By Stella Qiu SYDNEY, Dec 4 (Reuters) – Australian households went on the biggest spending binge in almost two years in October in just the latest example of economic froth that could mean the next move in interest rates is up rather than down. The surprise strength in the spending data lifted three-year government bond …
Australia’s household spending surges, lifting rate hike bets Read More »
Dec 3 (Reuters) – U.S. President Donald Trump’s aides and allies are discussing the possibility of appointing Treasury Secretary Scott Bessent as the top White House economic adviser, Bloomberg News reported on Wednesday, citing sources familiar with the matter. Bessent would lead the White House’s National Economic Council in addition to his current role, in …
WASHINGTON, Dec 3 (Reuters) – The U.S. Census Bureau said on Wednesday it was adopting several strategies, including shortening the window for Principal Federal Economic Indicators collection, to get economic data back to their original release schedule “as quickly as possible.” “For our PFEIs to return to their original release schedules, processing stages must be …
By Brendan O’Boyle and Aida Pelaez-Fernandez MEXICO CITY, Dec 3 (Reuters) – Mexico on Wednesday announced it would boost the minimum wage next year and push to trim the country’s long work week, the latest moves by the country’s leftist administration aimed at helping workers in Latin America’s second-largest economy. Starting in January, the minimum …
Mexican government hikes minimum wage, pushes shorter work week Read More »
Dec 3 (Reuters) – Wall Street’s main indexes opened lower on Wednesday, as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said the tech giant lowered its sales growth targets for certain artificial intelligence products. The Dow Jones Industrial Average fell 102.8 points, or 0.22%, at the open to 47,371.62. The S&P 500 fell 14.1 points, or 0.21%, …
Wall St opens lower as investors assess data, Microsoft falls Read More »
By Fergal Smith TORONTO, Dec 3 (Reuters) – Greater Toronto Area home sales fell to a five-month low in November and prices declined as an uncertain economic outlook kept homebuyers on the sidelines, Toronto Regional Real Estate Board data showed on Wednesday. Seasonally adjusted sales declined 0.6% last month from October to 5,620 units, marking …
Toronto home sales hit five-month low in November Read More »
MOSCOW, Dec 3 (Reuters) – Russia’s services sector experienced a resurgence in growth in November, driven by a renewed increase in new orders, a survey showed on Wednesday. The seasonally adjusted S&P Global Russia Services PMI Business Activity Index rose to 52.2 in November, up from 51.7 in October, indicating a modest uptick in output …
Russia’s services sector growth accelerates in November, PMI shows Read More »
MOSCOW, Dec 3 (Reuters) – Russia’s services sector experienced a resurgence in growth in November, driven by a renewed increase in new orders, a survey showed on Wednesday. The seasonally adjusted S&P Global Russia Services PMI Business Activity Index rose to 52.2 in November, up from 51.7 in October, indicating a modest uptick in output …
Russia’s services sector growth accelerates in November, PMI shows Read More »
By Stella Qiu and Wayne Cole SYDNEY, Dec 3 (Reuters) – Australia’s economy grew at the fastest annual pace in two years in the September quarter, fuelled by business, government and consumer spending as markets wagered the next move in interest rates could be up, rather than down. Data from the Australian Bureau of Statistics …
Australia’s annual growth hits two-year high in Q3, markets weigh risk of rate hike Read More »
Dec 3 (Reuters) – The Australian Banking Association on Wednesday appointed ANZ Group CEO Nuno Matos as the new chair of its council, replacing National Australia Bank chief Andrew Irvine. The association represents the country’s major banks and plays a central role in shaping industry policy, consumer protections and regulatory settings. Its chair and council …
ANZ’s Nuno Matos named new Australian Banking Association council chair Read More »
