Morning Bid: Big Tech tanks, yen slide accelerates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are likely to open on the defensive on Thursday with sentiment badly dented by…
Economy
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Tesla expects slight growth in 2024 vehicle deliveries, shares jump
(Reuters) -Tesla said on Wednesday it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter as raw material costs…
Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked
By Pete Schroeder WASHINGTON (Reuters) – The chair of the Basel Committee on Banking Supervision (BCBS), the international regulatory body, on Wednesday defended its efforts to boost risk management standards…
NY Fed says banks obscuring commercial real estate risks by extending loan terms
By Michael S. Derby NEW YORK (Reuters) – Banks have been tweaking the terms of commercial real estate mortgages to obscure losses, and in delaying the day of reckoning, are…
BOJ chief says it is ‘still taking time’ to sustainably hit inflation goal
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday that underlying inflation has been rising slowly, but it was “still taking time” for the country…
UniCredit-Commerzbank deal should be judged on financial strength – Bank of Italy
(Reuters) – The European Central Bank should evaluate any deal between Italian lender UniCredit and Germany’s Commerzbank (ETR:CBKG) purely based on the solidity of the resulting bank rather than national…
US economic activity little changed in recent weeks, Fed survey shows
By Lindsay (NYSE:LNN) Dunsmuir (Reuters) – U.S. economic activity was little changed from September through early October while firms saw an uptick in hiring, continuing recent trends that have reinforced…
Economic activity little change, labor market strength continues: Fed
Investing.com — Economic activity was little changed since early September as some consumers growing more sensitive to price pressures even as teh labor market continued to show strength, according to the…
Bridgewater says Fed independence is a top concern in US election
By Carolina Mandl NEW YORK (Reuters) – Hedge fund Bridgewater Associates said the Federal Reserve independence is probably a top issue in the U.S. presidential election, according to a commentary…
G20 finance chiefs see ‘good prospects’ for global soft landing, draft communique says
By Marcela Ayres WASHINGTON (Reuters) -Finance chiefs from the leading developed and emerging economies see “good prospects” for a soft landing for the global economy, and they have committed to…