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US equity funds draw big inflows on bank earnings, rate cut hopes

GRAPHIC-US equity funds draw big inflows on bank earnings, rate cut hopes Oct 18 (Reuters) - U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation . According to LSEG data, U.S.
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Elisa slumps on unexpected Q3 revenue fall, churn rate increase

BUZZ-Elisa slumps on unexpected Q3 revenue fall, churn rate increase ** Elisa ELISA.HE shares fall almost 6% as the Finnish telecom's Q3 revenue misses expectations, while the churn rate increase in Finland worries ** Elisa's Q3 net sales fell 1.6% to EUR 536 mln and missed consensus cited by J.P.Morgan by 3.2% ** Kepler Cheuvreux analyst Kristoffe
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Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers

Hong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers By Scott Murdoch and Kane Wu SYDNEY/HONG KONG, Oct 18 (Reuters) - Hong Kong has recorded its busiest week for new IPO launches in almost two years with deals opened to raise up to $1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing.
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US regional banks capitalize on rising deal fees to counter high deposit costs

RPT-WRAPUP 2-US regional banks capitalize on rising deal fees to counter high deposit costs Repeats story with no changes Investment banking drives profit beat Deposit costs weigh on net interest income Loan loss provisions rise By Niket Nishant and Manya Saini Oct 17 (Reuters) - U.S. regional banks' profits outdid Wall Street expectations in the third quarter as their investment banking fees surged from a revival in dealmaking and helped offset higher deposit costs.
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JPMorgan - Elected Brad Smith As A Director, Effective January 21, 2025

BRIEF-JPMorgan - Elected Brad Smith As A Director, Effective January 21, 2025 Oct 17 (Reuters) - JPMorgan Chase & Co JPM.N : JPMORGAN - ELECTED BRAD SMITH AS A DIRECTOR, EFFECTIVE JANUARY 21, 2025 Source text for Eikon: [ID:n0000019617-24-000595] Further company coverage: JPM.N
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US regional banks capitalize on rising deal fees to counter high deposit costs

WRAPUP 2-US regional banks capitalize on rising deal fees to counter high deposit costs Adds analyst quotes, provision details in paragraphs 13-16, graphics on results and stock performance Investment banking drives profit beat Deposit costs weigh on net interest income Loan loss provisions rise By Niket Nishant, Manya Saini Oct 17 (Reuters) - U.S.
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El Salvador closes world's largest debt buyback for river conservation 

El Salvador closes world's largest debt buyback for river conservation  El Salvador's over $1 bln debt buyback funds Lempa River conservation Debt-for-nature deals help poorer nations fund conservation Swap frees up $352 mln for conservation By Virginia Furness LONDON, Oct 17 (Reuters) - El Salvador has sealed a new-style debt buyback deal where savings generated will be used to fund conservation of the country's main river and its watershed.
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with Citigroup's EUR/USD forecast Oct 17 (Reuters) - The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation had eased.
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Northvolt co-founder, Swedish funds may inject cash, broadcaster reports

UPDATE 1-Northvolt co-founder, Swedish funds may inject cash, broadcaster reports Adds comment from Northvolt in paragraph 10 COPENHAGEN, Oct 17 (Reuters) - A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources.
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Northvolt co-founder, Swedish funds may inject cash, broadcaster reports

Northvolt co-founder, Swedish funds may inject cash, broadcaster reports COPENHAGEN, Oct 17 (Reuters) - A co-founder of struggling Swedish battery maker Northvolt is willing to inject 100 million crowns ($9.50 million) in the group and may be joined by pension funds AMF and AP, broadcaster SVT reported late on Wednesday, citing unnamed sources. Northvolt is in talks with investors and lenders to secure short-term funding of some 200 million euros ($217 million), three people familiar with the ma
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JPMorgan enters Australian payments as competition heats up - AFR

MEDIA-JPMorgan enters Australian payments as competition heats up - AFR -- Source link: https://tinyurl.com/4f45zkvn -- Note: Reuters has not verified this story and does not vouch for its accuracy
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JPMorgan wraps up $1 bln debt-swap deal for El Salvador - Bloomberg News

MEDIA-JPMorgan wraps up $1 bln debt-swap deal for El Salvador - Bloomberg News -- Source link: https://tinyurl.com/378stu2r -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Inflation cools, TSMC offers AI weather vane

MORNING BID ASIA-Inflation cools, TSMC offers AI weather vane By Jamie McGeever Oct 17 (Reuters) - A look at the day ahead in Asian markets. Markets across Asia should open on a firm footing on Thursday, supported by a rebound on Wall Street and softer Treasury yields the day before, and growing signs that global inflationary pressures are broadly easing.
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U.S. STOCKS Wave Life Sciences, Dominion Energy, Voyager Therapeutics

BUZZ-U.S. STOCKS ON THE MOVE-Wave Life Sciences, Dominion Energy, Voyager Therapeutics Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq were little changed on Wednesday, with declines in heavily weighted technology megacaps limiting gains as investors turned to small-cap and financial stocks after a slew of upbeat bank earnings.
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Boeing hones $15 billion financing plan to weather crises, sources say

UPDATE 4-Boeing hones $15 billion financing plan to weather crises, sources say Boeing plans to raise $15 billion via stock and hybrid bonds -sources Also considering structured finance transaction to raise $5 billion - source Company faces regulatory scrutiny, production curbs and customer confidence loss Planemaker's investment grade rating is in peril Adds consideration of structured finance deal in paragraph 3 By Shankar Ramakrishnan, Echo Wang and Tim Hepher Oct 16 (Reuters) - Boeing BA.N i
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US banks rise as top lenders surpass Q3 profit estimates

BUZZ-US banks rise as top lenders surpass Q3 profit estimates ** U.S. banking index tracking .BKX large-cap stocks up ~1.7% after Morgan Stanley's MS.N Q3 results ** MS last up ~6.6% after hitting record high earlier in the session as its Q3 profit beat estimates on a rebound in dealmaking and debt underwriting ** "The stars are aligning for the business.
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JPMorgan plans risk transfer linked to $3 billion loan portfolio - Bloomberg News

MEDIA-JPMorgan plans risk transfer linked to $3 billion loan portfolio - Bloomberg News -- Source link: https://tinyurl.com/2ycjem97 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Boeing closes in on $15 billion financing via stock, hybrid bonds

Boeing closes in on $15 billion financing via stock, hybrid bonds Oct 16 (Reuters) - Boeing BA.N is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike , four sources familiar with the matter told Reuters. The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk.
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Jamie Dimon charts JPMorgan expansion plan into Africa

EXCLUSIVE-Jamie Dimon charts JPMorgan expansion plan into Africa Adds Nairobi dateline, context in paragraph 18-19 JPMorgan to enter Kenya and Ivory Coast this year Challenges include competing with local and regional lenders Focus on commercial and investment banking, treasury services Global banks navigate geopolitical risks in Africa By Nupur Anand, Duncan Miriri NEW YORK/NAIROBI, Oct 16 (Reuters) - JPMorgan Chase JPM.N , the largest U.S.
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Euro zone bond yields slide to more than one-week low ahead of ECB meeting

REFILE-Euro zone bond yields slide to more than one-week low ahead of ECB meeting Adds dropped word in headline By Medha Singh Oct 16 (Reuters) - Euro zone bond yields eased to a more than one-week low on Wednesday, ahead of a widely expected interest rate cut from the European Central Bank . Germany's 10-year bond yield DE10YT=RR , the benchmark for the bloc, dipped 5 basis points (bps) to 2.18%, its lowest since Oct.
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