Morning Bid: Bank of Japan, China PMIs top bumper day
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Thursday is shaping up to be a huge day for markets in Asia as investors brace…
Economy
1745 posts
MetLife profit falls on group benefits business weakness
(Reuters) – MetLife (NYSE:MET) reported a fall in third-quarter adjusted profit on Wednesday, owing to weak performance in the insurer’s group benefits business, sending its shares down 5.5% after the…
BOJ to keep rates steady as politics muddles outlook
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is expected to maintain ultra-low interest rates on Thursday and signal a cautious approach to rolling back its massive monetary…
Facebook parent Meta projects sharp acceleration in AI costs after results beat Wall Street targets
By Katie Paul, Akash Sriram (Reuters) -Facebook owner Meta Platforms (NASDAQ:META) beat analysts’ estimates for third-quarter revenue and profit on Wednesday, but warned of “significant acceleration” in artificial intelligence-related infrastructure…
Does Trump really want to compare now to four years ago?
By Howard Schneider WASHINGTON (Reuters) – Republican presidential candidate and former President Donald Trump’s end-of-campaign arguments to voters choosing between him and Democrat Kamala Harris have focused on an old…
Canada would have to double defense spending by 2032-33 to meet NATO target, watchdog says
By Promit Mukherjee OTTAWA (Reuters) -Canada would have to double current defense spending by fiscal 2032-33 to achieve its stated goal of meeting NATO targets, an increase that could violate…
‘Trump trade’ could reverse on signs Trump would lean hawkish on fiscal policy
Investing.com — Reports that a second potential Donald Trump presidency could include fiscal hawks in his administration focused on aggressively cutting fiscal spending, threatens to shift and reverse the ‘Trump trade,’ pushing…
UK Labour budget spares markets from another ‘Liz Truss moment’
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – UK markets were spared painful blows from the new Labour government’s first budget on Wednesday, which announced 40 billion pounds of…
Canada’s Ontario province cuts deficit forecast, proposes tax rebates
By Fergal Smith TORONTO (Reuters) – The Canadian province of Ontario on Wednesday projected a narrower budget deficit for the current fiscal year and proposed providing rebates to taxpayers as…
Analysis-UK’s Reeves bets big on tax-and-spend to reset economy
By Kate Holton LONDON (Reuters) – British finance minister Rachel Reeves’ first budget marks a huge gamble that she can quickly rebuild the country with the tens of billions of…