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IMF's Georgieva says countries lack regulatory, ethical foundation for AI
By Andrea Shalal WASHINGTON, Oct 13 (Reuters) - Countries around the world lack the regulatory and ethical foundation to deal with the rapid advent of artificial intelligence, IMF chief Kristalina Georgieva said on Monday, urging civil society groups to "ring the alarm bells."Georgieva sa...Reuters
Mon, Oct 13
IMF's Georgieva says countries lack regulatory, ethical foundation for A1
By Andrea ShalalWASHINGTON, Oct 13 (Reuters) - Countries around the world lack the regulatory and ethical foundation to deal with the rapid advent of artificial intelligence, IMF chief Kristalina Georgieva said on Monday, urging civil society groups to "ring the alarm bells."Georgieva said t...Reuters
Mon, Oct 13
Trio win Nobel economics prize for work on innovation, growth and 'creative destruction'
Prize showcases work on factors that underpin economic growthWinners are professors at U.S., French and British universitiesAghion wants Europe to learn from U.S. and ChinaHowitt questions Trump's economic policiesBy Johan Ahlander, Jonathan Allen and Simon Johnson STOCKHOLM, Oct 13 (Reuters)...Reuters
Mon, Oct 13
Fed's Paulson anticipates more rate cuts to support job market
Paulson advocates for more rate cuts to support employmentFed cut rates in September, more cuts expectedPaulson sees tariffs raising inflation but not persistentlyBy Michael S. Derby and Howard Schneider Oct 13 (Reuters) - In her first speech as head of the Philadelphia Federal Reserve, Anna ...Reuters
Mon, Oct 13
Fed's Paulson says Fed would react to burst of inflation
Oct 13 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said on Monday that if inflation pressures do not moderate as she expects the central bank should be willing to take action.If inflation shows “a burst of, you know, shows some life, then the Fed's going to have to re...Reuters
Mon, Oct 13
Fed’s Paulson signals support for two more 25 bps cuts in 2025
Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson spoke about the view from the Reserve Bank of Philadelphia of the United States (US) economy at the National Association for Business Economics Annual Meeting in Philadelphia, stating that she doesn't see tariffs causing sustained infFxstreet
Mon, Oct 13
Fed's Paulson sees more rate cuts ahead to bolster job market
Paulson advocates for more rate cuts to support employmentFed cut rates in September, more cuts expectedPaulson sees tariffs raising inflation but not persistentlyBy Michael S. Derby Oct 13 (Reuters) - In her first speech as head of the Philadelphia Federal Reserve, Anna Paulson said on Monday th...Reuters
Mon, Oct 13
Data company Agri Stats settles poultry worker wage-fixing lawsuit
By Mike Scarcella Oct 13 (Reuters) - Agricultural data company Agri Stats has agreed to settle a federal antitrust lawsuit alleging that it conspired with major poultry processors in the U.S. to suppress worker wages.The proposed class action settlement was filed on Friday in the federal court in...Reuters
Mon, Oct 13
FACTBOX-US government shutdown: How it affects key economic data publishing
Oct 13 (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 13
US Treasury's Bessent: 100% tariffs doesn't have to happen
In an interview with Fox Business on Monday, United States (US) Treasury Secretary Scott Bessent noted that they have aggressively pushed back against China's export controls and called in a "provocative move," per Reuters.Fxstreet
Mon, Oct 13
USD/CNH: Likely to trade in a range between 7.1280 and 7.1500 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1280 and 7.1500. In the longer run, USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Oct 13
Brazilian Economists See 2025 Inflation At 4.72% - Cenbank Poll
Oct 13 (Reuters) - BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.72% IN 2025 VERSUS 4.80% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.28% IN 2026 VERSUS 4.28% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE YEAR-END 2025 INT...Reuters
Mon, Oct 13
US-China Trade War: Episode 1,000,000 – Commerzbank
If anyone still harbored hope that this unbearable tariff saga had already reached its climax, such hope was likely extinguished after the US government’s threat late last week to impose tariffs of 100% on imports from China, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Mon, Oct 13
China: Export stayed resilient in September on strong demand from nonUS markets – UOB Group
Both China’s export and import growth were well-above Bloomberg’s consensus forecasts in September. China’s exports rose at the fastest pace in six months at 8.3% y/y in September (Bloomberg est: 6.6%, August: 4.4%) and imports jumped sharply by 7.4% y/y (Bloomberg est: 1.8%, August: 1.3%).Fxstreet
Mon, Oct 13
China's Foreign Ministry urges US to act on the basis of equality, respect, and mutual benefit
China Foreign Ministry spokesperson Lin Jian said during a regular press briefing this Monday that if the US is determined to go its own way, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.Fxstreet
Mon, Oct 13
ECB Sets Transitional Provisions For Minimum Reserve Requirements Following Introduction Of Euro In Bulgaria
Oct 13 (Reuters) - ECB: ECB SETS TRANSITIONAL PROVISIONS FOR MINIMUM RESERVE REQUIREMENTS FOLLOWING INTRODUCTION OF EURO IN BULGARIAECB: BULGARIAN BANKS ALSO BECOMING SUBJECT TO EUROSYSTEM’S MINIMUM RESERVE REQUIREMENTS AFTER EURO ADOPTIONECB: TRANSITIONAL PROVISIONS NEEDED TO INTEGRATE BULGARIAN BA...Reuters
Mon, Oct 13
Dow Jones futures gains due to increased Fed rate cut bets, easing US-China trade concerns
Dow Jones futures climb 1.12% to trade above 46,200 during European hours on Monday, ahead of the opening of the United States (US) regular session. The S&P 500 futures gain 1.52% to rise toward 6,700, while Nasdaq 100 futures surge 2.07% to trade around 24,900 at the time of writing.Fxstreet
Mon, Oct 13
China's September exports to Russia show steepest decline in seven months
BEIJING, Oct 13 (Reuters) - China's yuan-denominated exports to Russia in September posted their biggest drop in seven months, accelerating the decline seen in August, Chinese customs data showed on Monday.Outbound shipments to Russia contracted 21% in yuan terms last month to 63.11 billion yuan...Reuters
Mon, Oct 13
