News
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UPDATE 1-Trump wants to extend US debt ceiling, says he doesn't want to see a default
Treasury uses extraordinary measures to avert defaultDebt ceiling has not limited borrowing, causes market concernsRepublicans consider reconciliation to pass Trump's agendaAdds details, background on debt limit; methods to advance Trump agenda paragraphs 4-11 PALM BEACH, Florida, Jan 7 (Reuters)...Reuters
Jan 7, 2025
FACTBOX-Potential contenders to replace Trudeau as Canadian prime minister
By David Ljunggren OTTAWA, Jan 7 (Reuters) - Canada's ruling Liberal Party is looking for a new leader to replace Prime Minister Justin Trudeau, who announced on Monday he intended to step down.The party has not released details on the leadership contest, which would typically take months.Here ar...Reuters
Jan 7, 2025
WRAPUP 2-US labor market stable as job openings rise, hiring eases in November
Recasts throughout with job openings, services dataJob openings increase by 259,000 to 8.098 million in NovemberUnfilled positions concentrated among small businesses Hires decline by 125,000; layoffs little changedServices sector strengthens in December; tariffs a worryTrade deficit increases 6.2% ...Reuters
Jan 7, 2025
Trump wants to extend US debt ceiling, says doesn't want to see a default
PALM BEACH, Florida, Jan 7 (Reuters) - President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation's debt ceiling, adding that he did not want to see the federal government default on its debt, which currently tops $36 trillion."I just don't want to see a defaul...Reuters
Jan 7, 2025
Fitch warns of US debt-ceiling stalemate despite Republican-controlled government
Fitch skeptical of quick debt-limit resolution due to narrow Republican majorityTemporary funding measures highlight obstacles in fiscal agreementsCredit default swap spreads widen amid debt-ceiling concernsBy Davide Barbuscia NEW YORK, Jan 7 (Reuters) - A unified government under President-elect...Reuters
Jan 7, 2025
German yields rise for fifth day as data points to hotter inflation
Updates with late afternoon tradingBy Greta Rosen Fondahn Jan 7 (Reuters) - German government bond yields rose for a fifth straight day on Tuesday to trade at their highest in two months, after a mix of euro zone and U.S. data suggested their respective central banks may have less room to cut int...Reuters
Jan 7, 2025
US consumer watchdog sues Experian over consumer credit accuracy
Jan 7 (Reuters) - The top U.S. watchdog agency for consumer finance on Tuesday sued credit rating giant Experian EXPN.L, saying the company failed consumers who challenge the accuracy of consumer credit files, court records show.Despite its legal obligations, "Experian fails consumers who dispute in...Reuters
Jan 7, 2025
TREASURIES-US yields rise on strong data, before auction
US job openings grew, exceeding forecastsMarket anticipates Fed rate cuts will be less than previously expectedFiscal trajectory has pushed up long-term yieldsUpdated in New York morning timeBy Karen Brettell NEW YORK, Jan 7 (Reuters) - Benchmark 10-year Treasury yields hit an eight-month high on...Reuters
Jan 7, 2025
UPDATE 3-Canada posts nine straight months of trade deficit, surplus with US widens
US President-elect has criticized Canada's trade surplusTrade surplus with U.S. widened US trade deficit also widened in NovemberAdds context, comments in paragraphs 2, 6, 12By Promit Mukherjee and Ismail Shakil OTTAWA, Jan 7 (Reuters) - Canada recorded a ninth consecutive monthly trade deficit i...Reuters
Jan 7, 2025
US job openings increase in November; hiring falls
WASHINGTON, Jan 7 (Reuters) - U.S. job openings unexpectedly increased in November, but a softening in hiring pointed to a slowing labor market.Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the last day of November, the Labor Department's Bureau of Labor Statistics said i...Reuters
Jan 7, 2025
Canada's Ivey PMI rises to 5-month high in December
TORONTO, Jan 7 (Reuters) - Canadian economic activity expanded at its fastest pace in five months in December as employment and inventories climbed, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.The seasonally adjusted index rose to 54.7 from 52.3 in November, posting its highest level...Reuters
Jan 7, 2025
