Reuters Business: Bond investors go for safety, brace for ultra-hawkish Fed

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Reuters Business   Tweet       Share Bond investors go for safety, brace for ultra-hawkish Fed The Federal Reserve's well-telegraphed plan to hike interest rates by half a percentage point on Wednesday and start reducing its balance sheet has failed to ease inflation and growth worries, prompting bond investors to seek safety by adjusting the duration of their portfolios. Goldman Sachs slashes credit exposure to Russia Goldman Sachs Group Inc reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a regulatory filing on Monday. Apple hit with EU antitrust charge over its payment technology EU antitrust regulators charged Apple on Monday with restricting rivals' access to its NFC chip technology in a move that could result in a hefty fine for the iPhone maker and force it to open its mobile payment system to competitors. G-III Apparel to buy Karl Lagerfeld brand in $210 mln all-cash deal G-III Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand. Amazon to get hearing that could overturn NY union vote Amazon.com Inc's objections to a landmark union election at a company warehouse in New York City justify a hearing that could overturn the result, a U.S. National Labor Relations Board (NLRB) official said. Deliveroo suspends pay cut for UAE delivery riders after rare worker strike Deliveroo has suspended plans that would cut rider earnings in the United Arab Emirates after a rare strike by foreign delivery workers in the Gulf Arab state over working conditions disrupted services on Sunday. The Fed wants to cool the U.S. housing market. Here's what that feels like In mid-April, months into an increasingly frustrating house hunt, Harsh Grewal and his wife settled on a place in a San Francisco suburb and were prepping a bid, above the listed price so they'd have a chance of besting other offers in one of the nation's hottest housing markets. The New Jet Set: How the COVID-driven boom in private jets is still flying high Guy Stockbridge runs multiplebusinesses from his headquarters in central California, including landscape companies that ripple across his home state and a utility solar business with operations in 17 states. Qantas bets on Sydney-London non-stop with Airbus order High fuel costs and low cabin density mean a sizeable revenue premium is required to make Qantas's non-stop flights viable. Berkshire shareholders look beyond Warren Buffett, Charlie Munger Berkshire Hathaway Inc shareholders face a question that Warren Buffett sought to tackle at the company's annual meeting: How will Berkshire fare when he's no longer around? Related Videos Qantas gears up for world's longest non-stop flight How green is your new German car? Business calendar: central bank bonanza Sponsors are not involved in the creation of these or any other Reuters news articles. Get Reuters News App To manage which newsletters you're subscribed to, click here. Want to stop receiving this email? Unsubscribe here. To contact us with feedback, reply to this email.                      © 2022 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Privacy Policy    |   Terms and Conditions