News
Important Only
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
IKEA sales fall for second year in aggressive price-cutting push
IKEA retail sales fall for second year in a rowMore stuff for less - volumes rise and store visits are upFurniture giant says US tariffs could 'eventually' force price hikesBy Greta Rosen Fondahn and Helen ReidSTOCKHOLM/LONDON, Oct 16 (Reuters) - IKEA's annual sales fell for a second con...Reuters
Thu, Oct 16
Sanctioned tankers ship gas condensate from Russia`s Arctic LNG 2 to China, data shows
Oct 16 (Reuters) - Several tankers are delivering gas condensate cargoes from Russia's Arctic LNG 2 plant to China, data from market sources and LSEG ship-tracking showed, despite Western sanctions imposed on the ships and the project.A by-product of liquefied natural gas production, gas condens...Reuters
Thu, Oct 16
ECB’s Kocher: Believe we are at the end of the rate cutting cycle or at least very close to it
European Central Bank (ECB) Governing Council member Martin Kocher said on Thursday, “I believe that we have reached the end of the interest rate reduction cycle or are at least very close to it.”Fxstreet
Thu, Oct 16
Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire'
Job cuts are first significant step by new CEO NavratilCompany raises cost savings target to 3 billion Swiss francsNestle reports better-than-expected third-quarter sales growthGrowth led by higher prices for coffee and confectioneryBy Alexander Marrow AMSTERDAM, Oct 16 (Reuters) - Nestle NESN.S ...Reuters
Thu, Oct 16
