News
Important Only
Kazakhstan freezes fuel, utility prices as inflation accelerates
By Mariya Gordeyeva and Felix LightALMATY, Oct 16 (Reuters) - Kazakhstan's government said on Thursday it was freezing the price of diesel and some petrol, as well as suspending utility tariff increases until the end of the second quarter of 2026, as double-digit inflation continues to accelerat...Reuters
Thu, Oct 16
IMF upgrades Asia's growth forecast, warns of risks
By Leika KiharaWASHINGTON, Oct 16 (Reuters) - The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but warned of risks to the outlook from trade policy uncertainty and geopolitical tensions.Economic activity in the Asia-Pacific was holding up better than expect...Reuters
Thu, Oct 16
US mid-Atlantic manufacturing contracts in October; price measures increase
WASHINGTON, Oct 16 (Reuters) - Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in October, and more manufacturers reported paying and receiving higher prices for inputs and their goods, suggesting inflation could still rise further.The Philadelphia Federal Reserve Bank said ...Reuters
Thu, Oct 16
IMF's Georgieva says Gaza ceasefire must be maintained, peace would benefit region
WASHINGTON, Oct 16 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Thursday urged all parties to continue moving in the direction of a sustained lasting peace following a ceasefire in Gaza, saying it would benefit the entire region.Georgieva, speaking during the ann...Reuters
Thu, Oct 16
French PM faces fraught budget talks after surviving no-confidence votes
Lecornu offer to suspend pension reform wins him vital supportGovernment comfortably survives both no-confidence votesSocialists help Lecornu survive but now want other concessionsFrench bond market calm after back-to-back votesBy Elizabeth Pineau and Benoit Van Overstraeten PARIS, Oct 16 (Reuter...Reuters
Thu, Oct 16
Fed's Waller favors 25-basis-point rate cut in October amid job market worries
Waller supports rate cut this month due to mixed job market dataFed governor focused on job market amid modest tariff impact on inflationWaller says what Fed does after October meeting will depend on dataBy Michael S. Derby NEW YORK, Oct 16 (Reuters) - Federal Reserve Governor Christopher Waller ...Reuters
Thu, Oct 16
Fed's Barkin: Consumers are spending, but not as flush as in pandemic years
WASHINGTON, Oct 16 (Reuters) - Consumers continue to spend given low unemployment and wage gains, but are more constrained than during the pandemic years, Richmond Fed president Thomas Barkin said on Thursday."While consumers are still spending, we are not in 2022 anymore. Consumers are not as f...Reuters
Thu, Oct 16
Canadian housing starts rise 14% in September -CMHC
TORONTO, Oct 16 (Reuters) - Canadian housing starts rose 14% in September compared with the previous month, a sharper increase than expected, data from the national housing agency showed on Thursday.The seasonally adjusted annualized rate of housing starts was 279,234 units, up from a revised 244,54...Reuters
Thu, Oct 16
Fed's Waller: Available data show ongoing labor weakness, bolstering rate cut case
WASHINGTON, Oct 16 (Reuters) - Data available even in the absence of delayed U.S. government employment reports tells a consistent story of weak hiring, bolstering the need for the Federal Reserve to cut rates even as other data points to solid economic growth, Fed Governor Christopher Waller said o...Reuters
Thu, Oct 16
Fed's Miran: Growth next year could hinge on how U.S.-China tensions are resolved - Fox Business
WASHINGTON, Oct 16 (Reuters) - U.S. Federal Reserve Governor Stephen Miran said economic growth for the coming year could turn on whether the escalating risks around U.S.-China trade are realized or defused."We will have to see how the next few weeks play out," Miran said on Fox Business'...Reuters
Thu, Oct 16
China's retailers extend Singles' Day to five weeks to revive spending
Discounts and promotions aim to boost consumer spendingJD.com and Alibaba focus on instant retail for Singles' DaySingles' Day extended to record five week sales event By Casey Hall and Sophie Yu SHANGHAI, Oct 16 (Reuters) - Chinese retailers are stretching their annual "Singles' ...Reuters
Thu, Oct 16
African markets impacted by global upheaval, survey shows
South Africa, Mauritius, Uganda top financial market rankingsClimate-aligned finance gains traction with new green bondsNigeria slips in rankings despite foreign-exchange reform progressBy Colleen Goko JOHANNESBURG, Oct 16 (Reuters) - Seismic shifts in global trade and funding have weakened many ...Reuters
Thu, Oct 16
