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EXCLUSIVE-Amazon targets as many as 30,000 corporate job cuts, sources say
By Greg BensingerSAN FRANCISCO, Oct 27 (Reuters) - Amazon AMZN.O is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.The f...Reuters
Mon, Oct 27
Cox Automotive Says For October US New-Vehicle Sales Pace Expected To Finish Near 15.7 Million
Oct 27 (Reuters) - COX AUTOMOTIVE: COX AUTOMOTIVE: OCTOBER'S NEW-VEHICLE SALES PACE EXPECTED TO FINISH NEAR 15.7 MILLIONCOX AUTOMOTIVE: NEW-VEHICLE SALES VOLUME IS EXPECTED TO REACH 1.30 MILLION IN OCTOBERCOX AUTOMOTIVE: ELECTRIC VEHICLE SALES ARE EXPECTED TO DROP SHARPLY FOLLOWING THE TAX CREDI...Reuters
Mon, Oct 27
UBS applies for US banking licence in wealth management growth drive
UBS hopes to get approval for US licence next yearSwiss bank is facing tougher regulations at homeUBS has examined relocating if Swiss regulation too extremeBy Oliver Hirt and Ariane Luthi ZURICH, Oct 27 (Reuters) - UBS UBSG.S has applied for a banking licence in the United States, the Swiss bank...Reuters
Mon, Oct 27
Euro zone yields hover near two-week highs as risk appetite swells
Euro zone yields hold at two-week highsEasing US-China trade tensions lend support Slew of central bank decisions loomGerman business sentiment survey surprises to the upsideBy Amanda Cooper and Lucy Raitano LONDON, Oct 27 (Reuters) - Euro zone bond yields hovered near their highest levels in tw...Reuters
Mon, Oct 27
TREASURIES-US yields rise on potential U.S.-China deal, uncertainty on data availability
By Tatiana BautzerNEW YORK, Oct 27 (Reuters) - Yields on U.S. Treasuries rose on Monday as hopes of a China and U.S. trade deal boosted risk appetite and investors worried about U.S. economy data availability and its effect on future interest rates. The yield on the benchmark U.S. 10-year Treasu...Reuters
Mon, Oct 27
FACTBOX-US government shutdown: How it affects key economic data publishing
Oct 27 (Reuters) - The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30.The closure has shut off the flow of key economic data at a moment of uncertaint...Reuters
Mon, Oct 27
U.S. targets Russia’s oil giants with sweeping sanctions – Société Générale
In its toughest move yet against Russian business, Washington sanctioned Lukoil and Rosneft, freezing assets and banning U.S. transactions. The sweeping measures, timed as oil prices dipped, signal a sharper U.S. strategy to pressure Moscow’s energy sector, Société Générale's FX analysts note.Fxstreet
Mon, Oct 27
UBS files application for US banking licence
ZURICH, Oct 27 (Reuters) - UBS UBSG.S has filed an application for a national banking licence in the United States, the Swiss bank said on Monday, a step that underlines its growth ambition for the U.S. market.In a memo to UBS staff seen by Reuters, Rob Karofsky, the President of UBS Americas, and M...Reuters
Mon, Oct 27
China fills US void at ASEAN Summit with push for trade multilateralism
China-backed RCEP, world's largest trade bloc, holds rare summitCanada's Carney expects to meet Xi this week, open to meeting TrumpLula says trade deal 'guaranteed' after Trump meetingEurope, Japan concerned over China rare earth controlsEuropean Council's Costa says China delega...Reuters
Mon, Oct 27
Chicago Fed puts October unemployment rate at 4.35%, little changed from last official report
WASHINGTON, Oct 27 (Reuters) - The U.S. unemployment rate remained stable at around 4.3% in October according to a Chicago Federal Reserve bank economic model that uses private data to estimate the jobless rate even in the absence of government statistics that have been unavailable since the start o...Reuters
Mon, Oct 27
India approves $626 million in projects to boost electronics components manufacturing
Oct 27 (Reuters) - The Indian government has approved the first batch of seven projects worth over 55 billion rupees ($625.75 million) to boost domestic manufacturing of electronics components.The approval includes four projects by Kaynes Circuits India, covering multi-layer and high-density printed...Reuters
Mon, Oct 27
Chicago Fed puts October unemployment rate at 4.35%, little changed from last official report
WASHINGTON, Oct 27 (Reuters) - The U.S. unemployment rate remained stable at around 4.3% in October according to a Chicago Federal Reserve bank economic model that uses private data to estimate the jobless rate even in the absence of government statistics that have been unavailable since the start o...Reuters
Mon, Oct 27
Trump gets royal welcome in Japan, China trade truce hopes rise
Trump arrives in Tokyo, meets Japan's emperor U.S. President signed a series of trade deals in MalaysiaMeeting with Xi expected on ThursdayTokyo expected to promise investments, defence focus By Trevor Hunnicutt, John Geddie and Tim Kelly TOKYO, Oct 27 (Reuters) - U.S. President Donald Trump ...Reuters
Mon, Oct 27
