News
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Japan’s Takaichi: Hard to set numerical target for minimum wage now
Japan’s Prime Minister Sanae Takaichi said on Friday that the government is not in a position to set a new numerical target for the nationwide minimum wage, arguing that instead that its role is to create conditions that enable businesses to raise pay faster than inflation.Fxstreet
Fri, Nov 14
US to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
Framework trade deals to be finalized in coming weeks, US official saysDeals remove tariffs on goods not grown, mined or produced in USCountries agreed to lower non-tariff barriers for US goodsBy Andrea Shalal and Kanishka Singh WASHINGTON, Nov 13 (Reuters) - The United States said on Thursday it...Reuters
Fri, Nov 14
US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows
Nov 13 (Reuters) - Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.Total bankruptcy filings reached 655 this year throug...Reuters
Fri, Nov 14
US President Donald Trump prepares tariff exemptions in bid to lower food prices
The Trump administration is preparing broad exemptions to certain tariffs in an effort to lower elevated food prices that have raised concerns for American consumers, the New York Times reported on Friday.Fxstreet
Thu, Nov 13
US, Switzerland close in on deal to ease Trump's crippling tariffs
Swiss, US officials describe trade talks as positiveSwitzerland seeks to cut Trump's crippling 39% tariffs on Swiss goodsUS official says Switzerland presented plan to reduce its US trade surplusBy David Lawder and John Revill WASHINGTON/ZURICH, Nov 13 (Reuters) - The U.S. and Switzerland edg...Reuters
Thu, Nov 13
US weekly jobless claims edge down, Haver Analytics estimates
Weekly jobless claims estimates suggest the labor market remains stableThe government is expected to resume publishing the claims data next week after shutdown endedEconomists say it could take months for the economic data fog to liftBy Lucia Mutikani WASHINGTON, Nov 13 (Reuters) - The number of ...Reuters
Thu, Nov 13
UK PM Starmer and Finance Minister Reeves drop plan to hike income tax rates — FT
UK Prime Minister Keir Starmer and Finance Minister Rachel Reeves have dropped the plan to raise income tax rates, in a dramatic turn ahead of the budget on November 26, the Financial Times reported on Thursday.
Fxstreet
Thu, Nov 13
Aptose Biosciences Q3 net loss narrows
OverviewAptose reports Q3 net loss of $5.1 mln, down from $7.0 mln last yearResearch and development expenses decreased due to reduced clinical and manufacturing activityOutlookCompany did not provide specific financial guidanceResult DriversR&D: Research and development expenses decreased by $2...Reuters
Thu, Nov 13
TREASURIES-US bonds retreat as market pares Fed rate-cut expectations
Fed policymakers divided on rate cuts amid inflation concernsUS government reopens after record 43-day shutdownUS 30-year bond auction shows weak resultsUS Treasury 2/10 yield curve in bear-steepening modeBy Gertrude Chavez-Dreyfuss NEW YORK, Nov 13 (Reuters) - U.S. Treasuries slid on Thursday as...Reuters
Thu, Nov 13
FX Today: GDP figures in Euroland take centre stage; investors gear up for US data
The US Dollar (USD) resumed its downtrend on Thursday, reaching fresh monthly lows as market participants assessed the deal that ended the longest US government shutdown in history. Meanwhile, bets on a Fed rate cut in December remained pretty divided.
Fxstreet
Thu, Nov 13
Fed’s Hammack: Politics plays no role in setting monetary policy
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack, in a fireside chat at the Economic Club of Pittsburgh on Thursday, she said that the United States (US) economy has been remarkably resilient and that some of inflation may be tariff-driven, but service inflation is a real concern.Fxstreet
Thu, Nov 13
Fed's Hammack: Restrictive monetary policy needed to cool inflation
NEW YORK, Nov 13 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that interest rate policy should remain restrictive so it can put downward pressure on still concerning levels of inflation.“This is a difficult time for monetary policy” given challenges to the Fe...Reuters
Thu, Nov 13
US crude stocks rise, fuel inventories fall on higher demand, EIA says
By Liz HamptonNov 13 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week on stronger demand, the Energy Information Administration said on Thursday. Crude inventories rose by 6.4 million barrels to 427.6 million barrels in the week ended November 7, the EIA sa...Reuters
Thu, Nov 13
US crude stocks rise, gasoline and distillate inventories fall, EIA says
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories rose by 6.4 million barrels to 427.6 million barrels in the week ended November 7, the EIA said, compared with analysts' expectations in a Re...Reuters
Thu, Nov 13
