 | | | | (Reuters) -Treasury Secretary Janet Yellen said on Wednesday it is important to "look carefully" at systemic risks posed by asset managers, including BlackRock Inc, but said designating them as systematically important financial institutions may not be the right approach. | | | | | | The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal. | | | | | | The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. | | | | | | Wall Street's appetite for new special purpose acquisition companies (SPACs) shows signs of waning. | | | | | | Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week. | | | | | | Fourteen U.S. states including Louisiana and Wyoming filed lawsuits on Wednesday against President Joe Biden's administration, challenging his pause on new oil and gas leasing on federal lands and waters. | | | | | | The S&P 500 and the Dow edged higher on Wednesday on rising financial and industrial stocks as Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen expressed optimism about the recovery outlook from the coronavirus pandemic. | | | | | | Italy's Leonardo shelved a listing of its U.S. electronics unit DRS in a surprise move that sent shares in the defence and aerospace firm down on Wednesday. | | | | | | NEW YORK (Reuters) -Global equities dipped and the dollar hovered near four-month highs on Wednesday as concerns about extended economic lockdowns in Europe and the potential for higher taxes in the United States weighed on investor sentiment. | | | | | | JPMorgan Chase & Co named Jennifer Roberts as its new chief executive of consumer banking on Wednesday, according to an internal memo seen by Reuters. | | | | | | Treasury Secretary Janet Yellen said on Wednesday it is important to "look carefully" at systemic risks posed by asset managers, including BlackRock Inc, but said designating them as systematically important financial institutions may not be the right approach. | | | | | |
