S&P 500 dips, Treasury yields rise and dollar rallies following robust U.S. jobs report

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as … Read more

UK Treasury plans to levy more corporation tax from sovereign funds

The UK government is proposing to make sovereign wealth funds pay corporation tax on property and commercial enterprises, in a move some tax experts say could deter foreign investment in Britain. The Treasury launched a consultation this week on plans to bring the tax treatment of SWFs, which include some of the largest global investors, … Read more

UK science minister in dispute with Treasury over post-Brexit funding

Science minister George Freeman is locked in a struggle with the Treasury over post-Brexit research funding as fears grow of a “brain drain” if Britain fails to forge new global science collaborations. Allies of Freeman say he fears that Treasury “penny-pinching” could undercut his attempt to devise a Plan B in the event that UK … Read more

Treasury rakes in 50pc more stamp duty at start of 2022

HM Treasury collected almost £6.2bn in revenue from stamp duty land tax in the first five months of 2022, according to the latest government statistics. This is a significant 47% increase on the same period last year, when the total raised was £4.2bn — according to analysis of HMRC receipts by Coventry Building Society.  Last … Read more

Stocks, US Futures Rise; Treasury Yields Advance: Markets Wrap

(Bloomberg) — Stocks climbed in Asia on Tuesday, US equity futures pointed higher and Treasuries retreated amid steadier investor sentiment compared with last week’s rout in global shares. Most Read from Bloomberg MSCI Inc.’s Asia-Pacific index snapped an eight-day slide. Japanese and Hong Kong equities led gains, while China was more subdued as traders assessed … Read more

Stocks rally, Treasury yields rise after Fed lifts rates by 75 bps

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — Global stocks rallied and government bond yields and the dollar retreated from multi-year highs on Wednesday as investors cheered the Federal Reserve’s decision to raise interest rates by three-fourths of a percentage point, the biggest increase since 1994. Investors … Read more

US Treasury bonds storm eases slightly but bear market still on prowl

By Sujata Rao and Scott Murdoch LONDON/HONG KONG (Reuters) – World shares inched higher and Wall Street was tipped for a stronger open on Tuesday, as U.S. Treasury yields steadied at multi-year highs following the worst selloff in years. Monday’s selloff confirmed a so-called bear market for the U.S. S&P 500 equity … Read more

India among 12 economies on currency Monitoring List’ of US treasury

India on Friday remained on the US treasury department’s currency Monitoring List of major trading partners as Washington placed India along with 11 other major economies that merit close attention to their currency practices and macroeconomic policies. The countries are China, Japan, South Korea, Germany, Italy, India, Malaysia, Singapore, … Read more