By Nell Mackenzie LONDON (Reuters) – Global hedge fund managers were selling U.S. stocks sensitive to commodities at an accelerated pace in the week ending October 6, according to a Goldman Sachs note to clients, just before the price of oil jumped more than $3 a barrel on Monday. The surge in oil prices followed …
Hedge funds sell energy stocks before Middle East conflict – Goldman Read More »
By Maria Martinez BERLIN (Reuters) -German industrial output shrank in August for the fourth consecutive month, the federal statistics office said on Monday, an indication that the sector remains under serious pressure, stoking recession fears. Industrial production fell slightly more than expected in August by 0.2% compared to the previous month. Analysts polled by Reuters …
German industrial output falls in August, spurring recession fears Read More »
By Rodrigo Campos NEW YORK (Reuters) – Argentina’s presidential race is enticing some risk-taking investors to place bets despite the long odds that a new government can steer South America’s second-largest economy out of its deep crisis. While most traders are waiting on the sidelines, anxious about the election and unsure of libertarian frontrunner Javier …
Analysis-Argentina election lures risk-taking investors to long-odds gamble Read More »
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open market, in the central bank’s first ever sale of foreign exchange, to maintain stability during Israel’s war with Palestinian militants in Gaza. The move appeared to quickly …
Bank of Israel to sell $30 billion of forex to stabilise shekel amid Gaza war Read More »
By Andrea Shalal MARRAKECH, Morocco (Reuters) – A new tool launched on Monday to track reforms by the World Bank and the five biggest multilateral development banks (MDBs) shows that broad changes are “firmly in play” but progress in implementing them has been limited thus far. Senior officials at the nonpartisan Center for Global Development …
Progress in reforming development banks ‘quite limited,’ new tool shows Read More »
By Amina Niasse NEW YORK (Reuters) – U.S. restaurant employment reached pre-pandemic levels in September for the first time in three-and-a-half years, according to a report released Friday, signaling a potentially broader recovery for the leisure and hospitality industry. The number of Americans employed in food service increased by 61,000 in September from the prior …
US restaurant employment recovers to pre-pandemic levels Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMF’s lending war chest without boosting the shareholdings of China, India and Brazil, government officials and development experts say. As global finance officials prepare to gather in Marrakech, Morocco, for next week’s …
US faces pushback on plan to bolster IMF funding without shareholding changes Read More »
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields hit 16-year highs on Friday after data showed that employers added 336,000 jobs in September, well above the 170,000 that was expected by economists. Data for August was also revised higher to show 227,000 U.S. jobs added instead of the previously reported 187,000. …
Ten-year yields highest since 2007 on strong jobs report Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased by the most in eight months in September as hiring rose broadly, pointing to persistent labor market strength that could give the Federal Reserve ammunition to raise interest rates again, though wage growth is slowing. The larger-than-expected surge in nonfarm payrolls last month and sharp upward …
US job growth sizzles in September; wage inflation cooling Read More »
By Alexander Marrow (Reuters) -The Russian rouble recovered ground on Friday, after weakening to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month. By 0927 GMT, the rouble was 0.3% stronger against the …
Rouble recovers after slump to seven-week low past 101 vs dollar Read More »
