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US August deficit falls to $345 billion as tariff revenues rise
US deficit nears $2 trillion with one month left in 2025 fiscal yearNet US customs duties reach record $29.5 billion in AugustReceipts, outlays reach records for August, fiscal year-to-date By David LawderWASHINGTON, Sept 11 (Reuters) - The U.S. budget deficit for August fell $35 billion or 9% from ...Reuters
55 minutes ago
Donald Trump asks higher court to wave off order allowing Cook to remain at Fed
United States (US) President Donald Trump and his administration have formally asked the federal appeals court to pause a federal order that would allow Lisa Cook to remain at her post at the Federal Reserve (Fed) pending an official probe into accusations of mortgage fraud.Fxstreet
56 minutes ago
Boeing falling behind on certifying its 777X, CEO says
By Dan CatchpoleSEATTLE, Sept 11 (Reuters) - Boeing BA.N CEO Kelly Ortberg said on Thursday that the planemaker is falling behind schedule on certifying the 777-9, its newest widebody jet.The company expects to deliver the first 777X jet in 2026, six years later than anticipated when the program was...Reuters
57 minutes ago
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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
4 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
4 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
4 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
5 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
5 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
6 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
6 hours ago
