge Futures' Meger said. Elsewhere, silver rose 0.86% to $23.9321 per ounce, platinum fell 0.45% to $1,029.6387 and palladium lost 0.81% at $1,914.18.

☆ Dollar steadies as U.S. spending points to rate hikes
▼ + stars: | 2022-11-17 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The Australian and New Zealand dollars fell slightly overnight, in response to the U.S. data, and were steady in morning trade on Thursday. The Japanese yen hovered at 139.25 per dollar, while the Chinese yuan nursed losses at 7.1033 per dollar after China's central bank promised to keep local liquidity ample and to guide commercial loan growth. The Aussie dollar didn't catch much of an immediate boost from stronger-than-expected jobs data. Comments from a number of Fed and other central bank officials will also be closely watched. Indonesia's central bank meets to set policy and a 50 basis point hike is expected.

☆ INDIA STOCKS Indian shares may open higher, tracking Asia
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 27 (Reuters) - Indian shares are poised to open higher on Thursday, tracking strength in Asian markets in the backdrop of growing expectation the U.S. Federal Reserve may tone down its aggressive stance on rate hikes. India's NSE stock futures, listed on the Singapore exchange , were 0.55% higher as of 0159 GMT, while the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), climbed 1.74%. India is the world's third-largest importer and consumer of oil, and a rise in crude prices have a direct impact on inflation. Foreign institutional investors sold a net 2.47 billion Indian rupees ($30.12 million) worth of equities on Tuesday, while domestic investors bought net 8.73 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ($1 = 82.0040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Wednesday U.S"

9 mentions found