Harry Sloan, Jeff Sagansky scrap IPO plans for SPAC venture

Blank-check firm Spinning Eagle Acquisition Corp, backed by former Hollywood executives Harry Sloan and Jeff Sagansky, on Wednesday filed to withdraw its U.S. initial public offering of up to $2 billion.

newspaper

06-04-2022

Instant View: March FOMC minutes - Balance sheet reduction could start in May

Federal Reserve officials "generally agreed" last month to trim $60 billion per month from the U.S. central bank's Treasury holdings and $35 billion from its holdings of mortgage-backed securities, with the amounts phased in over a period of three months "or modestly longer," according to minutes of the March 15-16 policy meeting.

newspaper

06-04-2022

European shares slump as U.S. rate hike, sanctions anxiety weigh

European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting growth and more Western sanctions on Russia further stoking inflation.

newspaper

06-04-2022

Inflation in Russia hits 7-yr high, prices jump 10% in year-to-date

(Reuters) -Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions.

newspaper

06-04-2022

Analysis-Rising rates to cool Ontario housing market more than pre-election promises

With an election looming, Canada's province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.

newspaper

06-04-2022

Hungary's Orban aims to keep price caps alive, flags windfall taxes

BUDAPEST (Reuters) -Hungary will aim to keep price caps in place beyond their looming expiry in the first half of 2022 unless inflation eases significantly, Prime Minister Viktor Orban said on Wednesday, as he unveiled the main economic priorities of his next government.

newspaper

06-04-2022

Barkin: Fed has time to reach a more neutral rate given ongoing pandemic effects

The Federal Reserve "has some time" to raise rates towards a more neutral level, Richmond Fed President Thomas Barkin said Wednesday, a counter to calls for a faster pace of rate increases beginning at the upcoming May Fed meeting.

newspaper

06-04-2022

Rusal exports first Guinea bauxite in nearly a month, data shows

Russian aluminium giant Rusal, whose global operations have been hobbled by the war in Ukraine, has exported its first bauxite shipment from its mines in Guinea in nearly a month, an analysis of shipping data showed on Wednesday.

newspaper

06-04-2022

China's widening COVID curbs exact mounting economic toll

China's top European business group warned on Wednesday that its "zero-COVID" strategy was harming the attractiveness of Shanghai as a financial hub, echoing analysts voicing caution over the mounting economic toll of the country's coronavirus curbs.

newspaper

06-04-2022