Asian stocks climb on Wall Street lead; yuan, euro sag
By Kevin Buckland TOKYO (Reuters) – Asian stocks rose on Tuesday led by an outperforming tech sector following record highs on Wall Street overnight, while the dollar hovered near a…
Economy
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Cargill plans to cut around 5% of global employees, internal memo says
BEIJING (Reuters) – Global trading house Cargill plans to cut around 5% of its worldwide employees, according to an internal memo reviewed by Reuters on Tuesday. This post appeared first…
UK retailers report weakest sales since April, BRC survey shows
LONDON (Reuters) – British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to…
Dollar rides high on flagging euro and yuan
SINGAPORE (Reuters) – The dollar was buoyant on Tuesday as political turmoil in France undermined the euro, while tariff risks and weakness in China’s economy pushed the yuan to a…
Fed’s Williams sees more rate cuts over time as policy remains restrictive
Investing.com — Federal Reserve Bank of New York President John Williams on Monday signaled support for more rate interest rate cuts over time as monetary policy remains restrictive. “I expect…
California governor proposes $25 million war chest for legal fights with Trump
By Judith Langowski (Reuters) – California’s Democratic Governor Gavin Newsom on Monday announced he is seeking up to $25 million in additional funding for legal fights with the incoming administration…
Morning Bid: Buoyant dollar keeps bulls in check
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors in Asia go into Tuesday’s session with a spring in their step following the upswing…
Fed’s Williams eyes further cuts as price pressures cool further
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest…
Fed’s Waller leaning toward backing rate cut in December
Investing.com — Federal Reserve Governor Christopher Waller said Monday he was leaning toward supporting an interest rate cut at the December meeting amid expectations for inflation to continue to slow toward the…
US announces Ukraine weapons package worth $725 million
By Patricia Zengerle (Reuters) – The United States will provide Ukraine with a $725 million weapons package, Secretary of State Antony Blinken said on Monday, as President Joe Biden’s outgoing…