A surprisingly weak U.S. employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change
August 02, 2024
Chicago Federal Reserve Bank President Austan Goolsbee said on Friday the U.S. central bank should move in a "steady" way, a mild pushback against the rush of market bets that the Fed will
August 02, 2024
Italy has no plans to introduce new windfall taxes on company profits, government sources said on Friday, denying press reports.
August 02, 2024
Global equities sold off on Friday and U.S.
August 02, 2024
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
August 02, 2024
Investors put money into U.S. equity funds in the week through July 31 as they anticipated the Federal Reserve would signal interest rate cuts following its policy meeting, though an
August 02, 2024
Bank of England Chief Economist Huw Pill said on Friday that the fight against high inflation was not won and there was no guarantee that interest rates would fall again soon.
August 02, 2024
Ethiopia will save $4.9 billion from its debt restructuring exercise, State Finance Minister Eyob Tekalign said on Friday.
August 02, 2024
Global stock markets tumbled on Monday at the start of another volatile week, as a so-far reasonably robust earnings season failed to offset fears of a U.S. recession and worries that
August 02, 2024
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
August 02, 2024
The Australian dollar was pinned near three-month lows on Friday as weak U.S. data fuelled fears of a sharp slowdown in the world's largest economy, sending investors to the embrace
August 02, 2024
The U.S.
August 02, 2024
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
August 01, 2024
China's efforts to boost household spending are expected to help the economy hit the government's 2024 growth target of roughly 5%, but the authorities may have to do more for
August 01, 2024
Workers at BHP's Escondida, the world's largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the union said
August 01, 2024
Wall Street's most watched gauge of investor anxiety jumped to a more than three-month high on Thursday as U.S. stocks fell sharply after a round of data on Thursday spurred
August 01, 2024
Insurer Prudential Financial reported a rise in second-quarter adjusted profit on Thursday, as its U.S. unit was boosted by stronger underwriting and higher investment returns.
August 01, 2024
Latin America e-commerce giant MercadoLibre said on Thursday its net profit more than doubled in the second quarter from a year earlier, beating analysts' estimates with Brazil's
August 01, 2024
U.S. rare earths producer MP Materials on Thursday reported a steeper-than-expected second-quarter loss due to falling prices for the strategic minerals and operational challenges, although
August 01, 2024
U.S. oil and gas producer Coterra Energy missed analysts' estimates for second-quarter profit on Thursday, hurt by subdued natural gas prices.
August 01, 2024
Payments firm Block raised its forecast for annual adjusted core earnings on Thursday and unveiled a $3 billion buyback plan, betting on resilient consumer spending
August 01, 2024
Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing input
August 01, 2024
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
August 01, 2024
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
August 01, 2024
Venezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests and international
August 01, 2024
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