NYSE-owner ICE to buy Black Knight in $13.1 billion deal

NYSE-parent Intercontinental Exchange said on Wednesday it would acquire Black Knight in a cash-and-stock deal that values the software and data analytics firm at $13.1 billion.

newspaper

04-05-2022

Instant View: Fed hikes 50 bp, Powell tamps down speculation of 75 bp hike

The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

newspaper

04-05-2022

Russia's Potanin dodges politics and sanctions to flourish

So far, at least, "Nickel King" Vladimir Potanin is Russia's ultimate survivor.

newspaper

04-05-2022

JPMorgan raises prime rate after Fed's interest rate move

JPMorgan Chase & Co said on Wednesday it would raise its prime rate by 50 basis points to 4%, effective Thursday.

newspaper

04-05-2022

Stocks take Fed rate hike in stride, crude jumps

NEW YORK (Reuters) -U.S. stocks initially rose and Treasury yields trimmed gains on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance in June.

newspaper

04-05-2022

U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting

Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month's meeting after the Federal Reserve lifted the rate by the same magnitude on Wednesday.

newspaper

04-05-2022

Binance registers with France crypto regulator, advances European plans

LONDON/PARIS (Reuters) -Cryptocurrency exchange Binance has registered with France's market regulator, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday, advancing the company's plan to make Paris its European base.

newspaper

04-05-2022

Instant View: Fed hikes 50 bp as expected, unveils balance sheet reductions

The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.

newspaper

04-05-2022

StanChart pay plans for top bosses pass; sizeable minority protest

LONDON (Reuters) -Standard Chartered's pay plans for top executives were approved by shareholders on Wednesday, but a sizeable minority of investors voted against the plans, after concerns were raised ahead of the bank's annual investor meeting.

newspaper

04-05-2022