Britain orders security investigation into Cobham-Advent deal

Britain orders security investigation into Cobham-Advent deal
FILE PHOTO: A Eurofighter Typhoon jet lands in Payerne, Switzerland April 12, 2019. REUTERS/Denis Balibouse LONDON (Reuters) – The $5 billion acquisition of British defence company Cobham (COB.L) by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation into the agreed deal. Business minister Andrea Leadsom has issued a European... Read More

From oil shocks to funding strains, Fed confronts new complexities

From oil shocks to funding strains, Fed confronts new complexities
WASHINGTON (Reuters) – The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks at... Read More

Explainer: The Fed has a repo problem. What’s that?

Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo... Read More

Exclusive: Where’s the beef? Argentine ranchers hope more is headed for China

Exclusive: Where’s the beef? Argentine ranchers hope more is headed for China
BUENOS AIRES/BEIJING (Reuters) – Cattle ranchers in Argentina, which recently edged out neighbor Brazil as the top exporter of beef to China, are hoping to build on that status by getting more local meatpacking plants approved by Beijing, industry officials and other sources told Reuters. FILE PHOTO: A cattle trader points at cattle for sale inside corrals at the Liniers... Read More

Oil steps back on Saudi supply reassurance, focus shifts to Fed

Oil steps back on Saudi supply reassurance, focus shifts to Fed
TOKYO (Reuters) – Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month’s end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock index outside a brokerage... Read More

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it
FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession forecast model showed a 58% chance of the economy being... Read More

Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

Oil recedes on Saudi supply reassurance, investor focus shifts to Fed
TOKYO (Reuters) – Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei... Read More

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars
TOKYO (Reuters) – China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. FILE PHOTO: An Air Liquide hydrogen station for hydrogen fuel cell cars is seen in Paris, France, October 13, 2016. REUTERS/Charles Platiau But to date,... Read More