News Highlights: Top Financial Services News of the Day - Thursday at 11 AM ET

Elliott and Warren Buffett Are Now Both Bullish on Japan 
 

Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week.

 
The Treasurys Market Is Getting Squeezed From All Sides 
 

Inflation and deficits are lifting yields and jarring the stock market.

 
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening. 
 

Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meeting

 
Standard Chartered Posts Higher Profit on Trading Gains 
 

The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.

 
ING Continues Buybacks to Boost Captial Ratio 
 

ING shares rose after the Dutch lender said it plans to buy back up to EUR2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates.

 
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat 
 

Some analysts warn of limits as to how long the central bank can keep interest rate increases off the table.

 
Financial Services Roundup: Market Talk 
 

NAB, CIMB Group and more in the latest Market Talks covering Financial Services.

 
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says 
 

Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having 'more traction' than in the U.S.

 
NAB's Profit Falls; Increases Share Buyback 
 

Australia's second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million.

 
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says 
 

The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank.

(END) Dow Jones Newswires

May 02, 2024 11:15 ET (15:15 GMT)

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