TSX futures inch up ahead of Powell’s speech, US data
(Reuters) – Futures tied to Canada’s main stock index rose on Thursday, helped by crude prices, ahead of Federal Reserve Chair Jerome Powell’s speech and U.S. economic data later in…
Economy
3702 posts
Brazil’s outgoing central bank chief says there is urgency to announce spending cuts
SAO PAULO (Reuters) – The Brazilian government must cut spending “to the bone” and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto…
Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global…
Central Europe to feel impact of any US tariff hit to Germany
By Gergely Szakacs BUDAPEST (Reuters) – If U.S. President-elect Donald Trump delivers on a pledge to hit European imports with tariffs, Hungary will feel the effects “exponentially” because of its…
Morning bid: A twist in the U.S.’s inflation tale?
(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper. The dollar is forging ahead again, heading for its biggest week-on-week gain since September…
Burberry puts focus back on trench coats in turnaround plan
By Helen Reid LONDON (Reuters) -Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on…
Climate talks urged to find $1 trillion a year for poorer countries
By Kate Abnett, Olesya Astakhova and Virginia Furness BAKU (Reuters) – Pay now to help poorer countries cope with climate change or pay more later, negotiators were warned on Thursday…
ECB to cut interest rates further as prices converge towards goal, De Guindos says
MADRID (Reuters) – The European Central Bank is on its path to cut interest rates further as recent euro zone data show inflation is on track to reach the bank’s…
Futures muted; Trump’s party wins full control of Congress – what’s moving markets
Investing.com – US stock futures hovered around both sides of the flatline on Thursday, with inflation data and commentary from Federal Reserve speakers in focus. Republicans gain a majority in the…
BOJ should raise rates to 1% to reverse weak yen, says opposition lawmaker
By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan should raise interest rates at least to 1% to roll back an “abnormally” huge stimulus that is…