Market News

CANADA FX DEBT-C$ hits two-month low as oil losses extend

(Adds portfolio manager quotes and details throughout; updates prices) * Canadian dollar at C$1.2996, or 76.95 U.S. cents * Loonie touches its weakest since March 21 at C$1.3022 * The price of U.S. oil falls 2.1 percent * Bond prices higher across the yield curve By Fergal Smith TORONTO, May 28 (Reuters) - The Canadian dollar weakened to a more than two-month low against its U.S. counterpart on Monday as oil prices fell and investors bet that the Bank of Canada will lag

UPDATE 4-Colombia heads for divisive runoff with peace deal at stake

BOGOTA, May 28 (Reuters) - Colombia headed for its most divisive presidential race in decades after right-winger Ivan Duque won Sunday's first-round vote, triggering a runoff with leftist Gustavo Petro that could upset a historic peace deal or see a reversal in business-friendly policies.

UPDATE 2-US and EU again at odds over Airbus subsidies at WTO

GENEVA, May 28 (Reuters) - The European Union told the World Trade Organization's dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.

Advisor to right-wing Brazil candidate says privatize it all

RIO DE JANEIRO, May 28 (Reuters) - Brazil should privatize everything from lender Banco do Brasil to oil company Petróleo Brasileiro SA, the main economic adviser to leading presidential candidate Jair Bolsonaro told Reuters, underscoring the far-right congressman's overtures to the business community.

UPDATE 1-Petrobras plunges as Brazil offers deal to end truckers' strike

BRASILIA/SAO PAULO, May 28 (Reuters) - Petrobras shares fell as much as 9 percent on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy.

US, EU again at odds over Airbus subsidies at WTO

GENEVA, May 28 (Reuters) - The European Union told the World Trade Organization's dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.

Money

U.S. bank stock gains may stall after two-year rally

(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.