ECM

US weekly jobless claims fall to five-month low;  Q2 GDP unrevised

US weekly jobless claims fall to five-month low; Q2 GDP unrevised

Weekly jobless claims drop 16,000 to 193,000 Continuing claims decrease 29,000 to 1.347 million Second-quarter GDP contraction unrevised at 0.6% rate WASHINGTON, Sept 29 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal …

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Iraq oil minister: OPEC monitoring oil prices, seeks market balance

Iraq’s oil minister Ihsan Abdul Jabbar speaks during the 29th Annual Middle East Petroleum & Gas Conference in Manama, Bahrain, May 16, 2022. REUTERS/Hamad I Mohammed Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Iraq Oil Minister Ihsan Abdul Jabbar on Monday said the Organization of the Petroleum Exporting Countries …

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Analysis: Crowd of dollar bulls raises risk of violent pullback

A teller counts US dollars at a money changer in Jakarta, Indonesia May 18, 2015. REUTERS/Nyimas Laula/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 26 (Reuters) – Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who …

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Fed officials stare down market volatility, say inflation remains paramount focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – US Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping US stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt US investors had …

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SNAPSHOT Wall Street opens lower on rate-hike, recession fears

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 7, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Wall Street’s main indexes opened lower on Monday as investors worried that the Federal Reserve’s aggressive push to curb inflation …

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Japan’s factory activity expands at slowest pace in 20 months

A worker walks near a factory at the Keihin industrial zone in Kawasaki, Japan, March 8, 2017. REUTERS/Toru Hanai Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan’s factory activity growth hit a 20-month low in September, as firms struggled with a global slowdown and pressure from high energy …

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Japan won’t intervene to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan likely won’t intervene in the currency market to defend a line-in-the-sand such as 145 yen versus the dollar, and instead limit any further action …

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McDonald’s hikes prices in Japan on higher input costs, weaker yen

Customers are seen through the windows of a McDonald’s store (top) in Tokyo, while others stand in line in front of cash registers, July 22, 2014. REUTERS/Yuya Shino Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan’s McDonald’s fast food restaurants will raise prices on about 60% of its …

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In China, home buyers occupy their ‘rotting’, unfinished properties

GUILIN, China, Sept 26 (Reuters) – For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city’s clean air. Her living conditions, however, are far from those promised: …

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Taking aim at government, UK’s Labor unveils national wealth fund plan

Shadow Chancellor of the Exchequer Rachel Reeves is interviewed outside the BBC in London, Britain, October 24, 2021. REUTERS/Peter Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register LIVERPOOL, England, Sept 25 (Reuters) – Britain’s Labor Party will unveil on Monday its plans to set up a national wealth fund to invest in …

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