Hurricane Fiona helps to boost US weekly jobless claims

Weekly jobless claims increase 29,000 to 219,000 Continuing claims rise 15,000 to 1,361 million Announced job cuts jump 46% to 29,989 in September WASHINGTON, Oct 6 (Reuters) – The number of Americans filing new claims for unemployment benefits increased by the most in four months last week, but the labor market remains tight even as … Read more

One tops ancient Roman busts in Vatican museums

VATICAN CITY, Oct 5 (Reuters) – A man toppled two ancient Roman busts in the Vatican Museums on Wednesday, causing moderate damage before being stopped by staff and arrested, a museum source said. The source, who spoke on condition of anonymity because he was not authorized to discuss an ongoing investigation, said the man was … Read more

Tight global oil supply can’t be reversed easily, Shell, Aramco CEOs say

LONDON, Oct 4 (Reuters) – The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’s Chief Executive saying investments will not shift because prices are high . “(The market is) focusing on what will happen to … Read more

Sterling stands tall after UK policy U-turn; Aussie wobbles before RBA

TOKYO, Oct 4 (Reuters) – Sterling rose to a fresh post-budget high on Tuesday in Asia, weighing on the broader US dollar index, as the UK currency extended its recovery a day after the British government capitulated on tax cuts. The Aussie dollar retreated from near the top end of its recent range against the … Read more

China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity showed growth in September, but a slowdown in services sector growth and a downbeat private … Read more

GLOBAL ECONOMY Asia’s factory activity weakens on global slowdown, cost pressures

Japan Aug PMI marks weakest growth since Jan last year Manufacturing activity shrinks in Taiwan, Malaysia Slowing China, US demand weighing on Asia’s economies TOKYO, Oct 3 (Reuters) – Asia’s factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on … Read more

Hong Kong retail sales slip 0.1% in August

HONG KONG, Sept 30 (Reuters) – Hong Kong’s August retail sales slipped 0.1% from a year earlier amid a high base of comparison, government data showed on Friday. Sales decreased to HK$28.6 billion ($3.64 billion), having grown 4.1% in July. In volume terms, retail sales fell 2.9% year-on-year in August. That compares with a revised … Read more

SNB’s Jordan can’t rule out recession – Blick paper

Swiss National Bank (SNB) Chairman Thomas Jordan of the Swiss National Bank (SNB) addresses a news conference in Zurich, September 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 23 (Reuters) – The Swiss National Bank does not think the Swiss economy will slide into recession but cannot rule … Read more

US labor market resilient as recession signals grow stronger

Weekly jobless claims increase 5,000 to 213,000 Continuing claims drop 22,000 to 1,379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive interest rate increases. The weekly unemployment … Read more

EXCLUSIVE US Treasury official criticizes China’s ‘unconventional’ debt practices

Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register China is the world’s largest official creditor Lack of transparency, confidentiality agreements under four Progress urged on Common Framework debt deals for Zambia, others WASHINGTON, Sept 20 (Reuters) – A top … Read more