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(Reuters) -Ratings agency Moody’s reported a rise in second quarter profit on Wednesday, driven by robust gains in its data and analytics unit and an increase in government borrowing. Demand for market analytical tools rose in the reported quarter as investors sought health checks on Treasury debt issuance amid trade policy and interest rate uncertainties, …

Moody’s reports higher second-quarter profit on analytics unit strength Read More »

WASHINGTON (Reuters) -U.S. President Donald Trump has created a lot of leverage on trade with his letters on tariff rates, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Wednesday. “President Trump is creating this leverage by saying: if you don’t want to negotiate with me, I’ve sent you a letter with …

US Treasury’s Bessent says Trump has leverage with tariff rates Read More »

By Indradip Ghosh BENGALURU -The U.S. Federal Reserve’s independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers. President Donald Trump has made it almost a daily routine to personally attack Fed …

US Fed independence under threat, say economists, but no one expects a July rate cut- Reuters poll Read More »

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets What had been a quiet week in markets was electrified by a U.S.-Japan trade deal overnight, catapulting Japan’s Nikkei stock index up more than 3% to its best level in a year, prodding Japanese …

Morning Bid: Japan deal electrifies markets Read More »

By Anshuman Tripathy (Reuters) -TE Connectivity issued an upbeat forecast for the fourth quarter on Wednesday, following better-than-expected third-quarter profit and revenue results driven by strong demand for its industrial products. The company’s industrial solutions segment makes electrical connector systems and components used in factory automation and other industrial equipment. Third-quarter sales in the industrial …

TE Connectivity projects robust fourth quarter, reports upbeat quarterly results Read More »

(Reuters) -Australia’s WiseTech Global confirmed on Wednesday it was cutting some roles as part of a workforce review to focus on “maximizing efficiency via automation and use of artificial intelligence”. The software firm did not specify the number of jobs to be impacted in an emailed response to a Reuters query. The Australian Financial Review …

Australia’s WiseTech to cut some jobs in AI-driven efficiency push Read More »