Today: September 26, 2024
Today: September 26, 2024

Latest From Reuters

Business|Economy|Finance

UK employer pay awards soften in three months to July, Brightmine survey shows

Pay awards granted by British employers fell during the three months to July, according to a survey on Wednesday that chimed with Bank of England forecasts for slowing wage growth.

UK employer pay awards soften in three months to July, Brightmine survey shows
Americas|Business|Economy|Finance

Brazil Senate OKs bill regulating payroll tax waivers

The Brazilian Senate approved a bill on Tuesday containing measures to offset the effects of a payroll tax exemption, in a key step to solve a months-long struggle between Congress

Brazil Senate OKs bill regulating payroll tax waivers
Business|Economy|Finance

Fed's Bowman still cautious about changing policy stance

Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in the U.S. central bank's policy because of what she sees as continued upside risks for

Fed's Bowman still cautious about changing policy stance
Business|Economy|Finance

Canada inflation cools to 40-month low of 2.5% in July

Canada's annual inflation rate cooled to a 40-month low of 2.5% in July, matching forecasts, and core inflation measures eased as well, data showed on Tuesday, keeping the Bank of

Canada inflation cools to 40-month low of 2.5% in July
Economy|Europe|Finance

Poland's top court rules central bank head cannot be questioned in parliament

Lawmakers should not be allowed to question Poland's central bank chief, a top court ruled on Tuesday, setting up a fresh clash between the government and judges it says are

Poland's top court rules central bank head cannot be questioned in parliament
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
Business|Economy|Europe|Finance

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|Europe|Finance

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
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
Asia|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
Economy|Europe|Finance

ECB may need to cut rates again in Sept, Rehn says

The European Central Bank may need to cut interest rates again in September given persistent economic weakness, Finnish central bank chief Olli Rehn said on Monday.

ECB may need to cut rates again in Sept, Rehn says
Americas|Economy|Finance

Mexico inflation likely eased in first half of August: Reuters poll

Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest

Mexico inflation likely eased in first half of August: Reuters poll
Economy

Chile's GDP down in Q2, economists see room for rate cuts

Chile's gross domestic product fell 0.6% in the second quarter of 2024 compared with the previous three-month period, data released by the country's central bank showed on Monday,

Chile's GDP down in Q2, economists see room for rate cuts
Business|Economy|Finance

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i

Canada's Alimentation Couche-Tard confirmed on Monday it has made an offer to buy Japan's Seven & i.

Canada's Couche-Tard confirms buyout offer for Japan's Seven & i
Economy|Finance

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports

Minneapolis Fed President Neel Kashkari said it was appropriate to discuss potentially cutting U.S. interest rates in September because of the rising possibility of a weakening labor market

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports
Business|Economy|Finance|Stock Markets

Greenback in the red as Jackson Hole looms

A look at the day ahead in U.S. and global markets from Samuel Indyk The volatility that rocked markets in early August appears to be back under control, and with the Kansas City Fed's Jackson Hole

Greenback in the red as Jackson Hole looms
Asia|Economy|Finance

Yuan up as dollar wobbles ahead of Jackson Hole

The yuan headed for its sharpest gain in two weeks on Monday, riding a wave of broad dollar selling as investors bet on U.S. rate cuts, but slid against a resurgent yen.

Yuan up as dollar wobbles ahead of Jackson Hole
Business|Economy|Finance

Key facts about Canada's biggest rail operators as work stoppage begins

Canada is seeing an unprecedented simultaneous stoppage at its two main freight rail operators that could inflict billions of dollars worth of economic damage.

Key facts about Canada's biggest rail operators as work stoppage begins
Business|Economy|Finance

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports

San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial

Fed's Daly says it is time to consider adjusting borrowing costs, FT reports
Economy|Finance|Stock Markets

US equity funds see biggest weekly outflow in two months

U.S. investors cut their equity fund holdings and boosted safer positions in the seven days to Aug. 14 amid persistent concerns over an economic slowdown and recent market volatility.

US equity funds see biggest weekly outflow in two months
Business|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
Asia|Business|Economy

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
Asia|Business|Economy

What is antimony and why is China curbing its exports?

China will impose export controls on some antimony products from Sept. 15, it said on Thursday, citing national security, adding to measures imposed by Beijing since last year to curb

What is antimony and why is China curbing its exports?
Business|Economy|Finance

Cash sweep scrutiny threatens wealth managers' credit ratings, Moody's says

The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's Ratings warned on Thursday, underscoring the

Cash sweep scrutiny threatens wealth managers' credit ratings, Moody's says
Business|Economy|Finance

Evergrande onshore unit's administrator seeks details from creditors ahead of meeting

The administrator of a major Evergrande onshore unit has asked creditors to provide details about the debt the embattled property developer owes to them ahead of the first

Evergrande onshore unit's administrator seeks details from creditors ahead of meeting

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