By Reuters Staff
May 24 - A look at the day ahead from Danilo Masoni.
Taper talk is not going away and nor is Bitcoin volatility. But the global economy continues to steam on and COVID-19 infections are dropping, seemingly having peaked even in India.
So as the last full week of May kicks off, markets don’t look eager to move beyond well-trodden trading paths, perhaps reflecting investors’ wariness but also holidays in many parts of Europe.
Stock futures in Europe are up and Wall Street too looks set to hold ground after Friday’s a mixed show. The dollar is languishing just off three-month lows and, at 1.62%, 10-year U.S. yields are at the midpoint of their 11-week range bond investors may keep powder dry ahead of a series of Treasury auctions and Friday’s U.S. core PCE inflation reading.
Mexico's President Andres Manuel Lopez Obrador said on Monday that Royal Dutch Shell Plc has finalized the sale of a 100% stake in the Deer Park refinery in Houston to its joint-venture partner, the Mexican state oil firm Pemex.
By Reuters Staff
2 Min Read
LONDON (Reuters) - Belarus sovereign dollar-denominated bonds tumbled on Monday after authorities forced an airliner to land on Sunday, arresting a journalist on board and drawing condemnation from Europe and the United States.
The 2030 bond dropped more than 3 cents to trade at 90.869 cents in the dollar - the lowest level since the disputed August 2020 election roiled its debt, data from Tradeweb showed. The 2026 issue matched those falls.
Spreads of Belarus government bonds over safe-haven U.S. Treasuries have blown out by 37 basis points to 603 bps from Friday, as measured on the JPMorgan EMBI global diversified index.
2 Min Read
CAIRO (Reuters) -Egyptian investment bank EFG Hermes Holding is targeting minority stakes in start-ups after its acquisition of a majority stake in state-owned Arab Investment Bank (AIB), its chief executive said on Sunday.
FILE PHOTO: The building of EFG-Hermes, also known as Egyptian Financial Group Hermes Holding Co SAE, is seen at the Smart Village in the outskirts of Cairo, Egypt, October 27, 2015. REUTERS/Asmaa Waguih
The acquisition of the 51% stake, approved by the cabinet on Wednesday, will be finalised in the third quarter, CEO Karim Awad told Reuters.
It is Egypt’s first privatisation since 2006, when it sold a majority stake in Bank of Alexandria.
(Adds Saarikko’s comments)
HELSINKI, May 22 (Reuters) - Annika Saarikko, the leader of Finland’s Centre Party who will take over as finance minister next week, said on Saturday that there would be no major changes in policy when she replaces her party colleague, Matti Vanhanen.
“The policies of the Ministry of Finance will not change much. I think that we have already built many guidelines together with Vanhanen during my party leadership,” she told Reuters.
The party announced earlier on Saturday that Vanhanen will step down and be replaced next week by Saarikko, now science and culture minister.
The planned mid-term switch was agreed when Vanhanen took over here the position from Katri Kulmuni, who resigned in June 2020 after admitting she had used taxpayers money to pay for training in public speaking.