(Reuters) - Royal Dutch Shell (LON:RDSa) said on Wednesday it would sell its Kaybob Duvernay assets in Alberta to Canada's Crescent Point Energy Corp for C$900 million ($709 million), the latest divestiture in the North American country by the European oil major. Top oil and gas producers across the globe have outlined plans...
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By Pete Schroeder (Reuters) - A Wall Street hedge fund manager, the chief executive of Robinhood and a YouTube streamer known as "Roaring Kitty" laid out their defense on Wednesday ahead of a grilling by lawmakers over the Reddit-fueled rally in retailer GameStop Corp (NYSE:GME). All three insisted that while the market turmoil around the stock was unprecedented, there was...
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By Liz Moyer Investing.com -- As bitcoin soared above $52,200 on Wednesday, central bankers confirmed the economic recovery will take some time, leaving no doubt rates will remain near zero amid massive moves to stimulate growth. The minutes of the Federal Reserve’s January rate-setting meeting said the economy is still far from employment and inflation goals. Retail sales rebounded in January, rising 5.3% from...
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DUBLIN (Reuters) - The board of British lender NatWest Group is set to decide on Thursday on a proposal to wind down its Ulster Bank subsidiary in the Republic of Ireland, the Irish Times reported on Wednesday citing unnamed sources. The newspaper reported that an announcement on the decision was scheduled to be made on Friday morning, when the lender is...
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(Bloomberg) -- U.S. Treasuries are in for more wild gyrations, with volatility markets signaling that the benchmark bond yield could surge or drop by almost 30 basis points in the next three months. The three-month implied volatility on 10-year swap rates -- a measure of how much bonds are expected to move -- jumped by the most since March on Tuesday, surpassing the...
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LONDON (Reuters) - S&P Global (NYSE:SPGI) said on Wednesday it will undertake a "case-by-case assessment" of countries seeking debt relief from private creditors using the G20 debt relief plan to determine if they've defaulted on their commercial debt. Both S&P and Fitch chopped Ethiopia's rating after Addis Ababa signalled it would be the first country with an international government bond, and not...
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By Yasin Ebrahim Investing.com - Federal Reserve policymakers believe it will likely "take some time" until the economy generates substantial growth that would allow the central bank to consider tightening monetary policy, according to the minutes of the central bank's last policy meeting released Wednesday. At the conclusion of its previous meeting on Jan. 27, the Federal Open Market Committee, the Fed's rate-setting...
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FRANKFURT (Reuters) - German conglomerate Thyssenkrupp (DE:TKAG) said on Wednesday it had ended talks to sell its steel division to Britain's Liberty Steel, citing differences over value and structure in a potential deal. "We regret this step because we perceived Liberty Steel as a serious partner in the process," Thyssenkrupp Chief Financial Officer Klaus Keysberg said in a statement. "Now it is...
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By Jonathan Stempel NEW YORK (Reuters) - A U.S. judge on Wednesday narrowed a long-running antitrust case where aluminum purchasers accused Goldman Sachs, JPMorgan Chase (NYSE:JPM) and the mining company Glencore (LON:GLEN) of conspiring to drive up the metal's price by reducing supply. U.S. District Judge Paul Engelmayer said many purchasers lacked...
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LONDON (Reuters) - Former Goldman Sachs (NYSE:GS) banker Richard Sharp has been confirmed as the new chair of Britain's BBC, the government said on Wednesday. The BBC chair, who is officially appointed by the queen on the recommendation of the government, is responsible for upholding and protecting the independence of the broadcaster. Sharp was offered the position last month. He...
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