Morning Bid: Oil’s shadow over world markets darkens
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. What comes down must go up. And so it is with oil, whose rise on escalating…
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Biden says aid package for Helene ‘can’t wait’ until after election
(Reuters) – U.S. President Joe Biden said a supplemental aid package for people affected by Hurricane Helene “can’t wait” until after the Nov. 5 election. “People need help now,” Biden…
French PM Barnier confirms he will raise taxes for bigger companies
PARIS (Reuters) – France’s new prime minister, Michel Barnier, will increase corporate tax on the biggest companies in the country and on wealthiest individuals, he said on France 2 television…
Fed’s paper losses top the $200 billion mark
By Michael S. Derby NEW YORK (Reuters) – U.S. Federal Reserve losses crossed the $200 billion point this week, according to data released on Thursday by the central bank. The…
Mexico’s new president to seek double-digit minimum wage hikes annually
MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum hopes to increase the country’s minimum wage by around 12% starting next year and for every year after that, she said on Thursday.…
What Middle East conflict means for the global economy
By Mark John (Reuters) – Rising tensions in the Middle East add new uncertainties for the global economy even as policymakers start to congratulate themselves on having steered it out…
Fed’s Goolsbee says dockworkers’ strike could lead to higher prices
(Reuters) – Chicago Federal Reserve President Austan Goolsbee on Thursday said retailers and manufacturers had stockpiled about two weeks worth of items in anticipation of the U.S. dockworkers’ strike, but…
IMF says Japan should keep raising rates if warranted by inflation data
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that the Bank of Japan should stay data-dependent and continue to gradually raise policy rates in line…
Sri Lanka to move forward with third review of near $3 billion IMF bailout
COLOMBO (Reuters) – Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the International Monetary Fund, the new government said…
IMF says escalation of Middle East conflict poses significant economic risks
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday an escalation of the conflict in the Middle East could have significant economic ramifications for the region…