BERLIN (Reuters) – European new car registrations grew in August, bringing an end to 13 months of consecutive decline, data from the region’s carmaker association showed on Friday. The number …
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China’s property woes deepen in Aug as prices, sales and investment drop
by Reutersby ReutersBy Liangping Gao and Ryan Woo BEIJING (Reuters) -Woes in China’s property market worsened in August, with official data showing home prices, sales and investment all falling in August, as …
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By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up a fragile recovery, but …
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Analysis-‘It’s a car with broken brakes’: investors see unrelenting yen descent
by Reutersby ReutersBy Kevin Buckland and Rae Wee TOKYO/SINGAPORE (Reuters) – Japan’s threats of currency intervention might slow but not stop the yen from hurtling towards three-decade lows before the year end, …
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Adobe to buy Figma in $20 billion bid on future of work that spooks investors
by Reutersby ReutersBy Chavi Mehta, Tiyashi Datta and Krystal Hu (Reuters) -Adobe Inc agreed on Thursday to acquire cloud-based designer platform Figma for $20 billion, sparking investor concerns about the rich price …
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Greater China-focused hedge funds showing biggest net outflows in 15 years
by Reutersby ReutersBy Summer Zhen HONG KONG (Reuters) – Hedge funds that invest in Greater China are showing their biggest net fund outflows in at least 15 years, according to data for …
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A look at the day ahead in European and global markets from Anshuman Daga Disagreement over interest rate increases is discernible. Two ECB policymakers gave diverging views about the size …
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China Evergrande’s unit starts mass production of first EV model
by Reutersby ReutersSHANGHAI (Reuters) -China Evergrande Group said its electric vehicle (EV)unit started mass production on Friday of the Hengchi 5 model at a plant in the northern city of Tianjin. Delivery …
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Japan August core inflation seen hitting near 8-year high – Reuters poll
by Reutersby ReutersTOKYO (Reuters) – Japan’s core consumer inflation rate likely rose to a near eight-year high in August as companies passed on rising raw material costs fuelled by the weak yen, …
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U.S. railroads, workers avert shutdown, but hard work remains to finalize contract deal
by Reutersby ReutersBy Lisa Baertlein LOS ANGELES (Reuters) – U.S. freight railways and unions representing 115,000 workers may have reached a deal to avert a damaging shutdown that could have battered the …
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Japan signals readiness to act in FX market if sharp yen volatility persists
by Reutersby ReutersBy Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japan’s Finance Minister Shunichi Suzuki said on Friday he would not rule out any options in taking action in the foreign exchange …
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India’s current account deficit likely jumped to a near-decade high – Reuters poll
by Reutersby ReutersBy Arsh Tushar Mogre BENGALURU (Reuters) – India’s current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices …
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EU lawmakers condemn China’s live-fire exercises in Taiwan Strait
by Reutersby ReutersBRUSSELS (Reuters) -Members of the European Parliament backed a resolution on Thursday that condemned China’s live-fire military exercises in the Taiwan Strait and called for closer ties between the European …
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By Mukhammadsharif Mamatkulov SAMARKAND, Uzbekistan (Reuters) -Russian President Vladimir Putin on Thursday said he understood that Xi Jinping had questions and concerns about the situation in Ukraine but praised China’s …
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Australia’s central bank says closer to normalising rates, hints at 2.5-3.5% range
by Reutersby ReutersBy Wayne Cole and Stella Qiu SYDNEY (Reuters) -Australia’s top central banker on Friday said interest rates are closer to normalisation after a successive run of outsized hikes, although he …
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Donors double amount Iowa teen ordered to pay family of her accused rapist
by Reutersby ReutersBy Brendan O’Brien (Reuters) – Donations for an Iowa teenager poured in on Thursday, doubling the $150,000 amount a court ordered her to pay the family of a man whom …
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By Mike Stone, Humeyra Pamuk and Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden announced a new $600 million arms package to help the Ukrainian military battle Russia, according to …
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By Omar Younis and Rich McKay LOS ANGELES (Reuters) – A California man convicted of first-degree murder in the 2019 shooting of Grammy-winning rapper Nipsey Hussle had his sentencing delayed …
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U.S. rail labor deal hammered out over sandwiches and baked ziti
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) – U.S. Labor Secretary Marty Walsh kept railroads and unions at the bargaining table for 20 hours, fueled by sandwiches and baked ziti, to clinch …
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FedEx warns of worsening economy and pulls forecast; shares drop 16%
by Reutersby ReutersBy Nathan Gomes and Lisa Baertlein (Reuters) -FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a global demand slowdown accelerated at the end …
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Lula’s lead over Bolsonaro edges higher ahead of Brazil election – Datafolha poll
by Reutersby ReutersRIO DE JANEIRO (Reuters) -Brazil’s presidential hopeful Luiz Inacio Lula da Silva leads incumbent Jair Bolsonaro by 12 points, a Thursday poll showed, while the far-right leader seeking reelection has …
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Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze
Mortgage Rates Jump Above 6% For First Time Since 2008, Making Buyers Feel The Squeeze John Hugh DeMastri on September 15, 2022 Thirty-year fixed-rate mortgages jumped past 6% for the …
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MEXICO CITY (Reuters) – Mexican crime lord Jorge Costilla Sanchez was sentenced to life in prison in a U.S. federal court on Thursday for his involvement in trafficking marijuana and …
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YouTube, Meta will expand policies, research to fight online extremism
by Reutersby ReutersBy Sheila Dang and Katie Paul (Reuters) – Major tech companies on Thursday committed to taking fresh steps to combat online extremism by removing more violent content and promoting media …
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SEOUL (Reuters) – South Korea’s unemployment rate fell to a record low in August, while employed people increased for an 18th straight month, government data showed on Friday. The country’s …