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Japan wholesale inflation accelerates in August
TOKYO, Sept 11 (Reuters) - Japan's wholesale prices rose 2.7% in the year to August, data showed on Thursday, accelerating from the previous month in a sign of sticky inflationary pressure in the world's fourth-largest economy.The rise in the corporate goods price index (CGPI), which measure...Reuters
2 minutes ago
RBNZ’s Hawkesby reiterates OCR projected to reach 2.5%
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby on Thursday reiterated that the Official Cash Rate (OCR) is projected to reach 2.5%. Hawkesby further stated that whether the central bank reaches its goal depends on the data.Fxstreet
23 minutes ago
British pharma industry says drug pricing stance hurts foreign investment
LONDON, Sept 10 (Reuters) - Britain's main pharmaceutical lobby group said on Wednesday foreign investment in the sector has fallen due to its approach to drug pricing, as the industry remains locked in dispute over the issue with the UK government.Drug companies have been in long-running negoti...Reuters
3 hours ago
US Special Counsel sued for dismissing fired federal workers' complaints
By Daniel Wiessner Sept 10 (Reuters) - A group of former federal employees filed a lawsuit on Wednesday seeking to force a U.S. watchdog agency to investigate their claims that President Donald Trump's administration broke the law by firing thousands of recently hired government workers en ma...Reuters
3 hours ago
TREASURIES-Yields slip after producer price data, long bond in tight range pre-auction
Surprise PPI drop helps smooth way for Fed ease next weekStrong demand for 10-year note before Thursday's long bond auctionInvestors await CPI on Thursday for final inflation read before Fed meetingBy Alden Bentley NEW YORK, Sept 10 (Reuters) - Treasury yields fell on Wednesday after a surpri...Reuters
4 hours ago
Trump's Fed governor nominee Miran moves closer to Senate confirmation
Banking committee sends Miran's nomination to full SenateMiran's confirmation may not occur in time for next Fed meetingTrump seeks more influence over Fed with Miran's appointmentBy Bo Erickson and Ann Saphir Sept 10 (Reuters) - Stephen Miran, a top White House economic adviser, move...Reuters
5 hours ago
Litigation funder sues co-founder, law firm for $100 million over trade secrets
By Mike Scarcella Sept 10 (Reuters) - U.S. litigation funder Archetype Capital Partners has sued one of its co-founders and a law firm, accusing them of stealing client information and other internal business secrets.The lawsuit, filed on Monday in federal court in Nevada, said Archetype co-found...Reuters
7 hours ago
Mexico to raise tariffs on cars from China to 50%
MEXICO CITY, Sept 10 (Reuters) - Mexico will raise its tariffs on automobiles from Asia and particularly from China to 50%, from a prior level of 20%, Economy Minister Marcelo Ebrard said on Wednesday."They already have tariffs. What we will do is raise them to the maximum level allowed," Eb...Reuters
7 hours ago
WRAPUP 2-Cooler US producer inflation hints at softening demand
Producer Price Index falls 0.1% in AugustGoods prices edge up 0.1%; cost of services eases 0.2%Producer prices increase 2.6% on year-over-year basisBy Lucia Mutikani WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and m...Reuters
7 hours ago
CORRECTED-TREASURIES-Yields slip after PPI, long bond in tight range pre-auction
By Alden BentleyNEW YORK, Sept 10 (Reuters) - Key Treasury yields eased back after news of a surprising drop in August producer prices strengthened the argument for an interest rate cut next week, but the T-bond yield wavered as investors prepared for Thursday's widely anticipated auction.The La...Reuters
7 hours ago
Labor Department inspector general reviewing challenges to BLS economic data collection
WASHINGTON, Sept 10 (Reuters) - The office of the Labor Department's inspector general said on Wednesday it was initiating a review of challenges the Bureau of Labor Statistics (BLS) faces in collecting and reporting U.S. economic data following recent large downward revisions to nonfarm pay...Reuters
8 hours ago
US oil stockpiles rise as crude exports fall and fuel demand slips, EIA says
Crude inventories post surprise build of 3.9 million barrelsCrude exports fall 1.1 million bpd, imports rise by 668,000 bpdGasoline and distillate stocks rise amid weaker demandBy Liz Hampton and Georgina McCartneyDENVER, Sept 10 (Reuters) - U.S. crude and fuel inventories rose last week amid a decl...Reuters
9 hours ago
