By Koh Gui Qing NEW YORK (Reuters) -U.S. stocks sank on Thursday and brought to a halt a rally in global stocks, as upbeat American jobs data after the Federal Reserve’s firm message that it will not be cutting interest rates any time soon offset China’s latest reopening plans. News that China’s mainland border with …
Stocks sag as hawkish Fed cools China rally; awaits US jobs data Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar index hit a four-week high on Thursday after data pointed to a strong jobs market, supporting the prospect that the Federal Reserve could keep up the pace of aggressive rate hikes. Private employment increased by 235,000 jobs last month, the ADP National Employment report showed on …
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By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose around 1% on Thursday after posting the biggest two-day loss for the start of a year in three decades with U.S. data showing lower fuel inventories providing support and economic concerns capping gains. Big declines in the previous two days were driven by worries about a …
Oil rises after U.S. fuel stocks draw down; economic concerns loom Read More »
By Seher Dareen (Reuters) – Gold prices pared losses on Thursday after Fed remarks of inflation easing in 2023, after slipping more than 1% on reports of a tighter-than-expected U.S. labour market boosting expectations of higher interest rates for longer. Spot gold pared losses and fell 0.9% to $1,837.01 per ounce by 1:40 p.m. ET …
Gold falls as tight U.S. labour market suggests higher rates Read More »
NEW DELHI (Reuters) -Air India faced criticism on Thursday from the aviation regulator for its handling of an unruly passenger on a flight from New York in November, and also acknowledged that a second similar incident occurred last month on a flight from Paris to Delhi. Air India had said in a statement released on …
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By Eduardo Baptista and Brenda Goh BEIJING/SHANGHAI (Reuters) -China defended on Thursday its handling of its raging COVID-19 outbreak after U.S. President Joe Biden voiced concern and the World Health Organisation (WHO) said Beijing was under-reporting virus deaths. The WHO’s emergencies director, Mike Ryan, said on Wednesday that Chinese officials were under-representing data on several …
China defends its COVID response after WHO, Biden concerns Read More »
By Shashwat Chauhan and Johann M Cherian (Reuters) -UK’s FTSE 100 closed near nine-month highs on Thursday as shares of Standard Chartered boosted banks, while retailer Next topped the index following its annual profit forecast. The blue-chip FTSE 100 climbed 0.6%, extending gains to a third straight session and the midcap FTSE 250 gained 0.4% …
Banks push FTSE 100 to nine-month highs; recession worries loom Read More »
By Sachin Ravikumar LONDON (Reuters) -Britain will introduce legislation to ensure key public services maintain minimum safety levels during industrial action, as the government seeks to limit disruption from strikes now involving tens of thousands of workers. The government said on Thursday it would bring the bill to parliament in the coming weeks and would …
Britain to introduce law to curb strikes in key sectors Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday as the U.S. dollar jumped after the release of strong employment data, which added to expectations the Federal Reserve could keep hiking rates at an aggressive pace. At 1540 GMT, the rand traded at 17.2850 against the dollar, 2.4% weaker than its previous close. The dollar index, …
By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to sign noncompete provisions as well as some training repayment agreements, which companies use to keep workers from leaving for better jobs, the agency said on Thursday. The proposal seeks …
U.S. moves to ban non-compete provisions that hurt workers Read More »
