US durable goods orders fall on weakness in transportation equipment sector
WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods fell more than expected in October as orders for motor vehicles and parts dropped amid strikes by the United Auto Workers (UAW) union…
Cadence’s downbeat fourth-quarter forecast signals weakness in chip industry
(Reuters) – Cadence Design Systems forecast fourth-quarter revenue and adjusted profit below Wall Street estimates on Monday, as slower R&D spending by semiconductor firms navigating a tough economy weighs on the chip…
Fifth Third expects further interest income weakness after quarterly profit falls
(Reuters) – Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. Funding costs of lenders…
Undeterred by dollar’s renewed strength, analysts see weakness ahead – Reuters poll
By Hari Kishan BENGALURU (Reuters) – Foreign exchange strategists are sticking with their forecasts for a weaker dollar despite having been wrong-footed for years in predicting a downturn in the greenback, the…
German economic weakness belies France’s outperformance
By Leigh Thomas PARIS (Reuters) – Germany’s economic weakness is casting a flattering light on France’s relative resilience that belies the otherwise middling performance of the euro zone’s second-biggest economy, economists say.…
Ron DeSantis Says Media Has To Cover For Biden’s ‘Weakness’ Because ‘Nobody Wants’ Kamala Harris Taking Over
Ron DeSantis Says Media Has To Cover For Biden’s ‘Weakness’ Because ‘Nobody Wants’ Kamala Harris Taking Over Harold Hutchison on September 11, 2023 Republican Gov. Ron DeSantis of Florida said Monday that…
China to cut banks’ FX reserve ratio to rein in yuan weakness
SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen…
Russia’s Shoigu says Ukraine depleted, war showing weakness of Western weapons
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s defence minister told officials on Tuesday that Ukraine’s ability to fight had been “almost exhausted” and said the war had exposed vulnerabilities in Western weapons…
‘We Embarrass Ourselves’: Biden Administration’s Recent China Trips Showed Weakness, Experts Say
‘We Embarrass Ourselves’: Biden Administration’s Recent China Trips Showed Weakness, Experts Say Jake Smith on July 22, 2023 Antony Blinken, Janet Yellen and John Kerry traveled to Beijing in recent months in…
China keeps lending benchmarks unchanged; economic weakness tests policymakers
SHANGHAI/SINGAPORE (Reuters) -China left its lending benchmarks unchanged on Thursday, after the central bank stood pat on a key policy rate earlier this week even as signs of a faltering economic recovery…
‘Shows Weakness’: Janet Yellen Fumbles Etiquette In China Visit
‘Shows Weakness’: Janet Yellen Fumbles Etiquette In China Visit Nick Pope on July 8, 2023 Treasury Secretary Janet Yellen made two diplomatic mistakes Saturday when greeting her counterpart from China, according to…
Factbox-Policy measures China’s central bank could use to stem yuan weakness
(Reuters) – China has ramped up its effort to slow the depreciation of the yuan against the dollar this week and market participants widely believe that the People’s Bank of China (PBOC)…
JPMorgan sees yuan weakness continuing, possibility of “circuit breaker”
LONDON (Reuters) – Wall Street bank JPMorgan said on Tuesday it was staying “bearish” on China’s yuan despite its recent slide and that the country’s central bank could look to step in…
Former GOP Rep Says Scott Announcement Shows ‘Fundamental Weakness’ Of Ron DeSantis
Former GOP Rep Says Scott Announcement Shows ‘Fundamental Weakness’ Of Ron DeSantis Harold Hutchison on May 22, 2023 Former Republican Rep. David Jolly of Florida claimed on Monday that Republican South Carolina…
Son of jailed Hong Kong activist, U.S. congressman slam UK, Vatican over rights weakness
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The British son of jailed Hong Kong media tycoon Jimmy Lai and a leading Catholic U.S. congressman criticized Britain and the Vatican on…
GORDON CHANG: Biden’s Weakness Is Emboldening China
GORDON CHANG: Biden’s Weakness Is Emboldening China Gordon G. Chang on April 29, 2023 China just substantially reduced a three-day no-fly zone it had declared northeast of Taiwan. The zone, originally scheduled to run…
India’s February exports rise despite global weakness
By Shivangi Acharya NEW DELHI (Reuters) – India’s merchandise and services exports rose in February despite global headwinds, according to data released by the government on Wednesday, helped by petroleum, electronics and…
Japan Q4 GDP likely revised up but weakness persists
TOKYO (Reuters) – Japan’s economy likely grew a tad faster than initially estimated in the fourth quarter, a Reuters poll showed, though the recovery remains fragile as weak capital expenditure weighs on…
SoftBank Q3 seen under pressure from tech weakness, Arm IPO eyed
By Kiyoshi Takenaka TOKYO (Reuters) – SoftBank Group Corp’s quarterly earnings on Tuesday are set to show persistent pressure from tech valuations that have yet to recover from a global sell-off, adding…
Economic weakness set to weigh on oil price in 2023
By Brijesh Patel (Reuters) -Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of…
Economic weakness set to weigh on oil price in 2023
By Brijesh Patel (Reuters) – Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact…
U.S. manufacturing output dragged down by motor vehicle weakness
WASHINGTON (Reuters) – Production at U.S. factories dropped more than expected in November as a decline in the output of motor vehicles offset gains elsewhere, according to data on Thursday, which showed…
Analysis: Republicans cry weakness, others see sense in Biden’s China protest response
By David Brunnstrom, Michael Martina and Trevor Hunnicutt WASHINGTON (Reuters) – The administration of President Joe Biden has drawn Republican fire for its cautious response to nationwide protests in China against COVID-19…
China seen leaving lending benchmarks unchanged, wary of yuan weakness
SHANGHAI (Reuters) – China is expected to keep benchmark lending rates unchanged for the third straight month on Monday, a Reuters survey showed, as policymakers remain reluctant to drive the yuan lower…
Avoid fx intervention if currency weakness is due to fundamentals, IMF economists say
(Reuters) – Countries should avoid spending scarce foreign exchange reserves intervening to support currencies that are weakening as a result of economic fundamentals such as interest rate differentials, the International Monetary Fund’s…
Explainer-What’s inside China’s toolbox to rein in excess yuan weakness?
SHANGHAI (Reuters) – China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence between the world’s two largest economies.…
Breaking News
