Tuesday, October 5, 2021

Reuters Global Investor: What to watch for market stress as the U.S. debt ceiling deadline nears

What to watch for market stress as the U.S. debt ceiling deadline nears

Worries about the debt ceiling are beginning to rattle investors as the deadline nears for Congress to raise the U.S. borrowing limit to avoid a historic default on U.S. debt.

Banks make slow progress on UK gender pay, while gap widens for insurers

Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards.

Cryptocurrencies post 5th straight week of inflows -CoinShares

Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday.

BlueBay, Blackrock, Ashmore and UBS exposed to Evergrande -Morningstar

BlackRock Inc and Royal Bank of Canada's BlueBay Asset Management are among asset managers exposed to embattled developer China Evergrande Group , while TCW and HSBC funds have closed positions, researcher Morningstar said.

Wells Fargo to pay $37.3 mln to settle U.S. claims it fraudulently overcharged customers

Wells Fargo & Co will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank's treatment of customers.

MOVES Morgan Stanley Asia veteran Christianson retires - memo

Morgan Stanley's Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters.

As Americans spend, credit card debt is ticking back up

Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt.

Prudential eyes $2.41 bln raising in Hong Kong share sale - sources

Prudential is seeking to raise $2.41 billion by pricing its stock at HK$143.8 each in its Hong Kong share sale, according to two sources with direct knowledge of the matter.

U.S. SEC delays certain assets from enforcement actions under new disclosure rule

The U.S. Securities and Exchange Commission (SEC) said on Friday that it would delay enforcement of certain assets from a new disclosure rule for off-exchange securities until Jan. 3, 2022.

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.

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