Business

Asian stocks slip as U.S. rate risk sours sentiment, dollar holds gains

SYDNEY (Reuters) – Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally. The dollar held onto most of its overnight gains courtesy of higher Treasury yields, though the sudden shift to safety also spurred demand for the Japanese yen. E-Mini futures for the S&P 500 ...

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Safran sees quick rampup of Mexico composite fan blade plant

QUERETARO, Mexico (Reuters) – French aero engine maker Safran (SAF.PA) expects to be producing 20,000 composite fan blades for the LEAP jet engine by 2021 at its new plant in central Mexico’s Queretaro state, the company’s chief executive Philippe Petitcolin said on Wednesday. The composites plant, a joint $100 million investment with Albany International, was built to meet record order ...

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Asian stocks slip as U.S. rate worries sour sentiment

SYDNEY (Reuters) – Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally. The dollar held onto most of its overnight gains courtesy of higher Treasury yields, though the sudden shift to safety spurred demand for the Japanese yen. MSCI’s broadest index of Asia-Pacific shares outside ...

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Tight supply, rising prices undercut on U.S. home sales

WASHINGTON (Reuters) – U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. The supply squeeze and rising mortgage interest rates are stoking fears of a lackluster spring selling season. The second straight monthly drop in ...

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GE eyes $4 billion in asset sales, has no plans to sell stock: CFO

NEW YORK (Reuters) – General Electric Co (GE.N) has “line of sight” on the first $4 billion in asset sales under its plans for $20 billion in disposals, the company’s chief financial officer said on Wednesday, while dismissing talk about selling shares to raise capital. Chief Financial Officer Jamie Miller, speaking to an investor conference organized by Citigroup in Miami, ...

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Asia stocks slip as U.S. rate risk lifts bond yields

SYDNEY (Reuters) – Asian shares slipped on Thursday as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.35 percent in early trade, while E-Mini futures for the S&P 500 ESc1 lost 0.2 percent. Japan’s ...

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Wall Street falls as Fed minutes send bond yields higher

NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday in a rocky session after the release of the minutes from the Federal Reserve’s January meeting pushed yields on the benchmark 10-year U.S. Treasury note to a four-year high. After the Fed left interest rates unchanged in January, minutes showed the U.S. central bank’s rate-setting committee grew more confident in ...

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