By Ismail Shakil OTTAWA (Reuters) -The Canadian economy unexpectedly shed a net 6,400 jobs in July while the jobless rate ticked up to 5.5%, data showed on Friday, cementing analyst expectations that the Bank of Canada will pause its interest rate hike campaign. Analysts polled by Reuters had forecast a net gain of 21,100 jobs …
Canada unexpectedly sheds jobs in July, central bank seen pausing hikes Read More »
NEW YORK (Reuters) – Big investors, such as pension funds and insurance companies, are willing to increase their allocation to credit and equity hedge funds through the rest of this year, according to a Goldman Sachs survey. The bank’s capital introduction team, which introduces hedge funds to money managers, interviewed in July 340 investors, with …
Hedge fund investors hunt credit, equity portfolios Read More »
By Ann Saphir (Reuters) -Federal Reserve policymakers received new evidence on Friday that the labor market is cooling, adding to the case that the U.S. central bank’s recent interest rate hike could be the last of its current tightening cycle. The Fed has raised rates at 11 of its last 12 policy meetings in its …
US hiring slowdown may push Fed to forego another rate hike Read More »
By Jonathan Spicer ISTANBUL (Reuters) – Turkey’s new-look economic team met for the first time with international investors on Friday, with questions over how far it will hike interest rates to head off rebounding inflation high on the agenda. According to a preliminary programme, the eight-hour meeting in Istanbul was to include Central Bank Governor …
Turkey’s economic team holds first investor meeting since policy U-turn Read More »
PARIS (Reuters) – The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns over global production. The Food and Agriculture Organization’s (FAO) price index, which tracks the most globally-traded food commodities, averaged 123.9 points in July …
World food price index rebounds in July as vegetable oils rise Read More »
(Reuters) – Inflation data from the U.S. and UK growth numbers will show how some of biggest economies are bearing up, while markets are trying to interpret China’s stimulus efforts and a series of emerging market central bank meetings are due. Here is a look at the week ahead from Laura Matthews in New York, …
BERLIN (Reuters) -German industrial orders rose in June against expectations for a drop, driven by sharp gains in the aerospace sector that left analysts divided over whether the reading represented a sustainable upturn. German industry has been mired in the doldrums, with a PMI survey on Tuesday showing a manufacturing sector downturn deepened in July. …
German industrial orders jump, underlying picture still clouded Read More »
By Nelson Acosta HAVANA (Reuters) – The Cuban Central Bank issued rules this week banning state and private businesses from using ATMs and limiting cash transactions between them, as it seeks to tame runaway inflation and off-the-books business amid a grave economic crisis. The regulations went into effect on Thursday. They limit cash transactions to …
Cuba bans company access to ATMs, limits cash transactions Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labor market conditions remain tight. The labor market has largely weathered 525 basis points in interest rate hikes from the Federal Reserve since March 2022, …
US labor market resilient; productivity rebounds in second quarter Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan’s surprise decision last week to raise a cap on interest rates was partly driven by policymakers’ growing worries ultra-loose monetary settings would spark a repeat of the bruising yen selloff that the economy saw last year. The tweak to the BOJ’s bond yield curve control …
BOJ makes bold shift as yen risks grow too big to ignore Read More »
