UK pay growth steadies, employers see further slowing in 2025
LONDON (Reuters) – Growth in pay awards by British employers stagnated during the three months to September and firms expect average wage rises to cool over the coming 12 months,…
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African progress backslides as coups and war persist
By Libby George LONDON (Reuters) – Nearly half of Africa’s citizens live in a country where governance has worsened over the past decade, as deteriorating security erodes progress, according to…
China’s stimulus measures not enough, Yellen and IMF chief economist say
By David Lawder WASHINGTON (Reuters) -China’s latest stimulus measures moves will not meaningfully boost domestic demand, leaving a major source of trade friction intact, U.S. Treasury Secretary and International Monetary…
Baker Hughes beats quarterly profit estimates on international drilling demand
(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and technology in international markets. Exploration…
Australia takes insurer QBE to court over pricing discounts
(Reuters) -Australia’s corporate regulator said on Wednesday it is taking insurance firm QBE to court, alleging that the company misled customers around the value of discounts offered on certain general…
Morning Bid: U.S. yield spike spooks investors
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If the prospect of a soft landing for the U.S. economy had boosted investor sentiment and…
Starbucks pulls annual forecasts amid turnaround under new CEO
(Reuters) -Starbucks Corp said on Tuesday it was suspending its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem easing customer demand.…
Goldman Sachs faces US CFPB fine over credit card business, WSJ reports
(Reuters) -Goldman Sachs is facing a fine in the tens of millions of dollars from the U.S. Consumer Financial Protection Bureau over its credit card business, the Wall Street Journal…
After bold start to rate-cutting cycle, Fed to downshift pace of cuts in 2025: UBS
Investing.com — The Federal Reserve made a bold start to its rate cutting cycle with a jumbo 50 basis point rate cut in September, but UBS believes this is unlikely…
IMF cuts forecasts for German economy this year and next
By Maria Martinez NEW YORK (Reuters) -The German economy is expected to stagnate this year, the International Monetary Fund said on Tuesday, cutting its forecast for Europe’s biggest economy, while…