Reuters US Economy

BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate stood at 4.2% in August, official data published on Wednesday showed, rising from last month and surpassing analysts’ forecasts, while Argentines tighten their wallets to deal with spiraling costs. Inflation in the 12 months through August reached 236.7%, still the highest level recorded in the world, and also …

Argentina’s August inflation still stubborn as residents struggle to save Read More »

By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s regulatory chief on Tuesday outlined a plan to raise big banks’ capital by 9%, significantly easing an earlier proposal after intense Wall Street opposition but disappointing bank investors and some critics of the rule. In a speech to the Brookings Institution, Fed Vice Chair for Supervision Michael …

Fed’s Barr unveils sweeping bank capital plan changes after pushback, delays Read More »

NEW YORK (Reuters) – The Federal Reserve’s regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects and sparked divisions among the top federal banking regulators. Shares of major U.S. banks fell after Fed Vice Chair for Supervision Michael Barr unveiled the …

Instant view: Fed’s Barr unveils sweeping bank capital plan revisions after pushback, delays Read More »

By Divya Chowdhury MUMBAI (Reuters) – Companies’ global hiring intentions are expected to hold steady in the fourth quarter of 2024, even though the outlook for the quarter ahead was weaker than the final quarter of 2023, ManpowerGroup’s Employment Outlook Survey showed. The global hiring outlook for the fourth quarter of 2024 was slightly higher …

Global hiring intentions hold steady in Q4, ManpowerGroup survey shows Read More »

By Rishav Chatterjee (Reuters) -Australia’s prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail investors that typically buy them do not understand the risks of these instruments. The Australian Prudential Regulation Authority (APRA) said on Tuesday it wants banks to replace …

Australia regulator seeks to make banks phase out issuing hybrid securities Read More »

By Maria Martinez BERLIN (Reuters) – German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower …

German inflation falls to the lowest level in more than three years Read More »

By Fergal Smith (Reuters) -Canada’s main stock index ended higher for the first time in five sessions on Monday, with heavily weighted financials and industrials among the sectors to benefit as investors stepped in to take advantage of lower stock prices. The Toronto Stock Exchange’s S&P/TSX composite index ended up 245.72 points, or 1.1%, at …

Toronto market snaps losing streak as bargain hunters step in Read More »