US consumer spending cools; labor market gradually slowing
Consumer spending increases 0.2% in OctoberPersonal income gains 0.2%; saving rate climbs to 3.8%Core PCE price index rises 0.2%; up...
archiveECI
EU members’ defence spending should buy more time for debt cuts -von der Leyen
European Commission President Ursula von der Leyen attends a solemn moment to remember the people killed in Israel, during the ongoing conflict with Hamas, at the European Parliament, in Brussels, Belgium, October 11, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsBRUSSELS, Nov 30 (Reuters) - A country investing in cross-border EU defence projects should be given more time to cut its public debt under EU fiscal rules, the head of the European Commission said on Thursday.The fiscal rules are under revision and such a change would go beyond what has so...
US third-quarter growth revised higher; corporate profits rise strongly
Third-quarter GDP growth raised to 5.2% rate from 4.9%Consumer spending revised lowerCorporate profits increase 4.3%WASHINGTON, Nov 29 (Reuters) - The...
Morning Bid: Waller to Wall St, Fed’s on the turn
A look at the day ahead in U.S. and global markets from Mike DolanAs Wall Street mourns the passing of...
Exclusive: European fund giant Amundi dipping toe back into Turkey’s lira
A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire...
Canada banks’ quarterly profits seen hit by rising provisions
A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsTORONTO, Nov 27 (Reuters) - Canada's big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing economy.The big six banks have axed thousands of jobs this year as investment banking fees lagged and business south of the border weakened due to the U.S. regional banking crisis.While high interest rates have boosted the banks' lending margins, residential...
BoE’s Bailey says getting inflation to 2% will be ‘hard work’
Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the...
Political noise distracts central Europe’s rate-setting
People walk in front of the Polish Central Bank (NBP) building in Warsaw, Poland, September 8, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsCentral bank governors under fire from politiciansHungarian government pushes for sharp rate cutsIncoming Polish government seeks to oust governorPoland, Hungary facing years of high inflationWARSAW/BUDAPEST, Nov 27 (Reuters) - The central bank governors of Poland and Hungary are caught up in noisy disputes with opponents over their rate-setting policy, raising new hazards for investors willing to brave central Europe's bitterly polarised politics.In Poland, governor Adam Glapinski stands accused...
Sterling steady, dollar wobbles as markets brace for post-Thanksgiving buzz
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing...
Germany’s economy shrinks slightly in third quarter
A double decker bus passes the skyline with its dominating banking district in Frankfurt, Germany, November 8, 2023. REUTERS/Kai Pfaffenbach/File...
