Friday 24 September 2021

Reuters Business: Wall St Week Ahead Fed's coming taper fans talk of renewed 'reflation' trade

Wall St Week Ahead Fed's coming taper fans talk of renewed 'reflation' trade

The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021.

Bulk of S&P 500 embraces sustainable accounting standard, foundation says

More than half of companies in the S&P 500 now use a common standard from the Value Reporting Foundation to report on topics like carbon emissions and energy management, indicating executives are paying more attention to an area likely to face new regulations soon, a foundation official said.

S&P 500 ends slightly up after bumpy week, but Nike drags

The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook offset a dive by Nike after the athletic wear company delivered a downbeat sales forecast.

Dollar climbs as Evergrande uncertainty percolates

The dollar rose on Friday and was poised for its third straight week of gains against a basket of major currencies, as uncertainty over beleaguered Chinese property developer Evergrande helped the greenback bounce back from a sharp decline in the prior session.

How to tell if Evergrande crisis is spilling beyond China

Worries surrounding debt-strapped property developer China Evergrande have put investors on guard for evidence that the crisis may be spilling over into broader markets.

Evergrande's billionaire boss exuded calm as crisis grew

Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande , was facing mounting pressure with debt repayments.

Nasdaq short interest down 0.07% in mid-September

Short interest on the Nasdaq fell 0.07% in the first two weeks of September, the exchange said on Friday.

Carnival says cruise bookings for 2022 second half above pre-pandemic levels

Carnival Corp , said on Friday cruise bookings for the second half of 2022 were ahead of pre-pandemic levels, in a sign the cruise operator expects a rebound in business as it restarts voyages globally.

Oil producer Canadian Natural Resources to require worker vaccinations

Canada's biggest oil producer, Canadian Natural Resources will require employees and contractors at Canadian sites to be vaccinated by Dec. 1, as the province of Alberta grapples with a deadly new wave of the COVID-19 pandemic.

Five facts about Huawei's CFO Meng

Huawei Technologies [RIC:RIC:HWT.UL] Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, concluding a process that should allow her to leave Canada.

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