UK pay growth steady but firms see higher costs ahead, Brightmine says
LONDON (Reuters) – Growth in pay awards by British employers held steady in the three months to October but is expected to cool in 2025, according to a survey on…
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New Zealand Treasury likely to cut economic and fiscal forecasts, official says
By Renju Jose SYDNEY (Reuters) – New Zealand’s Treasury said on Thursday it would likely cut its economic and fiscal forecasts because of a sustained productivity slowdown in the economy.…
Palo Alto tops revenue and profit estimates on steady cybersecurity demand
(Reuters) – Palo Alto Networks (NASDAQ:PANW) beat Wall Street expectations for first-quarter revenue and profit on Wednesday, owing to healthy spending for its cybersecurity services amid a rise in digital…
IMF mission concludes visit to Egypt for the fourth review of loan programme
CAIRO (Reuters) – The International Monetary Fund said on Wednesday that its mission had concluded a visit to Egypt and made substantial progress on policy discussions toward the completion of…
Billionaire Gautam Adani of India’s Adani Group indicted in US bribery case
NEW YORK (Reuters) -Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud…
Fed’s Collins sees more rate cuts ahead for US central bank
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins reiterated on Wednesday she believes the U.S. central bank has more interest rate cuts…
Morning Bid: Nvidia beats, but fails to provide spark
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors hoping that Nvidia (NASDAQ:NVDA)’s eagerly-awaited earnings after the U.S. close on Wednesday would inject renewed…
Biden administrations moves to forgive $4.7 billion of loans to Ukraine
By Simon Lewis (JO:LEWJ) and Daphne Psaledakis WASHINGTON (Reuters) – The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller…
Fed’s Bowman says rate cuts are concerning
By Ann Saphir (Reuters) – Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed’s…
Non-recessionary rate-cutting cycle should support credit, Pinebridge says
By Matt Tracy WASHINGTON (Reuters) – Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support…