Author Archives: Syndicated Content
Fed's Harker is ready to start methodical course of rate cuts
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday he was on board with a September rate cut as long as the data performs as he expect...
Aug 22, 2024
US business activity edges lower; pricing power ebbs further
(Reuters) - U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a downwa...
Aug 22, 2024
Shein reveals child labour cases as it steps up supplier audits
By Helen Reid LONDON (Reuters) - Fast fashion retailer Shein found two cases of child labour at its suppliers last year, it said in its 2023 sustainability report, as it stepped up audits of manufactu...
Aug 22, 2024
US existing home sales rise more than expected in July
(Reuters) - U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could reb...
Aug 22, 2024
Fed policymakers see job market key to rate-cut decision
JACKSON HOLE, Wyoming (Reuters) - Federal Reserve policymakers on Thursday said that with inflation well down from its highs they are paying close attention to the U.S. labor market to gauge when to b...
Aug 22, 2024
Column-US rate shift infects dollar, but prognosis isn't terminal: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it's likely too soon to count the greenback out. The dollar...
Aug 22, 2024
India may let foreign investors raise capital in rupees to invest overseas, source says
By Shivangi Acharya NEW DELHI (Reuters) - India may allow certain foreign investors to raise capital in rupees for investments in select countries, a government official said, in a move aimed at boost...
Aug 22, 2024
Chanel buys 25% stake in niche Swiss watchmaker MB&F
ZURICH (Reuters) - Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to incr...
Aug 22, 2024
Maersk eyes contigency plans as Canada rail networks close, still takes bookings
STOCKHOLM (Reuters) - Shipping company Maersk is evaluating contingency strategies in Canada, the company said on Thursday after the country's two main freight rail companies shut down their networks ...
Aug 22, 2024
BMW overtakes Tesla in European EV sales for first time, report says
(Reuters) - BMW led the European battery electric vehicle (BEV) market for the first time, beating U.S. automaker Tesla, according to market research firm JATO Dynamics. The German auto giant sold 14,...
Aug 22, 2024
