News
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China urges local governments to give cash handouts for New Year
China’s central government said it will offer handouts to people struggling with the cost of living and vowed more benefits for some unemployed people ahead of a key national holiday, Xinhua News Agency reported, citing a notice from the Ministry of Civil Affairs.Fxstreet
Dec 30, 2024
Trump says extension of the debt ceiling will 'go down as one of the dumbest political decisions made in years'
U.S. President-elect Donald Trump said the extension of the debt ceiling will "go down as one of the dumbest political decisions made in years," referring to a 2023 budget deal struck by then-House Speaker Kevin McCarthy and President Joe Biden.Reuters
Dec 30, 2024
UPDATE 1-Trump attacks 'dumbest' 2023 debt limit extension
Adds details and background, changes headline WASHINGTON, Dec 29 (Reuters) - U.S. President-elect Donald Trump said on Sunday the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden will "go down as one of the dumbest political decisions made in years."...Reuters
Dec 29, 2024
UPDATE 1-Next ECB rate cut could be longer in coming, Holzmann says
Adds comments on Trump by Holzmann, paragraphs 5-7 Dec 28 (Reuters) - The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday."I don't see any interest rate ...Reuters
Dec 28, 2024
UPDATE 2-US may hit new debt limit as early as Jan 14, Yellen says
Recasts with earliest expected date of extraordinary measures, adds background on debt ceiling in paragraphs 7 & 8By Jasper Ward and Kanishka Singh WASHINGTON, Dec 27 (Reuters) - The U.S. Treasury Department may need to take "extraordinary measures" by as early as Jan. 14 to prevent the United St...Reuters
Dec 27, 2024
Treasury not expecting extraordinary measures on Jan 2 to prevent US from defaulting
WASHINGTON, Dec 27 (Reuters) - The U.S. Treasury does not expect that it will be necessary to start taking extraordinary measures on Jan. 2 to prevent the United States from defaulting on its obligations, Treasury Secretary Janet Yellen said in a letter to lawmakers on Friday.Yellen wrote on Friday ...Reuters
Dec 27, 2024
TREASURIES-Yields rise as equities sell off heading in to New Year
Updates with midsession tradingBy Matt Tracy Dec 27 (Reuters) - The benchmark U.S. Treasury yield rose on Friday as equities sold off in an otherwise quiet holiday-shortened week, as investors look to unemployment figures next week for signs of the economy's path in the New Year.Yields were littl...Reuters
Dec 27, 2024
US homelessness rose by record 18% in latest annual data
By Kanishka Singh WASHINGTON, Dec 27 (Reuters) - There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the U.S. Department of Housing and Urban Development s...Reuters
Dec 27, 2024
TREASURIES-Yields steady as investors position for New Year
By Matt TracyDec 27 (Reuters) - The yield on the benchmark U.S. Treasury note held steady on Friday, showing little reaction in a quiet holiday-shortened week to secondary data on retailers' and wholesalers' inventories.Retailers' inventories ticked up in November by 0.3% to $827.5 billion from $825...Reuters
Dec 27, 2024
US goods trade gap widens in November
Dec 27 (Reuters) - The U.S. goods trade deficit widened more than expected in November on a rebound in imports, clouding the picture over whether trade might add to economic growth this quarter for the first time in a year.The goods trade gap increased to a seasonally adjusted $102.9 billion last mo...Reuters
Dec 27, 2024
UPDATE 2-Brazil mid-December inflation slows but ends year above target
Adds comments from economist in paragraphs 4-5 BRASILIA, Dec 27 (Reuters) - Brazil's consumer prices rose less than expected in the month to mid-December, government statistics agency IBGE said on Friday, an outcome insufficient, however, to lead economists to foresee a better outlook for inflati...Reuters
Dec 27, 2024
UPDATE 1-Brazil's jobless rate hits fresh all-time low but job creation slows
Recasts with data from formal job creation SAO PAULO/BRASILIA, Dec 27 (Reuters) - Brazil's jobless rate hit a fresh record low in the three months through November, official data showed on Friday, but job creation slowed to its lowest pace in nearly a year as the local labor market provides some ...Reuters
Dec 27, 2024
Brazil creates less formal jobs than expected in November
BRASILIA, Dec 27 (Reuters) - Brazil's economy created a net 106,625 formal jobs in November, data from the labor ministry showed on Friday, falling short of the 129,500 positions expected in a Reuters poll of economists. (Reporting by Bernardo Caram; editing by Gabriel Araujo) ((marcela.ayres@thomso...Reuters
Dec 27, 2024
UPDATE 1-Brazil mid-December inflation slows but ends year above target
Recasts throughoutBRASILIA, Dec 27 (Reuters) - Brazil's consumer prices rose less than expected in the month to mid-December, government statistics agency IBGE said on Friday, though the annual reading still ended the year above the central bank's official target.Annual inflation reached 4.71% in mi...Reuters
Dec 27, 2024
