By Jeffrey Dastin and Andrea Shalal NEW YORK, Dec 4 (Reuters) – Panelists at the Reuters NEXT conference in New York sidestepped concerns about an artificial intelligence bubble, focusing instead on the transformative effects of AI and how it may upend work and job growth. Artificial intelligence represents the biggest technological upheaval to the world economy …
By Anastasiia Kozlova, Purvi Agarwal and Tharuniyaa . Dec 4 (Reuters) – European shares closed higher on Thursday, led by industrials and automakers, as global risk appetite improved on elevated U.S. rate cut expectations, while investors digested a mixed bag of corporate updates. The pan-European STOXX 600 rose 0.45% to 578.84 points at the close, …
Industrials, automakers drive European shares higher at close Read More »
By Karin Strohecker LONDON, Dec 4 (Reuters) – A key group of Ukraine creditors said on Thursday it could not yet back Kyiv’s proposal to swap $2.6 billion in GDP-linked warrants for bonds, a crucial step for the country to emerge from its debt default following Russia’s invasion. Ukraine launched its offer on Monday to …
Ukraine warrant holder group is not yet backing Kyiv’s swap proposal Read More »
Dec 4 (Reuters) – Argentina’s monetary and foreign exchange policies will need to support a stronger accumulation of reserves to facilitate the country’s access to international capital markets, the International Monetary Fund said on Thursday. “Monetary and FX policies will need to support a more ambitious reserve accumulation path to build adequate buffers in Argentina,” …
IMF says Argentina needs more ambitious reserve accumulation policies Read More »
TORONTO, Dec 4 (Reuters) – Canadian economic activity contracted in November for the first time in six months as a measure of employment declined, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index fell to 48.4 last month from 52.4 in October, marking the first move below the 50 threshold since …
Canada’s Ivey PMI shows activity contracting in November as employment falls Read More »
WASHINGTON, Dec 4 (Reuters) – New orders for U.S. factory goods increased less than expected in September as manufacturers remained constrained by tariffs. Factory orders rose 0.2% after a downwardly revised 1.3% increase in August, the Commerce Department’s Census Bureau said on Thursday. Economists polled by Reuters had forecast orders would gain 0.5% after a …
US factory orders rise less than expected in September Read More »
By Marcela Ayres BRASILIA, Dec 4 (Reuters) – Brazil’s economy slowed more than expected in the third quarter as weak services and household spending reinforced signs of cooling under high interest rates, boosting expectations of easing early next year. Latin America’s largest economy grew 0.1% in July-September from the previous quarter, statistics agency IBGE said …
Brazil’s GDP slows more than expected, fueling bets on January rate cut Read More »
By Padraic Halpin DUBLIN, Dec 4 (Reuters) – Ireland’s domestic economy grew by 2.3% in the third quarter compared to the previous three months, while the more volatile gross domestic product (GDP) was 0.3% lower following an early year surge, Central Statistics Office (CSO) data showed. With Ireland’s large multinational sector often distorting GDP, officials …
Irish domestic economy grows 2.3% in third quarter, GDP remains elevated Read More »
By Anirban Sen and Nell Mackenzie NEW YORK, Dec 3 (Reuters) – Hedge funds are using near-record levels of leverage to trade equities and betting on debt-backed strategies in efforts to juice returns, making the most of markets buoyed by a boom in artificial intelligence. Over the past few years, debt-fueled strategies have surged as …
Hedge funds double down using near-record leverage in quest to boost returns Read More »
TOKYO, Dec 4 (Reuters) – The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said. The BOJ looks set to proceed with a hike in its policy rate to 0.75% from 0.5%, which was flagged by …
BOJ likely to raise rates in December, government to tolerate move, sources say Read More »
