Fed needs to continue to cut rates, Daly says
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said she has not seen anything to suggest the U.S. central bank would stop cutting interest rates, which…
Economy
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US election, geopolitics and UK budget fears dent global vacancies, survey shows
LONDON (Reuters) – Global employers reported a fall in white-collar vacancies in September, a survey showed on Tuesday citing factors including the upcoming election in the United States, uncertainty around…
US Treasury official speaks to Palestinian Authority PM about economic stability
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo on Monday spoke with Palestinian Authority Prime Minister Mohammad Mustafa and they discussed security and economic stability in the West Bank,…
IMF chief says higher prices are here to stay
By Nupur Anand WASHINGTON (Reuters) – Higher prices are here to stay, which adds to economic pain also stemming from slow growth and high debt, the International Monetary Fund’s managing…
Morning Bid: Yen-Nikkei link intensifies as US yields, dollar spike
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets on Tuesday will be hoping to rebound from Monday’s fairly lackluster start to the…
Fed’s Schmid wants cautious, gradual, deliberate rate cuts
(Reuters) – Kansas City Federal Reserve Bank President Jeffrey Schmid said on Monday he supports a “cautious and deliberate” approach to interest rate cuts now that inflation is heading back…
W R Berkley posts higher profit on strong investment performance
(Reuters) – Commercial insurer W R Berkley reported nearly a 10% rise in the third-quarter profit helped by strong returns in its investment portfolio. Insurers benefit in a higher interest…
Factbox-Most banks expect gold’s bull run to persist into 2025
(Reuters) – Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest…
SAP lifts annual guidance after Q3 results top estimates
Investing.com — SAP raised its full-year guidance Monday after fiscal third-quarter results beat analyst expectations on both the top and bottom lines, driven by jump in cloud revenue. SAP raises…
Big risk to Fed cuts yet to come, UBS says
Investing.com — Fed speakers have been echoing the need for gradual rate cuts recently amid a string of noisy data, fueling expectations that a pause could be on the table in one of the two remaining…