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ABU DHABI (Reuters) -The United Arab Emirates’ non-oil private sector experienced its strongest expansion in seven months in September, driven by a sharp rise in new business, a survey showed on Friday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) increased to 54.2 in September from 53.3 in August, indicating a solid improvement …

UAE non-oil private sector growth rebounds in September, PMI shows Read More »

By Promit Mukherjee and David Ljunggren OTTAWA, Oct 2 (Reuters) – The Bank of Canada is considering changes to how it measures preferred inflation metrics to give it a better idea of how external shocks are affecting the economy, a senior official said on Thursday. Deputy governor Rhys Mendes said inflation was becoming more volatile …

Bank of Canada studying whether core inflation can be measured better Read More »

WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that Ecuador is performing well in meeting the targets of its expanded $5 billion IMF loan program, but still needs to overcome challenges from oil price volatility to domestic security that are making capital markets access difficult for the South American country. IMF spokesperson Julie Kozack …

IMF says Ecuador performing well on reforms, faces numerous challenges Read More »

WASHINGTON (Reuters) -The United States is not putting money into Argentina but only providing a credit swap line, Treasury Secretary Scott Bessent said on Thursday. “What the U.S. is doing, just to be clear: We are giving them a swap line. We are not putting money into Argentina, OK?” Bessent said in an interview with …

US is not putting money into Argentina, Bessent says Read More »

By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the U.S. government still shut down and China on holiday, world markets lapped up Federal Reserve easing speculation and European stocks hit record highs – riffing off the available U.S. labor market data as …

Morning Bid: Fed, pharma and tech lift world markets Read More »

By Fergal Smith TORONTO (Reuters) -Canada’s manufacturing sector contracted at a steeper pace in September as an uncertain trading environment weighed on production and new orders, data showed on Wednesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to 47.7 in September from 48.3 in August, marking the eighth straight month that the …

Canadian manufacturing PMI falls in September as downturn deepens Read More »

By Karin Strohecker and Dhara Ranasinghe LONDON (Reuters) -The Chinese yuan and Australian dollar increased their share in global currency reserves in the second quarter, data from the International Monetary Fund shows, while the U.S. dollar and euro lost a little ground, adjusted for exchange rate swings. The yuan and Aussie dollar gained 0.03 percentage …

Yuan and Aussie dollar gain share in global reserves as dollar dips, IMF data shows Read More »