News
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Unilever CEO says US shutdown hasn't dented consumer sentiment for now
By Yadarisa Shabong and Alexander Marrow Oct 23 (Reuters) - Unilever's ULVR.L CEO Fernando Fernandez said the consumer goods company has not seen any significant impact on consumer sentiment at this stage from the government shutdown in its key market the United States.The U.S. government shu...Reuters
Thu, Oct 23
Euro zone bond yields up, but eyes on US moves against Russia and China
By Joice Alves LONDON, Oct 23 (Reuters) - Euro zone government bond yields edged up on Thursday, shrugging off U.S. President Donald Trump's move to impose sanctions on Russia and consider more trade restrictions on China, as the recent flight to safe-haven assets eased. Trump on Wednesday hi...Reuters
Thu, Oct 23
SNB minutes rule of fears of inflation remaining persistently negative
The latest minutes from the Swiss National Bank’s (SNB) September monetary policy meeting express that interest rates won’t fall into negative territory as inflationary pressures in the economy are not expected to become persistently negative.
Fxstreet
Thu, Oct 23
Japan's top union group seeks 5% wage hike despite US tariffs
Rengo aims for fourth straight year of robust pay hikeWage talks this year resulted in average pay hike of 5.25%Steady wage rises are prerequisite for BOJ to resume rate hikesBy Makiko Yamazaki and Kentaro Sugiyama TOKYO, Oct 23 (Reuters) - Japan's largest labour union group said on Thursday ...Reuters
Thu, Oct 23
Taiwan optimistic about 2026 economic growth exceeding 3% on AI boom
TAIPEI, Oct 23 (Reuters) - Taiwan's economy could grow more than 3% next year given demand for artificial intelligence (AI) applications continues at a rapid clip, Economic Affairs Minister Kung Ming-hsin said on Thursday, offering a rosier outlook than previous forecasts.Last month, Taiwan'...Reuters
Thu, Oct 23
South Korea keeps rates on hold but surprises with nod to further cuts
SEOUL, Oct 23 (Reuters) - South Korea's central bank kept policy interest rates unchanged on Thursday, wary of worsening an overheating housing market and a declining currency, but left the door open for another cut, pushing the won down even further against the dollar.Reuters
Thu, Oct 23
US mulls curbs on exports to China made with US software — Reuters
The White House is considering a plan to curb an array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, Reuters reported late Wednesday.Fxstreet
Thu, Oct 23
US Dollar Index hovers around 99.00 due to potential for US-China trade deal
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after recovering recent losses from the previous session and trading around 99.00 during the Asian hours on Thursday.Fxstreet
Thu, Oct 23
Packaging Corp misses quarterly profit estimates on higher costs
Oct 22 (Reuters) - Packaging Corp of America PKG.N missed Wall Street expectations for third-quarter profit on Wednesday, hit by subdued demand amid economic uncertainty and higher costs, sending its shares down more than 7% in after-hours trading.The Lake Forest, Illinois-based company, which provi...Reuters
Wed, Oct 22
US Treasury's Bessent said he expects consumer prices to start coming down, Fox Business interview
WASHINGTON, Oct 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said U.S. consumer prices could start coming down next month or the month after, citing a drop in energy prices and housing prices."Energy prices are down. I think that housing prices are a lagging indicator, espec...Reuters
Wed, Oct 22
Hot market for law grads did not erase racial gaps in hiring, data shows
By Karen Sloan Oct 22 (Reuters) - The U.S. law school class of 2024 enjoyed record-high employment, but the robust job market did not erase longstanding racial hiring gaps, according to new data released on Wednesday by the National Association for Law Placement.The 2024 findings come amid effort...Reuters
Wed, Oct 22
EXCLUSIVE-US considering curbs on exports to China made with US software, sources say
Trump administration considers potential escalation in China trade warMeasure could restrict shipments to China of goods containing or made with U.S. softwarePlan would retaliate against China's rare earth export restrictions if adoptedBy Alexandra Alper, Michael Martina, Jeffrey Dastin and Kare...Reuters
Wed, Oct 22
