UK pay settlements lowest in nearly two years, IDR survey shows
By Suban Abdulla LONDON (Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey that chimed with an official gauge of…
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UK housing market recovered further in August, RICS survey shows
LONDON (Reuters) – British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly…
ECB to cut interest rates as growth dwindles, outlook unclear
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is almost certain to cut interest rates again on Thursday, but with inflation risks still simmering despite…
Morning Bid: Strong open eyed after US inflation see-saw
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The see-saw nature of U.S. market reactions to the latest U.S. inflation figures on Wednesday highlighted…
Lawmakers reject Colombia government’s 2025 budget proposal
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -The Colombian Senate’s economics committee threw out the government’s proposed 2025 budget on Wednesday, arguing the Andean country will not be able…
US lawmakers urge Biden to close tariff ‘loophole’ for Chinese small package imports
By David Lawder WASHINGTON (Reuters) – A majority of Democratic U.S. House of Representatives members on Wednesday urged President Joe Biden to use his executive powers to end a tariff…
Aggressive Fed rate cut next week could backfire, putting big tech in crosshairs
Investing.com — If the Federal Reserve cuts aggressively next week at a time when economic growth appears to be intact, then it could backfire, spooking rather than supporting the market, BCA…
Blackstone’s CFO Chae eyes soft landing as inflation cooling faster than expected
Investing.com — Blackstone (NYSE:BX)’s Chief Financial Officer Michael Chae said Wednesday he was “cautiously optimistic” on a soft landing as inflation is likely cooling faster than expected. “We don’t have a crystal ball about where…
Argentina’s August inflation still stubborn as residents struggle to save
BUENOS AIRES (Reuters) -Argentina’s monthly inflation rate stood at 4.2% in August, official data published on Wednesday showed, rising from last month and surpassing analysts’ forecasts, while Argentines tighten their…
Democrats, Republicans want Biden to ease Ukraine weapons restrictions
By Patricia Zengerle WASHINGTON (Reuters) – U.S. President Joe Biden’s administration faced increasing pressure from both Republicans and his fellow Democrats on Wednesday to ease restrictions on how Ukraine can…