Procter & Gamble Co raised its annual sales forecast on Wednesday, as the consumer goods giant benefits from higher prices and resurgent demand for cleaning products due to a spike in COVID-19 infections. The company’s blue-chip stock rose nearly 1 percent in premarket trading as a better-than-expected 6 percent jump in quarterly sales helped cushion…
Caterpillar May Hike Prices Again, Experiencing Production Delays
Caterpillar Inc. said on Thursday that inflation may force it to further hike prices across the board as the manufacturer tries to navigate through production delays that resulted in the company’s first revenue miss this year. “This has been the first quarter where it (supply chain challenges) started to impact us significantly,” Chief Financial Officer…
Refinitiv Agrees to Pay a Civil Penalty of $650,000 for Failing to Report Certain Swap Data: CFTC
September 28, 2021
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WASHINGTON—The Commodity Futures Trading Commission (CFTC) on Monday said it has filed and settled charges against Refinitiv US SEF LLC., in the agency’s first-ever enforcement action against a swap execution facility over reporting violations. Refinitiv, which provides financial data and software to traders, banks and investors, has agreed to pay a civil penalty of $650,000…
Refinitiv Examines Changes to Key Daily Foreign Exchange Fixing Window
LONDON—Refinitiv is considering a series of changes to its daily foreign exchange (FX) fixing, including lengthening the trading window used to calculate it, a senior company executive said, amid industry concerns over the global benchmark which used to value trillions of dollars of assets. The 27-year-old WM/R benchmark, which is calculated by its owner Refinitiv,…
Hong Kong’s Strict Quarantine Rules Threaten to Erode Allure of Financial Hub
HONG KONG—Hong Kong’s government is facing growing pressure from business lobby groups to open borders or risk losing executives and investments as it shows no sign of easing one of the world’s strictest quarantine programs. Working on billion-dollar deals while locked in hotel rooms for three weeks is becoming common for bankers in Asia’s financial…
Statistics Canada Reports Economy Grew 0.4 Percent in October
OTTAWA—Statistics Canada says real gross domestic product grew 0.4 percent in October, its sixth consecutive month of growth. The increase followed growth of 0.8 percent in September. Economists had expected an increase of 0.3 percent for October, according to financial data firm Refinitiv. Both goods-producing and service-producing sectors were up overall in October, but the…
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