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100 Articles About interest rates

companyNews reuters.com

CORRECTED-UPDATE 2-Regions, SunTrust top profit estimates on higher interest rates

Jan 19 (Reuters) - Regions Financial Corp and SunTrust Banks Inc reported quarterly earnings on Friday that topped Wall Street expectations, benefiting from higher interest rates amid sluggish lending.

businessNews reuters.com

Wall St. treads water as rising interest rates balance tech growth

NEW YORK (Reuters) - Wall Street's main indexes seesawed in choppy trade on Thursday, as gains in tech stocks offset losses in interest-rate sensitive sectors.

companyNews reuters.com

US STOCKS-Wall St treads water as rising interest rates balance tech growth

* Dow down 0.19 pct, S&P up 0.02 pct, Nasdaq up 0.16 pct (Updates to late afternoon, changes byline, adds dateline NEW YORK)

companyNews reuters.com

Top Canadian banks raise prime rates after central bank rate hike

Jan 17 (Reuters) - Major Canadian banks on Wednesday raised their prime lending rates, a benchmark for a wide range of consumer and commercial loans, after the country's central bank raised interest rates for the third time in seven months.

businessNews reuters.com

Big U.S. lenders reap benefits of higher rates, but savers not so much

NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

companyNews reuters.com

Warning light: Mexican car sales slump ahead of election

MEXICO CITY, Jan 16 (Reuters) - Car dealerships in Mexico City have kicked off the new year offering "clearance sales" and free insurance as 2017 models collect dust on their lots, a reminder that consumer nerves over high interest rates could slow the economy ahead of elections.

Personal Finances nytimes.com

Your Money Adviser: Pay Down Those Credit Cards, Before Rates Rise Further

With the holidays behind us, now is the moment to wipe out balances — before interest rates continue their climb.

businessNews reuters.com

JPMorgan profit beats on higher interest rates; debt trading down

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.

topNews reuters.com

JPMorgan profit beats on higher interest rates; books tax charge

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit as gains in net interest income offset a slowdown in trading revenue.

companyNews reuters.com

UPDATE 1-JPMorgan profit beats on higher interest rates; books tax charge

Jan 12 (Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit as gains in net interest income offset a slowdown in trading revenue.

businessNews reuters.com

Blackstone's new insurance unit targets $100 billion in assets

(Reuters) - Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit's newly appointed chief said on Monday.

companyNews reuters.com

Blackstone's new insurance unit targets $100 bln in assets

Jan 8 (Reuters) - Blackstone Group wants to quadruple to $100 billion the assets it manages at its new unit for insurers as it seeks to boost returns for firms struggling under low interest rates, the unit's newly appointed chief said on Monday.

businessNews reuters.com

Williams paints benign picture of Fed rate hikes, strong U.S. economy

PHILADELPHIA (Reuters) - The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday.

companyNews reuters.com

WRAPUP 5-U.S. job growth cools as labor market nears full employment; wages up

WASHINGTON, Jan 5 (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

businessNews reuters.com

U.S. job growth cools as labor market nears full employment; wages up

WASHINGTON (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

companyNews reuters.com

WRAPUP 4-U.S. job growth cools as labor market nears full employment; wages up

WASHINGTON, Jan 5 (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

businessNews reuters.com

U.S. job growth cools as labor market nears full employment; wages rise

WASHINGTON (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

companyNews reuters.com

WRAPUP 3-U.S. job growth cools as labor market nears full employment; wages rise

WASHINGTON, Jan 5 (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

businessNews reuters.com

U.S. job growth slows in December; wages increase

WASHINGTON (Reuters) - U.S. job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March.

businessNews reuters.com

Solid U.S. job growth expected in December; wages seen rising

WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March.

businessNews reuters.com

U.S. private payrolls growth accelerates; jobless claims up

WASHINGTON (Reuters) - U.S. private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing to sustained labor market strength that likely keeps the Federal Reserve on course to increase interest rates in March.

PersonalFinance reuters.com

Column: For U.S. retirees, rising interest rates a double-edged sword

CHICAGO (Reuters) - U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of...

Automobiles nytimes.com

Auto Sales End a 7-Year Upswing, With More Challenges Ahead

The decline in 2017 came as fuel prices and interest rates began to turn higher.

businessNews reuters.com

Automakers post lower December U.S. sales; eye taxes, rate hikes

DETROIT (Reuters) - Most major automakers on Wednesday reported lower December U.S. sales despite hefty consumer discounts, as higher interest rates and a new tax code cast uncertainty over their prospects in 2018.

companyNews reuters.com

UPDATE 1-Automakers post lower December U.S. sales; eye taxes, rate hikes

DETROIT, Jan 3 (Reuters) - Most major automakers on Wednesday reported lower December U.S. sales despite hefty consumer discounts, as higher interest rates and a new tax code cast uncertainty over their prospects in 2018.

cnn.com

Should Trump get credit for stock market?

Harvard University economics professor Ken Rogoff says Trump can take some credit for the performance of the stock market, but most of the success is due to the uptick in the global growth and low interest rates.

businessNews reuters.com

Republican tax plan to dent U.S. home sales next year

(Reuters) - U.S. home sales will likely take a hit next year as middle-class Americans receive fewer perks under an overhaul of U.S. taxes and face rising home prices and interest rates, industry experts said.

businessNews reuters.com

Wall Street eases as investors look past tax revamp

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as excitement over the likelihood of a tax code revamp was offset by concern over its effect on years of monetary policy stimulus and the future of interest rates.

businessNews reuters.com

Asian shares rise amid U.S. tax cut hopes; China in focus

SYDNEY (Reuters) - Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country's central bank raised interest rates.

companyNews reuters.com

GLOBAL MARKETS-Asian shares rise amid US tax cut hopes; China in focus

SYDNEY, Dec 18 (Reuters) - Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country's central bank raised interest rates.

companyNews reuters.com

France moves to rein in corporate borrowing binge

PARIS, Dec 15 (Reuters) - France's financial stability council said on Friday that it planned to set a cap on large banks' exposure to highly indebted companies after big French firms binged on cheap debt in recent years amid record low interest rates.

companyNews reuters.com

EMERGING MARKETS-Brazil real sinks to 6-month low as pension vote delayed

(Updates prices) By Bruno Federowski SAO PAULO, Dec 14 (Reuters) - Brazil's real on Thursday sank to a nearly six-month low after lawmakers delayed a vote on a bill to cut social security benefits that is seen as a key measure to rein in the deficit. Mexico's peso sank nearly 0.8 percent, only briefly paring losses after the country's central bank raised interest rates, while Chile's peso gained more than 1 percent to a two-week high, helped by rising prices for copper, the country'

companyNews reuters.com

Nikkei slips, telecom shares slump on Rakuten market entry plan

TOKYO, Dec 14 (Reuters) - Japan's Nikkei share average slipped on Thursday, as banks and insurer shares weakened in line with lower interest rates while telecommunications shares withered on news that online retailer Rakuten plans to enter the mobile carrier market.

PersonalFinance reuters.com

Use balance transfers to start 2018 with path to pay off debt

NEW YORK (Reuters) - When the U.S. Federal Reserve raises interest rates, as it did on Wednesday by a quarter-percentage point, the first pinch consumers usually feel is higher interest rates on...

businessNews reuters.com

Fed lifts interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

businessNews reuters.com

Wall Street extends gains slightly after expected Fed rate hike

NEW YORK (Reuters) - The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

businessNews reuters.com

Fed raises interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

companyNews reuters.com

WRAPUP 3-U.S. core inflation slows, puts spotlight on 2018 interest rate outlook

WASHINGTON, Dec 13 (Reuters) - Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year.

companyNews reuters.com

GLOBAL MARKETS-Stocks worldwide reach highs; U.S. Treasury yields fall

* Fed widely seen hiking interest rates for third time in 2017

businessNews reuters.com

U.S. core inflation slows, puts spotlight on 2018 interest rate outlook

WASHINGTON (Reuters) - Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year.

companyNews reuters.com

WRAPUP 2-U.S. core inflation slows, puts spotlight on 2018 interest rate outlook

WASHINGTON, Dec 13 (Reuters) - Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year.

United States Economy nytimes.com

The Fed and Interest Rates: What to Watch For Today

The Federal Reserve is expected to raise its benchmark interest rate by a quarter point, and to issue a new economic forecast.

companyNews reuters.com

METALS-Copper edges higher ahead of expected U.S. rate hike

(Adds detail, updates prices) By Melanie Burton MELBOURNE, Dec 13 (Reuters) - London copper edged higher on Wednesday as the dollar eased after hitting one-month highs earlier on expectations that the U.S. Federal Reserve will raise interest rates for a fifth time since 2015. The dollar slipped against a basket of currencies after a Democrat won a bitter fight for a U.S. Senate seat in deeply conservative Alabama, reducing Republicans' already narrow Senate majority further. "Pr

businessNews reuters.com

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.

companyNews reuters.com

METALS-Copper largely steady ahead of expected U.S. rate hike

MELBOURNE, Dec 13 (Reuters) - London copper trading was little changed on Wednesday, as volumes thinned throughout the complex in the lead-up to holidays and ahead of a U.S. monetary policy meeting which may spell out higher interest rates. FUNDAMENTALS * LME: London Metal Exchange copper was up 0.1 percent at $6,666.50 a tonne, as of 0247 GMT, having closed little changed in the previous session. Prices have found a base around $6,500, but have run into resistance at the 10

businessNews reuters.com

S&P, Dow rise with help from banks, Nasdaq lags

(Reuters) - Wall Street stocks were higher on Tuesday afternoon with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the U.S. Federal Reserve's widely-expected hike in interest rates.

companyNews reuters.com

South Africa rand edges down as global risk appetite wanes

JOHANNESBURG, Dec 7 (Reuters) - The South African rand weakened on Thursday, as appetite for emerging market currencies globally was subdued with investors avoiding big bets ahead of employment data in the United States, seen as an indicator to the direction of interest rates.

topNews reuters.com

Fed rate expectations on the rise before tax cuts passed Senate: Reuters poll

BENGALURU (Reuters) - The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.

topNews reuters.com

Fed rate hike expected next week, three hikes expected in 2018: Reuters poll

BENGALURU (Reuters) - The U.S. Federal Reserve is almost certain to raise interest rates later this month, according to a Reuters poll of economists, a majority of whom now expect three more rate rises next year compared with two when surveyed just weeks ago.

PersonalFinance reuters.com

U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive...

businessNews reuters.com

Nasdaq falters as investors flee tech for banks

(Reuters) - The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.

businessNews reuters.com

Nasdaq stumbles as bets shift from tech to banks

(Reuters) - The Nasdaq was on pace for its biggest one-day drop in more than three months on Wednesday as investors bailed out of high-flying tech stocks and shifted bets to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes, and higher interest rates.

businessNews reuters.com

Fed should continue to raise rates slowly, Williams says

PHOENIX (Reuters) - With falling U.S. unemployment expected to put upward pressure on inflation, the Federal Reserve should keep raising interest rates gradually, San Francisco Federal Reserve President John Williams said on Wednesday.

topNews reuters.com

Fed chair nominee Powell says case for rate hike 'coming together'

(Reuters) - The U.S. Federal Reserve is likely to raise interest rates again next month, Fed chair nominee Jerome Powell signaled on Tuesday.

companyNews reuters.com

Alibaba affiliate Ant Financial bans high-interest loan products

HONG KONG, Nov 24 (Reuters) - Alibaba Group Holding Ltd affiliate Ant Financial has banned consumer loans with annual interest rates above 24 percent from its Alipay platform, a move which comes as China's government increases scrutiny of lightly regulated online lending.

businessNews reuters.com

Fed policymakers say rate increase likely warranted soon: minutes

WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.

companyNews reuters.com

EMERGING MARKETS-Argentina's Merval leads gains on high interest rates, oil prices

SAO PAULO, Nov 22 (Reuters) - Argentina's peso currency and Merval stock index registered solid gains on Wednesday after the nation's central bank held its benchmark interest rate and crude prices buoyed the nation's commodities-heavy equities market. On Tuesday evening, Argentina's central bank held its benchmark rate at 28.75 percent in order to fend of inflation that remains stubbornly high. That sent Argentina's peso up 0.22 percent and helped lift its main stock index more than

businessNews reuters.com

Fed close to goals, sees dual risks as it hikes rates: Yellen

NEW YORK (Reuters) - The Federal Reserve is "reasonably close" to its goals and should keep gradually raising U.S. interest rates to avoid the dual pitfalls of letting inflation drift below target for too long, and of driving unemployment down too far, Fed Chair Janet Yellen said on Tuesday.

companyNews reuters.com

Goldman Sachs sees Fed raising rates four times in 2018

NEW YORK, Nov 19 (Reuters) - Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.

companyNews reuters.com

EMERGING MARKETS-LatAm currencies firm as risk appetite revives

(Updates prices, adds quote, Venezuela debt development) By Bruno Federowski SAO PAULO, Nov 16 (Reuters) - Latin American currencies strengthened on Thursday as investors cautiously returned to emerging markets following a selloff in the previous session. Stronger-than-expected U.S. retail and inflation figures on Wednesday fostered expectations that the Federal Reserve could increase U.S. interest rates faster than expected, driving traders away from higher-yielding assets. But tha

companyNews reuters.com

Bradesco expects more demand from buyout firms in Brazilian M&As

NEW YORK, Nov 16 (Reuters) - Buyout firms' interest in Brazilian targets is growing stronger as interest rates head to all-time lows, a senior executive at the nation's No. 3 listed bank Banco Bradesco SA said on Thursday.

companyNews reuters.com

RPT-COLUMN-Yellen, Draghi, Carney and Kuroda walk into a conference...: McGeever

LONDON, Nov 10 (Reuters) - Although the process of raising interest rates and tightening monetary policy has begun, communication remains just as potent a weapon in central banks' arsenal as their policy actions.

businessNews reuters.com

Capital One exits mortgage loans business, cuts 1,100 jobs

(Reuters) - Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks.

companyNews reuters.com

Brazil's BB Seguridade sees private pension products leading growth

SAO PAULO, Nov 6 (Reuters) - Brazil's BB Seguridade Participações SA, the insurance arm of state-controlled Banco do Brasil SA, expects a pickup in the country's economic activity to compensate for falling interest rates and keep up profitability, Chief Financial Officer Werner Suffert told Reuters on Monday.

businessNews reuters.com

Central bankers on the move, but where's the inflation?

LONDON (Reuters) - Now the Bank of England has raised interest rates for the first time in a decade, it is beyond doubt major central banks in industrialized economies are eager to shift away from ultra-easy policy.

businessNews reuters.com

Bank of England takes slow lane after first rate hike since 2007

LONDON (Reuters) - The Bank of England raised interest rates for the first time in more than 10 years on Thursday but said it expected only "very gradual" further increases as Britain prepares to leave the European Union, sending sterling down sharply.

businessNews reuters.com

Bank of England sees only gentle rate rises ahead after historic hike

LONDON (Reuters) - The Bank of England raised interest rates for the first time in more than 10 years on Thursday, but sterling slid after the central bank said it expected only "very gradual" further increases as Britain prepares to leave the European Union.

businessNews reuters.com

Bank of England sees only gentle rises ahead after historic rate hike

LONDON (Reuters) - The Bank of England raised interest rates for the first time in more than 10 years on Thursday but sterling fell sharply as the central bank said it expected only "very gradual" further increases over the next three years.

businessNews reuters.com

Bank of England hikes rates for first time in a decade, sees only gentle rises ahead

LONDON (Reuters) - The Bank of England raised interest rates for the first time in more than 10 years on Thursday and said it expected only "very gradual" further increases over the next three years.

businessNews reuters.com

Bank of England set to raise rates for first time since 2007

LONDON (Reuters) - The Bank of England looks set to raise interest rates for the first time in more than 10 years on Thursday, despite economic growth appearing weaker than before any other increase in borrowing costs in the past two decades.

businessNews reuters.com

Fed keeps rates unchanged, remains on road to December hike

WASHINGTON (Reuters) - The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.

businessNews reuters.com

Wall St. edges higher after Fed holds steady on rates

(Reuters) - Wall Street banked modest gains on Wednesday after the U.S. Federal Reserve kept interest rates unchanged and gave encouraging comments about the economy.

businessNews reuters.com

Fed keeps rates unchanged, remains on road to December rate hike

WASHINGTON (Reuters) - The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.

businessNews reuters.com

Wall St. keeps modest gains as Fed stands pat on rates

(Reuters) - Wall Street held onto modest gains on Wednesday after the Federal Reserve kept interest rates unchanged, as major equity indexes hovered around record-high levels.

businessNews reuters.com

Fed leaves rates unchanged; 'solid' growth keeps December hike in view

WASHINGTON (Reuters) - The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December.

businessNews reuters.com

Wall St. holds slim gains as Fed stands pat on rates

(Reuters) - Wall Street held onto modest gains on Wednesday after the Federal Reserve kept interest rates unchanged, as major equity indexes hovered around record-high levels.

businessNews reuters.com

Fed set to hold rates steady ahead of Trump's leadership decision

WASHINGTON (Reuters) - The Federal Reserve is expected to keep interest rates unchanged on Wednesday as speculation swirls on who will be its next leader, but the U.S. central bank will likely point to a firming economy as it edges closer to a possible rate rise next month.

businessNews reuters.com

Place your bets for the Brexit rate hike

LONDON (Reuters) - To hear some economists talk, the Bank of England is about to make a big mistake - raise interest rates just as the economy heads into what could be a major storm.

companyNews reuters.com

US regional banks look to Fed to book further gains

Oct 25 (Reuters) - Higher interest rates and a tight lid on costs helped U.S. regional banks report profits above Wall Street expectations in the third quarter, but lack of further rate increases from the Federal Reserve could limit gains.

businessNews reuters.com

Deutsche Bank to pay $220 million in U.S. Libor probe

(Reuters) - Deutsche Bank AG has agreed to pay $220 million to settle U.S. regulatory charges that it defrauded government and nonprofit entities by manipulating Libor and other benchmark interest rates.

businessNews reuters.com

Deutsche Bank in $220 million rate-rigging settlement in U.S.

(Reuters) - Deutsche Bank AG has agreed to pay $220 million to settle charges by U.S. regulators that it fraudulently manipulated Libor and other benchmark interest rates.

domesticNews reuters.com

Creditors win closely watched appeal in Momentive bankruptcy

WILMINGTON, Del. (Reuters) - A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders.

companyNews reuters.com

UPDATE 1-KeyCorp's profit soars on higher interest rates

Oct 19 (Reuters) - U.S. regional bank KeyCorp reported quarterly profit that more than doubled as it reaps the benefit of its acquisition of First Niagara Financial Group and higher interest rates.

companyNews reuters.com

BNY Mellon posts higher profit in third quarter

Oct 19 (Reuters) - Bank of New York Mellon Corp reported a higher profit in the third quarter as its net interest revenue rose, benefiting from higher interest rates.

businessNews reuters.com

Fed's Yellen says watching inflation closely but economy is strong

WASHINGTON (Reuters) - The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on Sunday.

businessNews reuters.com

Bank of America profit rises on higher rates, lower costs

(Reuters) - Bank of America Corp reported a 15 percent rise in third-quarter profit on Friday as the lender kept a tight leash on costs and benefited from higher interest rates.

businessNews reuters.com

Consumer banking powers BofA profit beat

(Reuters) - Bank of America Corp's profit surged 15 percent in the third quarter as higher U.S. interest rates boosted income from consumer banking and the lender also met its own target on cost control.

businessNews reuters.com

BofA profit rises on higher rates, lower costs

(Reuters) - Bank of America Corp , the second-largest U.S. bank by assets, reported a 15 percent rise in quarterly profit as the lender kept a tight leash on costs and benefited from higher interest rates.

companyNews reuters.com

PRECIOUS-Gold rally pauses ahead of U.S. inflation data

Oct 13 (Reuters) - Gold prices were little changed amid a steady dollar on Friday, halting a five-day rally as investors wait for key U.S. inflation data for clues on the outlook for potential hikes in U.S. interest rates. FUNDAMENTALS * Spot gold was nearly unchanged at $1,293.76 an ounce at 0054 GMT after gaining for five straight sessions. * U.S. gold futures for December delivery were flat at $1,296.10 per ounce. * The dollar steadied in earl

businessNews reuters.com

Loan growth helps JPMorgan beat expectations despite trading decline

(Reuters) - JPMorgan Chase & Co easily beat Wall Street's third-quarter profit expectations on Thursday, with loan growth and higher interest rates more than offsetting weakness in its markets-related unit.

businessNews reuters.com

Bond trading slump clouds JPMorgan earnings beat

(Reuters) - JPMorgan Chase & Co's quarterly profit and revenue easily trumped Wall Street's expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates.

businessNews reuters.com

JPMorgan's profit rises, bond trading slumps

(Reuters) - JPMorgan Chase & Co , the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue.

companyNews reuters.com

EMERGING MARKETS-LatAm currencies up on doubts over Trump tax plan

By Bruno Federowski SAO PAULO, Oct 11 (Reuters) - Latin American currencies strengthened on Wednesday as doubts that President Donald Trump would push through his planned tax reforms fueled bets that U.S. interest rates will rise more slowly than expected. Trump's public feud with Tennessee Senator Bob Corker, an influential fellow Republican, raised concern among investors that his push for a tax-code overhaul could be harmed. Many investors say the tax changes could boost the

businessNews reuters.com

Fed must hike rates in face of hot U.S. labor market: Rosengren

MONTREAL (Reuters) - The Federal Reserve must respond to "very tight" U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.

companyNews reuters.com

Warsh seen breaking from current Fed policy stance -Nomura

NEW YORK, Oct 6 (Reuters) - A Federal Reserve led by Kevin Warsh would move the U.S. central bank away from its gradual approach towards raising interest rates and reducing its $4.5 trillion balance sheet, George Goncalves, head U.S. rates strategy at Nomura Securities International, said on Friday.

businessNews reuters.com

Dollar gains as Europe still struggles with Spain pains

LONDON (Reuters) - Record high world stocks fell for the first time in eight days on Friday, as jitters about Catalonia's push to separate from Spain returned to Europe and bets on higher U.S. interest rates sent the dollar to its highest since mid August.

businessNews reuters.com

Dollar gains as Europe struggles with Spain pains

LONDON (Reuters) - World stocks fell for the first time in eight days on Friday, as jitters about Catalonia's push to separate from Spain returned to Europe and bets on higher U.S. interest rates sent the dollar to its highest since mid August.

PersonalFinance reuters.com

Glimmers of 'reflation' trade in U.S. funds, but no love for stocks

NEW YORK (Reuters) - The Trump administration's highly anticipated tax plan spurred modest flows into funds that profit from higher interest rates and inflation, Lipper data showed on Thursday, but...

companyNews reuters.com

UPDATE 1-Glimmers of 'reflation' trade in U.S. funds, but no love for stocks

(Adds details on mutual funds and ETFs, analyst quote, table, byline) By Trevor Hunnicutt NEW YORK, Oct 5 (Reuters) - The Trump administration's highly anticipated tax plan spurred modest flows into funds that profit from higher interest rates and inflation, Lipper data showed on Thursday, but that resurgent "Trump trade" did not boost stocks. The White House outlined a proposal last week that would provide $5.99 trillion in tax cuts, according to the first detailed analysis of the

companyNews reuters.com

EMERGING MARKETS-Brazil stocks hit all-time high on economic optimism

By Bruno Federowski SAO PAULO, Oct 5 (Reuters) - Brazil's benchmark stock index on Thursday broke above the 78,000-point level for the first time ever, boosted by the outlook for an accelerating economic recovery and low interest rates. The Bovespa rose as much as 1.9 percent to 78,024, a new all-time high, extending the index's gains so far this month to 5 percent. Signs that Latin America's largest economy is emerging faster than expected from the deepest recession in a century hav