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Today: May 19, 2025
Today: May 19, 2025

economy

Economy|Finance|US

The number of Americans applying for jobless benefits inches up, but layoffs remain low

The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates

The number of Americans applying for jobless benefits inches up, but layoffs remain low
Africa|Economy|Election|Finance|News|Stock Markets

South African assets slip on uncertain election outcome

South Africa's currency, stocks and bonds fell on Thursday amid political uncertainty after election projections showed the African

South African assets slip on uncertain election outcome
Business|Economy|Food

Hardship, insecurity cloud Nigeria president's first year in office

Nigerian Josephine Akiga looks around her empty restaurant in Abuja, where a sole customer sits eating, longing for the days when the place

Hardship, insecurity cloud Nigeria president's first year in office
Business|Economy|Finance

Tax hikes to give Russia fiscal headroom to further increase spending

Russia's proposed tax hikes for companies and the wealthy, which may add an extra $30 billion to next year's budget revenues, will allow

Tax hikes to give Russia fiscal headroom to further increase spending
Business|Economy|News|US

US weekly jobless claims edge up in latest week

The number of Americans filing new claims for unemployment benefits ticked higher last week, but underlying strength in the labor market still shows signs of persisting and should continue

US weekly jobless claims edge up in latest week
Business|Economy|Finance|Stock Markets|US

Agitated markets wary of June heat

A look at the day ahead in U.S. and global markets from Mike Dolan This week's bout of bond market anxiety eased a touch on Thursday, but investors wary of heavy sovereign debt sales and election

Agitated markets wary of June heat
Americas|Business|Economy|Political|US

Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says

Prime Minister Justin Trudeau has told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products

Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says
Business|Economy|Food|US

Cargill lays off 5% of its workforce, with job cuts impacting thousands of employees globally

Agribusiness giant Cargill is laying off thousands of its employees

Cargill lays off 5% of its workforce, with job cuts impacting thousands of employees globally
Business|Economy|Europe|Finance|News|World

Governments seek to save global tax deal by end June

Nearly 130 countries recommitted on Thursday to save the first pillar of a global tax deal on highly profitable multinationals by the end of June, the co-chairs of a three-day

Governments seek to save global tax deal by end June
News|US

Fed's Goolsbee says inflation could still fall without rising unemployment

U.S.

Fed's Goolsbee says inflation could still fall without rising unemployment
Asia|Business|Economy|Finance|World

Column-Japan to keep record wealth overseas: McGeever

Japan solidified its status as the world's largest creditor last year as the country's net international investment position grew to a new all-time high

Column-Japan to keep record wealth overseas: McGeever
Asia|Economy|News

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing

Core consumer inflation in Japan's capital accelerated in May on rising electricity bills but price growth excluding the effect of fuel eased,

Mixed inflation data, soft output raise uncertainty on BOJ's rate-hike timing
Asia|Business|Economy|Finance|News

India's economy seen growing at slower pace in March quarter

India's economy is expected to have grown at a slower pace in the January-March quarter than the previous three months, dampened by a moderation in manufacturing

India's economy seen growing at slower pace in March quarter
Election|Europe

Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan

The optics of sterling hitting its highest since 2016's Brexit referendum after a surprise UK election announcement is hard to ignore - and may suggest hope at margin

Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan
Asia|Economy|Finance

Hong Kong April retail sales tumble 14.7% amid changing consumption pattern

Hong Kong's April retail sales fell 14.7% from a year earlier, partly due to a drop in visitor spending and a surge in outbound trips during the Easter holidays, government data

Hong Kong April retail sales tumble 14.7% amid changing consumption pattern
Business|Economy|Finance

Affordable housing to stay out of reach in major economies due to lack of supply: Reuters poll

Major economies grappling with housing crises will struggle to crank up the supply of affordable homes in coming years, according to a Reuters poll of property

Affordable housing to stay out of reach in major economies due to lack of supply: Reuters poll
Economy|Finance|News|US

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
Business|Economy|Finance|News

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says

Pakistan's Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%.

Pakistan growth target 3.6% next year, inflation to dip to 12%, ministry says
Asia|Business|Economy|Finance

South Korea exports rise for eighth month, growth slows slightly

South Korea's exports rose for an eighth straight month in May, led by robust chip sales though overall growth in shipments lagged market expectations, trade data showed on Saturday.

South Korea exports rise for eighth month, growth slows slightly
Asia|Election|News|World

What happens to the key promises of India PM Modi's party after a slimmer win?

Indian Prime Minister Narendra Modi will have to rely on regional allies to form the next government after his party failed to win a majority on its own, according to trends from

What happens to the key promises of India PM Modi's party after a slimmer win?
Business|News

OPEC+ extends deep oil production cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid

OPEC+ extends deep oil production cuts into 2025
Business|Economy|Finance|Stock Markets

Investors flock to Aramco share sale that could raise $13 billion

Saudi Arabia's sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off on Sunday, a

Investors flock to Aramco share sale that could raise $13 billion
Asia|Business|Economy

China's manufacturing surges, Caixin PMI shows, but global risks grow

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday,

China's manufacturing surges, Caixin PMI shows, but global risks grow
Economy|Finance|US

US dollar sinks to three-week low on signs of slowing economy

The dollar fell to a three-week low on Monday after data showed the U.S. economy is gradually slowing down with weaker-than-expected readings on

US dollar sinks to three-week low on signs of slowing economy
Business|Finance|News|Stock Markets|US

World stocks up as investors eye ECB rate cut

World stocks rose on Monday despite a subdued Wall Street following unexpected weakness in U.S. manufacturing data, feeding uncertainty

World stocks up as investors eye ECB rate cut
Asia|Business|Economy

South Korea factory activity expands at fastest pace in two years

South Korea's factory activity expanded in May at the fastest pace in two years on stronger growth in output and orders thanks to broadening global demand, a private-

South Korea factory activity expands at fastest pace in two years
Asia|Business|Economy|News

Japan's May factory activity expands for first time in a year, PMI shows

Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a

Japan's May factory activity expands for first time in a year, PMI shows
Asia|Finance

PMI-fest kicks off new month, spotlight on China

A look at the day ahead in Asian markets.

PMI-fest kicks off new month, spotlight on China
Election|Finance|News|World

Wall St eyes election-strewn June, jobs week

A look at the day ahead in U.S. and global markets from Mike Dolan June kicks off with a series of big election results around the world - with big landslides unfolding for favoured candidates in

Wall St eyes election-strewn June, jobs week
Economy|News

Officials overseeing Indonesia capital city project resign, raising questions

The head and deputy head of the body overseeing Indonesia's planned new capital have unexpectedly resigned, raising questions about the $32 billion project.

Officials overseeing Indonesia capital city project resign, raising questions
Americas|Election|News|World

Mexico's Sheinbaum secures landslide presidential election win

Claudia Sheinbaum has won a landslide victory to become Mexico's first female president, inheriting the project of her mentor and outgoing leader Andres Manuel Lopez Obrador, whose

Mexico's Sheinbaum secures landslide presidential election win
Economy|Finance|News|World

Turkey inflation hits 75% in expected peak before relief

Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, official data showed on Monday, in what is expected to

Turkey inflation hits 75% in expected peak before relief
Europe|Finance

Markets in upbeat mood as factories hum

A look at the day ahead in European and global markets from Wayne Cole.

Markets in upbeat mood as factories hum
Business|Economy|Finance

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets

CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Business|Economy|Finance|US

US factory activity, construction spending both fall

U.S. manufacturing activity slowed for a second straight month in May as new goods orders dropped by the most in nearly two years, and spending on construction projects slipped

US factory activity, construction spending both fall
Business|Economy|Europe|Finance|Stock Markets

European shares kick-off June on a high note in anticipation of ECB rate cut

European shares rose for the third straight session on Monday, led by bond-proxy sectors, as investors looked to a near certain interest rate cut from the

European shares kick-off June on a high note in anticipation of ECB rate cut
Business|Economy|Finance

Macau casinos play best hands to win over premium customers

A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn Macau reap rewards, while larger rivals Sands China and

Macau casinos play best hands to win over premium customers
Asia|Election|News|World

Modi claims victory in India's election but drop in support forces him to rely on coalition partners

Prime Minister Narendra Modi’s National Democratic Alliance coalition has won a majority in parliament, according to official results from India’s Election Commission

Modi claims victory in India's election but drop in support forces him to rely on coalition partners
Asia|Economy|Finance|News

Japan's govt to warn of weak yen pain in policy roadmap, draft shows

Japan's government will warn of the pain a weak yen may inflict on households in this year's long-term economic policy roadmap, a draft seen by Reuters showed, as

Japan's govt to warn of weak yen pain in policy roadmap, draft shows
Asia|Business|Economy|Finance

Key features of China's affordable housing policy

Chinese policymakers last month unveiled a slew of support measures for the property sector, including a nod to local governments to buy

Key features of China's affordable housing policy
Asia|Economy|Finance|News

Myanmar junta arrests dozens in bid to stabilise currency

Myanmar's junta is cracking down on gold and foreign exchange traders and agents selling foreign real estate, with 35 arrests announced in the last two days as part of efforts to stabilise

Myanmar junta arrests dozens in bid to stabilise currency
Business|Economy|Europe|Finance

Dazed dollar set for more macro jolts?

A look at the day ahead in European and global markets from Kevin Buckland The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S. exceptionalism narrative may

Dazed dollar set for more macro jolts?
Asia|Business|Economy|Finance|Stock Markets|US|World

Stock market today: Asian stocks trade mixed after Wall Street logs modest gains

Asian shares are mixed as investors weighed data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street

Stock market today: Asian stocks trade mixed after Wall Street logs modest gains
Business|Economy|Finance

Colombia facing budget shortfall of nearly $7 billion

A collapse in Colombia's tax collection is setting off alarm bells for the market, which says the government will need to contend with an estimated budget

Colombia facing budget shortfall of nearly $7 billion
Business|Economy|Finance|Stock Markets|US

Wall Street's growth gasp as rates, dollar, oil skid

A look at the day ahead in U.S. and global markets from Mike Dolan With a still-powerful "buy the dip" instinct in stocks, U.S. markets are having a rare bout of jitters about a slowing economy - with

Wall Street's growth gasp as rates, dollar, oil skid
Business|Economy|News|US

US factory orders rise for a third month in April

New orders for U.S.-manufactured goods increased for a third straight month in April, boosted by demand for transportation equipment.

Economy

In heated debate, Britain's Sunak, Starmer go head-to-head on the economy

Prime Minister Rishi Sunak and Labour challenger Keir Starmer went head-to-head on Tuesday over how to boost Britain's economy,

In heated debate, Britain's Sunak, Starmer go head-to-head on the economy
Business|Economy|Finance|US

US dollar rises as strong service sector data muddles Fed easing this year

The U.S. dollar drifted higher on Wednesday after data showed the services sector in the world's largest economy rebounded in May after contracting the

US dollar rises as strong service sector data muddles Fed easing this year
Asia|Business|Economy|Finance

Indonesia central bank to continue intervention to stabilise rupiah

Indonesia's central bank will continue to intervene in the foreign exchange market to stabilise the rupiah, its governor said on Wednesday, adding that the

Indonesia central bank to continue intervention to stabilise rupiah
Africa|Economy|News

Egyptians struggle with first bread subsidy cut in decades

A quadrupling of the price of subsidised bread has made it harder than ever for Gamal Ahmad and millions of other Egyptians to get by.

Egyptians struggle with first bread subsidy cut in decades
Economy

India's May services growth cools to five-month low, PMI shows

Growth in India's services activity growth slowed to a five-month low in May as robust domestic demand weakened, according to a survey, which also showed exports

India's May services growth cools to five-month low, PMI shows
Business|Economy|MidEast|News

UAE's non-oil business growth retains slower pace in May, PMI shows

Capacity constraints weighed on non-oil business activity in the United Arab Emirates in May with output growth at its slowest in 16 months, a survey showed on Wednesday.

UAE's non-oil business growth retains slower pace in May, PMI shows
Business|Economy|Europe|Finance

Rate cut wagers fire up (again)

A look at the day ahead in European and global markets from Ankur Banerjee: A softening labour market and a cooling economy have traders perking up with expectations of a September rate cut from the

Rate cut wagers fire up (again)
Asia|Australia|Business|Economy|Finance|News|World

Australia economy slows to a crawl in Q1, grows 0.1% q/q

Australia's economy slowed to a crawl in the March quarter as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the

Australia economy slows to a crawl in Q1, grows 0.1% q/q
Business|Economy|Finance

Japan's service activity extends gains, price pressures persist, PMI shows

Japan's service activity extended robust gains in May, a private sector survey showed on Wednesday, amid persistent inflationary pressures that have boosted expectations for another

Japan's service activity extends gains, price pressures persist, PMI shows
News|US

Venezuela representatives, US officials meet over Citgo auction

Members of Venezuela's political opposition and the boards that supervise state-owned refiner Citgo Petroleum have met U.S. officials and lawmakers in recent days in a new effort

Venezuela representatives, US officials meet over Citgo auction
Economy|Finance|US

US dollar to weaken, but Fed rate cuts are required, say strategists

The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who

US dollar to weaken, but Fed rate cuts are required, say strategists
Africa|Americas|Asia|Economy|Election|Finance|News|Stock Markets|World

Elections roil markets as biggest race looms in packed 2024

Election results in Mexico, South Africa and India jolted currencies and stocks alike, a stark reminder that politics still matter for markets in a

Elections roil markets as biggest race looms in packed 2024
Business|Finance

Dollar Tree explores sale of struggling Family Dollar banner

Dollar Tree said on Wednesday it was exploring options, including a potential sale or spinoff of its Family Dollar banner, as it looks to

Dollar Tree explores sale of struggling Family Dollar banner
Americas|News|World

Winter deepens misery for Argentina's poor following Milei's financial cuts

Homelessness is on the rise across major Argentine cities as the new libertarian government's tough medicine reforms squeeze pensions,

Winter deepens misery for Argentina's poor following Milei's financial cuts
Business|Economy|News

Deere announces job cuts to tackle slowing farm equipment demand

Deere & Co said on Wednesday it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand.

Deere announces job cuts to tackle slowing farm equipment demand
Business|Economy|Finance|News

Canada becomes first G7 nation to cut interest rates

The Bank of Canada trimmed its key policy rate on Wednesday, the first G7 country to do so, in a widely expected move that will ease pressure

Canada becomes first G7 nation to cut interest rates
Business|Economy|Finance|Stock Markets|US

Dip buying persists, Canada set to ease

A look at the day ahead in U.S. and global markets from Mike Dolan Any investor trepidation about a slowing U.S. economy is once again being offset by renewed interest rate cut hopes - seeing the

Dip buying persists, Canada set to ease
Asia|Business|Economy|Finance|News

India bonds still a 'buy' for foreign investors despite post-election policy uncertainty

India's government bonds will continue to attract foreign flows even as a narrower-than-expected victory margin for Prime Minister Narendra Modi-led alliance

India bonds still a 'buy' for foreign investors despite post-election policy uncertainty
Economy|News

Soaring wages, record-low unemployment underscore Russia's labour squeeze

Russia's unemployment rate dropped to a record-low 2.6% in April and real wages soared in March, data published by the federal statistics service

Soaring wages, record-low unemployment underscore Russia's labour squeeze
US

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll

The U.S.

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
Asia|Finance|News

Markets roar back, China trade too?

A look at the day ahead in Asian markets. So much for 'bad news is bad news'. 

Markets roar back, China trade too?
Business|Economy|Europe|Finance|Stock Markets|US|World

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
Business|Europe|Finance|Stock Markets

Remy Cointreau's shares rise as investors bet on recovery

Remy Cointreau's shares rose more than 6% on Thursday after the drinks company expressed confidence about future growth following a tough year where profits fell sharply.

Remy Cointreau's shares rise as investors bet on recovery
Business|Finance|Stock Markets|Technology|US

New highs as Nvidia tops Apple, ECB and BoC easing

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia replace Apple as the world's 2nd most

New highs as Nvidia tops Apple, ECB and BoC easing
Economy|Europe|News

German industrial orders unexpectedly fall in April

German industrial orders unexpectedly fell in April, marking the fourth month in a row of decreases, due to a significantly smaller number of large-scale orders compared with the previous

German industrial orders unexpectedly fall in April
Business|Economy|Finance

BOJ's Ueda reaffirms resolve to trim bond buying as bank eyes policy exit

Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday it would be appropriate to reduce the central bank's bond buying as it moves toward an exit from massive monetary

BOJ's Ueda reaffirms resolve to trim bond buying as bank eyes policy exit
Business|Finance|Stock Markets|Technology|US

Nvidia's stunning gains increasingly power Wall Street's record run

A rally that has propelled U.S. equities to record highs increasingly rests on red-hot chipmaker Nvidia and a handful of other giant stocks, reviving concerns

Nvidia's stunning gains increasingly power Wall Street's record run
Economy|Europe|Finance|News

It's time for E-C-B

A look at the day ahead in European and global markets from Ankur Banerjee After the Bank of Canada became the first G7 country to cut interest rates, the stage is set for the European Central Bank to

It's time for E-C-B
Business|Economy|Finance

Australia trade surplus rebounds in April as imports dive

Australia's surplus on trade goods rebounded in April as imports took a dive after several months of gains, though exports of iron and coal also softened, data showed on Thursday.

Australia trade surplus rebounds in April as imports dive
Business|Economy|Finance|News

One year on, Russian officials change tune on tax policy

The prospect of raising Russia's corporate taxes was criticised by officials at last year's St Petersburg economic forum as a counterproductive move that would suppress

One year on, Russian officials change tune on tax policy
Economy|Europe|Finance|News

ECB sees higher growth, inflation

The European Central Bank raised some of its economic growth and inflation projections on Thursday, predicting a somewhat later return of price growth to its 2% target.

ECB sees higher growth, inflation
Economy|Europe|Finance

Lagarde comments at ECB press conference

The European Central Bank cut borrowing costs from record highs on Thursday, acknowledging progress in its battle against high inflation but also signalling that fight

Lagarde comments at ECB press conference
Economy|Finance|US

Demise of dollar's FX reserve omnipotence greatly exaggerated: McGeever

After two decades of the dollar's share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical stars

Demise of dollar's FX reserve omnipotence greatly exaggerated: McGeever
Business|Economy|Finance|US

US trade deficit widens in April

The U.S. trade deficit widened in April as a jump in imports outpaced a slight increase in exports.

US trade deficit widens in April
Business|Economy|Finance|Stock Markets

Traders question case for rapid ECB rate cuts

Traders scaled back bets that the

Traders question case for rapid ECB rate cuts
Asia|Economy|News

China's exports grow 7.6% in May, beating expectations despite trade tensions

Official statistics say that China’s exports for May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations

China's exports grow 7.6% in May, beating expectations despite trade tensions
Business|Economy|Finance|News|US

US hiring and wage growth picked up last month in sign of sustained economic health

America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates

US hiring and wage growth picked up last month in sign of sustained economic health
Economy|Finance|News

Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report

Stocks slipped and Treasury yields rose sharply after the government released a jobs report whose headline numbers came in hotter than expected

Stock market today: Stocks slip and bond yields jump following a hotter-than-expected jobs report
Business|Economy|News|US

US job gains surge past expectations, wage growth quickens

The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the

US job gains surge past expectations, wage growth quickens
Economy|Finance|Stock Markets|US

US bond funds gain robust weekly inflow as yields ease

U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of

US bond funds gain robust weekly inflow as yields ease
Business|Economy|Europe|Finance

German central bank warns on inflation and cuts 2024 growth outlook

Upward pressure from wages means inflation is proving stubborn, Germany's central bank said on Friday, a day after the European

German central bank warns on inflation and cuts 2024 growth outlook
Business|Economy|Finance|News|Stock Markets|US

US check on sub-4% jobless, China imports slow

A look at the day ahead in U.S. and global markets from Mike Dolan After a frenetic week of G7 interest rate cuts, new records for stocks, another scramble for AI and a wave of elections, world

US check on sub-4% jobless, China imports slow
Business|Economy|Europe|Finance

ECB policymakers warn about inflation challenge

European Central Bank policymakers warned on Friday that the final stage of pushing inflation down to 2% could be especially hard but said they were confident

ECB policymakers warn about inflation challenge
Asia|Business|Economy|Finance

China's May new yuan loans seen rebounding on policy support: Reuters poll

China's new yuan loans likely rebounded in May from April, a Reuters poll showed on Friday, as the central bank told lenders to quicken bank lending to support the economy.

China's May new yuan loans seen rebounding on policy support: Reuters poll
Asia|Business|Economy|Finance

Japan's revised Q1 GDP seen falling less than first reported on capex upgrade - Reuters poll

The Japanese economy likely contracted at a slightly slower pace than initially reported in January-March due to upgrades to capital spending figures, a Reuters

Japan's revised Q1 GDP seen falling less than first reported on capex upgrade - Reuters poll
Business|Europe|Finance|Stock Markets

Stock investors scout out Europe's rate-cut winners

Investors in European equities are stepping up their search for stocks that are likely to benefit from lower borrowing costs,

Stock investors scout out Europe's rate-cut winners
Business|Economy|Europe|Finance|US

Global risk rally hinges on payrolls

A look at the day ahead in European and global markets from Rae Wee Closely watched U.S. nonfarm payrolls data on Friday marks the final piece in an eventful week that's been nothing short of a boon

Global risk rally hinges on payrolls
Asia|Business|Economy

China's May exports rise 7.6%, imports increase 1.8%

China's exports rose 7.6% year-on-year by value in May, while imports increased 1.8%, customs data showed on Friday.

China's May exports rise 7.6%, imports increase 1.8%
Business|Economy|Finance|News|Stock Markets|US

US household wealth hit another record in first quarter, Fed data shows

U.S. household wealth rose to a record of more than $160 trillion in the first three months of 2024 thanks to the stock market's record run and gains in real estate, Federal Reserve data

US household wealth hit another record in first quarter, Fed data shows
Business|Economy|Finance

Brazil central bank aligned over concern about market inflation expectations

Brazil's central bank chief, Roberto Campos Neto, expressed concern on Friday that financial markets were still expecting high inflation despite data showing moderation,

Brazil central bank aligned over concern about market inflation expectations
Business|Economy|Finance

Credit card delinquencies are rising. Here's what to do if you're at risk

Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills

Credit card delinquencies are rising. Here's what to do if you're at risk
Economy|MidEast|News

Saudi Arabia's Q1 GDP shrinks estimated 1.7% y/y

Saudi Arabia's real gross domestic product (GDP) in the first quarter shrank 1.7% from a year earlier, preliminary government data showed on Sunday, as a decline in oil activities

Saudi Arabia's Q1 GDP shrinks estimated 1.7% y/y
Europe|Finance|News|Stock Markets

Macron's shock election call rocks euro and French markets

The euro fell while French stocks and bonds tumbled on Monday, following President Emmanuel Macron's decision to call a snap

Macron's shock election call rocks euro and French markets
Asia|Business|Economy|Finance

Trimming risk exposure as BOJ, Fed loom

A look at the day ahead in Asian markets.

Trimming risk exposure as BOJ, Fed loom
Asia|Economy

Diesel prices jump 56% as Malaysia revamps decades-old fuel subsidies

Diesel price in Malaysia have jumped by more than 50%, as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgit annually

Diesel prices jump 56% as Malaysia revamps decades-old fuel subsidies
Asia|Business|Economy|Finance|News|Stock Markets|US

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting

Asian stocks are mixed ahead of a busy week with several top-tier reports on U.S. inflation due along with a policy meeting of the Federal Reserve

Stock market today: Asian stocks are mixed ahead of this week's Fed meeting
Economy|Finance|US

Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts
Economy|Election|Europe

Economy, migration, war top voters' concerns in EU election - survey

The economy, migration and international conflicts were the top concerns for voters in the European Union election, data from the bloc's biggest member countries

Economy, migration, war top voters' concerns in EU election - survey
Economy|Europe|Finance|News

Sterling hits 22-month high against bruised euro

The pound hit its highest in nearly two years against the euro on Monday, though it dropped against the dollar, as the common currency tumbled after French President Emmanuel Macron

Sterling hits 22-month high against bruised euro
Europe|Finance|Stock Markets|US

Europe jolted by Macron's snap election call

A look at the day ahead in U.S. and global markets by Samuel Indyk The expected rightward shift in the European Parliament after a four-day election has still managed to jolt European markets as gains

Europe jolted by Macron's snap election call
Economy|Finance|US

Fed's new economic projections may come with a dose of maybe, maybe not

Updated economic projections from Federal Reserve officials this week are expected to show fewer interest rate cuts than policymakers anticipated three

Fed's new economic projections may come with a dose of maybe, maybe not
Economy|Finance|News|US

In the Market: How the US is daring the world to find a dollar alternative

The United States is merrily chipping away at the pillars that hold up the dollar as the world's reserve currency, with the latest blows coming from some powerful

In the Market: How the US is daring the world to find a dollar alternative
Business|Economy|US

Biden's team asks CEOs how to further boost the economy while Trump says business is on his side

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America

Biden's team asks CEOs how to further boost the economy while Trump says business is on his side
Europe

ECB could wait several meetings between rate cuts, Lagarde says

European Central Bank interest rates are not on a linear downwards path and policymakers could at times wait more than one meeting before cutting them again, ECB President

ECB could wait several meetings between rate cuts, Lagarde says
Economy|Finance|News|US

NY Fed survey finds mixed views on future path of inflation in May

The U.S. public’s outlook on the future path of inflation was mixed in May, according to a report on Monday from the Federal Reserve Bank of New York.

NY Fed survey finds mixed views on future path of inflation in May
Economy|Finance|US

Dollar hits four-week high ahead of US inflation report

The dollar hit a four-week high on Tuesday, ahead of a highly anticipated inflation report that is likely to influence the timing of the first rate cut by the U.S

Dollar hits four-week high ahead of US inflation report
Economy|Election|Europe|Finance

Moody's issues France credit rating warning over snap elections

France's snap parliamentary elections are negative for the country's credit score, ratings agency Moody's has warned.

Moody's issues France credit rating warning over snap elections
Africa|Economy|Finance|News

IMF reaches staff level agreement with Kenya, urges fiscal consolidation

Kenya has reached a staff level agreement with the International Monetary Fund on Tuesday, the organisation said, paving the way for the

Business|Economy|Europe|Finance

Markets look to steady from political tremors

A look at the day ahead in European and global markets from Wayne Cole.

Markets look to steady from political tremors
Asia|News

Vietnam could allow companies to import gold for first time in years, industry official says

(This June 10 story has been officially corrected to fix the source's quote to remove reference to the timeline from the government on

Vietnam could allow companies to import gold for first time in years, industry official says
Asia|Business|Economy|Finance|News|Stock Markets

Playing the waiting game, Japan stirs

A look at the day ahead in Asian markets.

Playing the waiting game, Japan stirs
Europe|Finance|Stock Markets

European shares end lower as French political tremors rattle banks

European shares closed lower on Tuesday, with banks across the continent falling as investors fretted over political uncertainties in France while

European shares end lower as French political tremors rattle banks
Economy

ECB should wait with next rate move until uncertainty recedes, Lane says

The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, ECB chief

ECB should wait with next rate move until uncertainty recedes, Lane says
Business|Economy|Finance

Dollar pares losses as Fed officials project only one rate cut this year

The dollar dropped on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after updated interest rate

Dollar pares losses as Fed officials project only one rate cut this year
Asia|Business|Finance

Gold rush grips Asia despite near-record prices

Demand for gold in Asia is surging despite prices hovering near the record highs it hit in May, industry officials say, as buyers snap up

Gold rush grips Asia despite near-record prices
Asia|Economy|News

China's inflation steady, maintains pressure for more stimulus to boost demand

China's consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to

China's inflation steady, maintains pressure for more stimulus to boost demand
Asia|Economy|News|World

Myanmar poverty deepens, economic growth stagnant, World Bank says

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with

Myanmar poverty deepens, economic growth stagnant, World Bank says
Business|Economy|Finance

Economists expect Singapore's monetary policy to remain unchanged in 2024, survey shows

Most economists are expecting Singapore's monetary policy to remain unchanged at the July and October reviews, according to a survey by the central bank, as they

Economists expect Singapore's monetary policy to remain unchanged in 2024, survey shows
Economy|Finance|News

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Business|Economy|Europe|Finance

ECB must cut rates 'very slowly', says vice-president de Guindos

The ECB must move "very slowly" in reducing interest rates because there is huge uncertainty over the inflation outlook, its vice-president Luis de Guindos said on Wednesday.

ECB must cut rates 'very slowly', says vice-president de Guindos
Business|Economy|Finance

Bank of England to cut rates in August, at least one more expected this year: Reuters poll

The Bank of England will start cutting interest rates in August, according to all but two of 65 economists polled by Reuters, and most of them expect at

Bank of England to cut rates in August, at least one more expected this year: Reuters poll
Asia|Business|Economy|Finance

Thai central bank holds key rate despite government calls for cut

Thailand's central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite

Thai central bank holds key rate despite government calls for cut
Economy|Europe|Finance

Euro's reserve currency role tumbles at expense of dollar, yen, ECB says

The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free to

Euro's reserve currency role tumbles at expense of dollar, yen, ECB says
Australia|Business|Economy|News

Australia May employment tops forecasts, defying economic slowdown

Australian employment outpaced expectations in May as firms took on more full-time workers, while the jobless rate dipped in a sign the labour market remains resilient even as the

Australia May employment tops forecasts, defying economic slowdown
Business|Economy|Finance|US

Dollar gains on hawkish Fed, even as inflation cools

The dollar gained on Thursday despite a soft U.S. producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the conclusion of

Dollar gains on hawkish Fed, even as inflation cools
Business|Economy|Finance|World

IMF approves second review of Sri Lanka's $2.9 billion bailout, warns of economic risks

The International Monetary Fund (IMF) approved the second review of Sri Lanka's $2.9 billion bailout, but the global lender warned the

IMF approves second review of Sri Lanka's $2.9 billion bailout, warns of economic risks
Business|Economy|Finance|Stock Markets

Bank of Mexico says it could act to restore 'order' in markets

The Bank of Mexico is monitoring recent volatility in domestic financial markets, including foreign exchange markets, and could act to

Bank of Mexico says it could act to restore 'order' in markets
Economy|Finance|US

Benign US inflation could support stock market laggards

Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal

Benign US inflation could support stock market laggards
Business|Economy|Finance|US

FOMC leaves rates alone but scales back 2024 easing outlook

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-

FOMC leaves rates alone but scales back 2024 easing outlook
Economy|Finance|US

Fed's road to rate cuts clears as inflation eases

Federal Reserve policymakers have reason to feel more confident that inflation is cooling after a U.S. government report on Wednesday showed consumer prices did not rise at

Fed's road to rate cuts clears as inflation eases
Business|Economy|Europe

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand

FedEx is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight demand

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand
Economy|Finance|US

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Business|Economy|Finance|US

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates

The number of Americans filing for jobless benefits jumps to the highest level in 10 months
Business|Economy|Finance|News|US

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship
Asia|Business|Economy|Finance|News|Stock Markets

Bank of Japan to trim bond buying, keeps rates steady

The Bank of Japan said on Friday it would start trimming its huge bond purchases and announce a detailed plan next month on reducing its nearly $5 trillion balance

Bank of Japan to trim bond buying, keeps rates steady
Africa|Economy|Finance

Ghana's bondholders to re-engage government next week on debt rework

Ghana and its bondholders will restart talks next week to hash out a debt restructuring deal on $13

Ghana's bondholders to re-engage government next week on debt rework
Economy|Election|Finance|News

UK politicians' election pledges can't stop rising tax burden

Britain's next government will find it near-impossible to stop tax levels approaching an all-time high, despite an election campaign in which both major parties

UK politicians' election pledges can't stop rising tax burden
Business|Economy|Finance|News|US

US weekly jobless claims at 10-month high as labor market eases; inflation cooling

The number of Americans filing new claims for unemployment benefits increased to a 10-month high last week, suggesting the labor market was losing momentum and

US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Europe|News|Political|World

How much money does Ukraine owe, and to whom

More than two years into a war that has cost tens of thousands of lives, Ukraine is about to embark on the unprecedented task of

How much money does Ukraine owe, and to whom
Economy|Finance|News

Foreign credit card transactions add scarce dollars to Venezuela circulation

Transactions paid with foreign credit cards are helping circulate more foreign currency in Venezuela, where the government has locked in an exchange rate as part of

Foreign credit card transactions add scarce dollars to Venezuela circulation
Business|Economy|Finance|Stock Markets

Pakistan shares close at record high after budget dispels concern over capital gains tax hike

Pakistan's benchmark share index made its biggest single-day gain in nearly a year to close at a record high, a day after the government unveiled a budget that

Asia|Economy|Finance

Taiwan central bank sees inflation coming under control; keeps rate steady

Taiwan's central bank said on Thursday it saw inflation gradually coming down for the rest of the year but the overall tone of monetary policy

Taiwan central bank sees inflation coming under control; keeps rate steady
Business|Finance|Stock Markets|US

The day after the Fed

A look at the day ahead in markets from Dhara Ranasinghe. It's back to the markets versus the U.S. Federal Reserve.

The day after the Fed
Business|Economy|Europe|Finance|Stock Markets|US

Data is king, Fed its servant

A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed's rate outlook, clearing the way for gains

Data is king, Fed its servant
Asia|Business|Economy|Finance|Stock Markets

What will BOJ's quantitative tightening look like?

The Bank of Japan may offer guidance on how it plans to reduce its $5-trillion balance sheet at its policy meeting on Friday, in a slow but steady retreat from its

What will BOJ's quantitative tightening look like?
Economy|Finance

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes

Japan's nationwide core consumer inflation likely accelerated to 2.6% year-on-year in May from 2.2% in the previous month, a Reuters poll of 18 economists showed

Japan core inflation set to accelerate, keeping BOJ on track for more rate hikes
Asia|Business|Economy

Thailand sees at least $22 billion investment pledges in 2024

Thailand expects to secure at least 800 billion baht ($21.78 billion) worth of investment applications this year, the government said on Friday, as it seeks to attract more

Thailand sees at least $22 billion investment pledges in 2024
Business|Economy|Finance|News

Investors react to BOJ decision to keep policy unchanged, trim bonds in future

The Bank of Japan kept interest rates unchanged on Friday but said it would trim bond buying in the future to allow long-term interest rates to move more freely.

Investors react to BOJ decision to keep policy unchanged, trim bonds in future
Economy|Europe|Finance|News

Election concerns in France give euro worst week in two months

The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concerns that a new government will worsen France's fiscal situation as a

Election concerns in France give euro worst week in two months
Economy|Finance|News|US

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
Economy|Europe|World

EU leaders to stress defence and competitiveness as strategic goals

European Union leaders will urge policymakers at summit in two weeks' time to increase defence spending, boost economic competitiveness and prepare for the bloc's enlargement,

EU leaders to stress defence and competitiveness as strategic goals
Economy|Finance|News|US

US consumer sentiment ebbs in June; inflation worries linger

U.S. consumer sentiment deteriorated in June as households worried about inflation and incomes, a survey showed on Friday.

Business|Economy|Finance|Stock Markets|US

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision

U.S. equity funds observed heavy outflows in the seven days through June 12 as some investors booked profits and exercised caution ahead of the Federal Reserve's policy decision.

US equity funds saw largest weekly outflow in 18 months ahead of Fed decision
Business|Economy|Finance|Stock Markets|US

Global equity funds faced huge outflows on caution ahead of Fed meet

Global equity funds suffered sharp outflows in the seven days to June 12 as investors cautiously took out money ahead of a key U.S. inflation report and Federal Reserve policy decision

Global equity funds faced huge outflows on caution ahead of Fed meet
Business|Economy|Finance

China new bank loans rise far less than expected in May as demand wobbles

New bank lending in China rebounded far less than expected in May and some key money gauges hit record lows, suggesting the world's second-largest

China new bank loans rise far less than expected in May as demand wobbles
Business|Economy|Finance|Stock Markets

Foreign banks bought nearly $1 billion of India bonds on Thursday, data shows

Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from

Foreign banks bought nearly $1 billion of India bonds on Thursday, data shows
Business|Economy|Finance|US

Consumer check, but don't forget France and Japan

A look at the day ahead in U.S. and global markets by Alun John.

Consumer check, but don't forget France and Japan
Asia|Business|Economy|Finance

India's May exports up 9.1% y/y as outlook improves

India's merchandise exports rose 9.1% to $38.13 billion in May from a year earlier, helped by an increase in shipments of engineering goods,

India's May exports up 9.1% y/y as outlook improves
Business|Economy|Europe|Finance|News

ECB's Kazaks backs market bets on cuts if data holds

The European Central Bank can continue to lower interest rates broadly how the market expects if inflation keeps easing as envisaged, ECB policymaker

ECB's Kazaks backs market bets on cuts if data holds
Asia|Economy|News

India's May wholesale prices rose 2.61% Y/Y, most in over a year

India's wholesale prices rose 2.61% in May, the most in more than a year, mainly driven by food items, government data showed on Friday.

India's May wholesale prices rose 2.61% Y/Y, most in over a year
Americas|News|World

Colombia lawmakers approve pension reform in victory for Petro

Colombia's lower house on Friday approved a pension reform proposed by President Gustavo Petro, marking a victory for the leftist, who has struggled to get lawmaker

Colombia lawmakers approve pension reform in victory for Petro
Economy|News

Prabowo adviser denies plans to raise Indonesia's debt to 50% of GDP

Indonesia's President-elect Prabowo Subianto has no plans to boost the country's public debt to 50% of gross domestic product (GDP), a senior aide

Prabowo adviser denies plans to raise Indonesia's debt to 50% of GDP
Americas|Economy

Peru economy expands in April, highest growth in over 30 months

Peru's gross domestic product expanded 5.28% in April from a year earlier, the government's INEI statistics agency said on Saturday, the highest

Peru economy expands in April, highest growth in over 30 months
Asia|Economy|Finance

Conditions for rate cut emerging in South Korea, says presidential official

Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday.

Conditions for rate cut emerging in South Korea, says presidential official
Economy|Europe|Finance|News|Stock Markets

ECB in no rush to discuss French bond rescue - sources

European Central Bank policymakers have no plan to discuss emergency purchases of French bonds and still think it is for French politicians to

ECB in no rush to discuss French bond rescue - sources
Asia|Business|Finance|News

Bracing for Chinese data deluge

A look at the day ahead in Asian markets.

Bracing for Chinese data deluge
Business|Economy|Finance|News

Asking prices for UK houses stagnate in June, Rightmove says

Asking prices for British homes coming to the market were flat this month, adding to signs of a recent cooling off in the housing market upswing, a survey from property

Asking prices for UK houses stagnate in June, Rightmove says
Business|Economy|US

A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?

A rural Florida county is hoping a new $300 million airport will transform its economy and create more than 1,400 new, high-skilled jobs

A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?
Asia|Business|Economy|Finance|News

China's factory output disappoints, property sector stuck in doldrums

China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support,

China's factory output disappoints, property sector stuck in doldrums
Economy|Europe|Finance

ECB's Lane confident of hitting inflation goal despite noisy data

The European Central Bank is confident that inflation will fall back to its 2% target next year despite some "noisy" inflation along the way, the ECB's chief economist Philip Lane

ECB's Lane confident of hitting inflation goal despite noisy data
Business|Economy|Finance|News|Stock Markets

BOJ to forgo July rate hike, taper $152 billion per year, says ex-policymaker

The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annually in new guidance due next month, but forgo raising

BOJ to forgo July rate hike, taper $152 billion per year, says ex-policymaker
Business|Economy|Europe|Stock Markets

China fails to cheer, as France scores own goal

A look at the day ahead in European and global markets from Wayne Cole.

China fails to cheer, as France scores own goal
Business|Economy|News|US

US Treasury, IRS to close $50 billion tax loophole on partnerships

The U.S.

US Treasury, IRS to close $50 billion tax loophole on partnerships
Business|Economy|Finance

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll

The Swiss National Bank (SNB) will cut its key policy rate by 25 basis points on June 20 for a second straight meeting, according to two-thirds of economists polled by Reuters, a

SNB to cut rates 25 bps to 1.25% on June 20, possibly again in Sept: Reuters poll
Business|Economy|Finance|Stock Markets|US

Buoyant US eyes French angst, China home woes

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street stocks and bonds remained relatively buoyant after last week's action-packed macro week with world markets drawn more to

Buoyant US eyes French angst, China home woes
Economy|Finance|US

Dollar eases after US retail sales miss expectations in May

The dollar eased against the euro on Tuesday after retail sales data indicated signs of exhaustion among U.S. consumers, boosting the case for Federal Reserve

Dollar eases after US retail sales miss expectations in May
Business|Economy|Finance|Stock Markets|US

New highs as retail eyed, Europe calms

A look at the day ahead in U.S. and global markets from Mike Dolan Tech-led Wall Street stocks have sailed to new records again this week, with Tuesday expected to see retail sales return to growth

New highs as retail eyed, Europe calms
Business|Economy|Food|News

UK grocery inflation edges lower again ahead of election, Kantar says

UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of

UK grocery inflation edges lower again ahead of election, Kantar says
Business|Europe|Finance|Stock Markets

The euro zone's fragmented banking industry

Supporters for more consolidation in the euro zone's banking sector have been watching Spanish lender BBVA's hostile bid for Sabadell,

The euro zone's fragmented banking industry
Asia|Business|Economy|Finance

South Korea central bank chief says inflationary pressure easing

South Korea's central bank governor said on Tuesday the pace of consumer inflation is likely to continue to slow, feeding expectations the Bank of Korea will start cutting interest

South Korea central bank chief says inflationary pressure easing
Business|Crime|Economy|Finance

Business owners increasingly worry about payment fraud, survey finds

Small businesses are increasingly concerned about payment fraud

Business owners increasingly worry about payment fraud, survey finds
Business|Economy|Finance|US

Fed officials steer cautiously toward potential rate cuts

Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still

Fed officials steer cautiously toward potential rate cuts
Business|Economy|Environment|US

US unveils rules for subsidies to boost clean energy wages

President Joe Biden's administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil

US unveils rules for subsidies to boost clean energy wages
Economy|Finance|News|US

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

The Congressional Budget Office says it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
Asia|Business|Economy|Finance

Guarding against disinflation complacency

A look at the day ahead in Asian markets.

Guarding against disinflation complacency
Business|Economy|Election|Europe|Finance

Dollar struggles for direction, euro close to 1-1/2-month low

The dollar struggled for direction on Wednesday while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal

Dollar struggles for direction, euro close to 1-1/2-month low
Economy|Europe|Finance|Stock Markets

UK inflation test awaits buoyant markets

A look at the day ahead in European and global markets from Ankur Banerjee Investors will get another chance to see if the global disinflation story gains more traction with UK inflation data taking

UK inflation test awaits buoyant markets
Asia|Business|Economy|Finance

Japan's weak yen lifts exports, but falling volume highlights soft demand

Japan's weak yen sharply boosted the value of exports in May but the volume of sales shrank for the fourth consecutive month, highlighting

Japan's weak yen lifts exports, but falling volume highlights soft demand
Business|Economy|Finance|News

BOJ debated weak yen's impact on inflation, April minutes show

Bank of Japan policymakers debated the impact a weak yen could have on prices, with some flagging the chance of raising interest rates sooner than expected if

BOJ debated weak yen's impact on inflation, April minutes show
Economy|News

With election looming, UK's governing Conservatives seize on inflation fall to 2% target

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

With election looming, UK's governing Conservatives seize on inflation fall to 2% target
Business|Economy|Finance

Japan manufacturers less confident as high material costs bite: Reuters poll

Japanese manufacturers are markedly less confident about business than three months ago due to higher materials costs, the Reuters Tankan poll for June showed,

Business|Economy|Finance|News|Stock Markets|US

Stock market today: Global stocks are mixed after Wall Street edges to more records

Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession

Stock market today: Global stocks are mixed after Wall Street edges to more records
Africa|Economy|Finance|News|World

Investors cautiously optimistic S.Africa's new government can deliver growth-friendly reforms

Investors are optimistic South Africa's new unity government can deliver stable economic policies to revive growth, but are cautious about how the new

Investors cautiously optimistic S.Africa's new government can deliver growth-friendly reforms
Economy|Finance|US

Dollar extends gains against yen with US economic strength in focus

The dollar rose to a seven-week high against the yen on Thursday, while the sterling and euro fell amid on the U.S. economy is coming off the boil while traders

Dollar extends gains against yen with US economic strength in focus
Business|Economy|News

Oil prices rise on US crude draw; jobs data feeds rate cut hopes

Oil futures climbed on Thursday after the U.S.

Oil prices rise on US crude draw; jobs data feeds rate cut hopes
Business|Finance|Stock Markets|US

Wall Street bucks global rally as bond yields rise

Wall Street shares pulled back from record highs hit early on Thursday in sympathy with rallying overseas indexes, as Treasury yields shook off

Wall Street bucks global rally as bond yields rise
Business|Economy|Europe|Finance

Bailey likely to bail on rate change

A look at the day ahead in European and global markets from Ankur Banerjee British inflation may have returned to its 2% target for the first time in nearly three years, setting the stage for the Bank

Bailey likely to bail on rate change
Business|Economy|Europe|Finance|Stock Markets

Bank of England keeps rates at 16-year high before UK election

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4's UK election, but the

Bank of England keeps rates at 16-year high before UK election
Economy|Finance|News

ECB's Knot backs one or two more rate cuts this year

European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest rate cuts this year as inflation appeared to be headed towards the

ECB's Knot backs one or two more rate cuts this year
Business|Finance|Stock Markets|US

Stocks up as Swiss cut again, BoE eyed; yuan slides

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street returns from its midweek break to find record high stocks still chomping at the bit, with overseas monetary easing in

Stocks up as Swiss cut again, BoE eyed; yuan slides
Economy|Europe|News

French political camps draw election battle lines on economy

France's far-right National Rally (RN) hit back on Thursday at charges from opponents that its spending plans would crash the economy, while

French political camps draw election battle lines on economy
Business|Economy|Europe

Germany saw record number of industrial disputes in 2023, study shows

The number of working days lost to strikes in Germany doubled in 2023 compared with the previous year to more than 1.5 million, with a record 312 industrial disputes, a study showed on

Germany saw record number of industrial disputes in 2023, study shows
Business|Economy|Finance|US

US big banks face growing spillover risks from non-banks

Non-bank financial institutions pose an increasing risk to America's big banks, economists said on Thursday in a post on the New York Fed's Liberty Street

US big banks face growing spillover risks from non-banks
Business|Economy|Finance

EU finance ministers see some use for EU industrial policy

European Union finance ministers cautiously backed on Thursday the idea of an EU industrial policy that would help correct market failures, work where better

EU finance ministers see some use for EU industrial policy
News|US

Apollo Global chief economist expects no Fed cuts this year

The U.S.

Apollo Global chief economist expects no Fed cuts this year
Asia|Business|Economy|Europe

Germany doesn't expect a solution to EU tariff tensions on China trip

In his trip to China, Germany's Economy Minister Robert Habeck doesn't expect to reach a solution on trade tensions after the EU threatened to impose

Germany doesn't expect a solution to EU tariff tensions on China trip
Business|Economy|Finance|US

Dollar edges higher, buoyed by monetary policy imbalance

The dollar edged higher against other major currencies on Friday, hitting a fresh eight-week high against the yen as data showed a strong U.S. economy and as the

Dollar edges higher, buoyed by monetary policy imbalance
Asia|Economy|Finance

South Korea expands currency swap with pension fund as won tumbles

South Korea's foreign exchange authorities on Friday said they agreed with the National Pension Service to expand a currency swap line to $50 billion from the current

South Korea expands currency swap with pension fund as won tumbles
Asia|Business|Economy|Finance|News

Thai Finance Minister and central bank to discuss inflation target, PM says

Thailand's Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said on Friday, adding additional

Thai Finance Minister and central bank to discuss inflation target, PM says
Africa|Economy|Finance|News

Ghana reaches deal in principle with bondholders on $13 billion debt, sources say

Ghana has reached an agreement in principle with its bondholders to restructure $13 billion worth of international debt, three sources told Reuters,

Ghana reaches deal in principle with bondholders on $13 billion debt, sources say
Business|Economy|Finance|US

U.S. jet fuel output rises to pre-COVID levels as demand soars

U.S. refiners pumped out jet fuel last week at the fastest pace since the pandemic, government data showed, as they look to keep up with forecasts

U.S. jet fuel output rises to pre-COVID levels as demand soars
Business|Europe|Finance

European shares slip on tech, banks drag; clocks weekly gains

European shares closed lower on Friday, pressured by falls in technology and bank stocks, while Danish brewer Carlsberg Group was the

European shares slip on tech, banks drag; clocks weekly gains
Economy|Europe|Finance|News

German government bond yields fall on weak survey data

German government bond yields fell on Friday after economic survey data for the euro zone came in weaker than expected, supporting expectations for policy rate cuts.

German government bond yields fall on weak survey data
Economy|Europe|Finance|News

French left-wing alliance pledges to offset spending surge with tax

France's newly formed New Popular Front left-wing alliance will progressively lift annual public spending to 150 billion euros more than now, but will offset the increase with tax

French left-wing alliance pledges to offset spending surge with tax
Business|Economy|Europe|Finance

Euro zone business recovery slows sharply in June, PMI shows

Euro zone business growth slowed sharply this month as demand fell for the first time since February, a survey found, with the bloc's services industry showing

Euro zone business recovery slows sharply in June, PMI shows
Business|Economy|Finance

JPMorgan asset and wealth head sees China's economic outlook improving

JPMorgan Chase is seeing signs of an improving economy in China that will bolster the bank's business in the country after a sluggish period, its CEO of asset and

JPMorgan asset and wealth head sees China's economic outlook improving
Business|Economy|Finance|News|Stock Markets|Technology|US|World

Nvidia gets vertigo, dollar builds steam

A look at the day ahead in U.S. and global markets from Mike Dolan Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we

Nvidia gets vertigo, dollar builds steam
Business|Economy|Europe|Finance

There's likely no such thing as 'Frexit': Mike Dolan

Any sustained bet against French government debt can only hinge on a belief in the improbable end of the euro - even if the European Central Bank needs to walk a fine

There's likely no such thing as 'Frexit': Mike Dolan
Economy|Finance

UK public debt rises to highest since 1961 ahead of election

British public debt rose last month to its highest as a share of the economy since 1961, data showed on Friday, adding to the financial challenges the next

Business|Economy

UK retail sales rebound in May but shoppers still cautious

British retail sales jumped sharply last month after heavy rain kept shoppers away in April, official figures showed on Friday, in a minor boost for Prime Minister

UK retail sales rebound in May but shoppers still cautious
Business|Economy|Finance

It's all about the data

For markets trying to assess how quickly interest rate moves are likely to come, it's all about the data.

It's all about the data
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks follow Wall Street rise, but Nvidia tumbles again as AI mania cools

Asian stocks rise after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied

Stock market today: Asian stocks follow Wall Street rise, but Nvidia tumbles again as AI mania cools
Election|Europe

Costly election pledges in France stoke fears of splurges that risk pushing country deeper into debt

In France, parties of the far right and the far left are making election promises that are appealing -- and expensive

Costly election pledges in France stoke fears of splurges that risk pushing country deeper into debt
Economy|Finance|Stock Markets|US

US dollar dips from 8-week high vs yen as intervention fears intensify

The U.S. dollar slipped from an eight-week high against the yen on Monday, with traders back on alert for government intervention to

US dollar dips from 8-week high vs yen as intervention fears intensify
Business|Economy|Europe|Finance|Stock Markets

On alert for yen intervention, US inflation

A look at the day ahead in European and global markets from Wayne Cole.

On alert for yen intervention, US inflation
Asia|Business|Economy|Finance

China's fiscal revenue drops 2.8% in January-May

China's fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed on Monday,

China's fiscal revenue drops 2.8% in January-May
Asia|Business|Finance

Yen traders eye BOJ minutes, China eyes rebound

A look at the day ahead in Asian markets.

Yen traders eye BOJ minutes, China eyes rebound
Business|Economy|Finance|Stock Markets|Technology|US|World

Transatlantic split reopens as half-year nears

A look at the day ahead in U.S. and global markets from Mike Dolan Global investors head to the half-year point this week trying to get across numerous political narratives, a hiccup in tech and a

Transatlantic split reopens as half-year nears
Uncategorized

Fed's Mester: Mortgage bond sales should remain option for Fed

By Michael S.

Fed's Mester: Mortgage bond sales should remain option for Fed
Asia|Economy|Environment|News

Worsening water crisis can weigh on India's sovereign credit strength, Moody's says

India's worsening water shortage, triggered by high consumption amid rapid economic growth and frequent natural disasters, can negatively impact the South Asian nation's

Worsening water crisis can weigh on India's sovereign credit strength, Moody's says
Finance|Stock Markets|Technology

Stocks gain with Nvidia, dollar inches up vs yen

Global stock indexes mostly climbed on Tuesday, with shares of AI chipmaker Nvidia bouncing after a three-day sell-off, while the dollar gained slightly

Stocks gain with Nvidia, dollar inches up vs yen
Asia|Business|Economy|Finance

Japan's business-to-business service inflation hits 2.5% in May

The price Japanese companies charge each other for services rose 2.5% in May from a year earlier, data showed on Tuesday, a sign prospects of steady wage increases are prompting more

Japan's business-to-business service inflation hits 2.5% in May
Asia|Business|Finance|US

Tech that - Nvidia slump sours market mood

A look at the day ahead in Asian markets. The wave of profit-taking in U.S.

Tech that - Nvidia slump sours market mood
Business|Economy|Finance|News|US

Fed's Daly: inflation not the only risk, policy must 'exhibit care'

The Federal Reserve must "exhibit care" as it aims to finish the job of bringing inflation under control, San Francisco Fed President Mary Daly said on Monday, noting that

Fed's Daly: inflation not the only risk, policy must 'exhibit care'
Asia|Business|Economy|Finance|News|World

Sri Lanka to sign agreement with creditor nations on Wednesday

Sri Lanka will sign a debt restructuring agreement with a group of creditor nations on Wednesday, the government said in a major step to help stabilise the

Sri Lanka to sign agreement with creditor nations on Wednesday
Business|Economy|News

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

American consumers lost some confidence in June as expectations over the near-term future fell again

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
Asia|Economy|Finance|News|US|World

U.S. sanctions 'sprawling' shadow banking network for supporting Iranian military

A group of 50 people and firms across across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military have been hit with U.S. economic sanctions

U.S. sanctions 'sprawling' shadow banking network for supporting Iranian military
Election|Europe|Finance

Markets wake up to left-wing French election risk

For investors in France, a left-wing alliance could be a bigger risk than a far-right leadership, some analysts say.

Markets wake up to left-wing French election risk
Finance|US|World

Taxing super-rich debate should start with 2% levy, says economist behind plan

An annual 2% levy on fortunes exceeding $1 billion is the starting point for a global discussion on raising the burden on under-taxed billionaires, French

Taxing super-rich debate should start with 2% levy, says economist behind plan
Europe

France may be next test of the euro's foundations

"Because it's France" was how Jean-Claude Juncker, European Commission president at the time, explained Brussels' decision in 2016 to

France may be next test of the euro's foundations
Business|Economy|Europe|Finance|Stock Markets|US

Cautious markets keep tech enthusiasm in check

A look at the day ahead in European and global markets from Ankur Banerjee A pinch of caution ahead of a U.S. inflation reading, a bit of exuberance in tech stocks following a comeback from Nvidia and

Cautious markets keep tech enthusiasm in check
Asia|Economy|Finance

Bank of Korea flags risk of stronger downward pressure on won

South Korea's central bank said on Wednesday there was a possibility of downward pressure mounting again on the won currency, and vowed to step up monitoring of risk factors and

Bank of Korea flags risk of stronger downward pressure on won
Economy|News

German consumer sentiment unexpectedly dips in July, finds GfK

German consumer sentiment is set to fall slightly in July, ending a four-month streak of rises, as households left uncertain by higher prices and an economy dawdling toward recovery

German consumer sentiment unexpectedly dips in July, finds GfK
Economy|Finance|News

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks

Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices rose for a fourth month, figures that caught

Australia inflation jumps to 6-mth high in May, ramps up rate hike risks
Asia|Business|Economy|Finance

Thai economy to grow at potential rate by early 2025, central bank says

Thailand's economy is expected to grow at its potential rate by late this year or early in 2025, while the policy interest rate is

Thai economy to grow at potential rate by early 2025, central bank says
Africa|Economy|Finance|News

Kenya's president says he won't sign the finance bill that led protesters to storm the parliament

Kenya's president says he won’t sign into law a finance bill proposing new taxes that prompted thousands of protesters to storm the parliament on Tuesday

Kenya's president says he won't sign the finance bill that led protesters to storm the parliament
Asia|Business|Economy|Finance

Sri Lanka inks debt deal with creditor nations, including China

Sri Lanka on Wednesday signed agreements with China and other creditor nations to restructure about $10 billion in bilateral debt, in a major step towards

Sri Lanka inks debt deal with creditor nations, including China
Americas|News

Milei's Argentina reform bill ready to clear final Congress hurdle

Argentine President Javier Milei's twin reform bills will head to Congress one last time this week for a final vote, with little risk of failure.

Milei's Argentina reform bill ready to clear final Congress hurdle
Business|Economy|Finance

UK retail sales go into reverse this month, CBI survey shows

British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday.

UK retail sales go into reverse this month, CBI survey shows
Economy|Europe|Finance|Stock Markets

ECB policymakers see gradual easing if inflation falls as expected

The European Central Bank could gradually reduce interest rates if inflation falls as expected, two ECB policymakers said on Wednesday.

ECB policymakers see gradual easing if inflation falls as expected
Economy|Europe|Finance|News

No prospective euro members meet criteria to join, ECB says

None of the countries that have yet to join the euro meet all accession criteria and many have even diverged from the long-set rules of euro membership, the European Central Bank

No prospective euro members meet criteria to join, ECB says
Economy|Europe|Finance

ECB's Rehn sees inflation stabilising at target despite bumps

Euro zone inflation may be bumpy but that was always expected and data continues to suggest that price growth will settle at the European Central Bank's 2% target, Finnish

ECB's Rehn sees inflation stabilising at target despite bumps
Economy|Europe

Populism can degrade democracy but is on the rise − here’s what causes this political movement and how it can be weakened

Economic insecurity is one factor that drives populism, a former politician from Hungary writes.

Populism can degrade democracy but is on the rise − here’s what causes this political movement and how it can be weakened
Business|Finance|Stock Markets|US

US value stocks offer opportunities for bargain-hunters, BofA's Subramanian says

Value stocks offer some of the most compelling valuations in the U.S. equity market after badly lagging their growth-focused counterparts this year, Bank of America Global

US value stocks offer opportunities for bargain-hunters, BofA's Subramanian says
Americas|Economy|Election|Finance|News

Mexico's Sheinbaum vows to raise minimum wage, build infrastructure, without tax hikes

Mexican President-elect Claudia Sheinbaum said on Wednesday that she has no plans to increase taxes for the general population but that her administration would continue to

Mexico's Sheinbaum vows to raise minimum wage, build infrastructure, without tax hikes
Asia|Business|Economy|Finance|Stock Markets

Inflation scares and yen bears

A look at the day ahead in Asian markets.

Inflation scares and yen bears
Asia|Business|Economy|Finance

China's factories seen extending activity declines in June: Reuters poll

China's manufacturing activity likely contracted for a second month in June, a Reuters poll showed on Thursday, keeping alive calls for fresh stimulus after a string of

China's factories seen extending activity declines in June: Reuters poll
Business|Economy|Europe|Finance|Stock Markets|US

Inflation waiting game turns worrisome

A look at the day ahead in European and global markets from Tom Westbrook So much for a week watching football and cricket while counting down to Friday's blockbuster U.S. personal consumption price

Inflation waiting game turns worrisome
Business|Economy|Europe|Finance

Starting pay for UK jobs up 6.5% on year in May, job ads show

Average starting pay for British jobs rose in May at the fastest pace in four months despite a 20% annual fall in the number of jobs on offer, figures from hiring platform Indeed

Starting pay for UK jobs up 6.5% on year in May, job ads show
Economy|Election|Europe|Finance|News

European shares subdued ahead of economic data, French elections; H&M plunges

European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first round of French elections,

European shares subdued ahead of economic data, French elections; H&M plunges
Business|Economy|Finance|Stock Markets

Chinese money flows into bonds even as central bank warns of risks

China's treasury futures leapt to fresh highs on Thursday, while long-dated yields skirted record lows, as investors continued to plough money into bonds, shrugging off repeated

Chinese money flows into bonds even as central bank warns of risks
Africa|Economy|Election|News

S. Africa consumer confidence recovers in Q2, survey shows

South Africa's consumer confidence improved slightly in the second quarter due to fewer hours of load-shedding and a drop in fuel and food prices, but uncertainty around national elections

S. Africa consumer confidence recovers in Q2, survey shows
Economy|Europe|Finance

Joint EU borrowing could help close funding gap, says blog published by ECB

European Union members should contemplate joint borrowing to fund key investments in defence, digitalisation and the green transition, the authors of a blog published by the

Joint EU borrowing could help close funding gap, says blog published by ECB
Business|Finance|Stock Markets|US

Wall Street closes subdued as investors sit, wait for inflation data

U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a

Wall Street closes subdued as investors sit, wait for inflation data
Economy|Finance|News|US

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
Business|Economy|Finance|US

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021

Fewer people applied for unemployment benefits last week but the total number of Americans collecting jobless benefits rose to the highest level in more than two years

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021
Business|Finance|Stock Markets

NYCB expects reverse stock split to take effect next month

New York Community Bancorp's one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday.

NYCB expects reverse stock split to take effect next month
Business|Economy|Finance

Bank of England likely to cut rates in August, former MPC member says

The Bank of England is likely to cut interest rates soon, "probably in August", as long as inflation and wage data align with the Monetary Policy Committee's (MPC

Bank of England likely to cut rates in August, former MPC member says
Business|Economy|Finance|US

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta Fed President

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut
Americas|Business|Economy|Finance|News

Argentina passes economic reform bill in Milei's first big legislative win

Argentina's lower house early on Friday approved economic reform measures proposed by President Javier Milei, giving him his first big

Argentina passes economic reform bill in Milei's first big legislative win
Business|Economy|News|US

Market for newly built homes slows as elevated mortgage rates put off many home shoppers

Homebuilders who bucked the worst of last year's housing slump may be seeing their luck run out

Market for newly built homes slows as elevated mortgage rates put off many home shoppers
Americas|Business|Economy|Finance

Brazil creates fewer formal jobs than expected in May

Brazil's economy created a net 131,811 formal jobs in May, Labor Ministry data released on Thursday showed, falling short of the 200,000 forecast in a Reuters poll of economists.

Brazil creates fewer formal jobs than expected in May
Asia|Business|Economy|Finance

Tokyo inflation, scores on the first half doors

A look at the day ahead in Asian markets.

Tokyo inflation, scores on the first half doors
Asia|Economy

South Korea May factory output -1.2% m/m, misses forecast

South Korea's factory output fell in May, missing market expectations, on weaker production of machinery and automobiles, official data showed on Friday.

Asia|Economy|Finance|News

Japan 'deeply concerned' about rapid, one-sided forex moves, finance minister says

Japanese Finance Minister Shunichi Suzuki said on Friday that the authorities were "deeply concerned" about the impact of "rapid and one-sided" foreign exchange moves on the economy,

Japan 'deeply concerned' about rapid, one-sided forex moves, finance minister says
News|US

Biden, Trump point fingers at each other on inflation during debate

U.S.

Biden, Trump point fingers at each other on inflation during debate
Asia|Business|Economy|World

Indians battle intense heat with 'mad rush' for air conditioners, beer

Demand for beer in India is at a multi-year high and air conditioner sales are skyrocketing as the intense, unprecedented heat scorching parts of the

Indians battle intense heat with 'mad rush' for air conditioners, beer
Africa|Economy|News

South African rand rallies on hope DA and ANC can agree on cabinet posts

The South African rand rallied on Friday on optimism that the Democratic Alliance (DA) and African National Congress (ANC) would reach an agreement over cabinet positions, a

South African rand rallies on hope DA and ANC can agree on cabinet posts
Business|Election|Finance|News|Stock Markets|US|World

Parsing Biden TV flop, France poll, PCE time

A look at the day ahead in U.S. and global markets from Mike Dolan If TV debates decided elections, world markets seem remarkably calm about the prospect of a Donald Trump return to the White House as

Parsing Biden TV flop, France poll, PCE time
Economy|Finance|News|US

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve's preferred inflation gauge shows price pressures easing further
Economy|Finance|US

Traders add to Fed rate cut bets as inflation eases

Market bets rose on Friday that the Federal Reserve will cut interest rates by September and do so again in December after a government report showed a key measure of U.S. inflation

Traders add to Fed rate cut bets as inflation eases
Economy|Finance|News|US

US inflation cools in May, boosting hopes of Fed rate cut

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing

US inflation cools in May, boosting hopes of Fed rate cut
Business|Finance|Stock Markets

FactSet rides on cost cuts to lift annual profit forecast

FactSet Research Systems raised its forecast for annual adjusted profit on Friday, as the financial data and analytics company bets on cost cuts to counter sluggish revenue growth.

Finance

IMF approves $570 million Zambia payout, increases loan to $1.7 billion

The International Monetary Fund (IMF) said on Wednesday its executive board had completed a third review of Zambia's Extended Credit Facility and approved an immediate disbursement of some

IMF approves $570 million Zambia payout, increases loan to $1.7 billion
News|Opinion|US|World

Takeaways from CNN’s presidential debate with Biden and Trump

President Joe Biden responds to former President Donald Trump’s alleged comments calling fallen soldiers ‘losers’ prior to his visit to a military cemetery in 2018.

Takeaways from CNN’s presidential debate with Biden and Trump
Business|Economy|Election|News|US

It’s the economy, stupid. Here’s what you need to know about it for the presidential debate

It’s the economy, stupid. Here’s what you need to know about it for the presidential debate

Asia|Business|Economy|News

China's June factory activity contracts again, services slows

China's manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday,

China's June factory activity contracts again, services slows
Asia|News|World

Myanmar central bank denies UN report on weapons transactions

Myanmar's central bank denied a U.N. report that the country's military government can still access money and weapons for its war against anti-coup forces, saying financial institutions

Myanmar central bank denies UN report on weapons transactions
Business|Economy|News|US

US employers want more part-time workers. Here’s what that means

US employers want more part-time workers. Here’s what that means

Asia|Business|Economy|Finance

New quarter, same old China PMIs

A look at the day ahead in Asian markets.

New quarter, same old China PMIs
Asia|Business|Economy|Finance|News

South Korea June exports rise for ninth month but miss forecasts

South Korea's exports rose for a ninth consecutive month in June, albeit at a slower pace than expected, as robust demand for chips and cars bolstered the export

South Korea June exports rise for ninth month but miss forecasts
Asia|Business

Japanese executive among 11 arrested in Myanmar for inflating rice prices

Myanmar arrested four executives of supermarket chains, including an official of a Japanese joint venture, for selling rice at inflated prices, state media said on Monday, as the war-torn

Asia|Business|Economy|Europe|Finance|News

Global factory activity has mixed performance in June, PMIs show

Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope

Global factory activity has mixed performance in June, PMIs show
Business|Economy|Finance

Robust demand boosts India factory growth in June, PMI shows

Activity in India's manufacturing sector rebounded last month as output increased on robust demand, leading to the fastest rate of hiring in over 19 years,

Robust demand boosts India factory growth in June, PMI shows
Asia|Business|Economy|News

There is no end in sight for China’s uneven economic story

There is no end in sight for China’s uneven economic story

There is no end in sight for China’s uneven economic story
Business|Economy|Europe|Finance

Euro zone factory activity decline deepens in June, PMI shows

Manufacturing activity across the euro zone took a turn for the worse last month as demand fell at a much faster pace despite factories cutting their prices, a survey showed.

Euro zone factory activity decline deepens in June, PMI shows
Business|Economy|Europe|Finance|News

Downturn in German manufacturing suffers fresh setback, PMI shows

The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, experienced a fresh setback in June as output and new

Downturn in German manufacturing suffers fresh setback, PMI shows
Africa|Business|Economy|Finance

South African factory activity contracts again in June - Absa PMI

South African manufacturing activity contracted again in June, a Purchasing Managers' Index (PMI) survey showed on Monday, reflecting weak demand.

Business|Economy|Europe|Finance|Stock Markets|US

H2 kicks off, markets bet on French gridlock

A look at the day ahead in U.S. and global markets from Mike Dolan An event-packed but shortened week stateside kicks off the second half of 2024, with European markets rallying on Monday as the first

H2 kicks off, markets bet on French gridlock
Asia|Environment|World

India expects above-average July rainfall after weak June

India is likely to receive above-average rainfall in July after receiving 11% below average in June, the weather department said on Monday, keeping alive the

India expects above-average July rainfall after weak June
Business|Economy|News|US

US construction spending unexpectedly falls in May

U.S. construction spending unexpectedly fell in May as higher mortgage rates depressed single-family homebuilding, and recovery is likely to be muted by improving housing supply

US construction spending unexpectedly falls in May
Business|Economy|News|US

US manufacturing extends slump; inflation pressures ebbing

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs

US manufacturing extends slump; inflation pressures ebbing
Election|Europe|News

Decision day for far right's rivals

A look at the day ahead in European and global markets from Kevin Buckland How well France's hastily assembled anti-far-right front is working will become clear today, with candidates having until

Decision day for far right's rivals
Asia|Business|Economy|Finance

What is China's planned financial stability law and how will it work?

China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial institutions, as part of Beijing's broader efforts to

What is China's planned financial stability law and how will it work?
Business|Economy|Europe|Finance|News

ECB's next rate cut an easy decision before choices become hard, Wunsch says

The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly

ECB's next rate cut an easy decision before choices become hard, Wunsch says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide

U.S. stocks are drifting near their record levels

Stock market today: Wall Street drifts near its records as Tesla's jump offsets Nvidia's slide
Business|Election|Europe|Finance|Stock Markets

London's FTSE 100 hits over two-month low amid election jitters

London's benchmark stock index closed at more than a two-month low on Tuesday as investors were cautious ahead of parliamentary elections, although an

London's FTSE 100 hits over two-month low amid election jitters
Business|Economy|Finance

Sri Lanka to save $5 billion after bilateral debt rework, president says

Sri Lanka will save $5 billion in interest owed to bilateral creditors as part of its debt restructuring process, President Ranil Wickremesinghe said on

Sri Lanka to save $5 billion after bilateral debt rework, president says
Business|Economy|Finance|Technology|US

Biden administration provides $504 million to support 12 technology hubs nationwide

The Biden administration says it's providing $504 million in implementation grants for a dozen technology hubs in Ohio, Montana, Nevada and Florida, among other locations

Biden administration provides $504 million to support 12 technology hubs nationwide
Economy|Europe|Finance

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Inflation is on the way down in Europe

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
Food|News|Travel|US

Tipped off: American consumers grapple with tip creep

When Ted Rossman was at Newark Airport in New Jersey the other day, he got a shock along with his sandwich.

Tipped off: American consumers grapple with tip creep
Business|Economy|Finance|News|Stock Markets|US

Growth ebbs, curves steepen, Powell in Portugal

A look at the day ahead in U.S. and global markets from Mike Dolan Further signs of a cooling U.S. economy greet the second half of 2024, with politics dominating headlines on both sides of the

Growth ebbs, curves steepen, Powell in Portugal
Business|Economy|Finance

Investors just got an inflation wakeup call. Will they answer?

Investors just got an inflation wakeup call. Will they answer?

Business|Economy|Finance|News|US

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

US job openings rise to 8.1 million despite higher interest rates
Economy|Finance|News|US

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
Business|Economy|Europe|Finance

ECB's Lagarde welcomes small inflation fall despite stubborn services

European Central Bank President Christine Lagarde welcomed a small fall in inflation last month as a step in the right direction,

ECB's Lagarde welcomes small inflation fall despite stubborn services
Business|Economy|Finance|News

Canadian factory PMI shows sector softening further in June

Canadian manufacturing activity deteriorated in June, extending a record-setting run of contraction for the sector, as new orders declined and firms cut jobs for

Canadian factory PMI shows sector softening further in June
Asia|Business|Economy

S.Korea sees stronger growth, vows to support sectors hit by high interest rates

South Korea's government on Wednesday vowed to support small businesses and the construction sector struggling due to high interest rates in the second

S.Korea sees stronger growth, vows to support sectors hit by high interest rates
Asia|Business|Economy

Japan's service activity slips for first time in 2 years, PMI shows

Japanese service activity contracted for the first time in nearly two years in June as domestic demand cooled, a private sector survey showed on Wednesday, although business

Japan's service activity slips for first time in 2 years, PMI shows
Business|Economy|Finance

China's services activity growth hits 8-month low, Caixin PMI shows

China's services activity expanded at the slowest pace in eight months and confidence hit a four-year low in June, dragged by slower growth in new orders, a private-sector survey

China's services activity growth hits 8-month low, Caixin PMI shows
Asia|Economy|Europe|Finance|News

Powell sparks optimism on rate cuts

A look at the day ahead in European and global markets from Ankur Banerjee It was a risk-on session in Asia, with European bourses poised for a similar start in the wake of comments by Fed Chair

Powell sparks optimism on rate cuts
Asia|Business|Stock Markets|Technology

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms

Asian shares are trading mostly higher after Tesla zoomed upward, helping drive the U.S. stock market to more records

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
Business|Economy|Finance|News|World

Pakistan has met all requirements for IMF bailout deal, finance official says

Pakistan is looking to clinch a staff level agreement on an International Monetary Fund bailout of more than $6 billion this month after addressing all of the

Pakistan has met all requirements for IMF bailout deal, finance official says
Business|Economy|Europe

Upturn in German services activity slows in June, PMI shows

A solid rise in business activity in June ended a positive second quarter for the German service sector, albeit with the rate of expansion easing slightly, a survey showed on

Upturn in German services activity slows in June, PMI shows
Economy|Election|Europe|Finance|News|Stock Markets

London stocks rebound on metal miner rally ahead of UK election

British stocks closed higher on Wednesday, boosted by metal miners ahead of the UK parliamentary election on Thursday that the Labour Party looks poised

London stocks rebound on metal miner rally ahead of UK election
Business|Economy|Finance

UK services growth cools, but by less than first feared, PMI shows

Growth across Britain's services companies slowed by less than first thought in June but it still ebbed to a seven-month low, according to a survey on Wednesday that pointed to modest

UK services growth cools, but by less than first feared, PMI shows
Asia|Business|Economy|Finance|News

Fearing a bank crisis, China is sounding the alarm about a bond market bubble

Fearing a bank crisis, China is sounding the alarm about a bond market bubble

Business|Finance|Technology

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut

The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut
Economy|Finance|News|US

US private payrolls growth slows in June

U.S. private payrolls increased a bit less than expected in June, consistent with slowing labor market momentum.

US private payrolls growth slows in June
Business|Economy|Finance|News|US

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week
Business|Economy|Finance|News|US

US trade deficit widens in May on weak exports

The U.S. trade deficit widened for a second straight month in May amid a decline in exports, indicating that trade likely remained a drag on economic growth in the second

US trade deficit widens in May on weak exports
Business|Economy|US

US weekly jobless claims rise as labor market gradually slows

First-time applications for U.S. unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2 year high

US weekly jobless claims rise as labor market gradually slows
Business|Finance|US

Wave of summer travel expected over July Fourth holiday as hot inflation loosens grip

Travel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels

Wave of summer travel expected over July Fourth holiday as hot inflation loosens grip
Business|Economy|Finance|US

US factory orders unexpectedly fall in May

New orders for U.S.-manufactured goods unexpectedly fell in May, while business spending on equipment appeared weaker than initially thought, government data showed on Wednesday

US factory orders unexpectedly fall in May
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%

The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
Economy|Finance|News|US

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
Asia|Business|Economy|Finance

Market mood bright, liquidity light

A look at the day ahead in Asian markets.

Market mood bright, liquidity light
Asia|Economy|Finance

Bank of Korea says it targets inflation rate, not prices

South Korea should try to address the country's high prices through structural reforms, a Bank of Korea official said, as the central bank mainly targets

Bank of Korea says it targets inflation rate, not prices
Business|Economy|Europe|Finance

Bets mount for US rate cut, UK political shake up

A look at the day ahead in European and global markets from Wayne Cole.

Bets mount for US rate cut, UK political shake up
Asia|Business|Economy|World

Japan faces shortage of almost a million foreign workers in 2040, think tank says

Japan faces a shortage of almost one million foreign workers in 2040 if the government wants to achieve its economic growth goals as the population dwindles, an estimate from a state

Japan faces shortage of almost a million foreign workers in 2040, think tank says
Business|Europe

UK construction growth cools ahead of election, PMI shows

Growth in British construction activity slowed in June as house-building declined, according to a survey on Thursday that showed a slowdown in new orders as some firms took a wait-

UK construction growth cools ahead of election, PMI shows
Business|Economy|News|US

What to look for in Friday’s jobs report

What to look for in Friday’s jobs report

What to look for in Friday’s jobs report
Africa|Economy|Finance|News

Kenya president spoke to IMF chief after pulling tax hikes, sources say

Kenyan President William Ruto spoke by phone with International Monetary Fund chief Kristalina Georgieva in the days after he withdrew $2.7 billion in proposed tax

Kenya president spoke to IMF chief after pulling tax hikes, sources say
Business|Economy|Election|Finance|News

Labour win brings few hopes or fears to London's financial district

Labour's landslide election win shows few signs of unsettling London's financial heartland after the party's lengthy pro-business overtures, though

Labour win brings few hopes or fears to London's financial district
Economy|Europe|Finance

Euro zone household savings highest since 2021, but investments fall

Household savings in the euro zone rose to their highest level in about three years while investments continued to fall in the first quarter of 2024,

Election|Europe|News

Britain's Labour Party cruises to election victory

Keir Starmer vowed to bring change to Britain as its next prime minister after his Labour Party surged to a comprehensive win in a national election on Friday, ending 14 years of

Britain's Labour Party cruises to election victory
Economy|Finance|News|US

Dollar stays lower after US jobs data; euro up ahead of French election

The U.S. dollar index stayed slightly lower on Friday after data showed U.S. job growth slowed marginally in June while the unemployment rate rose,

Dollar stays lower after US jobs data; euro up ahead of French election
Economy|Finance|News|US

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

US jobs report for June is likely to point to slower but still-solid hiring
Asia|Business|Economy|Finance|Stock Markets

BOJ report to reveal broadening wage rise trend, sources say

The Bank of Japan will highlight how wage hikes are broadening across companies, including at smaller firms, in a report later this month, sources familiar with its

BOJ report to reveal broadening wage rise trend, sources say
Business|Economy|News

What to expect from the June jobs report

What to expect from the June jobs report

What to expect from the June jobs report
Election|Finance|News|US

Bond market re-focus on US elections throws wrench into 2024 rally hopes

A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches.

Bond market re-focus on US elections throws wrench into 2024 rally hopes
Business|Economy|Finance|News|Stock Markets|US

Labor in focus - US jobs, new UK government

A look at the day ahead in U.S. and global markets from Mike Dolan While U.S. markets return from the Independence day holiday to assess significant cooling of the labor market stateside, British

Labor in focus - US jobs, new UK government
Africa|Economy|Finance

Kenya's Ruto proposes spending cuts after nationwide protests

Kenyan President William Ruto on Friday proposed spending cuts and additional borrowing in roughly equal measure to fill a nearly $2.7 billion budget hole caused

Kenya's Ruto proposes spending cuts after nationwide protests
Americas|Business|Economy|News|World

How does Canada's lowest hourly minimum wage stack up to the rest of the country?

How does Canada's lowest hourly minimum wage stack up to the rest of the country?

Economy|News|US

US inflation easing, job market similar to pre-pandemic conditions, Fed report says

Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray,

US inflation easing, job market similar to pre-pandemic conditions, Fed report says
Asia|Celebrity|Entertainment|Fashion and Beauty|Lifestyle

Justin Bieber to Mughal jewels: Ambani wedding transfixes India

Justin Bieber to Mughal jewels: Ambani wedding transfixes India

Justin Bieber to Mughal jewels: Ambani wedding transfixes India
Business|Economy|Finance

Fewer UK companies plan to increase prices, survey shows

Fewer British firms plan to raise their prices in the coming months, according to a survey that will give reassurance to the Bank of England as it considers the possibility of

Fewer UK companies plan to increase prices, survey shows
Asia|Business|Economy|News

Optimism rising high, soft landing on track

A look at the day ahead in Asian markets.

Optimism rising high, soft landing on track
Asia|Business|Economy|Finance|News

Prabowo's free-meal plan stirs investor fears about Indonesia's finances

Indonesia's

Prabowo's free-meal plan stirs investor fears about Indonesia's finances
Asia|Business|Finance|Stock Markets

Stock market today: Asian shares trade mostly higher after S&P 500, Nasdaq reach more records

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones

Stock market today: Asian shares trade mostly higher after S&P 500, Nasdaq reach more records
Business|Economy|Europe|Finance

French left outflanks the right

A look at the day ahead in European and global markets from Wayne Cole.

French left outflanks the right
Asia|Business|Economy|Finance|News

Bank of Japan signals progress in wage, price hikes

The Bank of Japan said wage hikes were broadening across the economy due to tight labour market conditions, signalling its confidence the country was making progress

Bank of Japan signals progress in wage, price hikes
Asia|Economy|News

Thai deputy Finance Minister says need to align policies to lift economic growth

Thailand's current potential economic growth rate of 3% is not satisfactory and prolonged below-target inflation is dangerous for

Business|Economy|Finance|News

JPMorgan cuts forecast for emerging market corporate defaults

Investment bank JPMorgan cut on Monday its forecast of the number of emerging market companies expected to default on their debt, following the biggest improvement in distressed-

JPMorgan cuts forecast for emerging market corporate defaults
Business|Economy|Finance|News|Stock Markets|US

Stocks surfing new highs, French surprise

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks start the week surfing new records into another earnings season and Federal Reserve testimony, while surprise French

Stocks surfing new highs, French surprise
Business|Economy|Finance|News

Bank of England's Haskel says he wants to keep interest rates on hold

Bank of England policymaker Jonathan Haskel said on Monday that he does not want to cut interest rates from their current 16-year high as

Bank of England's Haskel says he wants to keep interest rates on hold
Africa|Economy|Finance|News

Egypt's July-March current account deficit triples, central bank says

Egypt's current account deficit more than tripled to $17.1 billion in the first nine months of fiscal 2023/24 compared to $5.3 billion a year earlier as oil exports plunged by $7.2

Egypt's July-March current account deficit triples, central bank says
Uncategorized

NY Fed finds moderating near-term inflation expectations in June

By Michael S.

NY Fed finds moderating near-term inflation expectations in June
Africa|Economy|Finance|Food|News

Nigeria to suspend taxes on certain food imports to curb rising prices

Nigeria plans to suspend taxes on certain food imports including wheat and maize for 150-days, and recommend a retail price to try to bring under control rising

Nigeria to suspend taxes on certain food imports to curb rising prices
Business|Economy|US

Top 5% of taxpayers would get nearly half the benefit if Trump tax cuts are extended

Top 5% of taxpayers would get nearly half the benefit if Trump tax cuts are extended

Top 5% of taxpayers would get nearly half the benefit if Trump tax cuts are extended
Asia|Economy|Finance|News

Sri Lanka to wrap up bond talks soon, seek to balance India and China ties

Sri Lanka will wrap up talks with international bondholders on restructuring $12.5 billion in debt within a few weeks, Foreign Minister Ali

Sri Lanka to wrap up bond talks soon, seek to balance India and China ties
Australia|Business|Economy

Australia business conditions worsen in June, job outlook dims, survey shows

Australian business conditions worsened in June with the outlook for employment taking a notable hit, a survey showed on Tuesday, though firms were a little more confident as cost

Australia business conditions worsen in June, job outlook dims, survey shows
Asia|Economy|Political

Indonesia's Prabowo is exploring ways to remove fiscal deficit ceiling, Tempo reports

Indonesia's incoming President Prabowo Subianto is exploring ways to remove the fiscal deficit and debt-to-GDP ratio ceilings, aiming to fund his campaign pledges, investigative

Indonesia's Prabowo is exploring ways to remove fiscal deficit ceiling, Tempo reports
Business|Europe|Finance|News|Stock Markets|US

With France in limbo, spotlight swings to Washington

A look at the day ahead in European and global markets from Kevin Buckland Washington largely steals the spotlight from today, even with post-French-poll horsetrading at fever pitch.

With France in limbo, spotlight swings to Washington
Asia|Business|Economy|Finance

China's June new yuan loans seen surging on supportive policy: Reuters poll

China's new yuan loans likely more than doubled in June from May, a Reuters poll showed on Tuesday, as the central bank kept up policy support for the economy amid a shaky recovery

China's June new yuan loans seen surging on supportive policy: Reuters poll
Business|Economy|Finance

Some market players urge BOJ to halve bond buying as it eyes tapering

Some market players called on the Bank of Japan to slow its bond buying to roughly half the current pace under a scheduled tapering plan due out this month, the

Some market players urge BOJ to halve bond buying as it eyes tapering
Economy|Europe|News

New UK govt needs stronger growth to stabilise debt, rating firm S&P Global says

Stronger economic growth is key to stabilising Britain's rising public debt, credit rating agency S&P Global said on Tuesday, in its first comment on the new Labour government since

New UK govt needs stronger growth to stabilise debt, rating firm S&P Global says
Asia|Business|Economy|Finance

Thai central bank head says 3% potential growth rate not high enough

Thailand needs stronger economic growth as the current potential growth rate of about 3% is not high enough to help the economy expand sustainably in the long term, the central bank

Thai central bank head says 3% potential growth rate not high enough
Economy|Europe

German insolvencies higher than expected in H1, reports Handelsblatt

The number of medium-sized and large companies in Germany that went insolvent in the first half of this year was up 41% compared with the same period last year, the Handelsblatt

German insolvencies higher than expected in H1, reports Handelsblatt
Americas|Asia|Election|News|World

How this year of elections is set to reshape global politics

Elections are taking place this year in countries home to almost half of the world's population, from Taiwan's general election in January to

How this year of elections is set to reshape global politics
Business|Economy|News|US

US economy no longer overheated, Fed's Powell tells Congress

The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and in many ways is back where

US economy no longer overheated, Fed's Powell tells Congress
Asia|Business|Economy|Finance

India inflation seen up in June due to soaring vegetable prices: Reuters poll

India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to

India inflation seen up in June due to soaring vegetable prices: Reuters poll
Election|News|World

Iran's president-elect has limited ability to bring change

The election of relative moderate Masoud Pezeshkian as Iran's president has lifted the hopes of Iranians yearning for social freedoms and better relations with the

Iran's president-elect has limited ability to bring change
Business

Hungarian banks hit back at tax plans for 'defence fund'

Hungarian banks said on Tuesday that measures requiring them to contribute to a "defence fund" would damage their ability to lend, rejecting government allegations that they had

Hungarian banks hit back at tax plans for 'defence fund'
Business|Economy|Finance

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses

Rent inflation remains a pressure point for small businesses
Business|Economy|Finance|News|US

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
Economy|Europe

Hungary will build third terminal at Budapest Airport, economy minister says

Hungary will build a third terminal at Budapest's airport and develop road and rail routes linking it to the capital, Economy Minister Marton Nagy said on

Hungary will build third terminal at Budapest Airport, economy minister says
Business|Economy|Finance

New UK government puts wealth fund at heart of investment push

Britain's new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National

New UK government puts wealth fund at heart of investment push
Asia|Business|Finance|News|US

Debating the fate of rates

A look at the day ahead in Asian markets. Is a U.S. interest rate cut coming? If so, when?

Debating the fate of rates
Asia|Economy|News

China June consumer inflation misses forecasts amid anaemic demand

China's consumer prices grew for a fifth month in June but missed expectations, while producer price deflation persisted, with domestic demand mired on a

China June consumer inflation misses forecasts amid anaemic demand
Business|Economy|Finance|News|Stock Markets|World

New Zealand central bank maintains cash rate, signals potential for future easing

New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, but opened the door to monetary policy becoming less restrictive over time should

New Zealand central bank maintains cash rate, signals potential for future easing
Asia|Business|Economy|Finance

Thai Finance Minister says economy not good, wants relaxed mortgage rules

Thailand's economy is not good and the property sector needs urgent support due to weak demand and rising bad loans, the country's

Thai Finance Minister says economy not good, wants relaxed mortgage rules
Finance|Stock Markets|US

Rate cut prospects could bolster US stocks as investors await earnings, elections

The prospect of near-term interest rate cuts is bolstering the case for investors to remain bullish after a run in U.S. stocks that may soon be tested by

Rate cut prospects could bolster US stocks as investors await earnings, elections
Business|Economy|Europe|Finance

Turning the corner in the inflation fight

A look at the day ahead in European and global markets from Rae Wee Central bankers across the globe are finally showing increasing confidence that markets may be entering an era of lower rates, after

Turning the corner in the inflation fight
Business|Economy|Europe|Finance|News|Stock Markets|US

European shares rise on real estate boost, Kongsberg shines

European shares advanced on Wednesday amid broad-based gains and upbeat corporate updates while investors digested more comments from U.S.

European shares rise on real estate boost, Kongsberg shines
Economy|Environment|News|Science

Aggressive climate action needed to preserve stocks' value, paper says

Decision makers should pursue aggressive policies to bring climate change under control if they want to avoid losses in the value of global stocks that could top 50%, think-tank

Aggressive climate action needed to preserve stocks' value, paper says
Business|Economy|US

The US economy faces a new threat

The US economy faces a new threat

Africa|Economy|Finance|News

Lower growth forecast for Zimbabwe as drought ravages crop yields - Finance Minister

Zimbabwe has revised its economic growth forecast downwards as southern Africa's worst drought in decades ravages crop yields, its finance minister told Reuters

Lower growth forecast for Zimbabwe as drought ravages crop yields - Finance Minister
Business|Economy|Finance|Lifestyle|US

Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows

Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their parents

Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows
Business|World

OPEC sticks to 2024 oil demand view, sees strong travel season

OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient

OPEC sticks to 2024 oil demand view, sees strong travel season
Africa|Economy|News|World

Libya's parliament approves $18.3 billion additional budget to its appointed government

Libya's eastern-based parliament approved what it called an additional budget of 88 billion Libyan dinars ($18.3 billion) on Wednesday to its appointed government for the rest of

Libya's parliament approves $18.3 billion additional budget to its appointed government
Americas|Economy|Finance|News

Argentina inflation seen speeding up in June, ending five-month streak

Argentina inflation is expected to have accelerated to over 5% in June, which would end a five-month streak of slowing price increases, according to a Reuters

Argentina inflation seen speeding up in June, ending five-month streak
Business|Economy|Finance|News|Stock Markets|US

NYSE short interest fell 2.9 percent in late June

Short interest on the New York Stock Exchange fell 2.9 percent in late June, the exchange said on Wednesday.

NYSE short interest fell 2.9 percent in late June
Asia|Finance|News

US inflation report to set the tone

A look at the day ahead in Asian markets.

US inflation report to set the tone
Economy|Finance|Stock Markets|US

Dollar drops, yen surges as consumer prices fall in June

The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a

Dollar drops, yen surges as consumer prices fall in June
Asia|Business|Economy|Finance

Bank of Korea weighs rate cut timing as it delivers dovish hold

South Korea's central bank said it was time to prepare for a pivot to interest rate cuts but more evidence is needed to strengthen confidence that

Bank of Korea weighs rate cut timing as it delivers dovish hold
Business|Economy|Finance|Stock Markets|US

Global stock index falls with bond yields, dollar after US inflation data

A global index of stocks edged down and bond yields fell on Thursday after U.S. inflation data boosted bets on interest-rate cuts while the

Global stock index falls with bond yields, dollar after US inflation data
Europe|News|Sports

Countdown to CPI

A look at the day ahead in European and global markets from Tom Westbrook No doubt there are some sore heads around the City today after Ollie Watkins' stoppage-time strike sent England into Sunday's

Countdown to CPI
Asia|Business|Economy|News|Political

Thai consumer confidence hits 9-mth low in June on economic, political concerns

Thai consumer confidence dropped for a fourth straight month in June to its lowest level since last September due to concerns about an economic slowdown and political uncertainty,

Thai consumer confidence hits 9-mth low in June on economic, political concerns
Business|Economy|Europe

Half of German manufacturers expect revenue growth only in 2025, VDMA reports

More than half of German manufacturers consider an upturn in nominal revenue as realistic only next year after taking a more pessimistic outlook for 2024, a survey by the VDMA

Half of German manufacturers expect revenue growth only in 2025, VDMA reports
Asia|Economy|Finance|US

Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll

Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S.

Asian FX bears ease as U.S. rate cut bets solidify: Reuters poll
Asia|Business|Economy|News

China plenum to deliver policy agenda hindered by conflicting goals

China's leaders will seek to inject confidence in the economy at a highly anticipated meeting next week, but conflicting goals, such as boosting growth while cutting

China plenum to deliver policy agenda hindered by conflicting goals
Economy|Finance|News|US

Is inflation still cooling? Thursday's report on June prices will provide clues

Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases

Is inflation still cooling? Thursday's report on June prices will provide clues
Business|Economy|Finance|US

CPI caution seems no barrier, sterling surges

A look at the day ahead in U.S. and global markets from Mike Dolan If Federal Reserve boss Jerome Powell had any inkling of the June U.S. inflation readout when speaking to Congress this week, then

CPI caution seems no barrier, sterling surges
Business|Finance|Technology

India's TCS beats Q1 view, flags persistent demand uncertainty

Tata Consultancy Services, India's top IT services company, said despite slightly surpassing first-quarter revenue estimates, it is "

India's TCS beats Q1 view, flags persistent demand uncertainty
Business|Economy|Finance

Portfolio managers expect worse credit conditions in Q3, survey shows

Portfolio managers at the world's largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by the

Portfolio managers expect worse credit conditions in Q3, survey shows
Economy|Europe|Finance

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows

The European Central Bank will cut its deposit rate twice more this year, in September and December, according to a strong majority of economists polled by

ECB to trim rates in Sept and Dec, risks tilted towards fewer cuts, Reuters poll shows
Economy|Finance|US

Instant view- Tame US June CPI smoothes path for Fed ease

U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal

Instant view- Tame US June CPI smoothes path for Fed ease
Asia|Business|Finance

Yen rallies: CPI short squeeze or intervention?

A look at the day ahead in Asian markets. Did they or didn't they?

Yen rallies: CPI short squeeze or intervention?
Economy|Finance|Stock Markets

Dollar falls vs. yen, global stock index up, with focus on rate cuts

The dollar fell sharply against the yen for the second straight day, raising questions as to whether Japan was intervening, while a global

Dollar falls vs. yen, global stock index up, with focus on rate cuts
Business|Economy|Europe|Finance|Political|Stock Markets|US

Shunned UK markets emerge as haven from global storms

Investors are looking at UK markets as a potential haven as political uncertainty rises in the U.S. and elsewhere in Europe, in what could mark a

Shunned UK markets emerge as haven from global storms
Asia|Business|Finance|Stock Markets|Technology

India's TCS jumps after Q1 results indicate 'worst is over'

Tata Consultancy Services' shares gained nearly 3% on Friday, a day after India's top IT services firm reported first-quarter results that signalled early signs

India's TCS jumps after Q1 results indicate 'worst is over'
Asia|Economy|Finance

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%

HSBC Bank on Friday raised its forecast for Vietnam's gross domestic product growth for this year to 6.5% from its previous forecast of 6.0%, after second-quarter growth beats

HSBC raises Vietnam 2024 GDP growth forecast to 6.5%
Business|Economy|Finance|Stock Markets

Fading passive equity bias rumbling in US pension savings: Mike Dolan

While investors are still scrambling to get on board the shiniest new mega-trends and what seems like a runaway stock market, a slower-moving juggernaut from the past

Fading passive equity bias rumbling in US pension savings: Mike Dolan
Economy|Europe|News

French final June inflation confirmed at +2.5%

Consumer prices in France rose 2.5% year-on-year in June, statistics office INSEE said on Friday, confirming its preliminary reading published in late June.

French final June inflation confirmed at +2.5%
Asia|Business|Economy|Finance

BOJ survey shows wage growth spreading among small, medium Japanese firms

Momentum to raise wages has been spreading among small and medium firms in Japan this year, reflecting labour shortages and efforts to help employees tackle an inflationary squeeze,

BOJ survey shows wage growth spreading among small, medium Japanese firms
Asia|Business|Economy|Finance|News

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll

Japan's core consumer inflation probably picked up in June for a second straight month, a Reuters poll of 18 economists showed, keeping the central bank under

Japan consumer inflation to quicken as BOJ weighs interest rate hikes: Reuters poll
Asia|Business|Economy

Japan's government set to trim economic growth forecast, sources say

Japan is expected to slightly cut its forecast for economic growth of 1.3% in the fiscal year ending March 2025 as consumption takes a hit from rising import

Japan's government set to trim economic growth forecast, sources say
Asia|Business|Economy|Finance|News

China June new bank loans miss forecasts, some money gauges hit record lows

Chinese bank lending jumped less than expected in June while some key money gauges hit fresh record lows, highlighting weak demand in the world's second

China June new bank loans miss forecasts, some money gauges hit record lows
Business|Economy|Finance|US

Big bank quarterly results show signs of consumers slowing down spending

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

Big bank quarterly results show signs of consumers slowing down spending
Economy|Europe|News

Irish domestic economy grew much faster than estimated in 2023

Ireland's domestic economy last year grew much faster than initially estimated, with growth revised sharply higher to 2.6% from 0.5% and momentum continuing into the first quarter

Irish domestic economy grew much faster than estimated in 2023
Business|Economy|Finance|US

Global bond funds see hefty inflows on expectations of rate cut

Global debt funds attracted inflows for a 29th straight week in the seven days to July 10 on expectations of a Federal Reserve rate cut amid weakening labour market conditions and easing

Global bond funds see hefty inflows on expectations of rate cut
Business|Economy|Finance|US

A big change could come to the US economy in September

A big change could come to the US economy in September

Economy|Finance|News|US

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
Business|Finance|Stock Markets|US

US equity funds see outflows on caution ahead of earnings reports

U.S. equity funds faced their first weekly outflow in three weeks in the seven days to July 10 as caution and profit-taking took hold ahead of the new earnings season.

US equity funds see outflows on caution ahead of earnings reports
Economy|Finance|US

US producer price data points to subsiding inflation pressures

U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal

US producer price data points to subsiding inflation pressures
Economy|Finance|US

US consumer sentiment ebbs in July; inflation expectations improve

U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday.

US consumer sentiment ebbs in July; inflation expectations improve
Business|Economy|Finance|World

IMF gives Papua New Guinea access to about $125 million

The International Monetary Fund will provide Papua New Guinea with immediate access to about $125 million, the IMF said in a statement on Friday following its executive board's

IMF gives Papua New Guinea access to about $125 million
Economy|Opinion|US

Opinion: The galling mistake that led the US to its current debt problem

Opinion: The galling mistake that led the US to its current debt problem

Americas|Economy|Finance|News|World

Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped

Argentina's inflation edges up in June, breaking a months-long streak in a blow to President Milei
Americas|Economy|Finance|News

Argentina to sell dollars on parallel market as part of anti-inflation drive

Argentina's central bank will start selling U.S. dollars in the country's parallel foreign exchange markets in an effort to combat inflation and freeze the country's money

Argentina to sell dollars on parallel market as part of anti-inflation drive
Asia|Business|Economy|Technology

Thai economy faces upheaval due to factory closures and cheap Chinese imports

When Chinese electric vehicle maker BYD opened its first Southeast Asian factory in Thailand earlier this month, the nation of 66

Thai economy faces upheaval due to factory closures and cheap Chinese imports
Business|Economy|Finance|News

China's economy falters, raises pressure for more stimulus

China's economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile

China's economy falters, raises pressure for more stimulus
Asia|Business|Economy|Finance|News

Trump shooting overshadows markets, China GDP in spotlight

A look at the day ahead in Asian markets.

Trump shooting overshadows markets, China GDP in spotlight
Americas|Economy|Finance

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January

Argentina's economy ministry said on Sunday it will purchase just over $1.5 billion from the central bank to pay the total interest on the country's "Globales" and "Bonares"

Argentina to buy $1.5 billion from cenbank to pay bond interest due in January
Asia|Economy|News|Technology|World

China's Communist Party will signal its approach to the country's challenges at a meeting this week

China’s ruling Communist Party is starting a four-day meeting that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology

China's Communist Party will signal its approach to the country's challenges at a meeting this week
Asia|Economy|Finance

China central bank leaves medium-term rate unchanged as expected

China's central bank left a medium-term rate unchanged as expected on Monday when rolling over maturing medium-term loans.

China central bank leaves medium-term rate unchanged as expected
Asia|Business|Economy|Stock Markets

Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut: Reuters poll

Bank Indonesia (BI) will keep its key interest rate at 6.25% on Wednesday but will cut it by 25 basis points next quarter, earlier than previously

Bank Indonesia to hold rates at 6.25% on July 17, wait for U.S. Fed to cut: Reuters poll
Business|Economy|News

China's economy slowed in the last quarter as weak consumer demand dragged on growth

China says its economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter

China's economy slowed in the last quarter as weak consumer demand dragged on growth
Asia|Economy|News

China’s Communist Party meets to set direction for troubled economy

China’s Communist Party meets to set direction for troubled economy

China’s Communist Party meets to set direction for troubled economy
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian stocks are mixed after Dow sets a new record

Asian stocks are mixed as investors grappled with the weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing

Stock market today: Asian stocks are mixed after Dow sets a new record
Business|Economy|Finance|US

Powell opens key week of Fedspeak as rate cut case develops

Federal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of

Powell opens key week of Fedspeak as rate cut case develops
Business|Economy|US

Union workers at downsizing tractor factory weigh Biden vs. Trump

For workers at CNH Industrial's sprawling tractor plant just outside Racine, Wisconsin, debate over whether President Joe Biden or former President

Union workers at downsizing tractor factory weigh Biden vs. Trump
Economy|News|US

What Republicans won't say and Democrats don't like to discuss about US inflation

If the deep split in U.S. politics makes characterizations of economic data a dependable tell about party affiliation, the coming Republican and Democratic

What Republicans won't say and Democrats don't like to discuss about US inflation
Economy|Finance|News

Argentina economy snapshot: faltering recovery after plateau

Argentina's battered economy is expected to plateau and begin a fluctuating recovery in the second half of the year, according to forecasts by analysts and

Argentina economy snapshot: faltering recovery after plateau
Business|Economy|Finance|Stock Markets

BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks

Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped

BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
Economy|Europe|Finance|News

Every EU member state should comply with fiscal rules, German Finance Minister says

All European Union member states should comply with fiscal rules, German Finance Minister Christian Lindner said on Monday in Brussels.

Every EU member state should comply with fiscal rules, German Finance Minister says
Business|Economy|Finance

Canadian firms keep investments in check despite rate cut expectations

Canadian businesses expect interest rates to come down by as much as 100 basis points over the next year but their willingness to invest is below

Canadian firms keep investments in check despite rate cut expectations
Americas|Economy|Finance

Argentina's parallel peso strengthens on new economic measures, stock index plummets

The Argentine parallel market peso appreciated against the U.S. dollar on Monday while the local stock market suffered, after new economic measures introduced by President

Argentina's parallel peso strengthens on new economic measures, stock index plummets
Asia|Business|Economy

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy

Thailand is set to roll out a controversial $13.8 billion handout plan in digital money to citizens
Business|Economy|Finance|US

Dollar rises on retail sales boost

The dollar rose on Tuesday, on track for a second straight daily gain, after a reading of retail sales proved to be firmer than expected, but was still soft

Dollar rises on retail sales boost
Asia|Business|Economy|Finance|Stock Markets

For global investors, China is a slow-burning trade

For global investors with money in China's stock markets, the latest economic numbers are not of any comfort and just a

For global investors, China is a slow-burning trade
Business|Economy|Finance

Thailand approves $2.8 billion soft loan scheme for commercial banks

Thailand's cabinet on Tuesday approved a 100 billion-baht ($2.8 billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-

Thailand approves $2.8 billion soft loan scheme for commercial banks
Asia|Business|Finance|Stock Markets

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Stock market today: Asian stocks slip, while Australian index tracks Wall St rally to hit record
Business|Economy|Finance|Food|News|Stock Markets

UK grocery inflation falls to 1.6%, says Kantar

UK grocery inflation has slowed this month to its lowest level since September 2021, coinciding with the fastest rise in monthly supermarket shopper numbers so far

UK grocery inflation falls to 1.6%, says Kantar
Business|Economy|Finance|US

Investors are optimistic but wary of geopolitics, BofA says

Expectations U.S. interest rates will fall, preventing a hard landing for the economy, has kept investors bullish, although geopolitics pose the biggest risk to that

Investors are optimistic but wary of geopolitics, BofA says
Europe|Finance

Euro zone households seek loans again after two years - ECB

Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic about the economy and interest rates fall, a European

Euro zone households seek loans again after two years - ECB
Economy|Europe|Finance

German investor morale falls sharply in July, ZEW says

German investor morale deteriorated more than expected in July, registering its first fall in a year and suggesting the recovery in the euro zone's largest economy

German investor morale falls sharply in July, ZEW says
Business|Economy|Finance|News|Opinion|Stock Markets

The Dow’s surge is a calculated response to political turmoil

The Dow’s surge is a calculated response to political turmoil

Business|Economy|Finance|News|Stock Markets

Stocks surge after retail sales data shows Americans are still shopping

Stocks surge after retail sales data shows Americans are still shopping

Stocks surge after retail sales data shows Americans are still shopping
Business|Economy|News|US

US retail sales report showcases consumer, economic resilience

U.S. retail sales were unchanged in June as a drop in receipts at auto dealerships was offset by broad strength elsewhere, a display of consumer resilience

US retail sales report showcases consumer, economic resilience
Business|Economy|Finance|News

New inflation warning: Get used to high interest rates, IMF says

New inflation warning: Get used to high interest rates, IMF says

New inflation warning: Get used to high interest rates, IMF says
Business|Economy|Finance

Summer pause: Small business sales growth tapers in June as consumers take a breather on spending

Small business sales growth slowed in June as consumers took a pause on spending

Summer pause: Small business sales growth tapers in June as consumers take a breather on spending
Economy|Finance|News|US

Fed's Kugler cautiously optimistic inflation headed to 2% target

Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank's 2% target, with goods,

Fed's Kugler cautiously optimistic inflation headed to 2% target
Business|Finance

It’s not just Bob Menendez: Americans really love gold bars

It’s not just Bob Menendez: Americans really love gold bars

It’s not just Bob Menendez: Americans really love gold bars
Asia|Business|Economy|Finance

Mixed global signals, Indonesia rate call eyed

A look at the day ahead in Asian markets.

Mixed global signals, Indonesia rate call eyed
Business|Economy|Finance

Japan's mixed business sentiment highlights patchy economic outlook

Japanese manufacturers became more confident about business conditions in July whereas those in the service sector cooled, the

Japan's mixed business sentiment highlights patchy economic outlook
Asia|Economy|Finance

ADB slightly raises 2024 growth forecast for developing Asia

The Asian Development Bank (ADB) slightly raised its growth forecast for developing Asia this year due to stronger domestic demand and export growth, but said downside risks from a

ADB slightly raises 2024 growth forecast for developing Asia
Asia|Business|Economy|Finance|News

Singapore's June exports fall steeper than forecast

Singapore's non-oil domestic exports in June fell 8.7% from the same month a year earlier, data showed on Wednesday, weighed down mainly by weakness in non-electronic products.

Singapore's June exports fall steeper than forecast
News|Travel|World

China strives to lure foreign tourists, but it's a hard sell for some

Guilherme Carvalho made his first visit to China this month, and the Italian said one of the main factors behind the trip was the post-pandemic policy

China strives to lure foreign tourists, but it's a hard sell for some
Asia|News

Thailand's extra $3.4 billion budget for stimulus clears first parliamentary vote

The Thai government's additional 122 billion baht ($3.4 billion) budget bill for the 2024 fiscal year to finance its signature

Thailand's extra $3.4 billion budget for stimulus clears first parliamentary vote
Asia|Business|Economy|Election|News

China's Communist Party charts technology- and security-focused development for reviving the economy

In a year of major elections setting the course of many countries for years to come, China’s ruling Communist Party is holding top-level meetings in Beijing to draft policies for reviving its slowing economy

Asia|Business|Economy|Finance|News|Stock Markets|World

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Asian shares are mostly lower, with Tokyo's benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally
Business|Economy|Finance

Indonesia central bank holds interest rates steady, as expected

Indonesia's central bank held its benchmark interest rate steady on Wednesday, as expected, saying the current level remained consistent to

Indonesia central bank holds interest rates steady, as expected
Business|Economy|Finance

'Garbage time': China’s slump spins out new meme of economic despair

China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage

'Garbage time': China’s slump spins out new meme of economic despair
Economy|Finance|Food

India's food subsidies to cost 11% more than initial plan, sources say

India is likely to spend 2.25 trillion rupees ($11.97 billion) on food subsidies this financial year, four government sources said,

India's food subsidies to cost 11% more than initial plan, sources say
Business|Technology

Small caps soar in catch-up rotation, Trump jars Taiwan

(Republishes newsletter to embed graphics.)

Small caps soar in catch-up rotation, Trump jars Taiwan
US

Top Fed officials say they are 'closer' to cutting interest rates

By Howard Schneider and Michael S.

Top Fed officials say they are 'closer' to cutting interest rates
Economy|News|US|World

Cooling prices chill drive to add wheat acres in US Corn Belt

A Biden administration drive to increase U.S. wheat plantings after the Ukraine war is faltering as wheat prices hover around four-year lows and exportable

Cooling prices chill drive to add wheat acres in US Corn Belt
Business|Economy|Europe|Finance|Stock Markets

Euro falls after ECB holds rates, dollar climbs after data

The euro fell on Thursday after the European Central Bank kept rates steady, as was widely expected, while the dollar index climbed after stronger-than-

Euro falls after ECB holds rates, dollar climbs after data
Business|Economy|News|US

Oil prices steady as US rate-cut hopes contend with economic slowdown signals

Oil prices steadied on Thursday as investors wrestled with mixed signals about crude demand, with concerns about an economic slowdown in the U.S. contending with

Oil prices steady as US rate-cut hopes contend with economic slowdown signals
Business|Election|Finance|Stock Markets|US

Rotation trade takes small caps from dead money to Wall Street darlings

U.S. small-cap stocks are having a long-awaited moment, ignited by expectations of interest rate cuts and improving prospects for the election of Republican

Rotation trade takes small caps from dead money to Wall Street darlings
Asia|Business|Economy|Finance

South Korea vows all-out effort to stabilise rising house prices

South Korea's finance minister on Thursday vowed to take policy steps to stabilise the real estate market, as house prices are rising in the area of the capital Seoul.

South Korea vows all-out effort to stabilise rising house prices
Economy|Finance|News

What are Japan's tactics based on latest suspected intervention?

Japan is suspected to have intervened in the foreign exchange market to prop up the yen on several occasions this month, underscoring its discomfort over the pain the currency's fall

What are Japan's tactics based on latest suspected intervention?
Economy|Europe|Finance

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Business|Economy|Europe|Finance|News|Stock Markets

FTSE indexes supported by positive corporate update

British stocks rose on Thursday after a slew of positive corporate updates, while data showed UK wage growth slowed but not enough to seal expectations

FTSE indexes supported by positive corporate update
Business|Economy|Finance|News

China reaffirms lofty policy goals, offers no implementation details

Chinese leaders reiterated their wide-ranging economic policy goals on Thursday, from modernizing industry to expanding domestic demand and

China reaffirms lofty policy goals, offers no implementation details
Business|Finance|Stock Markets|US

KeyCorp forecasts bigger drop in annual average loans on tepid demand

KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional

KeyCorp forecasts bigger drop in annual average loans on tepid demand
Business|Economy|Opinion

Opinion: Why we can’t give up on capitalism

Opinion: Why we can’t give up on capitalism

Business|Economy|Finance

India cenbank pegs natural rate higher, analysts caution on policy easing

India's central bank said on Thursday that the economy's natural rate of interest has increased since the pandemic and will rise further, driven by the growth of

India cenbank pegs natural rate higher, analysts caution on policy easing
Business|Economy|Europe|Finance|Stock Markets

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'

The European Central Bank kept interest rates unchanged on Thursday, and gave no hints as to what investors might expect at its next meeting, saying September was "wide open" and

Instant View: ECB leaves rates unchanged; Lagarde says September is 'wide open'
Economy

ECB hawks open to September rate cut if data supports it, sources say

Even some of the European Central Bank's more hawkish policymakers are open to an interest rate cut in September, provided incoming data confirm that disinflation is continuing,

ECB hawks open to September rate cut if data supports it, sources say
Asia|Finance

Hoping for calm after tech storm, Japan CPI eyed

A look at the day ahead in Asian markets.

Hoping for calm after tech storm, Japan CPI eyed
Asia|Business|Economy|Finance|News

Japan cuts growth forecast, prime minister warns of weak-yen pain

Japan's government cut this year's growth forecast on Friday as consumption took a hit from rising import costs due to a weak yen, highlighting the fragile nature of

Japan cuts growth forecast, prime minister warns of weak-yen pain
Asia|Business|Economy|News|World

Chinese officials expect bumpy ride for economy after policy meeting

Chinese officials acknowledged on Friday the sweeping list of economic goals re-emphasised at the end of a key Communist Party meeting this week

Chinese officials expect bumpy ride for economy after policy meeting
Business|Europe|Finance|Stock Markets|Technology|US

Markets strap in for a bumpy ride

A look at the day ahead in European and global markets from Rae Wee It's been a turbulent week for investors marked by a tech selloff on the back of deepening Sino-U.S. trade tensions, uncertainty

Markets strap in for a bumpy ride
Business|Economy|Europe|Finance|News|US

First to hike, last to cut? BoE caution cossets pound: Mike Dolan

First to hike, first to hit its inflation target - and the last to cut?

First to hike, last to cut? BoE caution cossets pound: Mike Dolan
Economy|Finance

UK borrowing overshoot underscores task for new government

Britain's government borrowed a lot more than forecast in June, according to official data published on Friday that highlighted the big budget challenges facing

UK borrowing overshoot underscores task for new government
Business|Economy|Europe|Finance

ECB policymakers back more rate cuts as inflation heads back to goal

Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year.

ECB policymakers back more rate cuts as inflation heads back to goal
Business|Economy|News

China economy: Key meeting offers few clues on how to tackle worsening downturn

China economy: Key meeting offers few clues on how to tackle worsening downturn

China economy: Key meeting offers few clues on how to tackle worsening downturn
Business|Economy|Finance|US

Fed faces wave of data before deciding on end-of-summer rate cut

Investors have locked onto the U.S. central bank's Sept. 17-18 meeting for the start of interest rate cuts that Federal Reserve Chair Jerome Powell has said

Fed faces wave of data before deciding on end-of-summer rate cut
Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street finishes worst week since April with more losses

U.S. stocks slumped following another washout

Stock market today: Wall Street finishes worst week since April with more losses
Business|Economy|Finance|Stock Markets|US

Global equity funds draw fourth weekly inflow amid rate cut bets

Global equity funds attracted inflows for a fourth successive week in the seven days to July 17, spurred by expectations of a Federal Reserve rate cut after recent data showed cooling

Global equity funds draw fourth weekly inflow amid rate cut bets
Economy|Europe|News

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows

Euro zone inflation will continue to slow in the coming years and could dip below the European Central Bank's 2% target by 2026%, an ECB survey showed on Friday.

Euro zone inflation will continue easing, may fall below 2% in 2026, ECB survey shows
Asia|Business|Economy|World

They used to work for China’s biggest companies. Now they’re doing manual labor

They used to work for China’s biggest companies. Now they’re doing manual labor

They used to work for China’s biggest companies. Now they’re doing manual labor
Business|Economy|Europe|Finance|Political

UK finance minister hints at above-inflation pay rises for public sector workers

Britain's new finance minister Rachel Reeves said she will consider giving inflation-busting pay increases for almost 2 million government employees later this month to avoid

UK finance minister hints at above-inflation pay rises for public sector workers
Business|Economy

Opinion: Increasing the minimum wage comes at too high a price for workers

Opinion: Increasing the minimum wage comes at too high a price for workers

Asia|Business|Economy|Finance

Japan's budget request to exceed $698 billion for fourth straight year, draft shows

Japanese ministries' budget demand for the next fiscal year is likely to exceed 110 trillion yen ($698 billion) for the fourth straight year, according to a

Japan's budget request to exceed $698 billion for fourth straight year, draft shows
Asia|Business|Economy|Finance|News

India's inflation targeting framework must be re-examined, government report says

India's monetary policy framework should consider targeting inflation that excludes food, the prices of which are influenced more by supply than demand, the government's 2023/24

India's inflation targeting framework must be re-examined, government report says
Asia|Business|Economy|Technology

Taiwan June export orders miss forecast, China demand weakens

Taiwan's export orders rose less than expected in June on weak demand from the island's top trading partner China and for laptops and mobile phones, even as chips saw continued

Taiwan June export orders miss forecast, China demand weakens
Business|Economy|Finance

China's revenue from government land sales down 18.3% year on year

China's government posted an extended decline in land sales revenue in the first half of 2024, finance ministry data showed on Monday.

China's revenue from government land sales down 18.3% year on year
Business|Economy|Europe|Finance

ECB's Kazimir opens door to two more rate cuts

European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

ECB's Kazimir opens door to two more rate cuts
Business|Lifestyle|Technology

It’s becoming harder to get — and keep — a car

It’s becoming harder to get — and keep — a car

It’s becoming harder to get — and keep — a car
Economy|Finance

Saudi Arabia's growth this year marred by lower for longer oil output: Reuters poll

Saudi Arabia's economic growth will likely be one of the slowest among the Gulf Cooperation Council (GCC) countries this year, according to a Reuters poll of

Saudi Arabia's growth this year marred by lower for longer oil output: Reuters poll
Business|Economy|Finance|News

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal

Ukraine announced on Monday a preliminary deal with a bondholder group to restructure $19.7 billion in debt.

Key aspects of Ukraine's unprecedented $20 billion debt restructuring deal
Economy|Europe|Finance|News

Bundesbank flags risks to bringing down inflation

Strong wage growth is making it harder to bring down inflation in the euro zone, the German central bank said on Monday, calling for a careful approach to further interest rate

Bundesbank flags risks to bringing down inflation
Business|Economy|Finance|News|US

Fed may be on cusp of emerging from 'elevated' inflation blues

In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and

Fed may be on cusp of emerging from 'elevated' inflation blues
Business|Economy|Finance|News|Stock Markets

Interest rate sensitive shares lift TSX ahead of BoC decision

Canada's main stock index rose on Monday, with the real estate and utilities sectors leading a broad-based rally ahead of an expected interest rate cut this week by the Bank

Interest rate sensitive shares lift TSX ahead of BoC decision
Americas|Economy|Finance

Brazil's economy seen growing steadily, fiscal deficit to stay high: Reuters poll

Brazil's economy will continue growing at a steady pace over the medium term thanks to a continuous rise in public spending that is set to keep fiscal

Brazil's economy seen growing steadily, fiscal deficit to stay high: Reuters poll
Asia|Business|Economy|Finance

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll

After more than a year of moderate expansion, South Korea's economic growth likely slowed to a near halt last quarter as higher borrowing costs held back

South Korea's economic growth likely slowed sharply in second quarter: Reuters poll
Asia|Economy|Finance

Singapore seen keeping monetary policy unchanged amid inflation risks

Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook

Singapore seen keeping monetary policy unchanged amid inflation risks
Asia|Economy|News|World

China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well

China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well

China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well
Election|Finance|US

Tesla, Alphabet earnings take centre stage

A look at the day ahead in European and global markets from Tom Westbrook Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics

Tesla, Alphabet earnings take centre stage
Africa|Economy|Environment

Insect wreaks havoc on Tunisia’s crucial prickly pear industry

A tiny insect is ravaging Tunisia’s prickly pears, a critical source of revenue for the North African country's agriculture sector and economy.

Insect wreaks havoc on Tunisia’s crucial prickly pear industry
Business|Economy|Finance|World

G20 draft communique sees growing chance of global economic 'soft landing'

Group of 20 finance leaders are expected to cheer the growing likelihood of a global economic "soft landing" while warning of the risks from

G20 draft communique sees growing chance of global economic 'soft landing'
Africa|Economy|Finance|News

Ghana revises 2024 growth forecast higher as economy rebounds

Ghana's finance minister raised the country's 2024 growth forecast on Tuesday and said the West African nation was rebounding faster

Ghana revises 2024 growth forecast higher as economy rebounds
Asia|Economy

South Korean consumers turn most optimistic in 27 months

South Korea's consumer sentiment in July was the most optimistic in 27 months, with a brighter spending outlook due to easing inflation concerns, a central bank survey showed on

South Korean consumers turn most optimistic in 27 months
Asia|Business|Economy

Japan's July factory activity slips, service sector solid, PMI shows

Japan's factory activity contracted slightly in July as output and new orders fell and firms remained under pressure from higher prices, a business survey showed on Wednesday.

Japan's July factory activity slips, service sector solid, PMI shows
Asia|Economy|Finance|Technology

Thailand says $13.8 billion handout scheme a vital boost for sluggish economy

Thailand's 500 billion baht ($13.85 billion) "digital wallet" handout scheme is a necessary stimulus measure to boost a lagging economy held back by low income and high household

Thailand says $13.8 billion handout scheme a vital boost for sluggish economy
Asia|News

Thai court to decide embattled PM Srettha's fate on August 14

Thailand's Constitutional Court said on Wednesday it will hand down its verdict on Aug. 14 in a case that seeks the dismissal of

Thai court to decide embattled PM Srettha's fate on August 14
Asia|Business|Economy|Finance|News

India's business growth at three-month high in July, PMI shows

India's business activity accelerated at its fastest pace in three months in July thanks to strong demand, especially in the services sector, according to a

India's business growth at three-month high in July, PMI shows
Business|Europe|Finance|Stock Markets|US

Lacklustre earnings keep investors jittery

A look at the day ahead in European and global markets from Ankur Banerjee A sales miss by luxury giant LVMH due to Chinese shoppers keeping a lid on spending and disappointing results from major U.S.

Lacklustre earnings keep investors jittery
Business|Economy|Europe|Finance

German consumer sentiment recovers significantly in August, finds GfK

German consumer sentiment is set to recover significantly heading into August as households' income expectations hit their highest point in over two years due to slightly lower

German consumer sentiment recovers significantly in August, finds GfK
Business|Economy|Europe|Sports

French services sector grew in July, helped by Olympics, PMI shows

France's dominant services sector expanded in July, a survey showed on Wednesday, helped by a pick-up in business from the Olympic Games although the country's

French services sector grew in July, helped by Olympics, PMI shows
Business|Europe

Porsche bids to restore output, tackle supply chain risks in second half

Porsche said on Wednesday it was fighting to restore production volumes and re-prioritise spending towards a more flexible product line-up after months of

Porsche bids to restore output, tackle supply chain risks in second half
Business|Economy|Finance|News|Stock Markets

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
Asia|Business|Economy|Finance

Sri Lanka cuts rates to stimulate economic recovery

Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday in a surprise decision aimed at spurring economic recovery following the country's

Sri Lanka cuts rates to stimulate economic recovery
Asia|Business|Economy|Finance|News

Some members on Japan panel urge BOJ to raise rates to counter weak yen

The Bank of Japan must raise interest rates to prevent excessive declines in the yen, private-sector members of a key government council said at a meeting last week where Governor

Some members on Japan panel urge BOJ to raise rates to counter weak yen
Business|Economy|Finance|News|Stock Markets|US

High earnings bar, Harris polling bump

A look at the day ahead in U.S. and global markets from Mike Dolan Wall St has suddenly become a tough crowd to please.

High earnings bar, Harris polling bump
Business|Economy|News

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores

A 134-year-old home goods retailer filed for bankruptcy and is closing more than 70 stores
Business|Economy|Finance|News|Stock Markets|US

Visa's revenue miss prompts caution on Wall Street

Visa's underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing

Visa's revenue miss prompts caution on Wall Street
Business|Economy|Europe|Finance

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll

The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it

Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say: Reuters poll
Business|Economy|Finance|News

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Business|Economy|Finance|News|US

US new home sales fall to seven-month low in June

Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery

US new home sales fall to seven-month low in June
Business|Europe|Finance|Stock Markets

Stock rout spreads beyond tech

A look at the day ahead in European and global markets from Kevin Buckland The global equity sell-off looks set to extend into Europe on Thursday although the region may be spared the carnage in parts

Stock rout spreads beyond tech
Asia|Business|Economy|Finance|News

Market analysts react to surprise rate cut in China

China surprised financial markets with an off-cycle cut to bank funding costs on Thursday.

Market analysts react to surprise rate cut in China
Asia|Economy|Finance|News

Japan govt maintains economic assessment, downgrades view on exports

Japan's government on Thursday maintained its assessment on the economy but offered a bleaker view than last month on exports due to the fallout from slowing

Japan govt maintains economic assessment, downgrades view on exports
Asia|Business|Economy|Finance|News|World

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy

Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year

Indonesia launches 'Golden Visa' to lure foreign investors, boost economy
Business|Economy|Europe

German, French companies less hopeful over economic recovery

Companies in the euro zone's two largest economies are growing more pessimistic, surveys showed on Thursday, raising concerns over

German, French companies less hopeful over economic recovery
Asia|Business|Economy|Finance

Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease - Reuters poll

Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state's growth and inflation dynamics continue to support the local unit,

Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease - Reuters poll
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Shares are mostly higher in Asia, with major markets apart from Shanghai and Taiwan logging modest gains

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
Business|Finance|Stock Markets|US

Growth angst or air pocket? Stocks nurse losses

A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is

Growth angst or air pocket? Stocks nurse losses
Asia|Business|Economy|Finance|Technology

China cuts 1-year benchmark rate and doubles subsidies for EVs in its 'cash for clunkers' program

China has ratcheted up its efforts to spur slowing growth by cutting a key policy rate and doubling subsidies for electric vehicles bought to replace older cars

Business|Economy|US

The US economy is pulling off something historic

The US economy is pulling off something historic

The US economy is pulling off something historic
Economy|News|US

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels

Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels

Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels
Africa|Economy|Finance

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll

Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse

Inflation in key African economies unlikely to slow to targets anytime soon - Reuters poll
Business|Economy|Finance|News|Stock Markets|US

Fed seen holding rates steady in July, start cuts in Sept

Federal Reserve policymakers are seen leaving their short-term interest-rate target in the 5.25%-5.50% range next week and waiting until September to start a string of quarter-point

Fed seen holding rates steady in July, start cuts in Sept
Africa|Business|Economy|Finance

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger

Zimbabwe's 2024 budget deficit is forecast to be 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday, but warned that concerns remained

Zimbabwe budget deficit seen at 1.3% of GDP, but drought concerns linger
Business|Finance|Stock Markets

Investors recoil as this year's 'everything rally' screeches to a halt

Investors are ditching some of this year's favourite trades as a retreat in the glitzy megacaps risks snowballing into a multi-pronged selloff that

Investors recoil as this year's 'everything rally' screeches to a halt
Business|Economy|Finance|World

G20 finance ministers discuss a global tax on the super-rich

Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich

G20 finance ministers discuss a global tax on the super-rich
Business|Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Business|Economy|Finance|News|Stock Markets|US

US inflation data lifts global stocks, lowers Treasury yields

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an

US inflation data lifts global stocks, lowers Treasury yields
Asia|Economy

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024
Asia|Economy|News|World

North Korea's economy surged in 2023 after years of contraction, South estimates

North Korea's economy grew sharply in 2023 after shrinking for three straight years as trade with China increased after COVID-19 pandemic border controls were eased,

North Korea's economy surged in 2023 after years of contraction, South estimates
Europe|Finance|Stock Markets|US

Stocks on firmer footing after wild week

A look at the day ahead in European and global markets from Kevin Buckland An element of calm has returned to markets as a wild week winds down, with European and U.S. stock futures pointing overall

Stocks on firmer footing after wild week
Asia|Business|Economy|Finance

Japan June industrial output seen down on auto production suspention: Reuters poll

Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday.

Japan June industrial output seen down on auto production suspention: Reuters poll
Asia|Business|Economy|Finance|Stock Markets

What the BOJ's reduced bond buying will mean for markets

The Bank of Japan (BOJ) is expected to unveil details of a quantitative tightening (QT) plan at its monetary policy meeting next week, aimed at reducing its holdings

What the BOJ's reduced bond buying will mean for markets
Business|Economy|News|Stock Markets|US

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small

Wall Street rallied following encouraging reports on inflation and on strong profits at 3M and other big U.S. companies

Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
Economy|Europe|Finance

Euro zone consumers stopped lowering inflation expectations in June

Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank survey showed on Friday.

Euro zone consumers stopped lowering inflation expectations in June
Business|Economy|Finance|Stock Markets|US|World

Equities, bonds draw inflows in latest week, BofA report says

Most regions saw equity inflows in the week to Wednesday, led by emerging markets and the U.S., Bank of America Global Research said, as investors brought forward expectations for

Equities, bonds draw inflows in latest week, BofA report says
Economy|News|Sports

Hosting the Olympics has become financially untenable, economists say

Hosting the Olympics has become financially untenable, economists say

Hosting the Olympics has become financially untenable, economists say
Economy|Finance|News|US

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September

Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
Business|Economy|Finance|US

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation

Cooling US inflation bolsters September rate cut hopes
Economy|Finance

EBRD vice president says Turkey's economy programme yielding results

Turkey's economic turnaround is yielding results, EBRD Vice President Matteo Patrone told Reuters on Friday, adding that the bank aims to match

EBRD vice president says Turkey's economy programme yielding results
Business|Economy|Finance|Technology|US

US equity funds attract inflows, defying a tech selloff

U.S. investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility

US equity funds attract inflows, defying a tech selloff
Business|Economy|Europe|Finance

ECB's Schnabel still sees tough 'last mile' in inflation fight

The European Central Bank still faces a tough "last mile" in its fight against high inflation, as evidenced by stubbornly high growth in the prices of services, ECB board member

ECB's Schnabel still sees tough 'last mile' in inflation fight
Business|Economy|Finance|World

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday

G20 agrees to tackle taxation of the super-rich, but forum not yet decided
Asia|Business|Economy|Finance

Vietnam's Jan-July foreign investment inflows up 8.4% y/y at $12.55 billion

Vietnam received foreign investment inflows of $12.55 billion from the start of the year to July 20, up 8.4% from the corresponding period a year earlier, the planning and investment

Economy|News

Harris freshens up her message on the economy as Trump and Republicans go after her on inflation

Since President Joe Biden left the White House race, Vice President Kamala Harris has begun to craft her own narrative around the economy

Harris freshens up her message on the economy as Trump and Republicans go after her on inflation
Asia|Business|Economy|Europe|News|World

Italy and China sign a 3-year action plan as Italian leader Meloni tries to reset relations

Italy’s Prime Minister Giorgia Meloni says Italy and China have signed a three-year action plan to implement past agreements and experiment with new forms of cooperation

Italy and China sign a 3-year action plan as Italian leader Meloni tries to reset relations
Economy|Finance|News|US

See where inflation is the highest and lowest in America

See where inflation is the highest and lowest in America

See where inflation is the highest and lowest in America
Business|Economy|Finance|US

The Fed nears its 2% solution after a punishing bout of rising prices

Inflation is nearing the Federal Reserve's 2% target, and the central bank is expected to begin cutting interest rates as soon as September.

The Fed nears its 2% solution after a punishing bout of rising prices
Business|Economy|Finance|News|Stock Markets|US

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September

Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
Business|Economy|Finance|News|US

Global economy's growing resilience at odds with rate cut expectations: Reuters poll

Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher

Global economy's growing resilience at odds with rate cut expectations: Reuters poll
Americas|Economy|Finance

Venezuela's sovereign, PDVSA bonds drop after contested election result

Venezuela's bonds and those of state oil firm PDVSA fell deeper into distressed territory on Monday after both President Nicolas Maduro and

Venezuela's sovereign, PDVSA bonds drop after contested election result
Economy|Finance

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances

Britain's new finance minister, Rachel Reeves, told parliament her Conservative predecessor had left public spending on track to go over budget

New UK government cuts billions of pounds of spending to fix 'unsustainable' finances
Economy|Finance

IMF approves release of $820 million for Egypt, calls for more reforms

The International Monetary Fund said on Monday it had completed a review allowing Egypt to draw $820 million, saying efforts to restore

IMF approves release of $820 million for Egypt, calls for more reforms
Asia|Business|Economy|Finance|News

Chinese leaders pledge to tilt stimulus towards consumers

Chinese leaders signalled on Tuesday that the stimulus measures needed to reach this year's economic growth target will be directed at consumers,

Chinese leaders pledge to tilt stimulus towards consumers
Economy|Europe

German economy unexpectedly shrinks, inflation ticks higher

The German economy unexpectedly contracted in the second quarter after skirting a recession at the beginning of the year and July's inflation rose, showing the

German economy unexpectedly shrinks, inflation ticks higher
Africa|Economy|Finance

Ethiopia's IMF deal paves way for debt restructuring, official says

Ethiopia's new $3.4 billion financing deal with the International Monetary Fund paves the way for completion of its long-delayed debt restructuring in the

Ethiopia's IMF deal paves way for debt restructuring, official says
Business|Economy|Finance

Pakistan's finance ministry forecasts July inflation of 12% to 13%

Pakistan's finance ministry expects inflation in July to range between 12% and 13%, easing further in August to stand between 11.0% and

Pakistan's finance ministry forecasts July inflation of 12% to 13%
Asia|Business|Economy|Finance

S&P maintains Indonesia's credit ratings, but flags fiscal uncertainties ahead

S&P Global Ratings affirmed on Tuesday Indonesia's ratings at BBB investment grade with a stable outlook, but flagged fiscal uncertainties from the incoming government led by

S&P maintains Indonesia's credit ratings, but flags fiscal uncertainties ahead
Business|Economy|Finance|News|US

US home prices unchanged in May; annual gain smallest in 10 months

U.S. single-family home prices were unchanged in May and the annual increase was the smallest in 10 months as higher mortgage rates stifled demand, boosting housing supply.

US home prices unchanged in May; annual gain smallest in 10 months
Africa|Economy

Ethiopia's currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation’s economy

Business|Economy|News|US

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
Business|Economy

American consumers feeling more confident in July as expectations of future improve

American consumers felt more confident in July as expectations over the near-term future rebounded

American consumers feeling more confident in July as expectations of future improve
Economy|Finance|News|US

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

It’s not the end of the world if the Fed doesn’t cut rates tomorrow

Asia|Business|Economy|Finance|Stock Markets

BOJ lifts rates, signals slow end to historic bond buying binge

The Bank of Japan raised interest rates to levels unseen in 15 years and unveiled a detailed plan to slow its massive bond buying, taking another

BOJ lifts rates, signals slow end to historic bond buying binge
Asia|Business|Economy

Japan June factory output falls 3.6% m/m

Japan's factory output fell 3.6% in June from the previous month, versus a median market forecast for a 4.8% drop, government data showed on Wednesday.

Japan June factory output falls 3.6% m/m
Business|Economy|Finance|News|US

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years

Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools
Africa|Economy|Finance|News

Ghana's Mahama would renegotiate IMF deal if he regains presidency

Former Ghanaian president John Dramani Mahama will try to renegotiate terms of an International Monetary Fund bailout and boost local ownership of future

Ghana's Mahama would renegotiate IMF deal if he regains presidency
Asia|Economy|Finance|Stock Markets|US

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen

Japan’s index has plunged, as the U.S. dollar sank against the yen, and regional investors digested the rally on Wall Street that came on hopes U.S. cuts to interest rates will be arriving soon

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen
Africa|Crime|News|World

Ghana court bans planned protests against cost of living

A high court in Ghana has blocked civil society groups from holding protests in the capital Accra, one of the organisers said, joining other African

Business|Economy|Finance|News|US

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting

Key takeaways from the latest Fed meeting
Business|Economy|Food|Lifestyle

Why Americans are snubbing McDonald’s and Starbucks

Why Americans are snubbing McDonald’s and Starbucks

Asia|Economy|Technology

Taiwan Q2 GDP tops forecasts on AI boom

Taiwan's trade-dependent economy grew more than expected in the second quarter thanks to stronger demand for new technology, such as artificial

Taiwan Q2 GDP tops forecasts on AI boom
Business|Finance|News

Japan spent $36.8 billion in July intervention, official data shows

Japanese authorities spent 5.53 trillion yen ($36.8 billion)intervening in the foreign exchange market this month to pull the yen off 38-year lows, official data

Japan spent $36.8 billion in July intervention, official data shows
Business|Economy|Finance|News|US

US private payrolls miss expectations in July, ADP says

U.S. private payrolls increased far less than expected in July, but that likely is not a true reflection of a labor market that continues to moderate gradually.

US private payrolls miss expectations in July, ADP says
Africa|Economy|News|World

Nigeria security forces deploy, government offers dialogue as protests loom

Nigerian security forces deployed in major cities and the government said it was open to dialogue ahead of planned protests on Thursday against a cost of living

Nigeria security forces deploy, government offers dialogue as protests loom
Africa|Economy|Finance|News

Kenya's inflation falls to 4.3% yr/yr in July

Kenya's inflation fell to 4.3% year-on-year in July from 4.6% a month earlier, the statistics office said on Wednesday. On a monthly basis, inflation was -0.2% from 0.4% in June.

Kenya's inflation falls to 4.3% yr/yr in July
Asia|Economy

South Korea July export growth fastest in 6 months on solid chip demand

South Korea's exports rose at the fastest pace in six months in July on strong chip sales but missed market expectations, trade data showed on Thursday, amid worries

South Korea July export growth fastest in 6 months on solid chip demand
Asia|Business|Economy

South Korea factory activity growth slows on weak domestic demand

South Korea's factory activity expanded for the third straight month in July, but at a slower pace as weak domestic demand crimped output and new orders, a private-

South Korea factory activity growth slows on weak domestic demand
Business|Economy|Finance|Stock Markets

Stocks sell off as US data sparks worry, yields plunge

Global equities dropped on Thursday, with Wall Street's major indexes selling off as U.S. data sparked economic worries and financial

Stocks sell off as US data sparks worry, yields plunge
Asia|Business|Economy|News

China is capable, confident to hit 2024 growth target: state planner

China has the ability and confidence to achieve its full-year growth target of around 5% and will work to actively expand domestic demand, officials from the state planner said on

China is capable, confident to hit 2024 growth target: state planner
Business|Europe|Finance|News|Stock Markets

Markets bet on beneficent BoE

A look at the day ahead in European and global markets from Stella Qiu All eyes are on the Bank of England today, now that the Bank of Japan delivered its second interest rate hike in 17

Markets bet on beneficent BoE
Business|Economy|Finance|Stock Markets

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Asia|Business|Finance|Stock Markets

Hedge fund allocations to China hit five-year low

Global hedge funds have trimmed their exposure to Chinese equities to the lowest in five years while ramping up investment in Japan,

Hedge fund allocations to China hit five-year low
Business|Europe|Finance

Downturn in German manufacturing accelerates, PMI shows

The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, continued to gather pace in July, a survey showed on

Downturn in German manufacturing accelerates, PMI shows
Economy|Europe

Italian manufacturing eases downturn in July, PMI shows

Italian manufacturing activity contracted for a fourth month running in July but at a slower pace than the month before, a survey showed on Thursday, with both output and new orders

Italian manufacturing eases downturn in July, PMI shows
Business|Economy|Finance|US

Fed nods to cut, chips rebound, BoE up next

A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve left Wall Street with little doubt about a first U.S. interest rate cut in seven weeks' time, but multiple cross-

Fed nods to cut, chips rebound, BoE up next
Business|Economy|Finance|News|Stock Markets|US

Stocks slump in August kick-off as data reignites slowdown worries

U.S. stocks kicked off August sharply lower after a round of economic data on Thursday spurred concerns the economy may be slowing faster than anticipated

Stocks slump in August kick-off as data reignites slowdown worries
Africa|Economy|News|World

Police fire gunshots and tear gas to quell mass protests over Nigeria's economy. At least 2 killed

Security forces have fired gunshots and tear gas to quell mass protests across Nigeria as thousands, mostly young people, poured onto the streets to rally against the country’s spiraling economy

Police fire gunshots and tear gas to quell mass protests over Nigeria's economy. At least 2 killed
Business|Economy|Finance|US

The number of Americans filing for jobless claims hits highest level in a year

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy

The number of Americans filing for jobless claims hits highest level in a year
Business|Economy|Finance|US

US worker productivity accelerates in second quarter; labor costs tame

U.S. worker productivity growth accelerated in the second quarter, keeping the increase in labor costs in check, and further brightening the inflation outlook.

US worker productivity accelerates in second quarter; labor costs tame
Business|Economy|Finance

Major central banks' rate cuts gather pace

The global rate cut cycle is picking up steam, with half of developed markets' central banks having begun easing, and the U.S.

Major central banks' rate cuts gather pace
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
Economy|US

Senate GOP blocks tax bill as Democrats spotlight child credit in election-year push

Senate GOP blocks tax bill as Democrats spotlight child credit in election-year push

Senate GOP blocks tax bill as Democrats spotlight child credit in election-year push
Business|Finance|Stock Markets

Wall Street slides after weak data kills early rally

The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred

Wall Street slides after weak data kills early rally
Business|Economy|Finance

Canada's capital gains tax target falls short by C$2 billion, says budget officer

Canadian federal government's target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis released on

Canada's capital gains tax target falls short by C$2 billion, says budget officer
Asia|Business|Economy|Finance|News|Stock Markets

Markets wilt as growth fears slam yields

A look at the day ahead in Asian markets. 

Markets wilt as growth fears slam yields
Asia|Economy|News

South Korea inflation ticks up in July after three months of weakening

South Korea's consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than

South Korea inflation ticks up in July after three months of weakening
Economy|Finance|US

Dollar hits four-month low as weak US jobs data boosts rate cut bets

The U.S. dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations that the Federal Reserve will

Dollar hits four-month low as weak US jobs data boosts rate cut bets
Asia|Economy|Finance|News

Japan warns of weak yen impact on households in government white paper

A weak yen is hurting Japanese households' sentiment and could erode their purchasing power, the government said in a report on Friday, underscoring its concern over

Japan warns of weak yen impact on households in government white paper
Business|Economy|Finance|News

Oil falls, Brent settles at 7-month low after disappointing US job numbers

Oil prices fell on Friday, with

Oil falls, Brent settles at 7-month low after disappointing US job numbers
Asia|Business|Finance

China central bank adviser calls for greater stimulus, inflation goal

China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a "low inflation trap", a central bank policy

China central bank adviser calls for greater stimulus, inflation goal
Asia|Economy|News

Indonesia Finance Minister sees Q2 GDP growth at 5%, flags geopolitical risks

Indonesia's economic growth probably slowed slightly to 5% in the second quarter and authorities are monitoring geopolitical developments

Indonesia Finance Minister sees Q2 GDP growth at 5%, flags geopolitical risks
Economy|Food|News|World

World food prices ease slightly in July, UN says

The United Nations world food price index eased slightly in July according to data released on Friday, with a decline in the index for cereals offset in part by increases for meat,

World food prices ease slightly in July, UN says
Asia|Education

Chinese university announces first marriage-related degree course

China's Civil Affairs University announced a new undergraduate marriage program to develop marriage-related industries and culture, drawing scorn of social media users who

Chinese university announces first marriage-related degree course
Business|Economy|Finance|Stock Markets|US

Fed seen cutting rates by half a point in Sept, after weak jobs data

Traders bet on Friday that the Federal Reserve will start easing policy in September with a big half-percentage-point interest rate cut, after government data showed employers added far

Fed seen cutting rates by half a point in Sept, after weak jobs data
Business|Economy|Finance|Stock Markets|US

US factory orders fall more than expected in June

New orders for U.S.-manufactured goods fell more than expected in June, but business spending on equipment was solid as was initially estimated, government data showed on Friday

US factory orders fall more than expected in June
Business|Economy|Europe|Finance

Italy has no plans for new tax on company profits, sources say

Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports.

Italy has no plans for new tax on company profits, sources say
Business|Economy|Finance|News|Stock Markets|US

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession

The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong
Americas|Economy|Finance

Colombia central bank raises 2024 inflation outlook to 5.7%

Colombia's central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday.

Colombia central bank raises 2024 inflation outlook to 5.7%
Business|Economy|Europe|World

Russian factory activity expands marginally in November, PMI shows

Activity across Russia's manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work

Russian factory activity expands marginally in November, PMI shows
Africa|Crime|News

Nigerian police teargas protesters, arrest dozens

Nigeria's police on Saturday arrested dozens of protesters and fired teargas to disperse those trying to march to government offices in the

Nigerian police teargas protesters, arrest dozens
Economy|Environment|News|World

New Zealand scraps clean, green policies to boost economy

New Zealand's green credentials are at risk as the government rolls back environmental reforms in a bid to boost a flailing economy and fulfil promises made to

New Zealand scraps clean, green policies to boost economy
Asia|Business|Economy|Finance

China's services activity expands further, but external demand slows, Caixin PMI shows

Growth in China's services activity accelerated in July helped by new orders, although momentum in overseas demand eased to its slowest pace in 11 months, a private-sector survey

China's services activity expands further, but external demand slows, Caixin PMI shows
Business|Economy|Finance|News|Stock Markets|US|World

Investors' comments on global stocks rout

Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest

Investors' comments on global stocks rout
Asia|Business|Finance|Stock Markets

South Korean stocks slump most since late 2008 in tech rout

South Korea's stock market marked its worst session since the global financial crisis of 2008 on Monday, with trading curbs activated for the first time in four years,

South Korean stocks slump most since late 2008 in tech rout
Business|Economy|Europe|News

Russian service sector activity returns to growth in July, PMI shows

Activity across Russia's services sector returned to growth in July, which firms attributed to stronger demand, creating more new orders and a faster rate of job creation, a business

Russian service sector activity returns to growth in July, PMI shows
Economy|Europe|Finance|Stock Markets

Swiss franc hits highest vs euro since 2015 amid volatile markets

The Swiss franc rose to its highest level against the euro in nearly a decade on Monday, as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the

Swiss franc hits highest vs euro since 2015 amid volatile markets
Asia|Business|Economy|Stock Markets|Technology

Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast

Taiwan stocks plunged a record 8.4% on Monday, with tech stocks including TSMC sliding as investors spooked by a poor outlook for the U.S. economy

Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast
Asia|Economy|Finance

Japan watching yen moves closely, finance minister says after stocks rout

Japanese Finance Minister Shunichi Suzuki said on Monday authorities were watching exchange-rate moves closely, speaking after the Nikkei

Japan watching yen moves closely, finance minister says after stocks rout
Business|Economy|Europe|Finance|News

Upturn in German services activity loses momentum in July, PMI shows

Growth in Germany's services sector slowed for the second consecutive month in July, a survey showed on Monday, in a further sign that Europe's biggest economy is

Upturn in German services activity loses momentum in July, PMI shows
Africa|Economy|News|World

Nigerian protests fizzle out after deadly police crackdown

Protests in Nigeria over the soaring cost of living ebbed on Monday, with only a few hundred people turning out in major cities following a deadly crackdown by security

Nigerian protests fizzle out after deadly police crackdown
Asia|Finance|Stock Markets

Japan's Nikkei sees biggest rout since 1987 Black Monday

Japanese stocks collapsed on Monday in their biggest single day rout since the 1987 Black Monday sell-offs, driven by last week's plunge in global

Japan's Nikkei sees biggest rout since 1987 Black Monday
Business

Bunge, ADM to benefit as US farmers sell cheap crops in 'haul of shame'

By Tom Polansek and P.J.

Bunge, ADM to benefit as US farmers sell cheap crops in 'haul of shame'
Business|Finance|News|Stock Markets|US

Wall Street 'fear gauge' logs record jump as investors bet on more turbulence

Wall Street's most-watched gauge of investor anxiety logged its largest ever intraday jump on Monday and closed at its highest since October 2020, as traders

Wall Street 'fear gauge' logs record jump as investors bet on more turbulence
Business|Economy|Finance|Stock Markets|US

CNN reporter explains what is causing stocks to plunge

CNN's Rahel Solomon reports on the US stock market plunging as fears about a US economic slowdown sent shockwaves of fear through global markets.

Economy|MidEast|News

Bahrain's Q1 real GDP up 3.3% y/y, government report says

Bahrain's economy grew 3.3% year-on-year in the first quarter of 2024, according to a quarterly economic performance report by the Ministry of Finance, citing preliminary data from

Bahrain's Q1 real GDP up 3.3% y/y, government report says
Business|Economy|Finance|News|Stock Markets

Why the stock market is freaking out again

Why the stock market is freaking out again

Africa|Business|Economy|World

Ethiopia imports cooking oil after currency float

Ethiopia has imported 14 million litres of cooking oil to ensure sufficient supplies of the basic commodity, its trade minister said, after the country's central bank floated

Ethiopia imports cooking oil after currency float
Business|Finance|News|Stock Markets

Financial markets around the world stabilize after recent rout. Here's what to know

Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last week through Monday

Financial markets around the world stabilize after recent rout. Here's what to know
Election|Political|Stock Markets|US

See how Trump is trying to capitalize on plunging stocks

Political analyst Maggie Haberman joins CNN's "Inside Politics" to discuss how Donald Trump's campaign is capitalizing on the plunging stock market.

Business|Economy|Finance|News|Stock Markets

What to do when the market tanks? Expert says 'just go read a book'

CNN spoke with Mark Zandi, chief economist at Moody's, about what investors should do with their portfolios when the stock market is plunging.

News|US

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says

A recent U.S.

US bond rally overdone but Fed should have cut rates in July, BlackRock manager says
Asia|Business|Economy

Japan June household spending falls 1.4% year on year

Japanese consumer spending fell more than expected in June, government data showed on Tuesday.

Japan June household spending falls 1.4% year on year
Business|Economy|Finance|News|Stock Markets|US

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years

Stocks rose on Wall Street as calm returned to the market a day after its worst drop in nearly two years

Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years
Travel

How ‘special forces travelers’ are making – and then breaking – Chinese tourism destinations

How ‘special forces travelers’ are making – and then breaking – Chinese tourism destinations

How ‘special forces travelers’ are making – and then breaking – Chinese tourism destinations
Business|Economy|Finance|News|Stock Markets|World

Investors' comments on global market bounce

Global stocks rallied on Tuesday, partly reversing some of the previous day's steep declines, while the Japanese yen took a breather, after central bank officials said all the right things

Investors' comments on global market bounce
Election|News|US

Walz could help Harris shore up the ‘blue wall’ on the way to the White House

Walz could help Harris shore up the ‘blue wall’ on the way to the White House

Asia|Business|Economy|Finance

China's imports resume growth but tamer exports raise outlook concerns

China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast

China's imports resume growth but tamer exports raise outlook concerns
Business|Economy|Finance|Stock Markets

The stock market panicked, but you shouldn’t

The stock market panicked, but you shouldn’t

Economy|Europe|News

Irish unemployment rises to two-and-a-half year high of 4.7%

Ireland's unemployment rate hit its highest rate in two-and-a-half years in July, rising to 4.7% from an upwardly revised 4.5% a month earlier, Central Statistics Office data showed

Irish unemployment rises to two-and-a-half year high of 4.7%
Economy|Finance|US

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll

The U.S. dollar will claw back some of its recent losses over the coming three months on expectations financial markets have again gone too far in pricing in

Dollar poised for comeback, recent weakness just a hiccup: Reuters poll
Americas|Economy|News

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll

Mexico's headline inflation rate likely accelerated again in July to reach its highest level in more than a year, while the core index is forecast to continue to moderate, a

Mexico inflation seen ticking up in July to highest in over a year: Reuters poll
Americas|Economy|Finance

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll

The Bank of Mexico will likely hold its benchmark interest rate at 11% later this week, according to a majority of analysts in a Reuters poll on Tuesday, as inflation and the

Divided survey shows Mexico central bank likely to hold interest rate at 11%: Reuters poll
Business|Economy|Finance|News

UK should double public investment to boost growth, think tank says

Britain needs to spend an extra 50 billion pounds ($64 billion) a year on public investment to boost productivity and long-run growth, largely funded by public

UK should double public investment to boost growth, think tank says
Economy|Finance|News

NZ's rising jobless rate, low annual wage inflation back year-end rate cut bets

Rising unemployment in New Zealand and annual wage growth at a two-year low reinforced expectations that the country's central bank will move to cut interest

Business|Economy|Finance|Stock Markets|US

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases

Wall Street equity indexes closed lower after Wednesday's choppy session while a bond auction pushed Treasury yields higher and the dollar rose

Equities close lower, yields rise, yen slumps after BoJ talks down rate increases
Americas|Business|Economy|Finance|News

Panama govt opens door for financing for up to $9 billion

Panama's government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama's council of ministers said in a statement.

Panama govt opens door for financing for up to $9 billion
Business|Economy|Finance|News|Stock Markets|US

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop

U.S. stocks slumped after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week

Wall Street slips after a morning rally evaporates as some of the market's AI darlings drop
Asia|Business|Economy

China's July exports climb 7%, miss forecasts, imports up 7.2%

China's exports climbed 7.0% in July from year earlier, a slower pace of growth than in June and missing expectations, but imports rose 7.2%, customs

China's July exports climb 7%, miss forecasts, imports up 7.2%
Business|Europe|Finance|Stock Markets

Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps

A strong comeback by banks on Wednesday helped Europe's main stock index log its biggest one-day gain since November, even though the continent's largest

Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps
Economy|Europe

French economy given a lift by Olympics, says Visa

The Paris Olympics is giving a much-needed lift to the French economy thanks to increased consumer spending, according to a report from U.S bank card and financial transactions firm

French economy given a lift by Olympics, says Visa
News|World

Colombia's Petro struggles mid-term with slow economy and stalled reforms

Colombia's President Gustavo Petro, the country's first leftist leader in modern times, came to power two years ago under a banner of

Colombia's Petro struggles mid-term with slow economy and stalled reforms
Business|Economy|Finance|Stock Markets|US

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback

Stocks close lower as Wall Street struggles to stage a comeback
Business|Economy|Finance|News|Stock Markets

Traders lose billions on big volatility short after stocks rout

A wager that stock markets would stay calm has cost retail traders, hedge funds and pension funds billions after a selloff in global stocks, highlighting the risks

Traders lose billions on big volatility short after stocks rout
Americas|Economy|World

As President Milei's austerity hits hard, jobless Argentines appeal to the patron saint of work

Throughout decades of political change in Argentina, the annual Aug. 7 pilgrimage to St. Cayetano Sanctuary has served as a potent, and grim, reminder that in Argentina, economic despair remains a constant

As President Milei's austerity hits hard, jobless Argentines appeal to the patron saint of work
Asia|Finance|Stock Markets

Japan closely watching stock moves but is not in a phase of action, finance minister says

Japanese authorities are closely watching stock market developments but are not in a phase of taking specific actions, Finance Minister Shunichi Suzuki said on Thursday, as volatility

Japan closely watching stock moves but is not in a phase of action, finance minister says
Economy|Finance|News|US

Global stock index rises with dollar, yields as data calms nerves

A closely followed global equities index jumped more than 1% on Thursday after lower-than-expected weekly U.S. unemployment claims calmed

Global stock index rises with dollar, yields as data calms nerves
Asia|Economy|Finance|News

South Korea's state-run think tank argues for early rate cuts

South Korea's state-run think tank on Thursday said there was a need for early cuts in interest rates, as it flagged weaker economic growth and inflation amid sluggish domestic

Business|Economy|Finance|Stock Markets|US

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
Business|Economy|Finance|News|US

Taiwan July exports misses forecasts on weak China demand, but U.S. soars

Taiwan's exports rose less than expected in July as weak demand from China offset record orders from the United States which underscored the island's

Economy|Finance|Stock Markets|US

Markets stay bumpy awaiting jobs reality check

A look at the day ahead in U.S. and global markets from Mike Dolan Seeking some calm, markets remain edgy following the volatility jolt of the past week and traders now seek some re-assurance the real

Business|Economy|Travel|US

Travel companies rein in their forecasts as US consumers cut spending

Travel companies including Airbnb and Marriott International are forecasting a slowdown in leisure travel as U.S. consumers wait longer to book vacations in a

Travel companies rein in their forecasts as US consumers cut spending
Business|Economy|Finance|US

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated
Economy|Finance

Mexico headline inflation hits highest level in more than a year

Mexico's headline inflation rate rose again in July, reaching a level not seen in over a year, while the core index showed signs of moderation, according to data

Mexico headline inflation hits highest level in more than a year
Business|Economy|Finance|News|Stock Markets|US

Dow closes nearly 700 points higher after latest jobless data brings better news for America’s labor market

Dow closes nearly 700 points higher after latest jobless data brings better news for America’s labor market

Dow closes nearly 700 points higher after latest jobless data brings better news for America’s labor market
Business|Economy|Finance|News|US

Instant View: Weekly jobless claims fall relieves recession-wary markets

A drop in the number of Americans applying for unemployment benefits last week relieved markets that had been in a near panic about prospects for a recession and how aggressive the Federal

Instant View: Weekly jobless claims fall relieves recession-wary markets
Business|Economy|Europe|Finance|Stock Markets

Turbulent week ending on a high

A look at the day ahead in European and global markets from Stella Qiu.

Asia|Economy|Finance

China's July bank lending set to dip, keeps Beijing focused on policy support: Reuters poll

China's new yuan loans likely fell sharply in July from the previous month, a Reuters poll showed on Friday, dragged down by tepid credit demand and seasonal factors even as the

Business|Europe|Finance|Stock Markets

European shares jump, weather turbulence to eke out weekly gain

Europe's main index rose on Friday, with a continued boost from healthcare stocks, logging gains for a fourth consecutive session and eking out a gain

Africa|Economy|News

Nigerian businesses count losses from inflation protests

Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, clothing seller Michael Nwankwo

Nigerian businesses count losses from inflation protests
Business|Finance|News|Stock Markets|US

S&P 500 ends up, but near flat for week after Monday's steep selloff

The S&P 500 ended higher on Friday and was little changed for the week after regaining almost all of its losses since Monday's steep dive that was prompted

Economy|Europe|News

French Q3 growth set to reach at least 0.35% on Olympic boost, cenbank says

The French economy is on course to grow at least 0.35% in the third quarter as it benefits from a temporary boost from activity related to the Olympic Games, the central bank

Business|Economy|Finance|US

No evidence of imminent US recession, Energy Aspects says

Market concerns about global growth may have been excessive this week as there is no evidence of an imminent U.S. recession, a co-founder of consultancy Energy

Business|News|US

Union Pacific hasn't yet lived up to deal to give all its engineers predictable schedules

The union that represents train engineers says Union Pacific is holding back on its promises to make their schedules more predictable

Union Pacific hasn't yet lived up to deal to give all its engineers predictable schedules
Election|Intereview|News|Political|US

Dana Bash asks JD Vance about Kamala Harris' racial identity

During an interview with CNN's Dana Bash for "State of the Union," Republican vice presidential nominee JD Vance says Kamala Harris is "whatever she says she is" and echoed Donald Trump’s false comments about Kamala Harris’ racial identity.

Dana Bash asks JD Vance about Kamala Harris' racial identity
Business|Economy|Travel|US

Summer tourists flock to boardwalks and piers while sticking to their budgets

Small businesses along popular vacation destinations like boardwalks and piers in the U.S. say the number of tourists flocking to the waterfront is back to normal, meaning pre-2020 levels

Summer tourists flock to boardwalks and piers while sticking to their budgets
Business|Economy|Food

Inflation comes for your oysters

Inflation comes for your oysters

Inflation comes for your oysters
Asia|Economy|Finance|News

Volatility shock fades, India CPI on deck

A look at the day ahead in Asian markets.  A week is not just a long time in politics.

Volatility shock fades, India CPI on deck
Business|Economy

China's treasury market rattled as central bank squares off with bulls

Chinese government bonds fell sharply on Monday following a turbulent week in which the central bank started intervening heavily to stem a plunge in long-dated yields

Asia|Europe|Finance|Stock Markets

Markets shift to holiday mood

A look at the day ahead in European and global markets from Wayne Cole It's been a blessedly quiet start to the week in Asia with Japan taking a much-needed holiday for Mountain Day, after the Nikkei

Markets shift to holiday mood
Economy|News

BoE's Mann says UK wage pressures may last for years

Catherine Mann, an external member of the Bank of England's Monetary Policy Committee, said in a podcast released on Monday that goods and services prices were set to rise again and

Business|Finance|News|Stock Markets|US

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week

U.S. stocks drifted through a quiet day to finish mixed, as markets around the world stabilized following a wild week

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week
Asia|Business|Economy|Finance

China new loans hit 15-year low in July, more policy steps expected

China's bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors

China new loans hit 15-year low in July, more policy steps expected
Business|Economy|Finance|News

A key inflation gauge showed price hikes slowed last month. But economic jitters remain

A key inflation gauge showed price hikes slowed last month. But economic jitters remain

A key inflation gauge showed price hikes slowed last month. But economic jitters remain
Business|Economy|News

Home Depot issues a warning about the economy

Home Depot issues a warning about the economy

Home Depot issues a warning about the economy
Business|Economy|Finance|US

US producer inflation slows as pricing power diminishes

U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing

US producer inflation slows as pricing power diminishes
Americas|Business|Economy

Brazil's service sector beats forecasts, hits record high in June

Services activity in Brazil grew more than expected in June to hit an all-time high, eclipsing a record that had been set in December 2022, data from statistics agency IBGE showed

Finance|MidEast|News

Fitch cuts Israel's credit rating as Middle East tensions rise

Credit ratings agency Fitch downgraded Israel's credit rating to "A" from "A-plus" on Monday, citing worsening geopolitical risks as the war in Gaza drags on, and kept the rating outlook

Africa|Economy|News|World

South Africa's unemployment rate climbs for third quarter in a row

South Africa's official unemployment rate rose for the third quarter in a row, reaching 33.5% in April-June of this year, data from the statistics agency showed on

Asia|Finance|Stock Markets

Thailand to expand state equity fund by up to $4.3 billion to invest in local stocks

Thailand will increase the size of a state mutual fund by between 100 billion baht and 150 billion baht ($2.8 billion-$4.3 billion) to invest in local stocks, officials said on

Asia|Business|Economy|Finance|Stock Markets

China's outbound investing quota crunch spurs foreign asset managers to get creative

Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-

China's outbound investing quota crunch spurs foreign asset managers to get creative
Economy|Europe|Finance

German investor morale tumbles in August

German investor morale darkened more than expected in August, posting its strongest decline in two years, the ZEW economic research institute said on Tuesday.

Economy|Finance

Investors reduced allocations to stocks, moved to cash in August, BofA survey shows

Investors increased their allocations to cash and reduced their overweight position in stocks in August, as expectations for global growth dropped to their lowest in eight months, a

Investors reduced allocations to stocks, moved to cash in August, BofA survey shows
Economy|Europe

Spain's EU-harmonised 12-month inflation falls to 2.9% in July

Spain's European Union-harmonised 12-month inflation fell to 2.9% in July, from 3.6% in the period through June, final data released by the National Statistics Institute (INE) showed on

Spain's EU-harmonised 12-month inflation falls to 2.9% in July
Business|Economy|News|World

People leave New Zealand in record numbers as economy bites

People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anaemic, government statistics show.

People leave New Zealand in record numbers as economy bites
Asia|Economy|Europe|Finance|Stock Markets

Stable yen leads Nikkei higher ahead of US data test

A look at the day ahead in European and global markets from Ankur Banerjee Japanese shares returned from a holiday with a bang on Tuesday, erasing all of last week's losses as a stable yen provided

Stable yen leads Nikkei higher ahead of US data test
Business|Economy|Finance

South Korea to set guidelines to speed up switch to new interest rate swaps benchmark, say sources

South Korea plans to announce guidelines to encourage the use of an alternative benchmark in its $4.3 trillion interest rate swap market and replace Certificate of

Australia|Economy|Finance

Australia consumers brighten up as rate fears ease, tax cuts kick in

Australian consumer sentiment bounced in August as rate fears subsided and the outlook for family finances improved due to the government's tax cuts and other cost-of-living

Asia|Business|Economy|Finance

Singapore Q2 GDP up 2.9% y/y, matching advance estimate

Singapore's economy grew 2.9% in the April-June quarter from a year earlier, matching the official advance estimate and above market expectations, government data showed on

News|US

Treasury yields trade slightly lower ahead of inflation reports

U.S.

Economy|Finance|Health|US

Shrinking cash cushions may pinch US consumer spending, SF Fed report says

Middle- and low-income U.S. families now have significantly fewer liquid resources like bank deposits than they were on track to have before the disruptions of the COVID-19

Shrinking cash cushions may pinch US consumer spending, SF Fed report says
Business|Economy|Finance|Stock Markets

Hedge funds retrench on risk, fearful of increased volatility

Portfolio managers at hedge funds have retrenched from some of their riskier positions after a volatile week for markets.

Asia|Business|Economy|Lifestyle

Young people in China aren’t spending on romance. That’s a problem

Young people in China aren’t spending on romance. That’s a problem

Young people in China aren’t spending on romance. That’s a problem
Economy|Finance

Japan's business sentiment in Aug slips on China's slowdown: Reuters poll

Japanese manufacturers turned slightly less confident about business conditions in August and the service sector's mood eased, the monthly Reuters Tankan survey found

Economy|Finance|News

NZ delivers first rate cut in over 4 years and flags more easing, kiwi tumbles

New Zealand's central bank slashed its benchmark rate for the first time since March 2020 and flagged more cuts over coming months, saying inflation was nearing

Asia|Business|Economy|Finance|News|World

Japan must promote wage, investment growth, says PM Kishida

Japanese Prime Minister Fumio Kishida said on Wednesday the government must continue to promote growth in wages and investment for the economy to make a full exit from

Japan must promote wage, investment growth, says PM Kishida
Business|Economy|Finance|Stock Markets

Financing conditions pass global selloff test, so far

A tumultuous sell-off in financial markets this month has barely scathed global financing conditions, but the risk of further volatility

Economy|Finance

India's July wholesale prices rise 2.04% on year

India's wholesale price inflation slowed in July mainly due to a fall in vegetable prices, government data released on Wednesday showed.

Economy|Finance|US

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
Africa|Economy|Finance|News

Namibia central bank cuts main rate as inflation slows

Namibia's central bank cut its main interest rate by 25 basis points on Wednesday, citing a slowdown in inflation and inflation expectations.

Business|Economy|Finance

US junk debt investors cautious of leveraged loans as economy slows

Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junk-rated loans if

Business|Economy|Finance|US

US annual consumer price increase slows to below 3% as inflation ebbs

U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door

Economy|Finance|News|World

Ukraine posts trade deficit of $13.6 billion in Jan-June, statistics service says

Ukraine posted a trade deficit of $13.6 billion in the first half of 2024 compared with a deficit of $10.9 billion in the same period a year ago, the statistics service said on Wednesday.

Africa|Economy|Finance|News

Ethiopia bondholders disappointed by proposed bond haircut

A group of foreign holders of Ethiopia's $1 billion international bond said on Wednesday it was disappointed with recent

Business|Economy|Finance|News|US

Top official says Federal Reserve can't risk being too late with rate cuts

A top Federal Reserve official warned that the central bank needs to cut its key interest rate before the job market weakened further or the Fed would risk moving too late and potentially imperil the economy

Economy|Finance|Lifestyle

Why car insurance is still so expensive even as car prices are dropping

Why car insurance is still so expensive even as car prices are dropping

Why car insurance is still so expensive even as car prices are dropping
Asia|Business|Economy|News

China's home-price slump deepens to new 9-year low despite stimulus

China's new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore

Asia|Business|Economy|World

China's factory output disappoints, dashing speedy recovery hopes

China's factory output slowed for a third straight month in July, showing the recovery in the world's second-largest economy was losing steam, although the

China's factory output disappoints, dashing speedy recovery hopes
Business|Economy|Finance|News|US

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

Wall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Asia|Election

Sri Lanka election panel approves incumbent Wickremesinghe for presidential race

Sri Lanka's election panel gave approval on Thursday for President Ranil Wickremesinghe to contest a presidential poll set for Sept. 21 in the Indian Ocean

Sri Lanka election panel approves incumbent Wickremesinghe for presidential race
Business|Economy|Opinion

The war on inflation has been won. It’s OK if you’re still angry

The war on inflation has been won. It’s OK if you’re still angry

Business|Economy|Finance|US

US import prices edge up in July

U.S. import prices barely rose in July, extending the flow of tame inflation readings that have bolstered financial market expectations for an interest rate cut next month.

US import prices edge up in July
Business|Economy|Finance|US

US retail sales rise more than expected in July

U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment

Business|Economy|News|US

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report

Sales at US retailers unexpectedly surged in July, the Commerce Department reports, rising by 1% from the prior month, up from June’s downwardly revised 0.2% decline.

Cue the 'Hey Big Spender' music: CNN business anchor reacts to retail report
Economy|Finance|News|World

Israel CPI gains further to breach target, hits 3.2% annual rate in July

Israel's inflation rate kept climbing in July, data from the Central Bureau of Statistics showed on Thursday, reducing the likelihood of further interest rate reductions anytime

Business|Economy|Finance|US

US corporate bond spreads recover on promising economic data

U.S. corporate bond spreads, the premium over Treasuries that companies pay for debt, are starting to recoup some lost ground after recent strong economic data increased

US corporate bond spreads recover on promising economic data
Business|Economy|Finance

New Zealand's manufacturing sector continues to struggle - survey

Manufacturing activity in New Zealand rose in July but while there was some improvement the numbers still tell a story of a sector continuing to struggle.

Asia|Business|Economy|Finance

Singapore's July exports rise 15.7% y/y, stronger than forecast

Singapore's non-oil domestic exports rose 15.7% in July from a year earlier, data on Friday showed, with both electronics and non-electronics exports growing.

Singapore's July exports rise 15.7% y/y, stronger than forecast
Economy|Finance

Japan July inflation likely picked up, boosting case for more BOJ rate hikes: Reuters poll

Japan's consumer inflation rate likely picked up in July for a third consecutive month, a Reuters poll of 18 economists showed, keeping the central bank on course to consider another

Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street closes its best week of the year with some more gains

U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November

Stock market today: Wall Street closes its best week of the year with some more gains
Asia|Economy|Finance|News

Malaysia central bank upbeat as economy grows at fastest pace in six quarters

Malaysia's economy expanded at its fastest rate in 18 months in the second quarter helped by stronger household spending, exports and

Business|Economy|Europe|Finance|US

Growth fears fade as quickly as they come

A look at the day ahead in European and global markets from Rae Wee Last week's market turmoil has quickly faded into a distant memory - at least for now - after a raft of U.S. economic data this week

Business|Economy|MidEast|World

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth

As conflict casts a shadow across the Middle East, people are getting rich in Dubai

As the Middle East frets about conflict, Dubai booms with an influx of anxious wealth
Asia|Economy|Finance|News

Taiwan cuts 2024 GDP growth forecast despite rising AI demand

Taiwan's trade-driven economy is expected to grow at a slightly slower pace in 2024 than previously forecast, with exports weaker than projected, despite

Asia|Business|Economy|News

China's youth unemployment rate climbed to 17.1% in July

The jobless rate for 16- to 24-year olds in China, excluding students, rose to 17.1% in July from 13.2% in the prior month, the country's statistics bureau said on

Americas|Business|Economy|News|Opinion

America’s economy is wildly confusing right now. Here’s what’s really going on

America’s economy is wildly confusing right now. Here’s what’s really going on

Asia|Economy|Finance

Indonesia proposes 2025 budget targeting narrower deficit

Indonesia's outgoing government submitted a 2025 budget plan to parliament on Friday targeting a narrower deficit than

Asia|Business|Economy|News

China will focus on boosting consumption to improve economy, premier says

China's Premier Li Qiang told a cabinet plenary session on Friday that great efforts must be made to boost the economy and the country will focus on stimulating consumption, state

China will focus on boosting consumption to improve economy, premier says
Business|Economy|Finance

Global money market funds draw second weekly inflow amid US economic uncertainty

Global investors poured into money market and government bond funds in the week to Aug. 14, preferring to stick with lower risk assets while waiting for more clarity on the health of the

Economy|Finance

Brazil's economy shows strength in Q2 as June activity overshoots forecasts

The Brazilian economy closed the second quarter showing resilience after much stronger-than-expected activity data in June, central bank figures showed on Friday, reinforcing

Brazil's economy shows strength in Q2 as June activity overshoots forecasts
Economy|Food|News|US

What is 'price gouging' and why is VP Harris proposing to ban it?

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing, medicine, and food

What is 'price gouging' and why is VP Harris proposing to ban it?
Business|Economy|Finance

Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll

The Bank of Thailand (BOT) will keep interest rates unchanged on Wednesday and through Q1 2025 to balance growth with inflation control while assessing the

Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year

U.S. stocks climbed, and Wall Street pulled closer to its record heights following its roller coaster of a summer

Stock market today: Wall Street climbs to push its winning streak to 8 days, longest of the year
Business|Europe|Finance

The softest of soft landings

A look at the day ahead in European and global markets from Wayne Cole.

The softest of soft landings
Lifestyle|Opinion|Travel

Travel isn’t dead. It’s just taking a vacation

Travel isn’t dead. It’s just taking a vacation

Business|Economy|Finance|US

US workers more glum on compensation and work prospects, New York Fed says

U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.

US workers more glum on compensation and work prospects, New York Fed says
Asia|Economy|News|World

Leaders of China and Vietnam pledge to strengthen political and economic ties

The leaders of China and Vietnam have pledged to further their economic ties and gave a nod to their shared communist ideology during the first visit by Vietnam’s new president to Beijing

Leaders of China and Vietnam pledge to strengthen political and economic ties
Asia|Business|Economy|Finance

Markets buoyant, but China rate call

A look at the day ahead in Asian markets.

Markets buoyant, but China rate call
Asia|Business|Economy|Finance

China leaves key lending benchmarks unchanged, as expected

China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations.

China leaves key lending benchmarks unchanged, as expected
Business|Economy|Finance

Australia central bank sees near-term interest rate cut as unlikely

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating

Australia central bank sees near-term interest rate cut as unlikely
Business|Economy|Finance|Stock Markets|World

Shares flirt with highs on rate cut bets, US dollar drops

Global stocks hovered near their highest in a month on Tuesday, while the dollar hit an eight-month low, as investors focused on bets that

Shares flirt with highs on rate cut bets, US dollar drops
Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street slips and breaks an 8-day winning streak

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year

Stock market today: Wall Street slips and breaks an 8-day winning streak
Business|Economy|Finance|News|US

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Europe|Finance|Stock Markets

Energy shares lead Europe's STOXX 600 to snap 5-day gains

Europe's main stock index snapped a five-day winning streak on Tuesday, dragged down by heavyweight energy stocks, with investors sizing up domestic

Energy shares lead Europe's STOXX 600 to snap 5-day gains
Asia|Business|Economy|Technology

Taiwan July export orders beat forecasts on AI chip demand; orders from China flat

Taiwan's export orders rose more than expected in July as demand for chips used in artificial intelligence applications continued to soar and the

Taiwan July export orders beat forecasts on AI chip demand; orders from China flat
Economy|Europe

German negotiated wage growth slows in likely relief for ECB

Growth in negotiated wages across Germany slowed in the second quarter, providing some relief to European Central Bank policymakers and possibly bolstering the case for another

German negotiated wage growth slows in likely relief for ECB
Business|Economy|News|Stock Markets|US

S&P 500 hunting cloud nine

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets.

S&P 500 hunting cloud nine
Business|Europe|News|Technology

Germany's Scholz paints nationalism as threat to industry at new chip plant

German Chancellor Olaf Scholz warned against nationalism in the country's east at the groundbreaking ceremony for a semiconductor plant in Dresden on Tuesday, warning that such

Germany's Scholz paints nationalism as threat to industry at new chip plant
Africa|Economy|Finance

Egypt's foreign debt drops $7.4 billion in first quarter

Egypt's foreign debt fell by $7.4 billion in the first three months of 2024, according to central bank data released on Tuesday. 

Egypt's foreign debt drops $7.4 billion in first quarter
Asia|Business|Economy|Finance|Stock Markets

Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme, sources say

China and Hong Kong are set to expand a pilot wealth scheme that allows residents to invest cross-border by adding the first batch of 10 securities firms,

Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme, sources say
Economy|News|US|World

Strong tailwinds for gold's excursion into uncharted territory

Geopolitical tensions, uncertainty created by the upcoming U.S.

Strong tailwinds for gold's excursion into uncharted territory
Business|Finance

Diverging stock and bond views on Fed turn into chasm: McGeever

Bond investors are by default pessimists and equity investors are naturally optimistic.

Diverging stock and bond views on Fed turn into chasm: McGeever
Asia|Business|Economy|Finance

Japan records trade deficit as surging global prices pushes imports higher

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

Japan records trade deficit as surging global prices pushes imports higher
Business|Economy|Europe|Finance

Jobs in focus after the rebound

A look at the day ahead in European and global markets from Tom Westbrook Markets' sparkling recovery from early August's sell-off has hit an air pocket, with Asian shares down on Wednesday and

Jobs in focus after the rebound
Business|Europe|Finance|Stock Markets|US

London's FTSE 100 inches up ahead of Fed meeting minutes

London's FTSE 100 ended slightly higher on Wednesday, as traders remained cautious ahead of release of the Federal Reserve's July meeting minutes and

London's FTSE 100 inches up ahead of Fed meeting minutes
Business|Economy|Finance|News

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up

Canada's big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year

Canadian banks' credit quality in focus as Q3 bad loan provisions seen up
Business|Finance|US

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street

How Kamala Harris is winning over Wall Street
Business|Economy|Finance

Bank of England to deliver one more rate cut this year, economists say: Reuters poll

The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is

Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Election|Europe|News|Opinion

Austria's far-right Freedom Party sets out election programme

Austria's far-right Freedom Party (FPO), which opinion polls make favourite to win the country's general election on Sept. 29, presented its campaign manifesto on Wednesday, setting out

Austria's far-right Freedom Party sets out election programme
Business|Economy|Finance

The price of gold is at a record high. Here's why

The price of gold hit an all time high this week

The price of gold is at a record high. Here's why
Americas|Economy|News

Mexico's Sheinbaum: judicial reform won't violate commitments with USMCA trade pact

A judicial reform planned by Mexico's government will not violate the country's commitments with the United States–Mexico–Canada Agreement (USMCA), President-elect Claudia

Mexico's Sheinbaum: judicial reform won't violate commitments with USMCA trade pact
Americas|Economy

Argentina economy stalls again in June in challenge for Milei

Argentina's economic activity fell 3.9% in June compared to the same month last year, official data showed on Wednesday, as the economy shrunk again during the month after a

Argentina economy stalls again in June in challenge for Milei
Economy|News|US

818,000 jobs correction may not worry economists. It’s a problem for Kamala Harris

818,000 jobs correction may not worry economists. It’s a problem for Kamala Harris

Economy|Europe

German tax revenue fell 7.9% in July

Germany's federal and regional state governments' tax revenue fell strongly in July compared with the same month last year due to a sharp decline in revenue from

German tax revenue fell 7.9% in July
Asia|Business|Economy|News

Japan's Aug factory activity declines slow, PMI shows

Japan's factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a

Japan's Aug factory activity declines slow, PMI shows
Economy|Finance

Indonesia's Q2 current account deficit widens to 0.9% of GDP

Indonesia's current account deficit widened to 0.9% of gross domestic product (GDP), or $3 billion, in the second quarter from a revised deficit of 0.7% of GDP in the previous

Indonesia's Q2 current account deficit widens to 0.9% of GDP
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

Stock market today: Wall Street weakens ahead of a highly anticipated speech
Economy|Europe

It's beginning to look a lot like rate cuts

A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons.

It's beginning to look a lot like rate cuts
Business|Economy|Finance

India business activity extends robust growth streak in August, PMI shows

India's business activity extended its robust growth streak in August as a stronger services industry offset a slight slowing in manufacturing expansion,

India business activity extends robust growth streak in August, PMI shows
Business|Economy|Europe|News

German business activity contracts in August, PMI shows

German business activity contracted in August for a second consecutive month and by more than expected, a preliminary survey showed on Thursday.

German business activity contracts in August, PMI shows
Business|Economy|Finance

Euro zone business activity gets boost from Olympics, PMI shows

Euro zone business activity showed surprising strength in August despite firms raising prices, a survey showed, potentially weakening expectations for two more rate

Euro zone business activity gets boost from Olympics, PMI shows
Economy|Finance|News|Stock Markets|US

King dollar's crown is slipping

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar.

King dollar's crown is slipping
Business|Economy|News|US

Canadian freight railroads shut down

Canada's two major freight railroads have halted their operations due to a contract dispute, dealing a potential blow to the Canadian and U.S. economies. CNN's Paula Newton reports.

Canadian freight railroads shut down
Business|Economy|Finance|US

US business equipment borrowings rise 13% in July, ELFA says

U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday.

US business equipment borrowings rise 13% in July, ELFA says
Economy|Finance|News

Japan's core inflation picks up, but demand-driven growth below 2%

Japan's core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growth

Japan's core inflation picks up, but demand-driven growth below 2%
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy

Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates
Economy|Europe|Finance

Euro zone consumers' inflation expectations hold steady, ECB survey shows

Euro zone consumers' inflation expectations over the next 12 months remained steady for the third month in a row in July, a European Central Bank survey showed on Friday.

Euro zone consumers' inflation expectations hold steady, ECB survey shows
Business|Economy|Finance|News|US

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday

Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates
Americas|Business|Economy|Finance|News|Stock Markets

TSX hits record high as Fed chief signs off on rate cuts

Canada's main stock index rose to a record high on Friday, with energy and financials contributing to broad-based gains as Federal Reserve Chair Jerome Powell endorsed the

TSX hits record high as Fed chief signs off on rate cuts
Business|Economy|Finance|News

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming

Dow closes more than 450 points higher after Fed’s Powell hints rate cuts are coming
Business|Economy|Finance|News|Stock Markets

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move

‘The time has come’: The Fed just sent a crucial message about its next move
Business|Economy|Finance|News|Stock Markets|US

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now

Powell just suggested interest rate cuts are coming. What everyone wants to know now
Economy|Finance|News

How to prepare for the Fed's forthcoming interest rate cuts

The Federal Reserve is poised to cut its benchmark interest rate next month from its 23-year high, with consequences for consumers when it comes to debt, savings, auto loans and mortgages

How to prepare for the Fed's forthcoming interest rate cuts
Economy|Finance|US

U.S. Treasuries not the safe bet they once were, research says

No safer than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world's "safe haven" securities, the behavior of U.S.

U.S. Treasuries not the safe bet they once were, research says
Economy|Europe|Finance

ECB making good progress but job not done, Lane says

The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still

ECB making good progress but job not done, Lane says
Business|Economy

Back-to-work order issued for 2 major Canada railroads. Union will comply, but lawsuit planned

The Canadian arbitrator appointed to resolve a messy railroad labor dispute to protect the North American economy has ordered employees at the country’s two major railroads back to work so both can resume operating

Back-to-work order issued for 2 major Canada railroads. Union will comply, but lawsuit planned
Business|Economy|Lifestyle

Americans set to spend a total of $39 billion on back-to-school shopping this year

Americans set to spend a total of $39 billion on back-to-school shopping this year

Americans set to spend a total of $39 billion on back-to-school shopping this year
Business|Economy|News|US

Here’s why everyone’s talking about the child tax credit

Here’s why everyone’s talking about the child tax credit

Here’s why everyone’s talking about the child tax credit
Business|Economy|Finance|News|US

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya

World equity markets edged lower on Monday as investors digested the likelihood of U.S. interest rates being lowered soon, even as oil

Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
Economy|MidEast|News|World

Israel's economy is struggling. Economists say ending the war would help

Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict

Israel's economy is struggling. Economists say ending the war would help
Business|Europe|Finance|Stock Markets|Technology

Chip stocks slip, keeping European shares muted ahead of data-heavy week

European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked

Chip stocks slip, keeping European shares muted ahead of data-heavy week
Business|Economy|Europe

German business sentiment falls in August, delaying recovery hopes

German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe's largest

German business sentiment falls in August, delaying recovery hopes
Business|Economy|Finance|Stock Markets|US

Rate-cut hopes meet Mid-East risks

A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Not for the first time, financial markets are reminded why it's never a good idea to get too far ahead.

Rate-cut hopes meet Mid-East risks
Business|Economy|Finance|News|Stock Markets|US

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street
Business|Economy|Europe|News

Pay gap between bosses and ordinary workers widens in Switzerland

The gap between the highest- and lowest-paid workers in Switzerland widened in 2023, with top managers earning on average 143 times more than their lowest-paid employees, according

Pay gap between bosses and ordinary workers widens in Switzerland
Business|Economy|Finance|News

Mexico central bank has growing inflation challenge: extortion

Beyond the common challenges like currency fluctuations and supply shocks that keep the world's central bankers up at night,

Mexico central bank has growing inflation challenge: extortion
Business|Economy|Lifestyle

'Buyers are firmly in the driver's seat': It's a good time to buy a cottage in Canada, experts say

'Buyers are firmly in the driver's seat': It's a good time to buy a cottage in Canada, experts say

Asia|Finance

Looking local as US macro, Nvidia shadows linger

A look at the day ahead in Asian markets.

Looking local as US macro, Nvidia shadows linger
Business|Economy|Finance|News

BOJ's Himino reiterates readiness to raise rates if economy on track

Bank of Japan Deputy Governor Ryozo Himino on Wednesday reiterated the central bank's stance that it would continue to raise interest rates

BOJ's Himino reiterates readiness to raise rates if economy on track
Asia|Business|Economy|Finance

Thai central bank says growth outlook below potential

Thailand's monetary policy committee makes decisions based on the economic outlook when reviewing rates and so would adjust them if the

Thai central bank says growth outlook below potential
Africa|Business|Economy|Finance|Stock Markets

Namibian asset demand soars ahead of election and amid oil discoveries

The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its

Namibian asset demand soars ahead of election and amid oil discoveries
Business|Economy|Finance|US

US 30-year mortgage rate falls to lowest since April 2023

The interest rate for the most popular U.S. home loan slid to its lowest in 16 months, after Federal Reserve Chair Jerome Powell signaled the central bank was ready to lower borrowing

US 30-year mortgage rate falls to lowest since April 2023
Business|Economy|Finance

Brazil's central bank chief wants flexibility for next rate decision

Brazil's central bank has provided no guidance for its upcoming policy meeting because of its need for flexibility at this time as it tries to bring inflation back

Brazil's central bank chief wants flexibility for next rate decision
Economy|News|World

Russian economy shows solid growth despite Ukraine war sanctions

The Russian economy has shown solid growth in many sectors while unemployment remains at a record low, new data showed on Wednesday, prompting officials to hint at a brighter

Russian economy shows solid growth despite Ukraine war sanctions
Americas|Business|Economy|Finance|News

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%

The Bank of Mexico cut its forecast for economic growth this year and next, according to the central bank's quarterly report on Wednesday, citing weaker foreign

Mexico central bank shrinks 2024 GDP growth forecast to 1.5%
Business|Finance

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports

Discount home goods retailer Big Lots is considering a potential bankruptcy filing and may seek court protection within weeks, Bloomberg reported on Wednesday, citing people familiar with

Discount retailer Big Lots mulling bankruptcy filing as sales decline, Bloomberg reports
Business|Economy|Finance

New Zealand business confidence soars in August, ANZ survey shows

New Zealand's business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly, an ANZ Bank survey showed on Thursday.

New Zealand business confidence soars in August, ANZ survey shows
Asia|Economy|Finance

South Korea's Yoon pledges urgent reform of $860 billion public pension fund

South Korean President Yoon Suk Yeol on Thursday pledged urgent reform of the national pension fund, one of the world's largest with $860 billion of

South Korea's Yoon pledges urgent reform of $860 billion public pension fund
Australia|Business|Economy|Finance

Australia's CBA chief blasts misinformation, populism targeting corporates

The CEO of Australia's biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back against

Australia's CBA chief blasts misinformation, populism targeting corporates
Asia|Economy|Finance|News

As it reins in wasteful investment, China frets over growth

China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure

As it reins in wasteful investment, China frets over growth
Americas|Asia|News|US|World

US security official meets China’s Xi as American election looms large over relations

US security official meets China’s Xi as American election looms large over relations

US security official meets China’s Xi as American election looms large over relations
Economy|Europe|News

Spain's inflation falls in August to slowest pace in a year

Spain's EU-harmonised annual inflation fell to 2.4%, its slowest pace in a year, thanks to lower fuel and food prices, preliminary data released by the National Statistics Institute (INE)

Spain's inflation falls in August to slowest pace in a year
Economy|News

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024

Turkey's economic growth is expected to have fallen to 3.2% in the second quarter of this year as tighter economic policies weighed, a Reuters poll showed on Thursday, with the

Turkey economy grew 3.2% in Q2; seen cooling to 3.35% in 2024
Economy|Finance|News

Egypt central bank expands lending to government, but inflation slows

Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as

Egypt central bank expands lending to government, but inflation slows
Business|Economy|Finance|Stock Markets

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy
Business|Economy|Europe|Finance|News

German inflation falls to 2.0% in August, aiding ECB rate cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to

German inflation falls to 2.0% in August, aiding ECB rate cuts
Economy|Food|News

Egypt's Sisi ordered huge wheat purchase fearing new supply crisis, sources say

Egypt's biggest ever wheat tender, nearly 20 times its usual size, stemmed from food security concerns sparked by an

Egypt's Sisi ordered huge wheat purchase fearing new supply crisis, sources say
Africa|Economy|News|World

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says

Egypt could begin transitioning from subsidising essential commodities to providing direct cash assistance to its poorest citizens as early as the next fiscal year (July to June),

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says
Economy|Finance|News

Russian central bank says new rate hike in September is not a certainty

Another key interest rate hike in September is not a certainty, as economic growth and lending are slowing down, a senior central bank official said on Thursday in

Russian central bank says new rate hike in September is not a certainty
Election|Finance|US

US fiscal profile unlikely to change much after elections, says Fitch

Ratings agency Fitch said on Thursday the U.S. fiscal profile is likely to remain largely unchanged regardless of who wins the upcoming presidential election, as it affirmed the United

US fiscal profile unlikely to change much after elections, says Fitch
Business|Economy|Finance

New Zealand consumer confidence lifts in August, survey shows

Consumer confidence in New Zealand improved in August and while historically still weak it is well off its lows, a survey showed on Friday.

New Zealand consumer confidence lifts in August, survey shows
Asia|Business|Economy|Finance|News

The Chinese central bank's policy arsenal

The People's Bank of China (PBOC) aims to create a more market-driven interest rate curve and move away from quantitative policy tools to help wean the economy off state-directed

The Chinese central bank's policy arsenal
Asia|Economy|News

Japan July jobless rate rises to 2.7%, job availability edges up

Japan's jobless rate in July rose to 2.7% from 2.5% in June, government data showed on Friday.

Japan July jobless rate rises to 2.7%, job availability edges up
Asia|Business|Economy|Finance|News

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official

Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
Asia|Economy|Finance|News

India's June qtr GDP growth likely slowed on reduced government spending

India's economic growth is expected to have slowed in the April-June quarter due to reduced government spending during the national elections and stalling

India's June qtr GDP growth likely slowed on reduced government spending
Business|Economy|Finance|News|Stock Markets

Stocks end turbulent month higher as US data sets stage for rate cut

Global stocks edged higher in choppy trading on Friday, making it the fourth consecutive month of gains despite a bout of heavy selling in

Stocks end turbulent month higher as US data sets stage for rate cut
Finance|Stock Markets

Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month

Stocks on Wall Street bounced back from a midafternoon fade Friday, and the market closed out its fourth straight winning month with solid gains

Stock market today: Wall Street climbs as S&P 500 closes out fourth straight winning month
Economy|Europe|Finance

France's political quagmire keeps asset recovery at bay

France's financial assets are stuck in a rut as a political stalemate and policy paralysis take hold, casting a shadow over the outlook for

France's political quagmire keeps asset recovery at bay
Asia|Business|Economy|Finance

China's factory activity seen extending declines in Aug - Reuters poll

China's factory activity likely shrank for a fourth month in August, a Reuters poll showed on Friday, reinforcing the need for officials to direct more stimulus towards

China's factory activity seen extending declines in Aug - Reuters poll
Economy|Europe|Finance|Stock Markets

European shares inch up to record high as inflation data sets stage for ECB rate cut

European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation

European shares inch up to record high as inflation data sets stage for ECB rate cut
Technology

Modi's populism after India election reversal puts public finances at risk

By Krishna N.

Modi's populism after India election reversal puts public finances at risk
Business|Economy|Finance|Stock Markets|US|World

Record highs abound, except in usual place

A look at the day ahead in U.S. and global markets from Mike Dolan Record stock market highs have lit up across the world once again - though not yet for the usual suspects in the S&P500 and Nasdaq.

Record highs abound, except in usual place
Business|Economy|US

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll

U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S.

U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
Business|Economy|News

Latest inflation data gives a ‘bright green light’ for a rate cut

Latest inflation data gives a ‘bright green light’ for a rate cut

Latest inflation data gives a ‘bright green light’ for a rate cut
Economy|Finance|News

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years

Federal Reserve's favored inflation gauge shows price pressures easing as rate cuts near
Business|Economy|Finance|News

Canada's growth stronger than expected, bank still seen cutting rates

Canada's economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates for a

Canada's growth stronger than expected, bank still seen cutting rates
Asia|Business|Economy|Finance|Technology

South Korea exports extend gains to 11th month, growth slows

South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker than the previous month and market expectations as demand for computer chips slowed

South Korea exports extend gains to 11th month, growth slows
Asia|Business|Economy|Education

New unproductive forces: the Chinese youth owning their unemployment

After quitting the education industry last August due to China's crackdown on private tutoring, He Ajun has found an unlikely second life as an unemployment

New unproductive forces: the Chinese youth owning their unemployment
Asia|Business|Economy|News

South Korea's factory activity growth quickens even as overseas demand slows, PMI shows

South Korea's factory activity growth quickened in August, as output expanded at the fastest pace in more than three years despite a slowdown in overseas demand, a private survey

South Korea's factory activity growth quickens even as overseas demand slows, PMI shows
Business|Economy|Finance|News|Stock Markets|US

Global stocks start September in cautious mood

Share markets fell slightly on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether

Global stocks start September in cautious mood
Business|Economy|Finance|US

Dollar eases after hitting highest in two weeks, US job data looms

The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the

Dollar eases after hitting highest in two weeks, US job data looms
Business|Economy|News

Japan's factory activity contracts at milder pace, PMI shows

Japan's factory activity contracted at a slower pace in August thanks to a recovery in output and new orders, a private-sector survey showed on Monday, offering some hope for an

Japan's factory activity contracts at milder pace, PMI shows
Australia|Business|Economy|Finance

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows

Australian job advertisements fell for a seventh straight month in August, data showed on Monday, as demand for labour continued to ease in the face of high interest rates and a

Australia job ads fall 2.1% in August m/m, ANZ-Indeed data shows
Business|Europe|Finance

Plotting for payrolls

A look at the day ahead in European and global markets from Wayne Cole.

Plotting for payrolls
Asia|Economy|News

Indonesia's inflation stays within central bank range in Aug

Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding

Indonesia's inflation stays within central bank range in Aug
Economy|Finance|News|World

Turkey economic growth slows to 2.5% in face of rate hikes

Turkey's economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign, data

Turkey economic growth slows to 2.5% in face of rate hikes
Business|Economy|Europe

Italian manufacturing downturn eases in August, survey shows

Italian manufacturing activity contracted for a fifth month running in August but at a slower pace than the month before, a survey showed on Monday, suggesting the worst of a long-

Italian manufacturing downturn eases in August, survey shows
Economy|Europe|Finance

Romania's debt managers raise 2024 funding goal to $48.3 billion

Romania has raised its 2024 funding plan by roughly a fifth to 217 billion lei ($48.3 billion), debt managers said on Monday, as it looks to ensure financing a larger budget

Asia|Economy|News

Pakistan annual inflation slows to 9.6%, first single-digit stat in nearly 3 years

Pakistan's annual consumer price inflation rate slowed to 9.6% in August, the first single-digit reading in almost three years, the statistics agency said on Monday.

Pakistan annual inflation slows to 9.6%, first single-digit stat in nearly 3 years
Economy|Finance|News|US

A dollar on the defensive brings relief to policymakers globally

The dollar fell more than 2% against other major currencies in August, marking its biggest monthly drop this year and providing some relief to

A dollar on the defensive brings relief to policymakers globally
Business|Finance|Technology

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain

Market values of major tech firms declined in August amid concerns

Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
Business|Economy|Finance|News

Russian central bank set to hike key rate by another 100 bps: Reuters poll

Russia's central bank is expected to raise its benchmark interest rate by 100 basis points to 19% at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters

Russian central bank set to hike key rate by another 100 bps: Reuters poll
Economy|Europe|Finance

French finance ministry's deficit warning adds to Macron's political headache

France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry warned in a

French finance ministry's deficit warning adds to Macron's political headache
Asia|Business|Economy|Finance|News

New Zealand's data fog leaves its central bank flying blind

Lags in New Zealand's official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest

New Zealand's data fog leaves its central bank flying blind
Asia|Economy|Finance|News

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut

South Korea's consumer inflation slowed in August to the weakest in nearly 3-1/2 years, official data showed on Tuesday, supporting market expectations for an easing of

S.Korea inflation slows to 3-1/2-year low, backs case for imminent rate cut
Business|Economy|News|Travel|World

New Zealand nearly triples levy on international tourists

New Zealand will nearly triple entry fees for tourists, the government said on Tuesday, spurring criticism from the key tourism sector the higher levy will deter visitors.

New Zealand nearly triples levy on international tourists
Economy|Europe|Sports

Swiss economic output boosted by Olympics, European football championships

The Swiss economy grew by 1.8% in the second quarter, the government said on Tuesday, boosted by income from the Paris Olympics and the European football championship as well as

Swiss economic output boosted by Olympics, European football championships
Business|Economy|Lifestyle|Opinion

Poor people are business owners, too – but myths around poverty and entrepreneurship hold them back

A poverty expert debunks the false narratives that hold back disadvantaged entrepreneurs.

Poor people are business owners, too – but myths around poverty and entrepreneurship hold them back
Economy|Finance|News

Russian central bank says medium-term inflation risks remain high

Russia's annual inflation may have peaked in July, the central bank said on Tuesday, but medium-term inflationary risks remain high and it is too early to speak about a steady

Russian central bank says medium-term inflation risks remain high
Business|Economy|Finance|US

US housing inflation likely to fall in year ahead, Fed paper says

U.S. housing inflation is likely to ease in the coming year as the gap between supply and demand for homes narrows, according to research published on Tuesday by the Federal Reserve Bank

US housing inflation likely to fall in year ahead, Fed paper says
Africa|World

China kicks off major African summit as it seeks to woo leaders amid pressure from the West

China kicks off major African summit as it seeks to woo leaders amid pressure from the West

China kicks off major African summit as it seeks to woo leaders amid pressure from the West
Asia|Business|Economy|Technology|World

China to tackle risks in new infrastructure push

China will address the risks of fragmentation and imbalances as it seeks to build new infrastructure aimed at upgrading its manufacturing sector, the government said on Wednesday.

China to tackle risks in new infrastructure push
Business|Economy|Europe|News

New export business boosts Russia's service sector in August, PMI shows

Activity across Russia's services sector grew at its fastest pace in seven months in August, a business survey showed on Wednesday, boosted by a sharp expansion in new export business.

New export business boosts Russia's service sector in August, PMI shows
Africa|Business|Economy|News

Kenya private sector activity picks up in August, PMI shows

Kenya's private sector activity picked up in August as firms recovered from disruption caused by anti-government protests the previous month, a survey showed on Wednesday.

Kenya private sector activity picks up in August, PMI shows
Business|Economy|Europe

Growth in German services sector loses momentum in August, PMI shows

Growth in Germany's services sector slowed for a third consecutive month in August, a survey showed on Wednesday, in a further sign that Europe's biggest economy

Growth in German services sector loses momentum in August, PMI shows
Business|Economy|News|US

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021

America has the fewest jobs available since January 2021
Business|Economy|Finance|News|US

US factory orders beat expectations in July

New orders for U.S.-manufactured goods increased more than expected in July, boosted by defense aircraft, but demand elsewhere was moderate amid higher borrowing costs.

Business|Economy|News|US

Harris breaks with Biden on capital gains tax, proposing a smaller increase

Harris breaks with Biden on capital gains tax, proposing a smaller increase

Harris breaks with Biden on capital gains tax, proposing a smaller increase
Business|Economy|Election|US

Harris explains plan to lower the cost of starting new businesses

In a speech in North Hampton, New Hampshire, Democratic presidential nominee Kamala Harris breaks down how she plans to combat barriers to starting a business and details how her economic plan will help startups.

Harris explains plan to lower the cost of starting new businesses
Asia|Economy|Finance|News

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday.

Japan inflation-adjusted wages rise for two straight months in July
Economy|Finance|US

Dollar eases ahead of US payrolls test

The U.S. dollar eased against most major currencies on Thursday in choppy trading as investors braced for Friday's U.S. payrolls report,

Dollar eases ahead of US payrolls test
Business|Economy|Finance

Rupee ends nearly flat as cenbank absorbs importers' dollar demand

The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank's intervention helped negate the

Rupee ends nearly flat as cenbank absorbs importers' dollar demand
Business|Economy|Europe

German industrial orders unexpectedly rise in July

German industrial orders unexpectedly rose in July, but the increase was flattered by some large orders, making economists doubtful the sluggish sector was on the cusp of

German industrial orders unexpectedly rise in July
Business|Economy

You aren't likely to lose a job in the US but may find it harder to land one

The American labor market, red-hot for the past few years, has cooled

You aren't likely to lose a job in the US but may find it harder to land one
Business|Election|Finance|Stock Markets|US

JPMorgan ditches call to buy Chinese stocks, citing 'Tariff War 2.0' risk

JPMorgan has ditched its buy recommendation on Chinese stocks, warning of the risk of a second tariff war after November's U.S. election and citing worries about

JPMorgan ditches call to buy Chinese stocks, citing 'Tariff War 2.0' risk
Business|Food|Lifestyle|Travel

Sri Lanka's tourism industry looks to new president to rebuild fortunes

Tourists were busy spooning up ice-cream on the verandah of Tariq Nassim's home at the picturesque Galle Fort in Sri Lanka, the centre of a boom in

Sri Lanka's tourism industry looks to new president to rebuild fortunes
Economy|News|US

The Trump policy that scares economists the most

The Trump policy that scares economists the most

The Trump policy that scares economists the most
Business|Economy|Europe|Finance

Bank of England allots record 40 billion pounds in weekly repo

The Bank of England allotted a record 40.29 billion pounds ($53.02 billion) in seven-day funds in its weekly short-term repo on Thursday, up from 36.584 billion pounds last week.

Bank of England allots record 40 billion pounds in weekly repo
Americas|Economy|Finance

Brazil's real on the up, but to stay restrained by fiscal worries: Reuters poll

Brazil's real will continue to be restrained by worries about the fiscal situation in the near future despite an expected boost from a widely anticipated

Brazil's real on the up, but to stay restrained by fiscal worries: Reuters poll
Business|Economy|Finance|US

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive

Canadian dollar rally to resume in 2025 if global economy picks up: Reuters poll
Business|Economy|Finance|Stock Markets|US

Bonds now doing heavy lifting in 60/40 portfolio: McGeever

The past month in markets has been littered with momentous events: a record burst in U.S. stock market volatility, near-confirmation from the Federal

Bonds now doing heavy lifting in 60/40 portfolio: McGeever
Africa|Business|Economy|Finance

Ghana launches restructuring offer for $13 billion of its bonds

Ghana invited holders of roughly $13 billion of its international bonds to swap their holdings for new instruments on Thursday, more than two months after

Business|Economy|Finance

Cash could stay attractive for months despite rate cuts, JP Morgan says

Looming interest rate cuts may not immediately spur a rush out of cash-like instruments, as yields on some shorter-dated government bonds could take months to

Cash could stay attractive for months despite rate cuts, JP Morgan says
Economy|Finance|News

Brazil's central government budget deficit reaches $1.66 billion in July

Brazil's central government posted a primary budget deficit that came in higher than expected, official data showed on Thursday, even after a strong expansion in public revenues.

Brazil's central government budget deficit reaches $1.66 billion in July
Business|Economy|Finance|News|Stock Markets|US

Global stock index, Treasury yields fall after mixed US jobs report

MSCI's global equities gauge fell more than 1% on Friday and U.S.

Global stock index, Treasury yields fall after mixed US jobs report
Asia|Economy|Election|News|World

What's at stake in Sri Lanka's first presidential vote since its economic meltdown?

Sri Lanka will hold its presidential election Sept. 21 in a crucial vote that will decide the future course of the South Asian nation still struggling to recover from its economic collapse in 2022, which provoked mass protests and forced the former president Gotabaya Rajapaksa to flee the country and later resign

What's at stake in Sri Lanka's first presidential vote since its economic meltdown?
Business|Economy|News|US

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates

Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy

Sluggish US jobs report clears the way for Federal Reserve to cut interest rates
Business|Economy|Europe|Finance|Stock Markets|US

All about them payrolls

A look at the day ahead in European and global markets from Stella Qiu Whatever Friday's U.S. payrolls report says, it's going to move things.

All about them payrolls
Asia|Finance

China's ex-central bank governor urges efforts to fight deflationary pressure

China's former central bank governor Yi Gang said on Friday the country should focus on fighting deflationary pressure as the world's second-biggest

China's ex-central bank governor urges efforts to fight deflationary pressure
Business|Economy|Finance|Stock Markets

No let-up

The volatile activity that has marked September so far may not let up any time soon, as investors are on edge ahead of more key macro events that could shape the tone for trading in the

No let-up
Business|Economy|News|Political|US

Biden signs 'common sense' order prioritizing federal grants for projects with higher worker wages

President Joe Biden signed an executive order for federal grants that would prioritize projects with labor agreements, wage standards and benefits such as access to child care and apprenticeship programs

Biden signs 'common sense' order prioritizing federal grants for projects with higher worker wages
Business|Economy|Food

New Pizza Hut concept stores in China help frugal diners save

Fast food giant Pizza Hut is adapting to China's sluggish economy by opening stores that offer smaller, cheaper versions of its favourites to

New Pizza Hut concept stores in China help frugal diners save
Business|Economy|Finance|News|Stock Markets|US

Wall Street stocks fall, big weekly drop as market waits for Fed to move

U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal

Wall Street stocks fall, big weekly drop as market waits for Fed to move
Business|Economy|Finance|News

Canada's unemployment rate at 6.6%, economists call for larger rate cuts

Canada's unemployment rate edged up to 6.6% in August, scaling past a seven-year peak excluding the pandemic years of 2020 and 2021, data showed on Friday,

Canada's unemployment rate at 6.6%, economists call for larger rate cuts
Business|Technology|US

More than 90 company executives, 100 law enforcement officials back Harris

More than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed U.S.

More than 90 company executives, 100 law enforcement officials back Harris
Business|Finance|News|Stock Markets|US

Traders see Fed starting with 25 bps cut in Sept

Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor

Traders see Fed starting with 25 bps cut in Sept
Americas|Economy

Mexico inflation seen easing in August after months accelerating: Reuters poll

Mexico's headline inflation rate likely eased in August after accelerating for the previous five months, a Reuters poll of analysts showed on Friday, boosting expectations that

Mexico inflation seen easing in August after months accelerating: Reuters poll
Business|Economy|Europe|Finance|News|World

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly

Russia raises main economic forecasts, sees higher year-end inflation
Economy|News|US

Trump’s rambling answer to a child care question, deconstructed

Trump’s rambling answer to a child care question, deconstructed

Asia|Business|Economy|Health

China plans to allow wholly foreign-owned hospitals in some areas

China on Sunday said it would the allow the establishment of wholly foreign-owned hospitals in nine areas of the country including the capital, as Beijing tries to attract more

China plans to allow wholly foreign-owned hospitals in some areas
Europe|Travel

Greece to tax cruise ship arrivals to protect popular islands from overtourism

Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister

Greece to tax cruise ship arrivals to protect popular islands from overtourism
Economy|Europe

Hungary's Orban to overhaul cabinet with new central bank governor appointment

Hungarian Prime Minister Viktor Orban said on Sunday that a new ministry would take charge of the economy and state finances as he gears up

Hungary's Orban to overhaul cabinet with new central bank governor appointment
Business|Economy|News

UK labour market loses steam in August, recruiters say

Britain's labour market cooled noticeably last month as job placements fell sharply and pay growth slowed, according to a survey of recruiters on Monday that could bolster the case for

UK labour market loses steam in August, recruiters say
Asia|Business|Economy|News

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy

Japan's economy grew at a slightly slower pace than initially reported in the second quarter, hurt by downward revisions in corporate and household spending that

Japan's Q2 GDP growth revised down; softer consumption to test BOJ policy
Asia|Business|Economy|Finance

Japan's economy is growing, but political uncertainty is among the risks

Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending

Japan's economy is growing, but political uncertainty is among the risks
Asia|Business|Economy|Finance

China's consumer prices rise in August, PPI stuck in deflation

China's consumer inflation accelerated in August to the fastest pace in half a year but the uptick was due more to higher food costs from weather

China's consumer prices rise in August, PPI stuck in deflation
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies to claw back some of last week's sharp loss

U.S. stocks climbed Monday to claw back some of the losses from their worst week in nearly a year and a half

Stock market today: Wall Street rallies to claw back some of last week's sharp loss
Asia|Business|Economy|Finance

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending

Japan's ruling party official and candidate running in the party's leadership race, Sanae Takaichi, on Monday called for deploying "strategic" fiscal spending to support the economy.

Japan's ruling party official Takaichi calls for 'strategic' fiscal spending
Asia|Business|Economy|Finance|World

China's exports likely slowed further in August as trade tensions mount: Reuters poll

China's exports likely grew at the slowest pace in four months in August, as cooling global demand and mounting trade barriers threaten to dim a bright

China's exports likely slowed further in August as trade tensions mount: Reuters poll
Asia|Business|Economy|Finance

Thai economy has potential to grow 3.5% per year, finance minister says

Thailand's economy has the potential to expand by 3.5% annually, but growth has been lower due to weak investment, the finance minister said on Monday.

Business|Economy

Draghi urges EU to catch up rivals or face 'slow agony'

The European Union needs far more coordinated industrial policy, more rapid decisions and massive investment if it wants to keep pace economically with rivals

Draghi urges EU to catch up rivals or face 'slow agony'
Economy|MidEast|News

UAE's GDP grew estimated 3.4% in Q1- state news agency

The United Arab Emirates' economy grew 3.4% in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by

UAE's GDP grew estimated 3.4% in Q1- state news agency
Asia|Business|Economy|Technology

Taiwan exports hit record in August on AI, U.S. reaches record again

Taiwan's exports rose more than expected in August to an all-time monthly high of nearly $44 billion, as growing demand for chips to supply the burgeoning Artificial Intelligence (

Taiwan exports hit record in August on AI, U.S. reaches record again
Business|Economy|US

This is one of America’s hottest jobs right now

This is one of America’s hottest jobs right now

This is one of America’s hottest jobs right now
Business|Economy|Europe

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?

A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?
Business|Economy|Finance|US

US inflation may soon undershoot Fed's 2% target: McGeever

After grappling with the strongest U.S. price pressures in four decades, it's hard for investors to adjust to the notion that inflation could soon

US inflation may soon undershoot Fed's 2% target: McGeever
Americas|Economy|Finance

Brazil economists see rate hike amid stronger growth, ending 11-week stability streak

Brazilian economists surveyed weekly by the central bank have aligned their expectations with future interest rate pricing, now anticipating a rate hike at this

Americas|Economy|Finance

Argentina inflation seen at 31-month low of 3.9% in August

Argentina's monthly inflation rate is expected to have edged down to 3.9% in August, a Reuters poll of economists showed on Monday, the lowest since the start

Argentina inflation seen at 31-month low of 3.9% in August
Economy|Europe|News|Sports

French economy to go into reverse as Olympic boost fades, INSEE says

France's economy accelerated in the third quarter thanks to the Olympic Games but is set to go into reverse before the end of the year, the country's INSEE statistics agency forecast

Asia|Economy|Finance|Health|News|World

Japan premier hopeful Kato calls for stimulus, doubling household income

Katsunobu Kato, Japan's former health minister and a candidate running in the ruling party leadership race, on Tuesday called for compiling a stimulus package to fund spending to

Japan premier hopeful Kato calls for stimulus, doubling household income
Economy|Finance|News|Stock Markets

S&P 500, Nasdaq rise, crude slides as CPI awaits

The S&P 500 and the Nasdaq gained ground while Brent crude prices hit a 3-1/2-year low on Tuesday amid concerns over softening global demand a day ahead of key

S&P 500, Nasdaq rise, crude slides as CPI awaits
Business|Finance|News|Stock Markets|US

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

U.S. stocks drifted to a mixed close following several weeks of sharp swings

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
Business|Economy|World

China's August exports grow a robust 8.7%, beating forecasts while imports soften

China’s exports grew for a fifth consecutive month

China's August exports grow a robust 8.7%, beating forecasts while imports soften
Business|Economy|Europe|Finance|Stock Markets

China gloom overshadows Wall Street-led rebound

A look at the day ahead in European and global markets from Rae Wee The rebound in global share markets proved short-lived in Asia on Tuesday, as yet another set of lacklustre economic indicators from

China gloom overshadows Wall Street-led rebound
Asia|Economy|Finance|News

Pakistan's central bank expected to cut rates: Retuers poll

Pakistan's central bank is expected to cut its key interest rate further during its policy meeting on Thursday, analysts said, after inflation dropped to single

Business|Finance|Stock Markets|US

US election is just one risk among many for nervous stock market

Growing risks to the U.S. stock rally are spurring demand for portfolio hedging, options markets showed, as investors grapple with U.S.

US election is just one risk among many for nervous stock market
Business|Economy|Europe|Finance|Stock Markets

German inflation falls to the lowest level in more than three years

German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central

German inflation falls to the lowest level in more than three years
Business|Economy|Europe

German chemicals sector recovery loses momentum in Q2, says industry group

A slight recovery in the German chemicals sector lost momentum in the second quarter, a report by the VCI industry body said on Tuesday, as both domestic and foreign orders slowed in the

German chemicals sector recovery loses momentum in Q2, says industry group
Business|Europe|Finance

Banks, energy stocks weigh on European bourses; BMW tumbles

European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key U.S.

Banks, energy stocks weigh on European bourses; BMW tumbles
Business|Economy|Finance|News|Stock Markets|US

S&P 500 ends slightly higher but banks and energy weigh

Wall Street's benchmark S&P 500 index closed up 0.5% on Tuesday but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks

S&P 500 ends slightly higher but banks and energy weigh
Business|Economy|Election|Finance|US

US small business sentiment ebbs in August amid rising uncertainty

U.S. small-business confidence fell in August, reversing the prior month's jump amid growing uncertainty ahead of the Nov. 5 presidential election and expectations of weak sales.

US small business sentiment ebbs in August amid rising uncertainty
Business|Finance|Stock Markets|US

Calm returns as TV debate eyed, China angst

A look at the day ahead in U.S. and global markets from Mike Dolan Markets have recovered their poise this week on a potent mix of U.S. 'soft landing' hopes and interest rate cut speculation and now

Calm returns as TV debate eyed, China angst
Americas|World

Honeymoon for Mexico's Sheinbaum tainted by mentor's reform

Just three months ago, Claudia Sheinbaum was riding high, winning the largest vote tally ever secured in Mexico's history to become the country's first

Honeymoon for Mexico's Sheinbaum tainted by mentor's reform
Business|Economy|Finance

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some

Employee wages are one of the biggest costs for small businesses

Labor costs remain high for small businesses, but a report shows wage growth is slowing for some
Economy|Europe|Finance|News|World

Ukraine's talks with IMF are 'difficult', prime minister says

Talks with the International Monetary Fund regarding Ukraine's financing needs are proving difficult, Prime Minister Denys Shmyhal said on Tuesday, despite Ukraine's

Ukraine's talks with IMF are 'difficult', prime minister says
Asia|Business|Economy|Finance

Japan's business sentiment in Sept hits 7-month low on soft Chinese demand: Reuters poll

Business confidence at big Japanese manufacturers sank to a seven-month low in September, with managers across a wide range of sectors citing soft Chinese demand as

Japan's business sentiment in Sept hits 7-month low on soft Chinese demand: Reuters poll
Business|Economy|Europe|Finance|News

Number of German insolvencies climbs further in August

Germany saw a 10.7% increase in insolvencies in August compared to a year earlier, the federal statistics office reported on Wednesday, adding to data that show persistent

Number of German insolvencies climbs further in August
Asia|Business|Economy

Indonesia's dwindling middle class seen dimming economic outlook

Rahmat Hidayat lost his job when the shoe factory he worked for closed down last year in the industrial town of Karawang in Indonesia's West Java.

Indonesia's dwindling middle class seen dimming economic outlook
Business|Europe

German parliament approves rescue of shipbuilder Meyer Werft, lawmakers say

Germany's lower house of parliament and the state parliament of Lower Saxony have approved the rescue of Meyer Werft, one of the world's

German parliament approves rescue of shipbuilder Meyer Werft, lawmakers say
Economy|News|World

Russia's Kursk region puts damage from Ukraine attack at nearly $1 billion

The economic damage from Ukraine's attack on Russia's mainly agricultural Kursk region is estimated at almost $1 billion, with more than 150,000 people evacuated since the start of

Russia's Kursk region puts damage from Ukraine attack at nearly $1 billion
Business|Economy|Finance|Stock Markets|US

US banks extend fall as investors assess executives' sobering forecasts

U.S. bank stocks fell on Wednesday, extending declines after top executives warned of a slower-than-anticipated recovery in investment banking and an expected hit to

US banks extend fall as investors assess executives' sobering forecasts
Business|Finance|Stock Markets

Shortsellers bet against airlines and banks, Hazeltree report says

Shortsellers had their sights on airlines in August, as pessimism towards a sector plagued by earnings declines and price rises grows, a

Shortsellers bet against airlines and banks, Hazeltree report says
Economy|Finance|News|US

Small Aug CPI rise seen sealing 25 bp cut next week

U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut

Small Aug CPI rise seen sealing 25 bp cut next week
Asia|Business|Economy|Finance|World

Japan leading PM candidate Koizumi vows to respect BOJ's independence, media says

Japan's former Environment Minister and leading prime ministerial candidate Shinjiro Koizumi said he would respect the central bank's independence in setting monetary policy if he is

Japan leading PM candidate Koizumi vows to respect BOJ's independence, media says
Americas|News|US|World

Haitian immigrants fueled Springfield's growth - and now a US presidential debate

Rose Joseph and Banal Oreus followed different paths from Haiti to this struggling Midwestern industrial city that suddenly finds itself at the center

Haitian immigrants fueled Springfield's growth - and now a US presidential debate
Business|Economy|Finance|Stock Markets|US

US banking executives inject caution on elevated expectations

Executives at some top U.S. banks cautioned against overly optimistic earnings projections and warned that the dealmaking environment was lagging expectations, clouding the outlook for a

US banking executives inject caution on elevated expectations
Business|Economy

Mexico's commercial vehicle sales expected to hit record in 2024

Sales of commercial vehicles in Mexico could hit a record this year, the Mexican Automotive Distributors Association (AMDA) said on Wednesday.

Mexico's commercial vehicle sales expected to hit record in 2024
Business|US

Boeing faces threat of a massive strike as union members vote on a contract today

Boeing faces threat of a massive strike as union members vote on a contract today

Boeing faces threat of a massive strike as union members vote on a contract today
Business|Economy|Finance|US

US holiday sales to grow at slowest pace since 2018, report says

U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for

US holiday sales to grow at slowest pace since 2018, report says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street climbs closer to its record high

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

Stock market today: Wall Street climbs closer to its record high
Business|Economy|Europe|Finance

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed
Business|Economy|Europe|Finance

ECB cuts rates as growth and inflation slow

The European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly.

ECB cuts rates as growth and inflation slow
Business|Economy|Finance|US

US producer prices rise slightly above expectations in August

U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation.

Americas|Economy|Finance|News

Brazil's Lula committed to raising income tax threshold, says minister

Brazilian President Luiz Inacio Lula da Silva has requested studies to ensure that by the end of 2026 an income tax exemption will be applied to earnings up to 5,000 reais ($880)

Brazil's Lula committed to raising income tax threshold, says minister
Economy|Finance|News|US

US fiscal 2024 deficit nears $1.9 trillion with a month to go

The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said on Thursday, as annual interest

US fiscal 2024 deficit nears $1.9 trillion with a month to go
Business|Economy|Finance|Stock Markets|US

US household wealth rises in Q2 to record $163.8 trln

U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values as well as a rise in the stock market, data from the Federal Reserve showed

Lifestyle|News|Opinion

China could soon have more pets than toddlers. Why that’s a headache for Beijing

China could soon have more pets than toddlers. Why that’s a headache for Beijing

China could soon have more pets than toddlers. Why that’s a headache for Beijing
Business|Economy|Finance|News|US

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut

The U.S. dollar fell on Friday to its

US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut
Economy|Finance|News

India's growth potential above 7.5%, says its cenbank chief

India's growth potential is 7.5% or more, the country's central bank chief said on Friday, which is a little above the bank's full-year forecast for 2024 of 7.2%.

India's growth potential above 7.5%, says its cenbank chief
Economy|Finance|News

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll

Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the

Japan August inflation seen accelerating, boosting case for BOJ rate hike - Reuters poll
Africa|Economy|Finance

IMF staff in Kenya for fact-finding mission after protests

A team of staff from the International Monetary Fund is visiting Kenya on a fact-finding trip, the IMF said late on Thursday, part of efforts to craft a way forward in the wake of

IMF staff in Kenya for fact-finding mission after protests
Asia|Business|Finance|News

China amends statistics law to combat data fraud

China's top legislative body on Friday approved an amended statistics law, state media said, in the latest move to fight persistent data fraud amid scepticism about the reliability

Economy|Finance

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off

The most well-known recession indicator stopped flashing red, but now another one is going off
Business|Economy|Finance|US

US consumer loan delinquencies starting to plateau, bankers say

U.S. consumers' late payments on credit cards and other loans are starting to level off in recent months after rising earlier in the year, bankers and industry

US consumer loan delinquencies starting to plateau, bankers say
Business|Economy|Finance|US

US consumer sentiment ticks higher for second month but remains subdued

Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture

US consumer sentiment ticks higher for second month but remains subdued
Economy|Election|News|US

US consumer sentiment rises in September as inflation eases

U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election, a survey showed on Friday

Business|Economy|Finance|News

Bank of Canada governor raises prospect of faster rate cuts, FT reports

Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday.

Bank of Canada governor raises prospect of faster rate cuts, FT reports
Business|Economy|News

Average base pay raises at larger corporations projected to be just under 4% next year

Average base pay raises at larger corporations projected to be just under 4% next year

Average base pay raises at larger corporations projected to be just under 4% next year
Americas|Economy

Peru economy expands for fourth straight month in July

Peru's economy expanded for the fourth month in a row in July fueled by all sectors except agriculture, official data showed on Sunday, continuing the country's recovery following a

Peru economy expands for fourth straight month in July
Election|News|US

The one Harris comment Trump and his allies have spent $38 million for voters to see

The one Harris comment Trump and his allies have spent $38 million for voters to see

The one Harris comment Trump and his allies have spent $38 million for voters to see
Economy|Finance|News

Israel CPI jumps to 10-month high of 3.6% in August

Israel's inflation rate surged in August to its highest rate in nearly a year, data from the Central Bureau of Statistics showed on Sunday, reducing the likelihood of more

Israel CPI jumps to 10-month high of 3.6% in August
Americas|Economy|News|World

Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown

Libertarian President Javier Milei of Argentina has presented the 2025 budget to Congress, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers

Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown
Asia|Business|Economy|Finance

Thai baht is too strong and impacting exports, minister says

Thailand's baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on the currency, the

Thai baht is too strong and impacting exports, minister says
Asia|Business|Economy|Finance|News

Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%

Goldman Sachs and Citigroup have lowered their full-year projections for China's economic growth to 4.7%, after the world's second-largest economy's industrial output slowed to a five-

Goldman Sachs, Citigroup cut China's 2024 growth forecast to 4.7%
Business|Economy|Finance

Here’s what you should know about buying a home ahead of a likely interest rate cut

Here’s what you should know about buying a home ahead of a likely interest rate cut

Here’s what you should know about buying a home ahead of a likely interest rate cut
Business|Economy|News|US

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet

The cracks in the labor market in Las Vegas and across Nevada have typically appeared early and widened fast when the U.S. economy

What's happening in Las Vegas shows Fed's 'soft landing' is a good bet
Business|Economy|Finance|News|US

The Fed is finally about to cut interest rates. What took so long?

The Fed is finally about to cut interest rates. What took so long?

The Fed is finally about to cut interest rates. What took so long?
Americas|Economy|Finance|News

Argentina economy forecast to extend recession in second quarter

Argentina's economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline as a recession

Argentina economy forecast to extend recession in second quarter
Business|Europe|Finance

UK PM Starmer says first budget won't undermine growth goal

British Prime Minister Keir Starmer said that his government's first budget next month wouldn't take steps that undermine his goal to generate growth, but warned that unfunded

UK PM Starmer says first budget won't undermine growth goal
Africa|Economy|Finance|News|World

South Sudan says it is ready to restart pumping oil through Sudan

South Sudan and Sudan have made progress towards restarting the pumping of South Sudan's crude oil through a pipeline running to a port in its neighbour, South Sudan's finance

South Sudan says it is ready to restart pumping oil through Sudan
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
Business|Economy|Finance

India's August wholesale inflation cools to 1.31% as global oil prices fall

India's wholesale price index based inflation eased to a four month low of 1.31% in August, helped by falling costs of crude oil, steel and

India's August wholesale inflation cools to 1.31% as global oil prices fall
Africa|Economy|Finance

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows

South Africa's consumer confidence recovered further in the third quarter to its best since 2019, helped by improved willingness to spend and hopes of an interest rate cut in September,

S. Africa consumer confidence recovers to pre-pandemic levels, survey shows
Business|Economy|Finance|US

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP

Elizabeth Warren calls for emergency-like Fed rate cut ASAP
Business|Finance|Stock Markets|US

S&P 500 ends little changed as early gains fade before Fed decision

U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors

S&P 500 ends little changed as early gains fade before Fed decision
Economy|Finance|US

Bond investors debate recession risks with Fed easing finally at hand

Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut

Bond investors debate recession risks with Fed easing finally at hand
Europe|Finance|News

Five questions for France's next finance minister

Once appointed, French Prime Minister Michel Barnier's new finance minister must lose no time coming up with a 2025 budget that could make or break the incoming government.

Five questions for France's next finance minister
Business|Economy|Europe|News

Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse

Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse

Brexit is ‘stifling’ Britain’s trade with Europe and the problem is getting worse
Economy|Europe

Bank of Spain ups 2024 economic growth forecast, again

Spain's central bank on Tuesday raised this year's economic growth forecast to 2.8% from 2.3% expected previously, predicting an acceleration from 2023 in contrast to the wider euro

Bank of Spain ups 2024 economic growth forecast, again
Entertainment

Dutch right-wing government cuts development aid as deficit balloons

By Bart H.

Dutch right-wing government cuts development aid as deficit balloons
Election|News|Opinion|US|Videos

Why voter in key battleground state says race is a '50-50 tossup'

CNN's John King speaks with voters in Nevada about their choices in the 2024 presidential election.

Why voter in key battleground state says race is a '50-50 tossup'
Business|Economy|Finance|News

So we’re expecting a rate cut. When will we start to see a difference in the economy?

So we’re expecting a rate cut. When will we start to see a difference in the economy?

So we’re expecting a rate cut. When will we start to see a difference in the economy?
Business|Economy|News

Why it's 'very hard' to find work in Canada

Why it's 'very hard' to find work in Canada

Americas|Business|Economy|Finance

Colombia government will not change proposed 2025 budget value, finance minister says

Colombia's government will not modify the value of 523 trillion pesos ($123.9 billion) for its proposed 2025 budget, Finance Minister Ricardo Bonilla said in an

Colombia government will not change proposed 2025 budget value, finance minister says
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates
Business|Finance|Stock Markets|US

Traders brace for least predictable Fed meeting in years

Traders in global financial markets are facing extraordinary uncertainty as they await the U.S.

Traders brace for least predictable Fed meeting in years
Asia|Business|Economy|Finance

Ultra-weak home prices in northern China arrive in southern powerhouses

Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border.

Ultra-weak home prices in northern China arrive in southern powerhouses
Economy|Europe|Finance|News

Tax hikes must be part of French debt reduction drive, cenbank chief says

The bulk of France's debt reducing drive must come from spending cuts but tax increases will also be required, notably if they target wealthy taxpayers and large companies, French

Tax hikes must be part of French debt reduction drive, cenbank chief says
Business|Economy|Europe|Finance|Stock Markets|US

European shares end lower with Fed's big rate verdict in focus

European shares closed lower on Wednesday, as investors refrained from risk-taking ahead of an all-important interest rate decision by the U.S.

European shares end lower with Fed's big rate verdict in focus
Economy|Finance|News

India's direct tax collection rises 16% y/y in April-Sept, government says

The Indian government's net direct tax collection rose 16% year-on-year to 9.96 trillion rupees ($119.07 billion) during April 1 to Sep 17, it said in a statement on Wednesday.

India's direct tax collection rises 16% y/y in April-Sept, government says
Economy|Finance|News|US

The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Federal Reserve is finally lowering rates. Here's what consumers should know
Business|Economy|Finance|News|Stock Markets|US

Hear Chair Powell explain decision to slash interest rates

The Federal Reserve announced a jumbo-sized rate cut, its first rate reduction cut since Covid. Federal Reserve chair Jerome Powell held a press conference to share more about the supersized rate cut. 

Hear Chair Powell explain decision to slash interest rates
Business|Economy|Finance|US

How will rate cuts affect home buyers? ‘Million Dollar Listing LA’ star weighs in

In a bold, but not unexpected move, the Federal Reserve announced a half-point rate cut, its first rate reduction cut since Covid. Josh Flagg, star of Bravo's "Million Dollar Listing Los Angeles" joins CNN to discuss the cut's significance for home buyers.

Business|Economy|Finance|News|US

US borrowers get quick relief as Fed cuts rates

U.S. consumers got an immediate reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time

US borrowers get quick relief as Fed cuts rates
Business|Economy|Europe|Finance

Britain needs new strategies to tap foreign billions and spur savings, trade bodies say

Britain could attract up to 7.7 billion pounds ($10.2 billion) in additional foreign sovereign investment by 2030 if it pursues a long-term blueprint for enticing such funds, a

Britain needs new strategies to tap foreign billions and spur savings, trade bodies say
Business|Economy|Finance

Oil ends more than 1% higher on US rate cut, declining crude stockpiles

Oil prices extended their recent recovery rally and rose more than 1% on Thursday as a large cut in U.S. interest rates and declining global stockpiles helped

Oil ends more than 1% higher on US rate cut, declining crude stockpiles
Business|Economy|Finance|Stock Markets|US

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world
Asia|Business|Economy|Finance|News

Indonesia's parliament passes Prabowo's maiden budget

Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal

Indonesia's parliament passes Prabowo's maiden budget
Asia|Economy|Election|Finance

Sri Lanka's presidential election to test economic green shoots

Sri Lanka's election this coming Saturday has raised doubts over when its long-awaited debt deal with bondholders will be finalised, if

Sri Lanka's presidential election to test economic green shoots
Asia|News|World

Crisis-hit Sri Lanka's poor hope new president will change their fortunes

Sri Lankan housewife Lankika Dilrukshi says she is tired of the daily struggle needed to provide for her children.

Crisis-hit Sri Lanka's poor hope new president will change their fortunes
Business|Europe|Finance|News|Stock Markets|US|World

European shares advance as global markets cheer Fed's outsized rate cut

European stocks jumped on Thursday after the U.S.

European shares advance as global markets cheer Fed's outsized rate cut
Economy|Finance

Euro zone current surplus shrinks

The euro zone's current account surplus shrunk in July on a lower trade surplus and a drop in primary income, which includes the flow of profits, wages, interest income and

Euro zone current surplus shrinks
Africa|Economy|Finance|News

Zimbabwe's new currency faces headwinds five months on

Five months after its launch, Zimbabwe's new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the government's

Zimbabwe's new currency faces headwinds five months on
Economy|Europe

German economy could shrink again in Q3, Bundesbank warns

The German economy could shrink again in the current quarter, given a deep industrial recession, subdued investment and abundant consumer caution, the Bundesbank said in a

German economy could shrink again in Q3, Bundesbank warns
Election|News|World

With eyes on economy, Sri Lankans to vote for president in tight election

Sri Lankans will vote for a new president in a tightly contested election on Saturday, with the outcome expected to determine the fate of

With eyes on economy, Sri Lankans to vote for president in tight election
Business|Economy|Finance|News|Stock Markets|US

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
Business|Economy|News|US

US existing home sales drop in August; supply improves

U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply.

US existing home sales drop in August; supply improves
Asia|Business|News

Divorce is on the rise in China. For some, that means big business

Divorce is on the rise in China. For some, that means big business

Divorce is on the rise in China. For some, that means big business
Economy|News

UK consumers take fright as new government warns of pain, survey shows

Prime Minister Keir Starmer's warnings about the state of the British economy and the likely need for tax increases in next month's budget have caused consumer

UK consumers take fright as new government warns of pain, survey shows
Business|Economy|Finance

More UK employers plan reduced pay increases for 2025, IDR survey shows

British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation

More UK employers plan reduced pay increases for 2025, IDR survey shows
Australia|Business|Economy|Finance

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll

Australia's central bank will keep its key policy interest rate unchanged on Tuesday and for the rest of the year amid elevated price pressures,

RBA to keep rates steady on Sept. 24, cut in Q1 2025: Reuters poll
Asia|Business|Economy|Finance|World

China dairy farms swim in milk as fewer babies, slow economy cut demand

China is awash in unwanted milk as falling birth rates and cost-conscious consumers have cut demand even as dairy farms expanded in recent years, forcing smaller

China dairy farms swim in milk as fewer babies, slow economy cut demand
Business|Economy|Finance

BOJ tankan expected to show big manufacturers' mood steady: Reuters poll

Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on

BOJ tankan expected to show big manufacturers' mood steady: Reuters poll
Asia|Economy|Finance|News

China's January-August fiscal revenue down 2.6%

China's fiscal revenue in the first eight months of 2024 was down 2.6% from a year earlier, unchanged from July's seven-month reading, finance ministry data showed on Friday, as

China's January-August fiscal revenue down 2.6%
Business|Finance|Stock Markets|US

Equities end flat but Dow ekes out record in strong week

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fueled by an upsized interest-rate

Equities end flat but Dow ekes out record in strong week
Europe|News|World

Extreme weather adds to fiscal strains in central Europe

Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first

Extreme weather adds to fiscal strains in central Europe
Business|Economy|Finance|News

FedEx earnings miss could signal a slowing economy

FedEx earnings miss could signal a slowing economy

FedEx earnings miss could signal a slowing economy
Business|Economy|Finance|News|World

Central banks may face volatile inflation for years to come, ECB's Lagarde says

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is

Central banks may face volatile inflation for years to come, ECB's Lagarde says
Business|Economy|Finance

What lower rates mean for markets

What lower rates mean for markets

What lower rates mean for markets
Americas|Business|Economy

Peru's rebounding economy to grow 3.1% this year, cenbank forecasts

Peru's central bank expects that the Andean nation's economy will grow 3.1% this year and a further 3.0% in 2025, it said in a report on Friday, maintaining

Peru's rebounding economy to grow 3.1% this year, cenbank forecasts
Business|Economy|Election|News|Opinion|Political|US

Trump dangles tax relief targeted toward the voters he’s hoping to win

Trump dangles tax relief targeted toward the voters he’s hoping to win

Trump dangles tax relief targeted toward the voters he’s hoping to win
Election|News|Opinion|US

Enten breaks down how important North Carolina is for both Trump and Harris campaigns

CNN senior data reporter Harry Enten breaks down the importance of the state of North Carolina in the upcoming presidential election.

Business|Economy|Finance|News|Opinion|US

Fed’s triumph over inflation shows the need for some institutions to be free from politics

Fed’s triumph over inflation shows the need for some institutions to be free from politics

News|US

Harris to release new economic proposals this week on US wealth creation, sources say

U.S.

Harris to release new economic proposals this week on US wealth creation, sources say
Election|News|US

GOP strategist not surprised about shakeup in Mark Robinson’s campaign. Hear why

CNN's Jessica Dean speaks with Republican strategist Doug Heye about four senior campaign members for Mark Robinson stepping down in the governor's race in North Carolina days after a CNN report uncovered inflammatory comments he made on a porn website.

GOP strategist not surprised about shakeup in Mark Robinson’s campaign. Hear why
Business|Economy|Finance|News|Stock Markets|US

Stocks climb, euro falls; Fed officials say large rate cut was warranted

Global stock indexes rose on Monday as Federal Reserve policymakers said last week's large interest rate cut was warranted, while the euro fell against the

Stocks climb, euro falls; Fed officials say large rate cut was warranted
News|Opinion|US

Trump is getting wilder and wilder, but the White House race remains a toss-up

Trump is getting wilder and wilder, but the White House race remains a toss-up

Economy|Finance|Stock Markets|US

Stock market today: Wall Street drifts higher to set more records

U.S. stock indexes reached new heights after drifting higher in a quiet day of trading

Stock market today: Wall Street drifts higher to set more records
Economy|Election|Europe|News

Austrian political parties' plans for the economy

Austria holds a general election on Sunday with the next government facing an economy poised to contract for a second year running, and inflation that has outstripped the EU average

Austrian political parties' plans for the economy
Business|Economy|Finance

We finally got a rate cut. Here’s what history says will happen next

We finally got a rate cut. Here’s what history says will happen next

Economy|Finance|US

Fed mulls inflation undershoot, Europe contracts

A look at the day ahead in U.S. and global markets from Mike Dolan With U.S. markets now mapping the extent of the Federal Reserve's easing cycle ahead, the prospect of inflation undershooting the

Fed mulls inflation undershoot, Europe contracts
Africa|Economy|News|Political|World

The racial divide in South Africa's economy

Thirty years after the end of apartheid, South Africa's economy remains deeply divided by race, spurring political debate on the extent to which its flagship

The racial divide in South Africa's economy
Economy|Finance|US

The Fed sees its inflation fight as a success. Will the public eventually agree?

With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years

The Fed sees its inflation fight as a success. Will the public eventually agree?
Election|Finance|News|Stock Markets

Sri Lanka dollar bonds tumble on post-election IMF, debt rework woes

Sri Lankan dollar bonds fell sharply on Monday as investors worry an election win by Anura Kumara Dissanayake could see him revisit the terms of the country's International Monetary

Sri Lanka dollar bonds tumble on post-election IMF, debt rework woes
Asia|Business|Economy|Finance|News

Policy spotlight falls on RBA, BOJ's Ueda

A look at the day ahead in Asian markets.

Policy spotlight falls on RBA, BOJ's Ueda
Asia|Business|Economy|Finance|US

China's yuan surges to 16-month peak on new stimulus measures

China's yuan hit a 16-month high against the U.S. dollar on Tuesday, after the central bank of the world's second-largest economy revealed new stimulus

China's yuan surges to 16-month peak on new stimulus measures
Economy|Election|News|US

John King breaks down Trump’s edge over Harris on top voter concern in these battleground states

CNN's John King breaks down the latest polls indicating Trump holds a slight edge over Harris on one of the top concerns for voters - the economy.

Business|Economy|Europe|Finance

Fall in business morale adds to German recession fears

German business morale fell for a fourth straight month in September and by more than expected, a survey showed on Tuesday, adding to signs that the euro zone's

Fall in business morale adds to German recession fears
Business|Economy|News|US

Here’s how Trump says he’ll help US businesses through tariffs and taxes

Here’s how Trump says he’ll help US businesses through tariffs and taxes

Here’s how Trump says he’ll help US businesses through tariffs and taxes
Africa|Business|Economy

Zimbabwe's retailers warn of store closures over exchange rate

Top Zimbabwean retailers have warned of potential store closures if the government insists on the use of an official exchange rate they deem overvalued and damaging their

Zimbabwe's retailers warn of store closures over exchange rate
Business|Economy|Finance|US

Fed's rate cut offers limited relief for US factories facing China competition

Drew Greenblatt loves that the Federal Reserve has cut interest rates.

Fed's rate cut offers limited relief for US factories facing China competition
News|US

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S.

Fed's Bowman: Lingering inflation risks warrant more cautious cuts
Business|Economy|News|US

American consumers are feeling less confident as concerns about jobs take center stage

American consumers are feeling less confident this month and concerns about jobs rose significantly

American consumers are feeling less confident as concerns about jobs take center stage
Business|Economy|Finance

Western ETF investors poised to heap fuel on gold's record rally

Inflows into gold exchange-traded funds, particularly from Western investors, are set to rise in coming months, adding yet more positive stimulus for already record

Western ETF investors poised to heap fuel on gold's record rally
Election|News|Political|US

CNN Poll: Harris and Trump locked in exceedingly close presidential race

CNN Poll: Harris and Trump locked in exceedingly close presidential race

CNN Poll: Harris and Trump locked in exceedingly close presidential race
Business|Economy|Finance|US

US business equipment borrowings fall 10% Y/Y in August, ELFA says

U.S. companies borrowed 10% less to finance equipment investments in August compared with the year-ago period, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.

Business|Economy|Election|US

Trump's promises to auto plant workers fell short. Why some say they'll still vote for him

CNN's Phil Mattingly speaks to auto plant workers in Lordstown, Ohio, who discuss the promises made, kept and broken by the Trump and Biden administrations.

Trump's promises to auto plant workers fell short. Why some say they'll still vote for him
Business|Economy|Finance|US

Dollar rises from 14-month low, yuan dips

The dollar bounced off a 14-month low against the euro on Wednesday in choppy trading, but investors held onto bets that the Federal Reserve will make another

Dollar rises from 14-month low, yuan dips
Asia|Economy|Finance

Japan's corporate service inflation steady, BOJ focusing on Oct data

A leading indicator of Japan's service-sector inflation held steady at 2.7% in August, data showed on Wednesday, underscoring the central bank's view that rising wages

Japan's corporate service inflation steady, BOJ focusing on Oct data
Australia|Business|Economy|Finance

Australia CPI inflation slows to 3-year low of 2.7%

Australian consumer price inflation slowed to a three-year low in August due to government rebates on electricity and a drop in petrol, while core inflation hit its lowest since

Australia CPI inflation slows to 3-year low of 2.7%
Economy|Finance|News

South Korea fin minister prioritises demand recovery over household debt

South Korea's Finance Minister Choi Sang-mok said on Wednesday that the government's policy priority was more focused on tackling slowing domestic demand than rising household debt

South Korea fin minister prioritises demand recovery over household debt
Business|Economy|Finance

Australia inflation slows to 3-year low in August, core also trends lower

Australian consumer price inflation slowed to a three-year low in August thanks to government rebates on electricity, while core inflation hit its lowest since early

Australia inflation slows to 3-year low in August, core also trends lower
Business|Economy|Finance|Stock Markets|US

Stocks decline, US bond yields rise; investors assess US rate outlook

Global stock indexes mostly eased on Wednesday along with energy shares, while U.S.

Stocks decline, US bond yields rise; investors assess US rate outlook
Asia|Business|Europe|Finance|Stock Markets

After China's stimulus sugar rush

A look at the day ahead in European and global markets from Kevin Buckland Beijing's big shot of stimulus is still pumping through Chinese markets, but its effect on broader markets could already be

After China's stimulus sugar rush
Business|Economy|Europe|Finance

Stepping into budget crisis, French ministers pledge spending cuts

France's new finance and budget ministers said on Wednesday they

Stepping into budget crisis, French ministers pledge spending cuts
Asia|Business|Economy|Finance|News

China's monetary volleys miss key threat to economic growth

China's central bank has shifted to a more aggressive easing stance, but its policy weapons don't have the key enemy to

China's monetary volleys miss key threat to economic growth
Economy|Finance|News

Turkish households see inflation at 71.6% in 12 months, cenbank says

Turkish households' expectations for annual inflation 12 months ahead stood at 71.6% in September, the central bank said on Wednesday, down 1.5 points from a month earlier.

Turkish households see inflation at 71.6% in 12 months, cenbank says
Asia|Business|Economy

Indonesia formally requests to join Trans-Pacific trade pact

Indonesia has formally requested to join the Trans-Pacific trade pact to widen its export markets, its chief economic minister said on Wednesday, according to a report by state

Indonesia formally requests to join Trans-Pacific trade pact
Election|News|Opinion|US

CNN Poll: Harris leads Trump among young voters but falls short of Biden’s 2020 winning margin

CNN Poll: Harris leads Trump among young voters but falls short of Biden’s 2020 winning margin

CNN Poll: Harris leads Trump among young voters but falls short of Biden’s 2020 winning margin
Business|Economy|Finance|News

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy

Gold’s hitting new records again. Here’s what it means for the economy
Economy|Europe|News

Hungary's Orban aims to lift growth above 3% next year as 2026 vote looms

Hungary is aiming to lift economic growth into the 3% to 6% range next year, Prime Minister Viktor Orban said on Wednesday, as his cabinet

Hungary's Orban aims to lift growth above 3% next year as 2026 vote looms
Business|Economy|Finance|Stock Markets|US

US confidence wobble weighs, China buoyed

A look at the day ahead in U.S. and global markets from Mike Dolan The unexpected downturn in U.S. household confidence this month and growing anxiety about jobs has spurred aggressive interest rate

US confidence wobble weighs, China buoyed
Europe|News|World

Labour conference delegates vote against UK government cuts

Members of Britain's Labour Party narrowly voted against the government's decision to limit winter fuel payments to the elderly, a symbolic move piling pressure on Prime Minister

Labour conference delegates vote against UK government cuts
Election|News|US

CNN poll shows Harris and Trump's favorability among young voters

Vice President Kamala Harris holds a 12-point lead over former President Donald Trump among voters younger than 35, according to new CNN polling conducted by SSRS.

CNN poll shows Harris and Trump's favorability among young voters
Business|Economy|Finance|News|US

US new home sales fall less than expected; median house price declines

Sales of new U.S. single-family homes fell less than expected in August and could regain momentum in the months ahead as declining mortgage rates and house

Business|Economy|Finance

The price of gold keeps climbing to unprecedented heights. Here's why

The rush for gold just keeps coming

The price of gold keeps climbing to unprecedented heights. Here's why
Economy|News|US

Agriculture groups urge White House to avert East Coast port strike

Agriculture organizations on Wednesday urged the White House to take action to avert a potential Oct. 1 strike at U.S.

Agriculture groups urge White House to avert East Coast port strike
Asia|Business|Finance|News

Time out beckons as China stimulus boost fades

A look at the day ahead in Asian markets.

Time out beckons as China stimulus boost fades
Asia|Business|Economy|Europe|Finance|Stock Markets

Europe's STOXX 600 clocks all-time closing high on China stimulus boost

European shares jumped on Thursday, with China-exposed stocks such as luxury and miners outperforming on news of aggressive Chinese economic stimulus,

Europe's STOXX 600 clocks all-time closing high on China stimulus boost
Business|Economy|Finance|News

Chinese banks in need of capital injection to give thrust to economic stimulus steps

As China steps up efforts to stabilise its economy with fresh stimulus, the country's top banks would need to be capitalised at the earliest to

Chinese banks in need of capital injection to give thrust to economic stimulus steps
Economy|News

We may have finally pulled ourselves out of our economic funk

We may have finally pulled ourselves out of our economic funk

Business|Economy|Finance|US

US core capital goods orders rise in August

New orders for key U.S.-manufactured capital goods unexpectedly rose in August, though business spending on equipment appears to have lost momentum in the third quarter.

US core capital goods orders rise in August
Economy|Finance|News|US

US second-quarter economic growth unrevised; GDI revised sharply higher

U.S. economic growth accelerated in the second quarter amid strength in consumer spending, the government confirmed on Thursday.

US second-quarter economic growth unrevised; GDI revised sharply higher
News|US

Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level

U.S.

Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level
Africa|Economy|Finance

Audit reveals Senegal's debt and deficit higher than reported

Senegal is in discussion with the International Monetary Fund (IMF) to take corrective measures after an audit revealed that its debt and budget deficit were much wider than the

Uncategorized

NY Fed's Perli says there is plenty of room left to run in shrinking Fed holdings

By Michael S.

NY Fed's Perli says there is plenty of room left to run in shrinking Fed holdings
Americas|Economy|Finance|Stock Markets

Fitch says Brazil's fiscal challenges persist and will intensify next year

Ratings agency Fitch said on Thursday that Brazil's better-than-expected economy has not translated into stronger public finances, forecasting a tougher 2025 and a steeper rise in

Fitch says Brazil's fiscal challenges persist and will intensify next year
Asia|Economy|Finance|US

China's FX conundrum mutes stimulus optimism: McGeever

It's safe to say that the timing and scale of the stimulus measures unleashed by China this week were, in large part, prompted by the U.S.

China's FX conundrum mutes stimulus optimism: McGeever
Business|Economy|Finance

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Reuters poll

The Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months, according to a majority of economists in a Reuters

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Reuters poll
Business|Economy|Finance|Stock Markets|US

Yields, dollar dip, Dow hits record after US inflation data

Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued U.S. inflation report lifted expectations of an

Yields, dollar dip, Dow hits record after US inflation data
Asia|Economy|Finance

Sri Lanka holds rates steady, sees rosy inflation, growth outlook

Sri Lanka's central bank kept interest rates unchanged on Friday in line with expectations, citing domestic and global uncertainties, but said inflation was

Sri Lanka holds rates steady, sees rosy inflation, growth outlook
Economy|Finance|News|US

Dollar weakens after inflation data, Yen surges on Ishiba win

The dollar fell on Friday after a reading of U.S. inflation signaled price pressures continue to ebb, while the yen strengthened against the greenback after

Dollar weakens after inflation data, Yen surges on Ishiba win
Asia|Business|Economy|Finance

Japan factory output seen down on weak overseas demand, typhoon disruptions: Reuters poll

Japan's industrial output likely slipped in August, weighed down by weak demand from overseas and local factory suspensions due to a typhoon, factors that could dent momentum in an

Japan factory output seen down on weak overseas demand, typhoon disruptions: Reuters poll
Economy|Finance|News

A $28 trillion problem is about to get much worse. Harris and Trump are ignoring it

A $28 trillion problem is about to get much worse. Harris and Trump are ignoring it

Africa|Economy|Finance

Uganda to cut spending, domestic borrowing in 2025/26, finance ministry says

Uganda's government plans to cut spending by just over a fifth and domestic borrowing by just over a half in the 2025/26 (July-June) fiscal year, the finance ministry said on

Economy|News

Sputtering Canadian economy fuels calls for big rate cut

Canada's gross domestic product expanded at a faster-than-expected 0.2% rate in July, but an advance estimate indicated that growth likely

Sputtering Canadian economy fuels calls for big rate cut
Business|Economy|Finance|US

US consumer spending resilient; inflation continues to abate

U.S. consumer spending increased slightly less than expected in August, but that did little to change expectations that solid economic growth persisted in the

US consumer spending resilient; inflation continues to abate
Economy|Finance|News

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more
Economy|Finance|US

Instant view: August US PCE inflation cools to within reach of Fed target

The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday.

Instant view: August US PCE inflation cools to within reach of Fed target
Business|Economy|Finance|News|Stock Markets

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally

What fueled this week’s record-breaking stock rally
Business|Economy|Europe|Finance

Spain's household consumption, industry drive GDP growth in first half of 2024

The Spanish economy showed strength compared to peers in the first half of the year, with growth of 0.9% in the first quarter and 0.8% in the second quarter, according to

Spain's household consumption, industry drive GDP growth in first half of 2024
Economy|Europe|News

French preliminary inflation eases more than expected in September

French consumer prices rose less than anticipated in September, aided by a sharp decline in energy costs, and petroleum products in particular, preliminary data from

French preliminary inflation eases more than expected in September
Asia|Business|Economy|News

China's factory activity seen extending declines in Sept: Reuters poll

China's factory activity likely remained in contraction for the fifth consecutive month in September, as weak domestic demand and rising global trade barriers continue to dog the

China's factory activity seen extending declines in Sept: Reuters poll
Business|Economy|Finance

South Korea's export growth seen slowing further in September: Reuters poll

South Korea's exports are expected to have risen for a 12th straight month in September, but with the growth momentum slowing further, a Reuters poll showed on Friday.

South Korea's export growth seen slowing further in September: Reuters poll
Business|Economy|Finance|US

Jobs data to test US stock market's soft-landing hopes

Investor hopes for a soft landing for the U.S. economy will be put to the test next week, as the government releases closely watched labor market data following

Jobs data to test US stock market's soft-landing hopes
Business|News|Opinion

Trump threatened John Deere. It’s just his latest attempt to bully a legendary American company

Trump threatened John Deere. It’s just his latest attempt to bully a legendary American company

Business|Economy|US

US retailers brace for potential pain from a longshoremen's strike

If roughly 45,000 U.S. longshoremen make good on their threat to strike beginning Tuesday, they could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States

US retailers brace for potential pain from a longshoremen's strike
Uncategorized

New York Fed's reverse repo facility sees cash surge on last day of Q3

By Michael S.

New York Fed's reverse repo facility sees cash surge on last day of Q3
Business|Economy|Finance

Japan's business mood steady in July-Sept, keeps BOJ rate hike chance alive

Japanese business sentiment was steady in the three months to September, a closely watched survey showed, a sign the economy remained on track for

Japan's business mood steady in July-Sept, keeps BOJ rate hike chance alive
Asia|Business|Economy|Finance

South Korea export momentum cools, led by slower U.S. shipments

The pace of South Korea's export growth slowed in September, with shipments to the United States losing momentum, in an outcome that may support market expectations

South Korea export momentum cools, led by slower U.S. shipments
Asia|Business|Economy

Japan's factory activity subdued on weak demand, PMI shows

Japan's factory activity was subdued in September as output and new orders contracted due to a weak economy and lacklustre overseas demand, a private-sector survey showed on Tuesday.

Japan's factory activity subdued on weak demand, PMI shows
Business|Economy|Finance|News

UK shop prices fall by the most since August 2021, survey shows

Prices in British shops fell at the fastest pace in more than three years in September, the British Retail Consortium said on Tuesday, adding to signs that the inflation squeeze on

UK shop prices fall by the most since August 2021, survey shows
Economy|Europe|News

French factory slump eases slightly in September, PMI shows

France's manufacturing sector continued to contract in September, although the pace of decline eased somewhat from the previous month and was less steep than an initial flash

French factory slump eases slightly in September, PMI shows
Asia|Economy|Finance|News

Sri Lanka to discuss shape of IMF deal during Oct meetings in Washington

Sri Lanka will have detailed talks with the IMF on the framework of a $2.9 billion bailout programme on the sidelines of the lender's annual meetings in

Sri Lanka to discuss shape of IMF deal during Oct meetings in Washington
Business|Finance|News|Stock Markets|US

Indexes end down as Iran launches missiles at Israel; defense shares rise

U.S. stocks ended lower, with the Nasdaq losing more than 1%, on Tuesday as investors grew more cautious after Iran fired missiles at Israel.

Indexes end down as Iran launches missiles at Israel; defense shares rise
Business|Economy|News|US

US job openings rise to 8 million as labor market remains sturdy

U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience

US job openings rise to 8 million as labor market remains sturdy
Business|Economy|News|US

No signs of US labor market deterioration as job openings rebound

U.S. job openings unexpectedly increased in August after two straight monthly decreases, but hiring was soft and consistent with a slowing labor market that

No signs of US labor market deterioration as job openings rebound
Economy|News|US

White House left with few good options as dockworkers walk out

White House left with few good options as dockworkers walk out

White House left with few good options as dockworkers walk out
Business|Finance

Gold rally cripples physical demand in key markets

Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their

Gold rally cripples physical demand in key markets
Economy|Finance|News|Stock Markets|US

The stock market is off to its best start to a year since 1997 under Bill Clinton

The stock market is off to its best start to a year since 1997 under Bill Clinton

The stock market is off to its best start to a year since 1997 under Bill Clinton
Economy|Finance|US

Key US short-term rate surges amid month-end turbulence

A key U.S. overnight funding interest rate jumped on Monday in a sign of tighter liquidity in money markets at the end of the month

Key US short-term rate surges amid month-end turbulence
Asia|Business|Economy|Finance

S.Korea factory activity shrinks sharply as overseas demand weakens, PMI shows

South Korea's factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey

S.Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
Africa|Economy|Finance|News

Kenya's inflation falls to 3.6% in Sept

Kenya's inflation fell to 3.6% year-on-year in September from 4.4% a month earlier, the statistics office said on Wednesday.

Kenya's inflation falls to 3.6% in Sept
Africa|Economy|Finance|News

Ghana inflation rises in September as food prices surge

Ghana's consumer inflation rose in September after slowing for five consecutive months, driven by an increase in food prices, the statistics service said on Wednesday.

Ghana inflation rises in September as food prices surge
Economy|Finance

Colombia 12-month inflation seen slowing in September despite truckers' strike: Reuters poll

Colombia's 12-month inflation is forecast to continue decelerating in September, despite the impact of a truckers' strike, according to a Reuters poll on

Colombia 12-month inflation seen slowing in September despite truckers' strike: Reuters poll
Asia|Business|Economy|News

Japan's service sector expands for third month, but confidence dips, PMI shows

Japan's service sector activity expanded for the third straight month in September, but the pace slowed slightly and confidence dipped in a sign of the broader economic strains amid

Japan's service sector expands for third month, but confidence dips, PMI shows
Asia|Business|Economy|Finance

In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare

For a sense of the challenges Bank of Japan Governor Kazuo Ueda faces in weaning the world's fourth-largest economy off monetary stimulus, look no

In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare
Economy|Finance|MidEast|Stock Markets|US

Stock market today: Oil prices jump again on worries about the Middle East as Wall Street fades

Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their records

Stock market today: Oil prices jump again on worries about the Middle East as Wall Street fades
Business|Economy|News|US

US planned layoffs dip in September, recruitment firm Challenger says

U.S. layoff announcements slipped in September from August's five-month high but for the year to date have now edged past last year's pace, a monthly tally of workforce reduction

US planned layoffs dip in September, recruitment firm Challenger says
Business|Economy|Finance|News|Stock Markets|US

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll

The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic growth in Canada

Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll
Europe|Finance|MidEast|Stock Markets

European shares fall as Middle East jitters curb risk-taking

European shares declined on Thursday, as investors remained wary of risk-taking amid elevated geopolitical tensions in the Middle East, with most sectors

European shares fall as Middle East jitters curb risk-taking
Business|Economy|Finance

EM currencies set to hold steady or pare gains for the rest of 2024 - Reuters poll

Most emerging market currencies are set to trade in tight ranges or pare some of the year-to-date gains in the next three months

EM currencies set to hold steady or pare gains for the rest of 2024 - Reuters poll
Africa|Business|Economy

Kenyan private sector conditions weaken in September, PMI shows

Kenya's private sector saw a slight deterioration in business conditions in September as output and new orders contracted again, reversing the brief recovery seen in August,

Kenyan private sector conditions weaken in September, PMI shows
Business|Economy|News|US

More Americans file for unemployment benefits last week, but layoffs remain historically low

The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels

More Americans file for unemployment benefits last week, but layoffs remain historically low
Asia|Economy|Finance

Thai finance minister talks liquidity, debt woes with central bank chief

Thailand's finance minister said he had met the central bank governor on Thursday and discussed the issue of high household debt

Thai finance minister talks liquidity, debt woes with central bank chief
Business|Economy|Finance|News|US

US factory orders unexpectedly fall in August

New orders for U.S.-manufactured goods unexpectedly fell in August, while business spending on equipment appears to have pulled back in the third quarter.

US factory orders unexpectedly fall in August
Business|Economy|Finance

The 2024 disinflation lesson: ignore oil at your peril: McGeever

In today's digital and services-dominated economy, one might be forgiven for buying into the narrative that oil no longer has any real bearing on

The 2024 disinflation lesson: ignore oil at your peril: McGeever
Business|Economy|Finance|News|US

Canada's services PMI hits six-month low in September

The downturn in Canada's services economy deepened in September as firms shed jobs and new business dropped to a near four-year low, S&P Global Canada services PMI

Canada's services PMI hits six-month low in September
Business|Economy|News|US

The US could have seen shortages and higher retail prices if a dockworkers strike had dragged on

The union representing striking U.S. dockworkers has reached a deal to suspend the strike until Jan. 15 to provide time to negotiate a new contract

The US could have seen shortages and higher retail prices if a dockworkers strike had dragged on
Business|Economy|Europe|Finance|News

French PM Barnier confirms he will raise taxes for bigger companies

France's new prime minister, Michel Barnier, will increase corporate tax on the biggest companies in the country and on wealthiest individuals, he said on France 2 television on

French PM Barnier confirms he will raise taxes for bigger companies
Economy|Finance|News|US

Strong jobs report propels dollar to best week since 2022

The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September

Strong jobs report propels dollar to best week since 2022
Asia|Business|Economy|News

Japan PM Ishiba tells cabinet to compile stimulus package

Japanese Prime Minister Shigeru Ishiba formally instructed his ministers on Friday to compile a fresh economic package to cushion the blow to

Japan PM Ishiba tells cabinet to compile stimulus package
Asia|Business|Economy|Finance

Timing of BOJ's policy change must align with Japan's broader goal, economy minister says

Japan's new economy minister, Ryosei Akazawa, said on Friday that the timing of changes in the Bank of Japan's monetary policy should be aligned with the government's broader goal of

Timing of BOJ's policy change must align with Japan's broader goal, economy minister says
News|Uncategorized|US

US port strike ends, leaving cargo backlog

U.S.

US port strike ends, leaving cargo backlog
Business|Economy|News|US

US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market

America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy

US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market
Business|Economy|News

Central banks set for 'forceful' hyperactivity?: Mike Dolan

Sudden ebbs and flows of inflation without equivalent hits to economic output may be a feature of a post-pandemic world of fragile supply chains - potentially requiring

Central banks set for 'forceful' hyperactivity?: Mike Dolan
Asia|Business|Economy|Finance|News

Philippine inflation to settle around 3.2% in 2024, finance minister says

The Philippines' inflation rate could settle around 3.2% this year, its finance minister said on Friday, giving room for the central bank to further cut rates.

Philippine inflation to settle around 3.2% in 2024, finance minister says
Business|Economy|Europe|Finance|Stock Markets|US

European shares close up as bumper US jobs data quashes growth worries

European shares closed higher on Friday as a stronger-than-anticipated U.S. jobs report allayed growth fears in the world's biggest economy, though

European shares close up as bumper US jobs data quashes growth worries
Africa|Economy|News|World

Zimbabwe compensates foreign and local farmers over land invasions

The Zimbabwean government will this month pay an initial $20 million to foreign white and local Black farmers who lost land in farm invasions under former leader

Zimbabwe compensates foreign and local farmers over land invasions
Business|Economy|Finance|Stock Markets|US

Dow registers record high close as US jobs data eases economic worries

The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors

Dow registers record high close as US jobs data eases economic worries
Business|Economy|Finance|News

Canada's Ivey PMI shows activity expanding in September

Canadian economic activity rebounded in September after contracting in the prior month as the pace of price increases cooled to its slowest in six months, Ivey Purchasing Managers

Canada's Ivey PMI shows activity expanding in September
Business|Economy|News

The port strike is over. Here’s what happens next

The port strike is over. Here’s what happens next

The port strike is over. Here’s what happens next
Asia|Business|Economy

China home sales rise after stimulus measures, state media says

China's home sales rose during the National Day holiday after a string of property stimulus measures to boost the country's beleaguered real estate market since late September,

China home sales rise after stimulus measures, state media says
Business|Economy|News

Here are all the winners in the port strike deal

Here are all the winners in the port strike deal

Here are all the winners in the port strike deal
Asia|Business|Economy

Vietnam quarterly growth hits two-year high on exports, investment

Vietnam reported its strongest economic growth in two years in the quarter to end-September, as strong exports and industrial production and rising

Asia|Business|Economy

China officials to brief on economic policy implementation Tuesday

Senior officials from China's top economic planning agency will brief reporters on Tuesday on steps to implement policies to promote economic growth, the State Council Information Office

China officials to brief on economic policy implementation Tuesday
Economy|Finance|News

Japan's top FX diplomat warns against speculative moves as yen falls

Japan's top currency diplomat on Monday issued a warning against speculative moves on the foreign exchange market as the yen fell below 149 per

Japan's top FX diplomat warns against speculative moves as yen falls
Business|Economy|Finance|US

Dollar consolidates after strongest week in two years

The U.S. dollar stalled near a seven-week high on Monday as investors reassessed their positions after last week's strong U.S. jobs data and as

Dollar consolidates after strongest week in two years
Business|Economy|Finance

Vietnam striving for 7.6% to 8% economic expansion in Q4, govt says

Vietnam will strive for a economic expansion of 7.6% to 8% in the last quarter of 2024 and is maintaining its full year target of 7% growth following positive results in the third

Vietnam striving for 7.6% to 8% economic expansion in Q4, govt says
Economy|Election|US

Trump and Harris’ proposals would both increase the national debt but Trump’s plan would add $4 trillion more, study finds

Trump and Harris’ proposals would both increase the national debt but Trump’s plan would add $4 trillion more, study finds

Trump and Harris’ proposals would both increase the national debt but Trump’s plan would add $4 trillion more, study finds
Economy|Election|US

Tips, overtime, Social Security: A look at Donald Trump's no-tax pledges and what they might cost

Donald Trump has pledged to end taxes on everything from tips to Social Security and overtime pay if he’s elected to the White House again

Tips, overtime, Social Security: A look at Donald Trump's no-tax pledges and what they might cost
Business|Finance|Stock Markets|US

Stock market today: Wall Street slides after Treasury yields climb back above 4% and oil rises

U.S. stocks slid after Treasury yields hit their highest levels since the summer and oil prices continued to climb

Stock market today: Wall Street slides after Treasury yields climb back above 4% and oil rises
Business|Economy|Europe|Finance|News

US 'no landing' scenario lifts markets

A look at the day ahead in European and global markets from Kevin Buckland What a difference a payrolls report makes.

US 'no landing' scenario lifts markets
Asia|Business|Economy|Finance|Stock Markets

BOJ highlights broadening wage, price gains but warns of risks

The Bank of Japan said broadening wage hikes were underpinning consumption and prodding more firms in regional areas to pass on rising labour costs, signalling the

BOJ highlights broadening wage, price gains but warns of risks
Business|Economy|Europe|Finance

Euro zone investor morale rises in October on brighter expectations

Investor morale in the euro zone unexpectedly rose in October after three consecutive months of decline, boosted by rising expectations even as dissatisfaction with the current

Euro zone investor morale rises in October on brighter expectations
Business|Economy|News

Good news: The ‘hard landing’ forecasters got it wrong

Good news: The ‘hard landing’ forecasters got it wrong

Business|Economy|Finance|Stock Markets|US

Monster payrolls see 10-year Treasury yields top 4%

A look at the day ahead in U.S. and global markets from Mike Dolan With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal

Monster payrolls see 10-year Treasury yields top 4%
Business|Economy|Finance|Stock Markets|US

Wall Street indexes slip with interest rates, Middle East in focus

Wall Street's three major indexes closed down around 1% on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve

Wall Street indexes slip with interest rates, Middle East in focus
Economy|Europe|News

Greece's growth seen nearly unchanged in 2025, draft budget shows

The Greek government is forecasting economic growth of 2.3% in 2025, outperforming Europe's major economies, thanks to strong tourism revenues, robust consumer

Greece's growth seen nearly unchanged in 2025, draft budget shows
Business|Economy|Europe|Finance

Euro zone ministers to detail joint plan on capital markets, productivity

Euro zone finance ministers will announce next month what they want to do to boost the EU's competitive position against China and the United States,

Euro zone ministers to detail joint plan on capital markets, productivity
Economy|News|Opinion|Political|US

Fact check: Walz makes false claims about Trump on abortion and the economy

Fact check: Walz makes false claims about Trump on abortion and the economy

Fact check: Walz makes false claims about Trump on abortion and the economy
Business|Economy|Europe|Finance

ECB's Holzmann: inflation not yet defeated

The European Central Bank should proceed with caution on further interest rate cuts given inflation had not yet been overcome, Austrian central bank Governor Robert Holzmann told

ECB's Holzmann: inflation not yet defeated
Business|Economy|Finance|US

Fed's Musalem argues for more rate cuts, says data to drive easings

Federal Reserve Bank of St.

Fed's Musalem argues for more rate cuts, says data to drive easings
Asia|Business|Economy|Finance|News

Fall in Japan's real wages, spending likely just minor bump for further BOJ hikes

Japan's inflation-adjusted wages fell in August while household spending also declined, but analysts say underlying trends point to a gradual

Fall in Japan's real wages, spending likely just minor bump for further BOJ hikes
Asia|Business|Finance|News|Stock Markets

China stock rally fizzles as stimulus optimism fades

A sharp rally in China shares at Tuesday's open lost steam as a hotly anticipated briefing by the country's state planner failed to sustain optimism for further stimulus.

China stock rally fizzles as stimulus optimism fades
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

U.S. stocks rebounded after falling oil prices released some of the pressure that built up on the market

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008
Business|Economy|Finance

China gives $28 billion to local governments as it vows to meet economic targets

China gives $28 billion to local governments as it vows to meet economic targets

China gives $28 billion to local governments as it vows to meet economic targets
Business|Economy|Finance|Technology

Cryptoverse: Bored bitcoin seeks direction after big bang

By Medha Singh and Lisa Pauline Mattackal Bitcoin has been distinctly listless in the past three months after starting the year with a bang.

Cryptoverse: Bored bitcoin seeks direction after big bang
Economy|Europe

German industrial output rises more than expected in August

German industrial production rose by a larger than expected 2.9% in August from the previous month thanks to an increase in automotive industry output, the federal

German industrial output rises more than expected in August
Business|Economy|Finance|Stock Markets|World

FTSE 100 slips to one-month low as miners fall after China boost fades

Britain's benchmark FTSE 100 recorded its worst day in two months on Tuesday led by losses in miners after China refrained from specifying measures to stimulate its economy

FTSE 100 slips to one-month low as miners fall after China boost fades
Business|Economy|Finance|Stock Markets|US

Wall Street closes higher on tech buying as investors wait on inflation data

Wall Street's benchmarks finished up on Tuesday, recouping some of the previous session's losses, as investors bought back in to technology stocks and investors shifted

Wall Street closes higher on tech buying as investors wait on inflation data
Economy|Europe|Finance|News

France's budget minister backs raising household electricity tax amid budget squeeze

The French government supports removing caps on household electricity taxes as it rushes to plug a massive hole in the country's finances, France's budget minister said on Tuesday.

France's budget minister backs raising household electricity tax amid budget squeeze
Asia|Business|Economy|Finance

Japan trusts BOJ on monetary policy, economy minister says

Japan's new economy minister, Ryosei Akazawa, said on Tuesday the government has trust in the central bank's decision on how soon to raise interest rates again, amid

Japan trusts BOJ on monetary policy, economy minister says
Americas|Economy|News

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll

Brazil's consumer prices are expected to have risen in September after staying little changed in August, due partly to a severe drought which has hit agricultural output,

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll
Business|Technology|US

Boeing delivers 33 jets in September as strike weighs on output

Boeing said on Tuesday it delivered 33 jets in September, down from 40 plane deliveries in August, as a strike mid-month by around 33,000 U.S. West Coast factory workers weighs on output.

Boeing delivers 33 jets in September as strike weighs on output
Finance|Stock Markets|US

Fed Vice Chair Jefferson: Sept rate cut was 'timely'

The Federal Reserve's 50-basis-point interest-rate cut last month was "timely" and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday.

Fed Vice Chair Jefferson: Sept rate cut was 'timely'
Americas|Business|Economy

Argentina to cut red tape for some imports

Argentina's government announced it will implement some measures to streamline and simplify trade operations in the country.

Argentina to cut red tape for some imports
Asia|Economy|Finance

Korean inclusion in FTSE Russell bond index seen shoring up local markets

The surprise inclusion of South Korean sovereign bonds in the FTSE Russell's benchmark bond index is expected to give the won currency a boost on Thursday

Korean inclusion in FTSE Russell bond index seen shoring up local markets
Business|Economy|Europe|US

German exports rise in August, defying expectations of decline

German exports rose in August due to strong demand particularly from the United States and the United Kingdom, official data showed on Wednesday, defying market

German exports rise in August, defying expectations of decline
Uncategorized

Fitch says decarbonisation of world economy progressing far too slowly

(Refiles to add dropped letter in final word.)

Fitch says decarbonisation of world economy progressing far too slowly
Economy|Election|Opinion|US

Voters think America’s economy stinks. There’s nothing that will change that before the election

Voters think America’s economy stinks. There’s nothing that will change that before the election

Business|Economy|Europe|World

Germany's economy is on track to shrink for a second straight year

Germany's government says its economy is on track to shrink for a second consecutive year

Germany's economy is on track to shrink for a second straight year
Economy|Europe

Hungary has overcome inflation crisis, economy minister says

Data suggests Hungary has overcome its inflation crisis, its economy minister said on Wednesday, after the country posted the highest rate of price growth in the

Hungary has overcome inflation crisis, economy minister says
Economy|Finance

Brazil consumer prices pick up in September amid drought

Consumer prices in Brazil accelerated in September from the previous month due to higher electricity and food costs amid a major drought, reinforcing

Brazil consumer prices pick up in September amid drought
Economy|Finance|US

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months

The interest rate for the most popular U.S. home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year after better-than-expected economic data caused

US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
Asia|Business|Economy|Finance

China kicks off 500 billion yuan swap facility to aid stock market

China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500

China kicks off 500 billion yuan swap facility to aid stock market
Asia|Business|Economy|Finance|Stock Markets|World

Stock market today: Wall Street edges back from its records

U.S. stocks edged back from their record highs

Stock market today: Wall Street edges back from its records
Asia|World

Indonesia's Prabowo defends plan to expand government with 'fat' cabinet

Indonesia's President-elect Prabowo Subianto has defended his plan to expand government agencies, saying it is needed for a strong administration even if

Indonesia's Prabowo defends plan to expand government with 'fat' cabinet
Economy|Election|Finance|US

US inflation reaches lowest point in 3 years, though some price pressures remain

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race

US inflation reaches lowest point in 3 years, though some price pressures remain
Economy|Finance|Stock Markets

Russian rouble hits one-year lows against major currencies

The Russian rouble weakened further on Thursday, remaining at its lowest against the U.S. dollar and China's yuan since October 2023.

Russian rouble hits one-year lows against major currencies
Business|Economy|Finance

China's exports likely slowed further in September as global demand cools: Reuters poll

China's exports are likely to have risen at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several

China's exports likely slowed further in September as global demand cools: Reuters poll
Business|Economy|Finance

America’s inflation is getting back to normal. But price problems persist

America’s inflation is getting back to normal. But price problems persist

America’s inflation is getting back to normal. But price problems persist
Economy|Finance|US

US jobless claims hit 258,000, the most in a year. Analysts point to Hurricane Helene, Boeing strike

The number of Americans filing for unemployment benefits last week jumped to its highest level in a year, which analysts are saying is more likely a result of Hurricane Helene — and the Boeing strike — than a broader softening in the labor market

US jobless claims hit 258,000, the most in a year. Analysts point to Hurricane Helene, Boeing strike
Economy|Finance|US

Instant view: Warm Sept CPI inflation chills outlook for dovish Fed

U.S. consumer prices rose slightly more than expected in September, but the annual increase in inflation was the smallest in more than 3-1/2 years, potentially keeping the Federal Reserve

Instant view: Warm Sept CPI inflation chills outlook for dovish Fed
Business|Economy|Europe

Ikea revenue falls after it lowered prices

Ikea revenue falls after it lowered prices

Ikea revenue falls after it lowered prices
Election|Europe

Lithuanians to pick new parliament in vote clouded by economic angst, Russia fears

Lithuanians are expected to punish the centre-right government of Prime Minister Ingrida Simonyte in Sunday's national election over soaring living costs while

Lithuanians to pick new parliament in vote clouded by economic angst, Russia fears
Business|Economy|Europe|Finance

Ukraine's inflation rises to 8.6% y/y in September

Ukraine's consumer inflation rose to 8.6% year-on-year in September driven by rising energy prices, higher business costs, and a lower harvest, the statistics service said on Thursday

Ukraine's inflation rises to 8.6% y/y in September
Business|Economy|Finance

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows

Mortgage rates surged for the second-straight week after hitting two-year lows
Business|Economy|Finance|US

Home listings climb in nation's priciest markets as locked-up inventory starts to shift

The recent pullback in mortgage rates and expectations of further easing next year may be motivating more U.S. homeowners to list their home for sale

Home listings climb in nation's priciest markets as locked-up inventory starts to shift
Economy|Finance|US

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says

The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
Business|Economy|Finance|US

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets

Fed policymakers will be paying close attention to the latest data as their next policy meeting draws nearer.

US inflation rate fell to 2.4% in September − here’s what that means for interest rates and markets
Americas|Crime

Mexico sends 660 soldiers, National Guard to protect lime growers suffering extortion by cartels

Mexico has sent 660 soldiers and militarized National Guard officers to the western state of Michoacan to protect lime growers who complained they were suffering extortion demands by cartels

Mexico sends 660 soldiers, National Guard to protect lime growers suffering extortion by cartels
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street rises to close its latest record-setting week as banks jump

U.S. stocks rose to records as JPMorgan Chase, Wells Fargo and other big financial companies rallied on better-than-expected profit reports

Stock market today: Wall Street rises to close its latest record-setting week as banks jump
Business|Economy|Finance|US

Wholesale inflation remained cool last month in latest sign that price pressures are slowing

Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19

Wholesale inflation remained cool last month in latest sign that price pressures are slowing
Business|Economy

7-Eleven is closing more than 400 locations

7-Eleven is closing more than 400 locations

7-Eleven is closing more than 400 locations
Economy|Finance

UK economy returns to growth in August after two months of stagnation

Britain's economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new

UK economy returns to growth in August after two months of stagnation
Business|Economy|Finance

JPMorgan profit beats estimates on investment-banking strength, shares jump

JPMorgan Chase shares rose nearly 5% on Friday after profit beat expectations in the third quarter, fueled by gains in investment banking and rising

JPMorgan profit beats estimates on investment-banking strength, shares jump
Business|Economy|Finance|US

Traders keep bets on 25 basis point Fed rate cuts in November, December

The case for quarter-point U.S. interest rate cuts at upcoming Federal Reserve policy meetings appeared intact on Friday after a report showed producer prices were flat last month compared

Traders keep bets on 25 basis point Fed rate cuts in November, December
Business|Europe|Finance

Germany working to thwart UniCredit's bid for Commerzbank, sources say

Germany is working to frustrate a possible takeover of one of its biggest banks by an Italian rival, a stance that pits Berlin

Germany working to thwart UniCredit's bid for Commerzbank, sources say
Economy|Finance|MidEast|Stock Markets|US

Global money market funds draw inflows for third week in a row

Global investors made large investments in money market funds in the week to Oct. 9 driven by a push back in Federal Reserve rate cut expectations and caution over the Middle East conflict

Global money market funds draw inflows for third week in a row
Economy|Finance|US

Fed dashboard fogged by immigration uncertainty: Mike Dolan

The Federal Reserve's road ahead appeared crystal clear in September, but the picture is far foggier than many thought and the past and future impact of immigration on

Economy|Finance|Stock Markets

Japan Sept inflation seen easing, export growth to slow: Reuters poll

Japan's core consumer inflation rate likely eased in September as energy costs eased due to government subsidies, while export growth slowed sharply, a Reuters poll showed on Friday.

Japan Sept inflation seen easing, export growth to slow: Reuters poll
Business|Economy|Europe|Finance

Markets turn cautious before uncertain weekend

A look at the day ahead in European and global markets from Tom Westbrook Friday's session brought a cautious mood to the markets, ahead of a smattering of data and an uncomfortable weekend.

Markets turn cautious before uncertain weekend
Economy|Finance

IMF to lower member borrowing costs by $1.2 billion annually

The International Monetary Fund on Friday approved measures that will reduce its members' borrowing costs by about $1.2 billion annually, the fund's

IMF to lower member borrowing costs by $1.2 billion annually
Business|Economy|Europe|Finance

Fitch puts negative outlook on France's rating

Credit ratings agency Fitch revised France's outlook to "negative" from "stable" on Friday, citing increases in fiscal policy and political risks.

Fitch puts negative outlook on France's rating
Asia|Business|Economy|Finance

China unveils fiscal stimulus measures to revive growth

China's finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government's growth target, though it did not

China unveils fiscal stimulus measures to revive growth
Business|Economy|Finance

Boeing strike has already cost the company and workers $5 billion, new analysis shows

Boeing strike has already cost the company and workers $5 billion, new analysis shows

Boeing strike has already cost the company and workers $5 billion, new analysis shows
Business|Economy|Finance

Singapore keeps monetary policy steady as Q3 growth picks up; analysts bet on Jan easing

Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter

Singapore keeps monetary policy steady as Q3 growth picks up; analysts bet on Jan easing
Asia|Economy

Singapore Q3 GDP up 4.1% y/y, preliminary data shows

Singapore's economy grew 4.1% in the third quarter from a year earlier, preliminary government data showed on Monday.

Singapore Q3 GDP up 4.1% y/y, preliminary data shows
Economy|US

Most AAPI adults think legal immigrants give the US a major economic boost: AP-NORC/AAPI Data poll

According to a new poll, Asian American, Native Hawaiian and Pacific Islander adults are more likely than the overall U.S. population to view legal immigration as an asset to the country’s economy and workforce

Most AAPI adults think legal immigrants give the US a major economic boost: AP-NORC/AAPI Data poll
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street powers higher to more records

Wall Street rolled to more records as U.S. stocks added to their all-time highs

Stock market today: Wall Street powers higher to more records
Economy

Harris announces a new plan to empower Black men as she tries to energize them to vote for her

Vice President Kamala Harris has announced a series of proposals designed to give Black men more economic opportunities as she works to energize a key voting bloc that has Democrats concerned about a lack of enthusiasm

Harris announces a new plan to empower Black men as she tries to energize them to vote for her
Business|Economy|Finance|Stock Markets|US

S&P 500 ends at fresh record high, as Dow scales 43k for first time

Wall Street ended higher on Monday, with both the S&P 500 and the Dow posting fresh record finishes, as investors bought into technology stocks ahead of a busy week packed

S&P 500 ends at fresh record high, as Dow scales 43k for first time
Asia|Economy|Finance

China's exports miss forecasts as lone bright spot fades

China's export growth slowed sharply in September while imports also unexpectedly decelerated, undershooting forecasts by big margins and suggesting manufacturers are

China's exports miss forecasts as lone bright spot fades
Asia|Business|Economy|Finance|MidEast

China copper, iron ore stay stimulus believers, but others sceptical: Russell

Western and Chinese investors had different reactions to the latest stimulus pronouncements by Beijing, and it's likely that both groups are somewhat

China copper, iron ore stay stimulus believers, but others sceptical: Russell
Business|Economy|Europe

German states vow to work together to save Volkswagen sites

The four German states with a Volkswagen presence want to work together to ensure that the struggling carmaker does not shut any of its plants, the states' economy ministries said

German states vow to work together to save Volkswagen sites
Americas|Economy|Finance

Panama to stick to economic targets despite budget backtrack, minister says

Panama will stick to its economic forecasts for next year even though the government withdrew its budget proposal after pushback from Congress,

Panama to stick to economic targets despite budget backtrack, minister says
Economy|Finance

Central banks remain keen buyers of gold, representatives tell bullion conference

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market

Central banks remain keen buyers of gold, representatives tell bullion conference
Asia|Business|Economy|Finance

Japan PM seeks extra budget exceeding 13 trillion yen, Nikkei says

Japanese Prime Minister Shigeru Ishiba said his government is aiming to compile a supplementary budget for the current fiscal year in excess of last year's 13.1 trillion yen ($87.6

Japan PM seeks extra budget exceeding 13 trillion yen, Nikkei says
Economy|Election|US

Trump's economic plans would worsen inflation, experts say

Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.”

Trump's economic plans would worsen inflation, experts say
Economy|Finance

Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances

By Danial Azhar KUALA LUMPUR - Malaysia will likely introduce further subsidy cuts and new taxes as part of its budget for next year, analysts and economists said, as it looks to strengthen its fiscal

Malaysia eyes more subsidy cuts, new taxes in 2025 budget to boost finances
Asia|Business|Economy|Finance

China's economy set to grow 4.8% in 2024, missing target: Reuters poll

China's economy is likely to expand 4.8% in 2024, undershooting the government's target, and growth could cool further to 4.5% in 2025, a Reuters poll showed,

China's economy set to grow 4.8% in 2024, missing target: Reuters poll
Economy|Europe|Finance

French inflation slowed more than expected in September, INSEE says

French consumer prices fell more than initially expected in September, the INSEE statistics agency said on Tuesday, revising the headline annual consumer price index to 1.4%, strengthening

French inflation slowed more than expected in September, INSEE says
Economy|Finance|MidEast|World

Israel GDP growth revised down to 0.3% as Gaza war takes economic toll

Israel's economy grew slower in the second quarter than previously thought, data showed on Tuesday, as Israel's war in Gaza against the Palestinian Islamist group Hamas continued

Israel GDP growth revised down to 0.3% as Gaza war takes economic toll
Business|Finance|Stock Markets|US

Boeing lines up $35 billion in funds as strike hammers finances

Boeing set out to shore up its sagging finances on Tuesday, announcing plans to raise up to $25 billion through stock and debt offerings and a $10

Boeing lines up $35 billion in funds as strike hammers finances
Business|Economy|Election|US

Ahead of the presidential election, small biz owners are growing more uncertain about the economy

Small business owners are growing more uncertain about the economy ahead of the presidential election and are reining in spending, according to a new survey

Ahead of the presidential election, small biz owners are growing more uncertain about the economy
Business|Economy|Finance|US

US retail trade group expects holiday season sales to grow more slowly

The largest retail trade group in the United States says it expects consumers to spend more during the upcoming holiday season but the growth in sales to be slower than last year due to concerns over persistent inflation and prices

US retail trade group expects holiday season sales to grow more slowly
Business|Economy|Finance

Troubled Boeing signals it may raise up to $25 billion to shore up finances

Boeing is moving toward raising up to $25 billion to shore up its troubled financial position

Troubled Boeing signals it may raise up to $25 billion to shore up finances
Asia|Business|Economy|Finance|Stock Markets

Triple dose of central banks as tech, oil slump

A look at the day ahead in Asian markets. 

Triple dose of central banks as tech, oil slump
Asia|Business|Economy|Finance

Chinese finance professionals switch careers as industry crackdown dims prospects

Disillusioned Chinese bankers and fund managers are giving up careers in a finance sector where government campaigns and regulation have coloured

Chinese finance professionals switch careers as industry crackdown dims prospects
Asia|Economy|World

Indonesia's Prabowo briefs potential ministers on economy, geopolitics

Indonesia's incoming leader Prabowo Subianto briefed his would-be ministers on Wednesday on economic and geopolitical issues ahead of his Sunday inauguration, his spokesperson said,

Indonesia's Prabowo briefs potential ministers on economy, geopolitics
Asia|Economy

Hong Kong pushes reforms to spark economic growth, cut liquor duties

Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets including slashing liquor duties, while seeking to

Hong Kong pushes reforms to spark economic growth, cut liquor duties
Asia|Economy|Finance

Thai central bank delivers first rate cut since 2020, downplays political pressure

Thailand's central bank unexpectedly cut its key interest rate on Wednesday, saying the move brought rates a "neutral" level consistent

Thai central bank delivers first rate cut since 2020, downplays political pressure
Business|Economy|US

What's behind the widening gender wage gap in the US?

The first widening of the gender wage in 20 years is the latest indication that many women have paid a price for leaving the workforce at the height of the COVID-19 pandemic, either because they lost their jobs or because they quit because of caretaking responsibilities

What's behind the widening gender wage gap in the US?
Economy

Germany must forge new policy to save its industry, says Scholz

German Chancellor Olaf Scholz said on Wednesday he would invite the country's top business associations and trade unions to a meeting in October on forging a new policy to save

Germany must forge new policy to save its industry, says Scholz
Economy|Food

India's high food prices curtail spending in early festive season, retailers say

Rising prices of edible oils and vegetables like onions and tomatoes have driven up grocery spending for Indian households ahead of the festival season, prompting

India's high food prices curtail spending in early festive season, retailers say
Election|US

The Latest: Harris and Trump pivot to turnout as early voting begins

With just 21 days remaining to cast votes this presidential season, Kamala Harris and Donald Trump are scrambling to win over key constituents as well as the other party's voters

The Latest: Harris and Trump pivot to turnout as early voting begins
Business|Economy|Finance

PIMCO says UK budget unlikely to shock markets, gilts look attractive

Britain's new government is unlikely to upset investors in its first budget this month and the outlook for its debt is more positive than

PIMCO says UK budget unlikely to shock markets, gilts look attractive
Business|Economy|Europe|Finance

Germany may have to limit borrowing due to EU rules, Lindner says

Germany may have to make further savings in its 2025 budget to comply with EU rules, despite room for borrowing allowed under Germany's own balanced budget law

Germany may have to limit borrowing due to EU rules, Lindner says
Environment|Europe

Serbian protestors rally to oppose Rio Tinto's lithium mine project

Hundreds of protesters in the western Serbian town of Loznica rallied on Wednesday to oppose Rio Tinto's planned lithium project in the region, saying

Serbian protestors rally to oppose Rio Tinto's lithium mine project
Business|Economy|Finance

Smaller UK firms need help to end 'doom loop', think tank says

Britain's smaller listed companies can reverse a "doom loop", driven by plummeting valuations and higher costs and regulation, with help from broader tax exemptions and incentives,

Smaller UK firms need help to end 'doom loop', think tank says
Asia|Business|Economy

Singapore's September exports rise 2.7% y/y, less than forecast

Singapore's non-oil domestic exports rose 2.7% in September from the same month a year earlier, data on Thursday showed, supported by growth in electronic and non-electronic

Singapore's September exports rise 2.7% y/y, less than forecast
Asia|Business|Economy|Finance|Stock Markets|US

Tokyo Stock Exchange CEO says talks between firms and investors key to governance

The Tokyo Stock Exchange's role from now on is to facilitate constructive dialogue between companies and investors rather than mandate how businesses are run, its head

Tokyo Stock Exchange CEO says talks between firms and investors key to governance
Asia|Business|Finance|Stock Markets|US

Stock market today: Wall Street drifts around its records following latest encouraging economic data

U.S. stocks drifted around their record heights following the latest signals that the U.S. economy continues to hum

Stock market today: Wall Street drifts around its records following latest encouraging economic data
Economy|Europe|Finance|Stock Markets

Sweden to loosen budget rules to boost infrastructure, defence

Sweden plans to ease tight budget spending rules as it looks to boost spending in areas like infrastructure and defence, Finance Minister Elisabeth Svantesson said on Thursday.

Sweden to loosen budget rules to boost infrastructure, defence
Business|Economy|Finance

Structural impediments challenge Pakistan's macroeconomic stability, says central bank

Structural impediments are challenges to sustaining macroeconomic stability in Pakistan, the State Bank of Pakistan's annual report on the state of the country's economy has

Structural impediments challenge Pakistan's macroeconomic stability, says central bank
Asia|Economy|Finance

Vietnam central bank says to keep policy supportive, open to rate cuts

Vietnam can still meet its economic growth target this year despite the extensive damage caused by Typhoon Yagi and is open to the possibility of interest rate cuts,

Americas|Election|Political

Uruguay's leftist presidential frontrunner: no plan for tax hikes; focus on growth

Uruguay's center-left presidential candidate Yamandu Orsi, the frontrunner in polls ahead of elections this month, plans to avoid unpopular tax hikes despite

Uruguay's leftist presidential frontrunner: no plan for tax hikes; focus on growth
Economy|Finance|US

Strong discretionary spending buoys US retail sales in September

U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view

Strong discretionary spending buoys US retail sales in September
Economy|Europe|Finance

ECB cuts rates as expected, says well on track to tame inflation

The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and

ECB cuts rates as expected, says well on track to tame inflation
Business|Economy|Finance

Big central banks are firmly in rate-cut mode

Seven of the 10 big developed-market central banks tracked by Reuters have now started easing policy, with expectations of how quickly each will move

Big central banks are firmly in rate-cut mode
Africa|Business|Economy|Finance|World

South Africa could lower inflation target at little cost, central bank governor says

South Africa's central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost.

South Africa could lower inflation target at little cost, central bank governor says
Business|Economy|Europe|Finance

French budget packs bigger tax punch than first meets the eye

France's belt-tightening budget delivers a bigger tax hit than the government originally let on, according to new breakdowns that suggest a bigger dent in President

French budget packs bigger tax punch than first meets the eye
Business|Economy|Finance|US

Recovery of US bank failure fund ahead of schedule, FDIC says

The U.S. government fund that backstops nearly $10 trillion in insured bank deposits is recovering ahead of schedule from declines and losses in recent years, while the banking system

Recovery of US bank failure fund ahead of schedule, FDIC says
Asia|Business|Economy|Finance|US|World

IMF's Georgieva says China can no longer rely on exports for growth

International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Thursday that China is too large to continue relying on exports to drive its

IMF's Georgieva says China can no longer rely on exports for growth
Business|Food|Lifestyle|Technology

‘Really squeezed’: Why drivers in the world’s largest food delivery market are having meltdowns

‘Really squeezed’: Why drivers in the world’s largest food delivery market are having meltdowns

‘Really squeezed’: Why drivers in the world’s largest food delivery market are having meltdowns
Asia|Economy|Finance

Japan top FX diplomat says recent yen moves 'one-sided' in fresh warning

Japan's top currency diplomat, Atsushi Mimura, said on Friday that recent currency moves are "somewhat one-sided and rapid," in a fresh warning

Japan top FX diplomat says recent yen moves 'one-sided' in fresh warning
Asia|Business|Economy|Finance

China September industrial output rises 5.4%, beating expectations

China's industrial output in September grew 5.4% from a year earlier, up from a 4.5% pace in August, providing some encouragement to policymakers as they step up efforts to revive

China September industrial output rises 5.4%, beating expectations
Asia|Business|Economy|Finance

China's Q3 GDP growth skids to slowest since early 2023

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector

China's Q3 GDP growth skids to slowest since early 2023
Asia|Economy|Finance|Stock Markets

China rolls out $112 billion funding schemes to bolster stock market

China's central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-

China rolls out $112 billion funding schemes to bolster stock market
Asia|Economy|Finance|Stock Markets

Lots of China news, little clarity

By Kevin Buckland A look at the day ahead in European and global markets from Kevin Buckland China is very much the center of attention today, following a barrage of data and remarks from its central

Lots of China news, little clarity
Business|Economy|Europe|Finance

Britain's Reeves to stress stability on first IMF trip as finance minister

Rachel Reeves will stress a commitment to stability in her first trip as Britain's finance minister to the International Monetary Fund's annual meetings in

Britain's Reeves to stress stability on first IMF trip as finance minister
Election|Political|US

American despair: In Arizona, high home prices and limited prospects shape voters' presidential pick

American voters are hearing both parties promise to help the middle class if they win the election next month

American despair: In Arizona, high home prices and limited prospects shape voters' presidential pick
Asia|Business|Economy|Finance

Vietnam PM says aiming to lift 2024 growth above 7%

Vietnam's gross domestic product is expected to grow by 6.8%-7.0% this year, Prime Minister Pham Minh Chinh told parliament on Monday, before adding that the government was aiming to

Vietnam PM says aiming to lift 2024 growth above 7%
Business|Economy|Finance

Australia central bank surprised employment is so strong, but not 'data obsessed'

Australia's central bank has been surprised by the strength of employment growth, a top official said on Monday, adding policymakers remained ready to respond to changes in economic

Australia central bank surprised employment is so strong, but not 'data obsessed'
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street pulls back from its records

U.S. stocks edged back from their all-time highs as some of the steam came out of Wall Street’s long, record-breaking rally

Stock market today: Wall Street pulls back from its records
Business|Europe|Finance|Stock Markets

STOXX 600 finishes lower ahead of key earnings reports

European shares ended Monday's choppy session in the red ahead of a series of marquee corporate earnings, although stabilising oil

STOXX 600 finishes lower ahead of key earnings reports
Asia|Election|World

What to expect from Japan's Oct 27 election

Japan's general election on Sunday will be a test for new prime minister Shigeru Ishiba, who is seeking to solidify his position atop a scandal-plagued party.

What to expect from Japan's Oct 27 election
Asia|Business|Economy|Finance

Taiwan's September export orders miss expectations, China drags

Taiwan export orders fell short of expectations for September, losing some steam ahead of the year's end as it remained buoyed by the artificial

Taiwan's September export orders miss expectations, China drags
Business|Economy|Finance|Stock Markets|US

Holding stock records, with a golden hedge

A look at the day ahead in U.S. and global markets from Mike Dolan A relatively quiet start to the week for world markets leaves Wall Street pondering the sustainability of the recent record highs as

Holding stock records, with a golden hedge
Business|Economy|Finance|US

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Europe|Finance|Stock Markets|US

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts

Goldman Sachs said on Tuesday the euro could fall as much as 10% - implying a drop below $1 from current levels - in a scenario in which Donald Trump imposes

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts
Economy|Finance

South African rand supported by carry trade and precious metals

The South African rand was stronger on Tuesday, buoyed by global precious metals prices and its appeal for carry trades.

South African rand supported by carry trade and precious metals
Economy|MidEast|World

War has knocked Gaza back to the 1950s, UNDP says

The war between Israel and Hamas has devastated the Palestinian economy and left nearly all of Gaza's population in poverty, with quality of life indicators such as

War has knocked Gaza back to the 1950s, UNDP says
Business|Economy|Finance|Stock Markets|World

Bank of Israel voted 5-0 to hold rates at October decision, minutes show

All five members of the Bank of Israel's monetary policy committee voted on Oct. 9 to leave the benchmark interest rate unchanged at 4.5%, minutes of the discussion showed on

Bank of Israel voted 5-0 to hold rates at October decision, minutes show
Americas|Business|Economy|Finance

Argentina's beleaguered economy set to rebound in 2025: Reuters poll

Argentina's beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with

Argentina's beleaguered economy set to rebound in 2025: Reuters poll
Economy|Europe|Finance

ECB's rate cut direction clear, pace up for debate, Lagarde says

Euro zone inflation is easing and may fall back to 2% quicker than previously thought, supporting the case for further European Central Bank rate cuts, ECB President Christine

ECB's rate cut direction clear, pace up for debate, Lagarde says
Economy|Finance|US

Yellen: Haven't yet seen a China policy to fix its low consumer spending

U.S. Treasury Secretary Janet Yellen on Tuesday said she has not yet seen policies announced by China that would address its low level of consumer spending as a share of its economy.

Yellen: Haven't yet seen a China policy to fix its low consumer spending
Economy|Europe|Finance

US, Europe matching rate paths must diverge: McGeever

U.S. and European interest rates have followed parallel paths this year, even as the regions' economic and inflationary outlooks have veered in different

US, Europe matching rate paths must diverge: McGeever
Business|Economy|US

Fact check: Walz falsely claims Trump lost more manufacturing jobs than any other president

Fact check: Walz falsely claims Trump lost more manufacturing jobs than any other president

Fact check: Walz falsely claims Trump lost more manufacturing jobs than any other president
Business|Economy|Finance

Denny's says it expects to close 150 locations by the end of 2025

Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales

Denny's says it expects to close 150 locations by the end of 2025
Economy|Finance|US

Dollar continues rally, hits 3-month high vs yen

The dollar climbed above 153 against the yen for the first time in nearly three months on Wednesday on U.S. economic strength and an expected divergence among

Dollar continues rally, hits 3-month high vs yen
Election|Europe|Finance|Stock Markets|US

Election and Fed jitters grip markets

A look at the day ahead in European and global markets from Ankur Banerjee  The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of the Federal

Election and Fed jitters grip markets
Business|Economy|Finance

Maldives to focus on managing debt bilaterally, ends work with Centerview

The Maldives has "phased out" a brief engagement with U.S. firm Centerview Partners on debt matters and the island nation will now focus on managing debt

Business|Economy|Opinion|US

23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s

23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s

23 Nobel Prize-winning economists call Harris’ economic plan ‘vastly superior’ to Trump’s
Africa|Economy|Finance

South African inflation drops sharply, paving way for more rate cuts

South Africa's inflation dropped sharply in September, hitting its lowest level in more than three years and bolstering expectations for another interest rate cut by the

South African inflation drops sharply, paving way for more rate cuts
Asia|Economy|Finance

South Korean finance minister views dollar-won near 1,400 as new normal, Yonhap reports

South Korea's finance minister said the won's current level near 1,400 per dollar should be regarded as a "new normal", the Yonhap news agency reported on Wednesday, although the

South Korean finance minister views dollar-won near 1,400 as new normal, Yonhap reports
Americas|Business|Economy|Finance

Foreign debt financing by Brazilian issuers surges in 2024

Foreign debt financing by Brazilian issuers is surging again, reaching a three-year high in 2024, as local companies seek to refinance existing obligations

Foreign debt financing by Brazilian issuers surges in 2024
Business|Finance|Stock Markets|US

Wall Street closes down, pressured by tech losses and worries about rates

Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident

Wall Street closes down, pressured by tech losses and worries about rates
Business|Economy|Finance|US

Sibanye's Montana woes underscore miners' growing reliance on Washington

U.S. mining projects are growing reliant on Washington's financial support to offset global competition, a reality underscored by Sibanye Stillwater's decision last

Sibanye's Montana woes underscore miners' growing reliance on Washington
Economy|Europe

Euro zone consumer confidence rises to -12.5 in October

Euro zone consumer confidence rose by 0.4 points in October from the September number, figures released on Wednesday showed.

Economy|Finance|US|World

BRICS is for the fairies until China and India get serious, 'Mr BRICS' says

The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade,

BRICS is for the fairies until China and India get serious, 'Mr BRICS' says
Business|Economy|Finance|Stock Markets|US

US existing home sales slide to 14-year low; prices stay elevated

U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices.

US existing home sales slide to 14-year low; prices stay elevated
Business|Economy|Election|Political|US

Harris unveils support for $15 minimum wage after slamming Trump’s McDonald’s visit

Harris unveils support for $15 minimum wage after slamming Trump’s McDonald’s visit

Harris unveils support for $15 minimum wage after slamming Trump’s McDonald’s visit
Americas|Economy

Argentina's economic activity contracts less than expected in August

Argentina's economic activity grew 0.2% in August from July and fell less than expected from a year ago in the South American country's third straight month of year-on-year

Asia|Economy

South Korea's economy barely grows in Q3 as exports slip

South Korea's economy barely grew in the third quarter as consumer spending showed signs of recovery but exports declined, raising the chances for more stimulus to

South Korea's economy barely grows in Q3 as exports slip
Asia|Business|Economy|Finance|Stock Markets

Japan's factory activity dips for 4th straight month, PMI shows

Japan's factory activity contracted for the fourth straight month in October on subdued demand and weak orders, a private-sector survey showed on Thursday.

Japan's factory activity dips for 4th straight month, PMI shows
Economy|Finance|US

Euro, yen climb as dollar rally takes a breather

The euro and Japanese yen strengthened on Thursday as the U.S. dollar paused after rallying to a nearly three-month high, with the greenback only briefly

Euro, yen climb as dollar rally takes a breather
Asia|Business|Election|Finance|Stock Markets|US

Global shares edge higher, US yields fall as strong earnings allay election worries

Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S.

Global shares edge higher, US yields fall as strong earnings allay election worries
Health|Opinion|US

Abortion bans are top of mind for young women in North Carolina as they consider Harris or Trump

TikTok videos of women turned away from emergency rooms because of state abortion bans haunt one young female voter in North Carolina

Abortion bans are top of mind for young women in North Carolina as they consider Harris or Trump
Business|Economy|Europe|Stock Markets

ECB hawks push back against bets on more and bigger cuts

Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least

ECB hawks push back against bets on more and bigger cuts
Business|Europe|Finance|Technology

Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown

French software company Dassault Systemes cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive

Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown
Business|Economy|Europe

German business activity contracts at slower pace in October, PMI shows

German business activity contracted in October but less steeply than the previous month, according to a survey published on Thursday.

German business activity contracts at slower pace in October, PMI shows
Business|Economy|Finance|World

Saudi Arabia's FDI inflows at $26 billion in 2023, exceeding target

Saudi Arabia, the Arab world's biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to

Saudi Arabia's FDI inflows at $26 billion in 2023, exceeding target
Business|Economy|Finance

UK business sentiment weakest in two years before budget, CBI says

Sentiment among British manufacturing companies fell at the fastest pace in two years ahead of finance minister Rachel Reeves' first budget next week, a survey showed on Thursday.

UK business sentiment weakest in two years before budget, CBI says
Business|Economy|Europe|Finance

German wage catch-up continues even as economy shrinks, Bundesbank says

German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country's central bank said

German wage catch-up continues even as economy shrinks, Bundesbank says
Business|Economy|Finance|Stock Markets|US

Markets bounce as Tesla surges, yields retreat

A look at the day ahead in U.S. and global markets from Mike Dolan Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla that sent its

Markets bounce as Tesla surges, yields retreat
Business|Economy|Election|US

US businesses are suffering from election uncertainty — and it could be hurting the economy

US businesses are suffering from election uncertainty — and it could be hurting the economy

US businesses are suffering from election uncertainty — and it could be hurting the economy
Asia|Business|Economy|Finance

Thai cbank sees no need for inflation target change, no easing cycle ahead

Thailand's current inflation target range of 1% to 3% has "served pretty well" and should not be changed, a

Thai cbank sees no need for inflation target change, no easing cycle ahead
Economy|Finance|US

Widening U.S. fiscal deficit a growing worry, says Scope Ratings

A widening U.S. fiscal deficit is a growing concern and the threat of recurrent debt-ceiling standoffs and associated risk of a near or technical default remains a key factor behind

Widening U.S. fiscal deficit a growing worry, says Scope Ratings
US

Fed's Hammack: Work to bring inflation to target not complete

By Michael S.

Fed's Hammack: Work to bring inflation to target not complete
Business|Economy|Finance|MidEast|Stock Markets

Bankers see tepid investments due to uncertainty over US elections, geopolitics

Questions about the direction of the United States and wars in Ukraine and the Middle East are making investors cautious, bank executives

Bankers see tepid investments due to uncertainty over US elections, geopolitics
Asia|Business|Economy|World

Indonesia wants to join BRICS, ministry says

Indonesia has expressed its desire to join the BRICS group of major emerging economies, which accounts for 35% of global economic output, as a means to strengthen emerging

Indonesia wants to join BRICS, ministry says
Asia|Business|Economy|Finance

Japan factory output likely rebounded in Sept on auto production recovery: Reuters poll

Japan's industrial output likely rebounded in September, led by a recovery in auto production, but sustained solid growth may be uncertain on lacklustre global demand, a Reuters poll

Japan factory output likely rebounded in Sept on auto production recovery: Reuters poll
Asia|Election|Finance|Stock Markets

Stock market today: Wall Street closes mostly lower and ends a 6-week winning streak

Stocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak

Stock market today: Wall Street closes mostly lower and ends a 6-week winning streak
Business|Economy|Finance

German business sentiment rises, giving rare boost to ailing economy

German business morale improved more than expected in October, a survey showed on Friday, offering hope for some respite towards the end of the year in the economy's

German business sentiment rises, giving rare boost to ailing economy
Business|Europe|Finance|Stock Markets

European shares end week in the red as earnings disappoint

Europe's main stock index closed Friday's choppy session flat and notched weekly losses, as a handful of weak corporate earnings from

European shares end week in the red as earnings disappoint
Africa|Economy|Finance

Zimbabwe inflation surges after currency devaluation

Zimbabwe's consumer inflation surged to 37.2% month on month in October in local currency terms, data showed on Friday, after a sharp devaluation in the southern African

Zimbabwe inflation surges after currency devaluation
Business|Economy|Europe|World

Iceland embraced a shorter work week. Here’s how it turned out

Iceland embraced a shorter work week. Here’s how it turned out

Iceland embraced a shorter work week. Here’s how it turned out
Economy|Finance|World

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending
Business|Economy|Finance|Stock Markets

TSX posts longest daily losing streak since April

Canada's main stock index ended lower for a fifth straight day on Friday, led by declines for the real estate and consumer discretionary sectors, as investors turned

TSX posts longest daily losing streak since April
Economy|Europe

Bundesbank's Nagel: steps needed to stop German economy from getting worse

Germany is not facing a deep economic contraction, but steps need to be taken to prevent things from getting worse, said Bundesbank President Joachim Nagel in Washington on

Bundesbank's Nagel: steps needed to stop German economy from getting worse
Business|Economy|Finance|Stock Markets|US

Nasdaq closes higher ahead of a heavy week of earnings

The Nasdaq ended higher on Friday, driven by megacap shares, as investors awaited quarterly results from some of Wall Street's

Nasdaq closes higher ahead of a heavy week of earnings
Business|Economy|Europe|Finance

Romanian firms wary of post-election shock therapy to cut budget deficit

Romania's largest employer association says a widening budget deficit is siphoning money away from the real economy, while some companies are postponing investment

Romanian firms wary of post-election shock therapy to cut budget deficit
Economy|Europe|Finance

French lower house approves budget amendment to tax billionaires

France's National Assembly on Friday approved an amendment to the government's 2025 belt-tightening budget bill that would hit the country's wealthiest individuals with a

French lower house approves budget amendment to tax billionaires
Asia|Election|World

Markets' wild 2024 election ride rolls on as U.S. vote looms

Japan's election could prompt the next market gyrations in a year in which countries housing half the world's population will have voted.

Markets' wild 2024 election ride rolls on as U.S. vote looms
Americas|World

Mexican Senate passes proposal to block challenges to constitutional reforms

Mexico's Senate on Friday passed a proposal which would make reforms to the Constitution "unchallengeable" as ruling party Morena and allies push through a swath of

Mexican Senate passes proposal to block challenges to constitutional reforms
Business|Economy|Europe

German finance minister will soon announce his proposals to boost growth

German Finance Minister Christian Lindner said he is working on his own proposals to stimulate growth in Europe's biggest economy, which will not focus only on

German finance minister will soon announce his proposals to boost growth
Economy|Europe|Finance

Moody's lowers France's outlook on budget fears, maintains rating

Credit ratings agency Moody's revised France's outlook to "negative" from "stable" on Friday, over mounting uncertainty that the country will be able to curb widening budget deficits,

Moody's lowers France's outlook on budget fears, maintains rating
Economy|Europe|Finance

French budget a credibility test for government, French central bank chief says

The new French budget goes in the right direction but focus must now shift to implementation, and getting the deficit down as planned is a credibility test for the new

French budget a credibility test for government, French central bank chief says
Economy|Europe|Finance

ECB's Nagel cautions against too hasty action on rates

The European Central Bank should not be too hasty in adjusting policy, Bundesbank President Joachim Nagel said on Saturday after some of his colleagues made the case in recent

ECB's Nagel cautions against too hasty action on rates
Election

Japan's ruling coalition loses majority, election outcome in balance

Japan's ruling coalition lost its parliamentary majority in a drubbing at Sunday's national election, raising uncertainty over the make-

Japan's ruling coalition loses majority, election outcome in balance
Economy|Finance|US

Trump floats ending the federal income tax. Here’s what that would mean

Trump floats ending the federal income tax. Here’s what that would mean

Trump floats ending the federal income tax. Here’s what that would mean
Asia|Business|Economy|Finance

China's Sept industrial profits post steepest fall of the year

China's industrial profits plunged in September, recording the steepest monthly decline of the year, official data showed on Sunday, as policymakers ramp

China's Sept industrial profits post steepest fall of the year
Business|Economy|Finance

Gold prices have surged in 2024. Here’s how to get in on the gold rush

Gold prices have surged in 2024. Here’s how to get in on the gold rush

Gold prices have surged in 2024. Here’s how to get in on the gold rush
Economy|Lifestyle

More families making over $150,000 are living paycheck to paycheck

More families making over $150,000 are living paycheck to paycheck

More families making over $150,000 are living paycheck to paycheck
Asia|Election|Finance|Political|World

Japan's government in flux after election gives no party majority

The make-up of Japan's future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba's scandal-tainted

Japan's government in flux after election gives no party majority
Asia|Business|Economy

China's private tutoring firms emerge from the shadows after crackdown

China is quietly easing regulatory pressure on private tutoring operators as it looks to revive a flagging economy, spurring a nascent

China's private tutoring firms emerge from the shadows after crackdown
Asia|Business|Economy|Finance|World

Japan's political shakeup complicates BOJ, fiscal policy outlook

The loss of Japan's ruling bloc's parliamentary majority has heightened prospects that a new government will need to ramp up spending and of potential

Japan's political shakeup complicates BOJ, fiscal policy outlook
Asia|Business|Economy|Technology

Taiwan Q3 growth seen slowing on dull investment, consumption: Reuters poll

Economic growth in trade-dependent Taiwan was expected to slow in the third quarter with exports still robust on AI demand but moderating, while domestic investment and consumption

Taiwan Q3 growth seen slowing on dull investment, consumption: Reuters poll
Economy|Europe|Finance

Europe's banking union is crucial for merger push, says German banks group head

Progress on European banking union is vital to policymakers' push to encourage cross-border mergers because banks will only be able to leverage synergies if

Europe's banking union is crucial for merger push, says German banks group head
Asia|Economy|Finance

Japan Sept jobless rate falls to 2.4%, job availability widens

Japan's jobless rate in September fell to 2.4% from 2.5% in August, government data showed on Tuesday.

Japan Sept jobless rate falls to 2.4%, job availability widens
Asia|Business|Finance|Stock Markets|US

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
Business|Economy|Europe|Finance

More companies planning price hikes in Germany, survey finds

Companies in Germany's industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank's 2%

More companies planning price hikes in Germany, survey finds
Economy|Europe

German consumer sentiment on steady path to recovery in November, finds GfK

German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though high prices and bad job market

German consumer sentiment on steady path to recovery in November, finds GfK
Asia|Business|Economy|Finance|World

Japan continues to see moderate economic recovery, cuts factory output view

The Japanese government stuck to its assessment that the economy is recovering moderately, although it reiterated the need to pay close attention to potential global economic risks

Japan continues to see moderate economic recovery, cuts factory output view
Asia|Business|Economy|World

China's factory activity likely contracted in Oct for a sixth month: Reuters poll

China's factory activity likely contracted in October for a sixth month, a Reuters poll showed on Tuesday, but by the tiniest of margins, backing officials' optimism that recent

China's factory activity likely contracted in Oct for a sixth month: Reuters poll
Asia|Business|Economy|Finance

Reaction to Reuters report on China's stimulus plans

China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, two sources with knowledge

Reaction to Reuters report on China's stimulus plans
Economy|Finance|US

US monthly house prices rise further in August

U.S. single-family home prices increased in August amid still tight supply, which together with elevated mortgage rates continue to keep prospective buyers on the sidelines.

US monthly house prices rise further in August
Uncategorized

German coalition must find joint response to economic malaise, finance minister says

Germany's ideologically disparate coalition of Social Democrats (SPD), free-market Free Democrats (FDP) and Greens will have to

German coalition must find joint response to economic malaise, finance minister says
Business|Economy|Election|Opinion|US

Americans’ economic mood is perking up ahead of the election, survey finds

Americans’ economic mood is perking up ahead of the election, survey finds

Americans’ economic mood is perking up ahead of the election, survey finds
Business|Economy|Finance

Saudi wealth fund to cut overseas investments

Saudi Arabia's sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a

Saudi wealth fund to cut overseas investments
Business|Economy|Finance

UK raises minimum wage by 6.7% in boost for workers, despite employer unease

Britain's minimum wage for most adults will increase by 6.7% from April next year, a boost for low-paid workers but a concern for employers who are finding it harder to

UK raises minimum wage by 6.7% in boost for workers, despite employer unease
Business|Economy|Finance

Bank of Canada says it is starting to see impact of recent rate cuts

The Bank of Canada is starting to see the impact of its four rate cuts so far this year and expects to gather more evidence in the months ahead, Governor Tiff Macklem said on Tuesday

Bank of Canada says it is starting to see impact of recent rate cuts
Asia|Economy|Finance

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says

Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says
Economy|Finance|Stock Markets|US

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
Asia|Business|Economy|Finance|Stock Markets|Technology

Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump

U.S. stock indexes edged lower after drops for Eli Lilly and chip companies overshadowed a jump for Google’s parent company

Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump
Asia|Business|Economy|Finance|Stock Markets

Hong Kong sees fresh record home buying by mainland Chinese, realtor says

Hong Kong saw fresh records of home-buying from mainland Chinese in the first three-quarters following efforts by the financial city to attract foreign professionals and remove

Hong Kong sees fresh record home buying by mainland Chinese, realtor says
Asia|Business|Economy|Finance

China's looming fiscal package set to stabilise rather than boost growth

China's planned fiscal package targets damaged property and local government balance sheets that weigh on the economy and fuel deflationary pressures,

China's looming fiscal package set to stabilise rather than boost growth
Economy|Europe|Sports

French economy expanded 0.4% in Q3 with Paris Olympics, INSEE says

French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024, from 0.2% in the second quarter, due to the impact of the Paris Olympic Games, preliminary

French economy expanded 0.4% in Q3 with Paris Olympics, INSEE says
Asia|Business|Economy|Finance

China stimulus should go hand in hand with reforms, ex central bank adviser says

China's stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser,

China stimulus should go hand in hand with reforms, ex central bank adviser says
Business|Economy|Europe

Italy economy stagnates in Q3, in blow to Meloni government

Italian gross domestic product stagnated in the third quarter compared with the previous three months, preliminary data showed on Wednesday, missing forecasts and

Italy economy stagnates in Q3, in blow to Meloni government
Economy|US

STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump

Europe's main stock index fell 1% to its lowest in over a month on Wednesday, as technology and mining stocks led a broader market decline in the

STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump
Business|Economy|Europe|Finance

German unemployment rises more than expected in October, labour office says

The number of people out of work in Germany rose more than expected in October, federal labour office figures showed on Wednesday.

German unemployment rises more than expected in October, labour office says
Economy|Opinion|Political|US

Harris wants to upgrade America’s economy. Trump wants to tear it down and start over

Harris wants to upgrade America’s economy. Trump wants to tear it down and start over

Business|Economy|Finance|US

Private sector added twice as many jobs as expected in October

Private sector added twice as many jobs as expected in October

Private sector added twice as many jobs as expected in October
Business|Economy|Finance

Key measures in UK Labour Party's first budget in nearly 15 years

British finance minister Rachel Reeves presented her first budget statement to parliament on Wednesday, unveiling the biggest tax rises since 1993 and changes to the government's

Key measures in UK Labour Party's first budget in nearly 15 years
Economy|Finance|US

US pending home sales jump the most in more than four years, NAR says

Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving inventory of properties for

US pending home sales jump the most in more than four years, NAR says
Business|Economy|Europe

Britain targets the wealthy as it hikes taxes by $52 billion

Britain targets the wealthy as it hikes taxes by $52 billion

Britain targets the wealthy as it hikes taxes by $52 billion
Economy|Finance|US

SkyBridge's Scaramucci says US will solve debt crisis, bitcoin to triple by 2026

The U.S. will effectively address its debt crisis by allowing inflation to rise slightly even though it may negatively impact savers and lower- to middle-income households

SkyBridge's Scaramucci says US will solve debt crisis, bitcoin to triple by 2026
Business|Economy|Finance

UK Labour budget spares markets from another 'Liz Truss moment'

UK markets were spared painful blows from the new Labour government's first budget on Wednesday, which announced 40 billion pounds of tax hikes to

UK Labour budget spares markets from another 'Liz Truss moment'
Election|US

Does Trump really want to compare now to four years ago?

Republican presidential candidate and former President Donald Trump's end-of-campaign arguments to voters choosing between him and Democrat Kamala Harris

Does Trump really want to compare now to four years ago?
Economy|Election|US

Economics professor: Facts keep interfering with Trump’s talking points about the economy

University of Michigan professor of economics Justin Wolfers, who is one of the 400 economists backing Kamala Harris' candidacy, says the facts about the US economy "interfere" with Donald Trump's claims about the economy.

Asia|Business|Economy

South Korea Sept factory output unexpectedly falls on weaker chip production

South Korea's factory output unexpectedly fell in September on weaker chip production, government data showed on Thursday.

South Korea Sept factory output unexpectedly falls on weaker chip production
Asia|Business|Economy|Finance

Japan September factory output rises more than expected

Japan's factory output in September rose 1.4% from the previous month, versus a median market forecast for a 1% rise, government data showed on Thursday.

Japan September factory output rises more than expected
Asia|Business|Economy|Finance

China's Oct non-manufacturing activity breaks back into expansion

China's non-manufacturing activity expanded in October, an official survey showed on Thursday, providing some relief to policymakers even as other indicators have suggested

China's Oct non-manufacturing activity breaks back into expansion
Asia|Business|Economy|Election|US

Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower

Drops for Big Tech companies including Microsoft and Facebook's parent company Meta Platforms led Wall Street lower

Stock market today: Microsoft, Meta and the burden of expectations knock Wall Street sharply lower
Asia|Economy|Election|Finance|Stock Markets|US

Japanese investors sell overseas assets for third week in a row

Japanese investors sold overseas assets for a third straight week through Oct. 26, cashing in on the yen's sharp decline amid U.S. election uncertainties and reduced expectations of big

Japanese investors sell overseas assets for third week in a row
Economy

Saudi Arabia's Q3 GDP grows by estimated 2.8% y/y

Saudi Arabia's economy grew 2.8% in the third quarter year on year, preliminary government data showed on Thursday, supported by an increase in non-oil activities.

Saudi Arabia's Q3 GDP grows by estimated 2.8% y/y
Asia|Economy|Finance

Hong Kong Q3 GDP expands 1.8% y/y, slower than forecast

Hong Kong's economy grew 1.8% in the third quarter year-on-year, official advance estimates showed on Thursday, expanding for a seventh straight quarter.

Hong Kong Q3 GDP expands 1.8% y/y, slower than forecast
Economy|Finance|Political|World

Russia braces for more tax rises to fund the Ukraine war

Russia will need to raise taxes further to fund its war in Ukraine, according to economists who say revenue-raising measures already announced will not be

Russia braces for more tax rises to fund the Ukraine war
Economy|Europe

French preliminary inflation at 1.5% in October, in line with expectations

French consumer prices rose in line with expectations in October, preliminary data from statistics agency INSEE showed on Thursday.

French preliminary inflation at 1.5% in October, in line with expectations
Business|Economy|US

The best protection from Trump’s inflationary agenda: Just be filthy rich

The best protection from Trump’s inflationary agenda: Just be filthy rich

Economy|Europe

Italy October EU-harmonised CPI accelerates to 1.0% y/y, above forecast

Italian EU-harmonised consumer prices (HICP) rose a preliminary 0.3% month-on-month in October, with annual inflation accelerating to 1.0% from 0.7% in September, data showed on

Italy October EU-harmonised CPI accelerates to 1.0% y/y, above forecast
Business|Economy|Europe|Finance

ECB's Panetta warns rate policy mustn't push inflation too low

The European Central Bank must avoid the risk of cutting interest rates too slowly and lowering inflation excessively, Governing Council Member Fabio Panetta said on Thursday.

ECB's Panetta warns rate policy mustn't push inflation too low
Business|Economy|US

Expect the unexpected in Friday’s jobs report

Expect the unexpected in Friday’s jobs report

Expect the unexpected in Friday’s jobs report
Business|Economy|Finance|US

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt

Canada's economy is likely to miss the Bank of Canada's revised third-quarter forecast after a slew of temporary factors stalled gross domestic

Canada's economy stalls in August; central bank's Q3 growth forecast in doubt
Economy|Europe|Finance

Hungary plans inflation-linked rises in some taxes from 2025

Hungary has proposed to increase some taxes in line with the July headline inflation rate from 2025, part of wider efforts by Prime Minister Viktor Orban's government to plug

Hungary plans inflation-linked rises in some taxes from 2025
Business|Economy|Finance

Friday’s jobs report just might disprove right-wing conspiracy theories

Friday’s jobs report just might disprove right-wing conspiracy theories

Friday’s jobs report just might disprove right-wing conspiracy theories
Business|Economy|Europe|Finance

Ukraine holds key rate at 13% as inflationary pressure grows

Ukraine's central bank kept its main interest rate unchanged at 13% on Thursday, in line with market expectations, and said it would remain cautious in the coming

Ukraine holds key rate at 13% as inflationary pressure grows
Americas|Business|Economy|Opinion

America won the war on inflation. You still think the economy stinks

America won the war on inflation. You still think the economy stinks