Fed’s Barkin: Labor shortages may persist
ROSSLYN, Va (Reuters) – The labor shortages bedeviling U.S. businesses are unlikely to be resolved quickly or easily, Richmond Federal Reserve bank president Thomas Barkin said Friday, pointing to low…
ROSSLYN, Va (Reuters) – The labor shortages bedeviling U.S. businesses are unlikely to be resolved quickly or easily, Richmond Federal Reserve bank president Thomas Barkin said Friday, pointing to low…
(Reuters) – U.S. defense contractor Leidos Holdings Inc forecast lower-than-expected 2023 profit as the industry struggles with labor shortages, higher costs and lingering supply chain bottlenecks. The Reston, Virginia-based company…
(Reuters) -Tenet Healthcare Corp on Thursday beat Wall Street estimates for fourth-quarter results as growth in its outpatient service business put concerns around the hospital operator’s weak 2023 forecast at…
By Clare Jim HONG KONG (Reuters) – China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer…
By Sheila Dang (Reuters) – Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s…
By Karen Lema MANILA (Reuters) – The Asian Development Bank cut its growth forecasts for developing Asia for this year and next as the region faces persistent headwinds from the…
EXCLUSIVE: ‘I’m Sick Of This Sh*t’: Voters Fume As Pennsylvania County Problems Persist Arjun Singh on November 8, 2022 Voters continue to face problems in Luzerne County, a highly-watched swing…
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank delivered a fourth consecutive rate hike on Thursday as it sought to contain persistent inflation amid a positive growth outlook. Bank…
(Reuters) – British car production dropped 6% in September, an industry body said on Thursday, as the sector continues to bear the brunt of high energy costs, supply-chain snags and…
By Lamine Chikhi and Nidal al-Mughrabi ALGIERS/GAZA (Reuters) -Rival Palestinian factions signed an agreement in Algiers on Thursday aimed at resolving 15 years of discord by holding elections within a…
DUBAI (Reuters) -Foreign visitors to Iran should respect the Islamic Republic’s laws, its foreign ministry spokesman said on Monday, as protests continue over a woman’s death in police custody that…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained…
By Idrees Ali and Jonathan Landay WASHINGTON – The CIA drone strike that killed Al Qaeda leader Ayman al-Zawahiri delivered a long-sought win for U.S. President Joe Biden’s counter-terrorism strategy,…
(Reuters) – Cox Automotive on Tuesday lowered its U.S. auto sales forecast for 2022, as analysts at both Cox and Carmax-owned Edmunds.com said continued supply chain disruptions will leave dealers…
By Rowena Edwards and Ron Bousso LONDON – Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and…
By Harish Sridharan (Reuters) – Bearish bets on Asian currencies reduced on signs that China’s economic pain may abate with easing of COVID-19 curbs, but analysts were still wary of…
(Reuters) – The U.S. economic outlook has weakened and inflation is set to remain higher than previously expected for a while yet, a Federal Reserve Bank of Philadelphia survey of…
(Reuters) – Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, expects to see more supply chain problems this year, the company’s chief…
BENGALURU – The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to mandated levels as broken supply…
WASHINGTON – U.S. services industry activity picked up in March, boosted by the rolling back of pandemic restrictions, but businesses continued to face higher costs as supply strains persisted. The…
By Harshita Swaminathan – Investors stayed bearish on most emerging Asian currencies and turned short on Thailand’s baht for the first time in three months, as uncertainty from Russia’s invasion…
By Timothy Aeppel – Dave Petratis boosted wages for his U.S. factory workforce in December – six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO…
NEW YORK – Inflation rose the most in 15 years in some of Latin America’s largest economies last year, but credible monetary policies have kept long-term price increase expectations anchored,…
By Timothy Aeppel – Stephen Bullock eight months ago gave up on the idea of buying raw materials and parts only shortly before they were needed on his assembly line.…