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Bank of Canada says it will be reducing its workforce by 230 jobs
OTTAWA, Nov 6 (Reuters) - Bank of Canada's Senior Deputy Governor said on Thursday that the central bank will be reducing its workforce by around 230 people as part of a drive to reduce expenses. "We will be reducing our overall expenses by 15%, and part of that will be a reduction in workfo...Reuters
Thu, Nov 6
Ukraine's talks with GDP-linked debt holders break down for second time
Nov 6 (Reuters) - Talks between Ukraine and holders of its GDP warrants have broken down for a second time in six months, the government said on Thursday, adding another delay to its hopes of restructuring the $3.2 billion worth of bond-like instruments."The parties have jointly decided to termi...Reuters
Thu, Nov 6
Fed's Barr: AI effects may be hurting hiring in some sectors
Nov 6 (Reuters) - Federal Reserve Governor Michael Barr on Thursday said the adoption of artificial intelligence tools by employers may be slowing hiring in some sectors.AI may be one of the dynamics that may be affecting the low-hiring part of the low-hire, low-fire job market environment, Barr sai...Reuters
Thu, Nov 6
Fed's Hammack leans against more rate cuts because of high inflation
Cleveland Fed chief says high inflation argues against more rate cutsHammack says monetary policy is barely restrictive, if at allShe expects long process to lower inflation back to 2% target By Michael S. Derby NEW YORK, Nov 6 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on ...Reuters
Thu, Nov 6
Goldman Sachs sees BoE rate cut in December, further easing ahead
Nov 6 (Reuters) - Goldman Sachs expects the Bank of England to trim rates in December after the central bank left borrowing costs unchanged on Thursday, but Governor Andrew Bailey acknowledged that inflation risks have reduced.Goldman Sachs, which had expected the BoE to cut rates by 25 basis points...Reuters
Thu, Nov 6
US holiday sales set to top $1 trillion for the first time, NRF forecasts
Nov 6 (Reuters) - U.S. holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation forecast on Thursday.Spending will rise between $1.01 trillion and $1.02 trillion, compared with a 4.3% rise to $976.1 billion in November and December last year, it said.Reuters
Thu, Nov 6
Bund yields drop from near 4-week high tracking US Treasuries
US Treasury yields drop on concerns over the US economyBoE keeps rates unchanged, expected to deliver a cut in DecemberMarkets see ECB key rate steady through early 2027By Stefano Rebaudo Nov 6 (Reuters) - Euro zone benchmark Bund yields dropped from their four-week high on Thursday, taking the l...Reuters
Thu, Nov 6
EXCLUSIVE-JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent
Dimon praises Milei's economic reforms and potential foreign investmentJPMorgan open to special financing for Argentina if neededDimon believes Fed will stay independent despite Trump's views on ratesBy Tatiana Bautzer and Nupur AnandDETROIT, Nov 5 (Reuters) - Argentina may not ultimately ne...Reuters
Thu, Nov 6
TREASURIES-US bond market rallies as private reports flag cooling job market
Signs of US labor market weakening push yields lowerGovernment shutdown affecting economic outlook, data availabilitySupreme Court decision on tariffs may influence Treasury marketBy Davide Barbuscia NEW YORK, Nov 6 (Reuters) - U.S. Treasury yields fell on Thursday due to concerns over a weakenin...Reuters
Thu, Nov 6
Canada's Ivey PMI shows activity expanding at slower pace in October
TORONTO, Nov 6 (Reuters) - Canadian economic activity expanded at a slower pace in October as a measure of prices edged higher, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index fell to 52.4 last month from 59.8 in September.The Ivey PMI measures the month to...Reuters
Thu, Nov 6
US economy shed jobs in October, report from Revelio Labs shows
Nov 6 - The U.S. economy shed jobs in October while layoffs picked up, data showed on Thursday, suggesting a deterioration in labor market conditions.Data from workforce analytics company Revelio Labs showed 9,100 jobs were lost last month, with the government sector accounting for the bulk of the d...Reuters
Thu, Nov 6
Fed's Goolsbee: lack of inflation data argues for going slow
Nov 6 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further."I lean more to the, when it's foggy, let's just be a little c...Reuters
Thu, Nov 6
CORRECTED-Lanxess CEO sees gradual recovery for chemical industry in 2026
By Ozan Ergenay Nov 6 (Reuters) - Speciality chemicals maker Lanxess LXSG.DE said on Thursday it expects a gradual recovery for the chemical industry in 2026, due to the German government's proposed infrastructure programme and less economic uncertainty.The German chemical sector, the countr...Reuters
Thu, Nov 6
Brazil announces new sustainable bond issuance in global market
BRASILIA, Nov 6 (Reuters) - Brazil's Treasury said on Thursday it will issue new dollar-denominated sustainable bonds maturing in 2033, while reopening its 10-year note due in 2035."The aim of the operation is to reaffirm the commitment to sustainable policies, in line with growing interest ...Reuters
Thu, Nov 6
Fed’s Goolsbee: Mild cooling in labor market
President of the Federal Reserve (Fed) Bank of Chicago, Austan Dean Goolsbee, spoke in an interview with CNBC, talking about the labor market on Thursday. He stated that the unemployment rate remains essentially unchanged and that he cannot rely on inflation being transitory.Fxstreet
Thu, Nov 6
Fed's Goolsbee: lack of inflation data argues for going slow
Nov 6 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further."I lean more to the, when it's foggy, let's just be a little c...Reuters
Thu, Nov 6
