NEWS1

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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Analysis: Alzheimer’s drug trial breakthrough boost for Roche, Eli Lilly

Biogen, Eisai report landmark result for experimental drug Nearly all Alzheimer’s trials have failed previously Drugs from Roche and Eli Lilly target the same protein as Biogen, Eisai compound Shares of all four drugmakers soar on news LONDON, Sept 28 (Reuters) – The results of a key Alzheimer’s drug trial on Wednesday have reignited decades-old …

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EU sees sabotage of Nord Stream, warns against attacks on ‘active infrastructure’

BRUSSELS, Sept 27 (Reuters) – European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage, and warned of the “strongest possible response” should active European energy infrastructure be attacked. “Spoke to (Danish Prime Minister Mette) Frederiksen on the sabotage action Nordstream,” von der Leyen …

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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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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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