By Faith Hung and Emily Chan TAIPEI (Reuters) – Taiwan export orders fell short of expectations for September, losing some steam ahead of the year’s end as it remained buoyed by the artificial intelligence wave but ran into faltering demand from top trading partner China. Export orders last month rose 4.6% to $53.79 billion from …
Taiwan’s September export orders miss expectations, China drags Read More »
(Reuters) -Start your electric engines, Tesla is the first of the “Magnificent Seven” to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here’s your look at what matters for markets this week from Kevin Buckland …
By Jamie McGeever ORLANDO, Florida (Reuters) -FOMO and TINA are two English-language acronyms that have become common parlance in financial markets. Together, they help explain the relentless rise of U.S. equities – a trend that now should probably be raising red flags. Investors’ “fear of missing out” (FOMO) on a two-year bull run has …
US equity bears are no match for FOMO + TINA: McGeever Read More »
SYDNEY (Reuters) – Australia’s central bank has been surprised by the strength of employment growth, a top official said on Monday, adding policymakers remained ready to respond to changes in economic outlook in either direction. In a speech in Sydney, Reserve Bank of Australia Deputy Governor Andrew Hauser said there were a number of interpretations …
Australia central bank surprised employment is so strong, but not ‘data obsessed’ Read More »
By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy. The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10% …
By Svea Herbst-Bayliss (Reuters) -Jana Partners has built a new position in Lamb Weston and may push the french-fry maker to consider selling itself, the activist investment firm said in a regulatory filing on Friday. Jana said it owns 5% of the Eagle, Idaho-based company and wants to see a strategic review in which the …
Activist Jana builds Lamb Weston stake, pushes for possible sale Read More »
(Reuters) – U.S. regional bank Regions Financial reported a fall in its third-quarter profit on Friday, as its interest income took a hit due to higher deposit costs and tepid loan demand. To keep customers from shifting to competitors or higher-yield options like money market funds, banks have increased deposit rates. Meanwhile, the industry also …
Regions Financial’s quarterly profit falls on weaker interest income Read More »
(This Oct. 17 story has been corrected to include commercial creditors in call for debt forgiveness in the headline and in paragraph 1) By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Thursday that bilateral and Paris Club commercial creditors need to provide more debt forgiveness to poor debt-distressed countries, and …
World Bank’s Banga says more bilateral, commercial debt forgiveness needed Read More »
By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is widely expected to reduce its key policy rate by 50 basis points on Wednesday, its fourth cut in a row and what would be the first super-sized reduction in more than 15 years outside of the pandemic era. A jumbo cut next week, as …
Bank of Canada most likely to cut rates by 50 bps next week Read More »
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year’s hefty increase, although economists doubt that another such bump is realistic. The announcement by Rengo means debate about pay rises for next year will …
Japan’s biggest union group targets 5% wage hikes next year Read More »
