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News
NZ opposition leader Hipkins says Labour focused on tackling cost of living woes
3+ day, 10+ hour ago (516+ words) WELLINGTON, Sept 9 (Reuters) – Former New Zealand Prime Minister Chris Hipkins says his Labour party was too slow to grasp the cost-of-living pain in the wake of COVID-19 battles, as he looks to win back urban, middle-income voters who will help…...
Oil prices steady as traders weigh supply risks
1+ week, 4+ day ago (430+ words) Sept 2 (Reuters) – Oil prices were little changed on Wednesday after climbing to more than one-month highs earlier in the session as traders weighed the risk of supply disruptions following overnight U.S. and Iranian strikes against signs that crude supplies continue…...
Barclays sees two more Fed rate hikes this year after Warsh speech
1+ week, 6+ day ago (254+ words) Aug 31 (Reuters) – Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points in September and again in December after Chair Kevin Warsh’s latest remarks signalled a more hawkish stance, the brokerage said on Friday. Warsh told the…...
Malaysia PM unveils measures to tackle living costs, support local businesses
2+ week, 6+ hour ago (374+ words) KUALA LUMPUR, Aug 30 (Reuters) – Malaysian Prime Minister Anwar Ibrahim on Sunday introduced measures to address rising living costs and support businesses, including restoring higher quotas for subsidised petrol and diesel purchases, as well as more funding for schools and small…...
Analysis-Iran war drives US transport fuel surcharges, but also industry profits
2+ week, 1+ day ago (778+ words) LOS ANGELES, Aug 28 (Reuters) – U.S. retailers, manufacturers and small businesses are paying hefty fuel surcharges to ship their goods, not only as the U.S.-Israeli war on Iran boosts fuel costs but also as some shippers profit from the fees....
Japan spent record $96.5 billion to support yen over past month, ministry data shows
2+ week, 1+ day ago (434+ words) TOKYO, Aug 28 (Reuters) – Japanese authorities spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the local currency, Finance Ministry data showed on Friday. The size of the intervention shows the level of…...
Bank of Canada to hold rates for another year, wait for more stability on trade: Reuters poll
2+ week, 1+ day ago (537+ words) BENGALURU, Aug 28 (Reuters) – The Bank of Canada will keep its overnight rate at 2.25% on Wednesday and leave it unchanged for at least another year, according to a Reuters poll of economists who have not changed their outlook following the suspension…...
Congo’s president calls for national dialogue to ease tensions, rebels excluded
2+ week, 1+ day ago (285+ words) DAKAR, Aug 28 (Reuters) – Democratic Republic of Congo President Felix Tshisekedi has unveiled plans for a national dialogue aimed at easing political tensions, which have risen over a bill that critics say could pave the way for him to seek a…...
UK inflation expectations rise in August after recent falls, Citi/YouGov survey shows
2+ week, 4+ day ago (146+ words) LONDON, Aug 25 (Reuters) – Public inflation expectations in Britain rose in August, changing course after falling in recent months, a survey from U.S. bank Citi and pollsters YouGov showed on Tuesday. Expectations for inflation over the next 12 months jumped to…...
German business sentiment rises more than expected in August, Ifo survey finds
2+ week, 5+ day ago (198+ words) BERLIN, Aug 25 (Reuters) – German business morale grew more than expected in August, a survey showed on Tuesday, adding to signs that Europe’s largest economy is on track for a long-awaited recovery. The Ifo institute said its business climate index rose…...