News
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PRESS DIGEST-Financial Times - September 29
Sept 29 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK government to guarantee jobs for young people on long-term benefits- Occidental Petroleum in talks to sell OxyChem unit for about $...Reuters
Mon, Sep 29
EXCLUSIVE-Fed's Miran math may overstate the impact of immigration on inflation
Sept 26 (Reuters) - An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's argument that President Donald Trump's immigration crackdown will slow inflation by cutting demand for housing says the new central banker is overstating the impact.Reuters
Sun, Sep 28
Iran's clerical leaders face existential crisis amid nuclear deadlock
UN sanctions reimposed after failed talks with European powersMounting public anger in Iran over economic hardships and inflationConcerns over potential Israeli strikes on Iranian nuclear sitesBy Parisa Hafezi and John IrishUNITED NATIONS, Sept 27 (Reuters) - Iran’s clerical rulers face one of their...Reuters
Sun, Sep 28
South Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says
SEOUL, Sept 27 (Reuters) - South Korea is unable to pay $350 billion upfront in investment in the United States as President Donald Trump suggested under a deal to cut tariffs and is seeking an alternative solution, Seoul's presidential adviser said on Saturday.Since a handshake deal by the alli...Reuters
Sat, Sep 27
US tariffs threaten $3.1 billion of Singapore's pharma exports, trade talks ongoing
Pharmaceuticals form 13% of Singapore's exports to the US, amount to $3.1 billionMany pharma firms in Singapore may qualify for a tariff exemption, says deputy PMTrade talks ongoing for pharmaceutical and semiconductor sectorsBy Xinghui Kok SINGAPORE, Sept 27 (Reuters) - Pharmaceutical compan...Reuters
Sat, Sep 27
Singapore pharma firms seek clarity on US tariff exemption, deputy PM says
KUALA LUMPUR, Sept 27 (Reuters) - Pharmaceutical companies in Singapore are seeking clarity on whether they would qualify for an exemption from steep tariffs imposed by the United States on their goods, Deputy Prime Minister Gan Kim Yong said on Saturday. Many of the firms have plans to expand or bu...Reuters
Sat, Sep 27
REFILE-China calls EU hypocritical over criticism of climate goal
China says EU criticism of its emissions targets is hypocriticalEU climate chief says China's climate ambition 'disappointing'Beijing accuses EU of being slow in its own climate action BEIJING, Sept 26 (Reuters) - The EU climate chief's criticism of China's new climate pledges...Reuters
Fri, Sep 26
S&P Says Morocco Upgraded To ‘BBB-/A-3’ On Sound Macroeconomic Policies; Outlook Stable
Sept 27 (Reuters) - S&P: MOROCCO UPGRADED TO ‘BBB-/A-3’ ON SOUND MACROECONOMIC POLICIES; OUTLOOK STABLES&P: MOROCCO'S RECENT ECONOMIC PERFORMANCE, OUTLOOK SUPPORTED BY POLICY MIX & STRONG STRUCTURAL SOCIOECONOMIC, BUDGETARY REFORM MOMENTUMS&P: EXPECT BUDGET DEFICIT FOR MOROCCO NA...Reuters
Fri, Sep 26
EXCLUSIVE-Fed's Miran math may overstate the impact of immigration on inflation
Miran's estimate based on older Saiz paperSaiz says the direction is right, but the magnitude is smallMiran's Fed policy view not shared by other policymakersBy Ann SaphirSept 26 (Reuters) - An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's ar...Reuters
Fri, Sep 26
TREASURIES-Yields gain on strong consumer spending
U.S. consumer spending stronger than expectedFed rate-cut bets reduced amid stronger economic dataPotential government shutdown may delay key economic dataBy Matt Tracy and Karen Brettell WASHINGTON, Sept 26 (Reuters) - Longer-dated U.S. Treasury yields rose on Friday after data showed strong con...Reuters
Fri, Sep 26
What to Watch in the Week Ahead and on Monday, September 29
ON MONDAY Following Friday's solid consumer spending data, investors will watch for comments from Federal Reserve speakers. Federal Reserve Board Governor Christopher Waller is likely to speak on "Payments" at the Sibos 2025 Conference. (0730/1130) Meanwhile, Federal Reserve Bank of ...Reuters
Fri, Sep 26
Fed's Bowman reiterates economic risks on the job market front
NEW YORK, Sept 26 (Reuters) - Federal Reserve Vice-chair for Supervision Michelle Bowman said Friday the U.S. central bank is near to achieving its 2% inflation target amid rising job market risks.When it comes to the inflation target “I think we are in range of that,” while “the risks to the labor ...Reuters
Fri, Sep 26
Fed's Bowman warns Fed may already be behind the curve
Federal Reserve (Fed) Board of Governors member Michelle Bowman pivoted deeper into the pro-rate-cut camp on Friday, noting that recent payroll revisions shows the Fed is even further behind the curve on interest rate cuts than previously estimated.Fxstreet
Fri, Sep 26
