News
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Canada sheds tens of thousands of jobs as tariffs dent hiring plans
Canadian economy shed 40,800 jobs, mainly among permanent employeesAnalysts polled by Reuters had forecast a gain of 13,500 jobs Overall unemployment rate at 6.9% in July, little changed from JuneBy Promit Mukherjee and Divya Rajagopal OTTAWA, Aug 8 (Reuters) - The Canadian economy lost tens of t...Reuters
Fri, Aug 8
TREASURIES-US yields climb as investors look toward data
Stephen Miran nominated to Federal Reserve boardJPMorgan pulls forward Fed cut expectationSeptember Fed cut expectations near 90%By Chuck Mikolajczak NEW YORK, Aug 8 (Reuters) - U.S. Treasury yields rose on Friday, with that of the benchmark 10-year note set for its first weekly gain in three...Reuters
Fri, Aug 8
Fed hawks and doves: what US central bankers are saying
By Ann Saphir Aug 8 (Reuters) - The Federal Reserve left its policy rate in the 4.25%-4.50% range at its July 29-30 meeting to keep downward pressure on inflation, which remains above target. President Donald Trump, who has for months tried unsuccessfully to pressure the Fed into cutt...Reuters
Fri, Aug 8
Zambia concerned by 'financial strain' of new US visa bond
By Chris Mfula LUSAKA, Aug 8 (Reuters) - Zambia's government voiced concern on Friday about the "unnecessary financial strain" that would be caused by a new rule requiring its citizens to pay bonds of up to $15,000 to obtain some types of U.S. visas. Starting August 20, U.S. President...Reuters
Fri, Aug 8
Trump's Fed pick wanted to upend its protection from politics
Miran co-authored study recommending shorter Fed board termsProposal would allow president to fire board membersWould also put regional Feds under control of state governorsBy Howard Schneider WASHINGTON, Aug 8 (Reuters) - Having railed against the "revolving door" between the executive b...Reuters
Fri, Aug 8
Swiss plane maker Pilatus halts business jet deliveries to US over tariffs
ZURICH, Aug 8 (Reuters) - Swiss aircraft manufacturer Pilatus on Friday said it has temporarily halted deliveries of its PC-12 and PC-24 business jets to the United States, saying steep new U.S. tariffs put the company at "significant competitive disadvantage".The U.S. is a key market for Pi...Reuters
Fri, Aug 8
Fed's Musalem: There are risks now to both the inflation and jobs goals
WASHINGTON, Aug 8 (Reuters) - The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to reduce interest rates, St. Louis Fed President Alberto Musalem said on Friday.Betw...Reuters
Fri, Aug 8
