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US and World News

  • US and World News

    Fed set to deliver another big rate hike, debate December downshift

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Ann Saphir (Reuters) – U.S. central bankers are expected to keep their inflation fight in high gear this week, even as they intensify a debate over when to downshift …

  • US and World News

    Sri Lanka’s key inflation rate eases to 66% in October

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) -Sri Lanka’s key inflation rate eased to 66% in October after hitting 69.8% in September, the crisis-struck country’s statistics department said on Monday. The still extremely elevated Colombo Consumer …

  • US and World News

    Japan has tools to smooth out yen moves, says ex-finance ministry exec

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japanese authorities cannot control yen levels with currency intervention but they have various tools to smooth out volatile moves driven by …

  • US and World News

    Euro zone inflation soars past forecasts to new record high

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    FRANKFURT (Reuters) – Euro zone inflation surged past expectations yet again this month to hit a record high, pointing to further interest rate hikes from the European Central Bank as …

  • US and World News

    Take Five: It’s rate hike central

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    LONDON (Reuters) – It’s rate hike central with monetary policy meetings in the United States, Britain, Australia and Norway in the week ahead. Any signs that the pace of aggressive …

  • US and World News

    Quotes: Getting ready to pause? Fed policymakers weigh in

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) – The Federal Reserve is set to raise interest rates by three-quarters of a percentage point at the end of a two-day meeting on Wednesday, marking the fourth straight …

  • US and World News

    China’s factory, services activity skids on relentless COVID curbs

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BEIJING (Reuters) -China’s factory activity unexpectedly fell in October, weighed by softening global demand and strict domestic COVID-19 curbs, which hit production, travel and shipping in the world’s second-largest economy. …

  • US and World News

    Marketmind: Fed peak rate talk meets China curbs, grain strain

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    A look at the day ahead in U.S. and global markets from Mike Dolan. A potentially pivotal week for U.S. monetary policy has been given a new twist from fresh …

  • US and World News

    Credit Suisse unveils details of $4 billion capital raising plan

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By John Revill ZURICH (Reuters) -Credit Suisse on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank’s bid …

  • US and World News

    ‘Perfect storm’ swirls as Canadians face hot inflation, rising rates

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Julie Gordon and Rod Nickel OTTAWA/WINNIPEG, Manitoba (Reuters) -At a warehouse on an industrial stretch in Ottawa, giant metal crates of donated groceries are piled high as volunteers sort …

  • US and World News

    Men wrongly convicted in Malcolm X slaying reach settlement with New York City, state

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Rich McKay (Reuters) – A man exonerated last year in the 1965 slaying of Black activist Malcolm X and the estate of a second man cleared posthumously reached a …

  • US and World News

    Man arrested in attack on U.S. House Speaker Pelosi’s spouse faces charges

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Nathan Frandino and Steve Gorman SAN FRANCISCO (Reuters) -The man who clubbed U.S. House Speaker Nancy Pelosi’s husband in the head with hammer, shouting “Where is Nancy?” after forcing …

  • US and World News

    Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    HONG KONG (Reuters) – Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight quarter of downturn, advance government …

  • US and World News

    Europe-listed Brazil stocks, Petrobras slip after Lula election win

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    LONDON (Reuters) – German-listed shares in Brazil’s state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da Silva narrowly defeated President …

  • US and World News

    Fewer German companies feel threatened than during pandemic – Ifo

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BERLIN (Reuters) – Far fewer German businesses feel their survival is at risk now than at the height of the COVID-19 pandemic, a survey by economic institute Ifo showed on …

  • US and World News

    Busking Brit crosses Iraq on his way to COP27 without flying

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Charlotte Bruneau BAGHDAD (Reuters) – With a violin on his back and maps in his bag, Dan Hodd left Spain a month ago and was cycling through busy Baghdad …

  • US and World News

    German union calls for strikes at Airbus, other companies

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BERLIN (Reuters) – German trade union IG Metal Kueste said it has called on several thousand workers to strike on Tuesday at 15 sites, including Airbus in Hamburg. The warning …

  • US and World News

    Hong Kong proposes allowing retail trade in cryptocurrencies

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Georgina Lee HONG KONG (Reuters) – Hong Kong’s government has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds – a move it hopes will help …

  • US and World News

    Japan carrier ANA Holdings posts half-year profit, raises full-year target

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    TOKYO (Reuters) -Japan’s largest airline ANA Holdings Inc on Monday swung to a half-year profit and raised its full-year earnings target as a relaxation of COVID-19 border measures fosters a …

  • US and World News

    Thai central bank winds down COVID era support measures

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BANGKOK (Reuters) – Thailand’s central bank on Monday said it would end two policies that were initiated to mitigate the impact of the pandemic, including measures that supported the property …

  • US and World News

    Stellantis Jeep joint venture in China to file for bankruptcy

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    (Reuters) -The venture between Stellantis and Guangzhou Automobile Group Co (GAC) producing Jeep vehicles in China will file for bankruptcy, the companies said on Monday, after a lengthy decline for …

  • US and World News

    Swiss National Bank loses nearly $143 billion in first nine months

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By John Revill ZURICH (Reuters) -The Swiss National Bank lost 142.2 billion Swiss francs ($142.60 billion) in the first nine months of 2022, it said on Monday, as rising interest …

  • US and World News

    Analysis-U.S. and allies turn to deterring war with North Korea as options for preventing nuclear tests dwindle

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Josh Smith SEOUL (Reuters) – The prospect of a new North Korean nuclear test underscores the limited options for Washington and its allies, who have embraced “deterring” Pyongyang through …

  • US and World News

    LVMH-backed L Catterton aims to raise 2 billion yuan in first yuan-denominated fund

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    BEIJING/HONG KONG (Reuters) -L Catterton, the private equity firm backed by luxury goods empire Louis Vuitton Moet Hennessy, said on Monday it aimed to raise 2 billion yuan ($275.44 million) …

  • US and World News

    Europe’s debt market strains force some governments to rework trading rules

    by Reuters October 31, 2022
    by Reuters October 31, 2022

    By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope …

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