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Boeing CEO says supply chain is facing inflationary pressure
SEATTLE, Sept 11 (Reuters) - Boeing BA.N CEO Kelly Ortberg said on Thursday the planemaker is seeing inflationary pressure on its supply chain. However, he does not expect any supply chain problems in the company's plans to increase production of its best-selling 737 MAX from a federally-imposed...Reuters
16 minutes ago
U.S. August deficit falls to $345 billion as tariff revenues rise
WASHINGTON, Sept 11 (Reuters) - The U.S. budget deficit for August fell $35 billion or 9% from a year earlier to $345 billion as President Donald Trump's tariffs pushed net customs receipts up by about $22.5 billion for the month, the Treasury Department said on Thursday.With one month to go in ...Reuters
an hour ago
IMF says it is committed to working with Ukraine to shape new support program
By Andrea Shalal WASHINGTON, Sept 11 (Reuters) - The International Monetary Fund is committed to working with Ukrainian authorities to shape a new lending program after the war-torn country filed a formal request earlier this week, IMF spokesperson Julie Kozack said on Thursday.Ukraine is spendin...Reuters
an hour ago
REFILE-Britain defends investment record as Merck scraps labs over pharma environment
Pharma sector has been in dispute with UK over drug pricesLobby group says UK increasingly ruled out for many firmsTrump tariff situation unresolved ahead of state visitBy Alistair Smout and Sarah Young LONDON, Sept 11 (Reuters) - Britain defended its record on attracting investment on Thursday a...Reuters
an hour ago
IMF says US economy showing strains; tariffs pose some risks to inflation
IMF sees upside risk to US inflationDownward revision in employment data was higher than historical averageData and revisions on agenda for IMF meeting with US in NovemberBy Andrea Shalal WASHINGTON, Sept 11 (Reuters) - The U.S. economy is showing some strains after years of resilience, with dome...Reuters
2 hours ago
WRAPUP 4-US consumer inflation accelerates; weekly jobless claims approach four-year high
Consumer Price Index increases 0.4% in AugustCPI excluding food and energy advances 0.3%Consumer prices post largest annual gain in seven monthsInitial jobless claims jump 12,000 to 263,000 last weekBy Lucia Mutikani WASHINGTON, Sept 11 (Reuters) - U.S. consumer prices increased by the most in se...Reuters
2 hours ago
US household net worth rebounds to record high in second quarter, Fed data shows
Sept 11 (Reuters) - U.S. household wealth rose to a record $176.3 trillion in the second quarter on the back of a resurgent stock market and climbing property prices, data from the Federal Reserve showed on Thursday.Household net worth climbed by more than $7 trillion in the April-through-June perio...Reuters
2 hours ago
Ghana's public debt expected to fall to 60% of GDP in 2025, IMF says
WASHINGTON, Sept 11 (Reuters) - Ghana's macroeconomic situation is improving, with growth outperforming expectations and authorities making headway on debt, the International Monetary Fund said on Thursday.IMF spokeswoman Julie Kozack told a regular briefing that the West African country's p...Reuters
4 hours ago
IMF says US economy showing strains; demand moderating, job growth slowing
WASHINGTON, Sept 11 (Reuters) - The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday.IMF spokeswoman Julie Kozack said inflation was on a path to meet the Federal Reserve's 2% ...Reuters
4 hours ago
South Africa's online retail sales to exceed $7.42 billion this year, study forecasts
JOHANNESBURG, Sept 11 (Reuters) - South Africa's online retail turnover is expected to top 130 billion rand ($7.42 billion) this year and account for 10% of total retail sales, driven by on-demand grocery and fashion, as well as the entry of global competitors such as Amazon AMZN.O, a study show...Reuters
4 hours ago
Litigation funding business sues co-founder, law firm for $100 million over trade secrets
By Mike Scarcella Sept 9 (Reuters) - U.S. litigation funding business 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...Reuters
5 hours ago
Fed seen on track for rate cuts as job worries eclipse inflation fears
Sept 11 (Reuters) - Concern about a softening job market will keep the Federal Reserve on course to resume its interest rate cuts next week, though the U.S. central bank is likely to move cautiously because of fresh signs that tariffs are pushing prices higher.That was the bet in financial markets o...Reuters
5 hours ago
Brazil retail sales fall for fourth straight month in July
SAO PAULO, Sept 11 (Reuters) - Retail sales volumes in Brazil fell 0.3% in July from June, official data showed on Thursday, in line with analysts' expectations, marking their fourth monthly decline in a row as high interest rates continue to weigh on the local economy.On a year-over-year basis,...Reuters
5 hours ago
