By Saqib Iqbal Ahmed NEW YORK (Reuters) -Speculators’ net long bets on the U.S. dollar rose in the latest week, while net bearish bets on the euro grew to their largest level since November, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long …
Speculators’ net long bets on U.S. dollar rise; euro bears grow bolder Read More »
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he and his fellow U.S. central bankers are “totally united” on getting too-high inflation back down to their 2% goal, but it is out of their control if doing so brings on a recession. “We know that we have to, and we will, get inflation …
Fed ‘united’ in inflation flight, ‘don’t know’ if recession will follow -Kashkari Read More »
WASHINGTON (Reuters) – U.S. consumer credit rose at its slowest pace in four months in May as Americans pulled back on credit card usage, a trend that if sustained, could hamper consumer spending amid growing recession fears. Total consumer credit increased by $22.35 billion, the smallest since January, after rising by a downwardly revised $36.76 …
U.S. consumer credit growth slows considerably in May Read More »
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -Canada sees the potential for some movement toward settling a longstanding dispute with the United States over softwood lumber tariffs as the cost of building materials spikes south of the border, adding to four-decade high inflation. “Given what we are facing around inflationary concerns… this is an …
Canada sees potential for ‘movement’ on U.S. lumber dispute -minister Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar was little changed against a basket of currencies on Friday ahead of the weekend following a choppy session that saw the greenback posting both gains and losses after data showed the world’s largest economy created more jobs than expected in June. The report cemented expectations of …
U.S. dollar flat in choppy trading after payrolls beat expectations Read More »
MELBOURNE (Reuters) – Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that will eventually include one of the largest utility-scale batteries in the country. Houston-based Quinbrook said on Friday it will build a campus for its Supernode project in the state …
U.S. firm to build $1.7 billion data centre, large-scale battery in Australia Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely hired the fewest workers in 14 months in June, but the jobless rate probably remained near pre-pandemic lows, underscoring labor market tightness that could encourage the Federal Reserve to deliver another 75-basis-point interest rate increase later this month. Despite the anticipated slowdown in job growth last …
U.S. job growth likely slowed in June; unemployment rate seen at 3.6% Read More »
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of New Zealand will deliver a third successive half-point interest rate hike on Wednesday and a fourth next month in its most aggressive policy tightening on record to control soaring inflation, a Reuters poll found. A front-runner in withdrawing pandemic-era stimulus among its peers, the RBNZ …
RBNZ ‘on a roll’, to deliver two more 50 bps rate hikes in a row: Reuters poll Read More »
PARIS (Reuters) – France’s public finances can no longer diverge from those of lower debt countries like Germany without threatening the euro zone, France’s independent public audit office warned on Thursday. The independent Cour des Comptes urged President Emmanuel Macron’s government to make a bigger effort to rein in the public finances as it prepared …
France can’t keep diverging from Germany on debt – public auditor Read More »
BEIJING (Reuters) – China expects June trade growth to remain relatively high, but said the second half year brings rising uncertainties, the commerce ministry said on Thursday. According to a survey, China’s foreign trade growth faces instabilities in the second half of this year and the trade situation remains complex, ministry spokesperson Shu Jueting said …
China’s trade faces rising uncertainties in second half of year: ministry Read More »
