US calls on Big Tech to help evade online censors in Russia, Iran

US calls on Big Tech to help evade online censors in Russia, Iran

The White House, aiming to persuade U.S. tech giants to offer more digital bandwidth for government-funded internet censorship evasion tools, held a meeting with representatives of Amazon.com,...
September 05, 2024 at 02:52 pm EDT
Fed seeks feedback on emergency lending operations

Fed seeks feedback on emergency lending operations

The Federal Reserve said on Thursday it was seeking feedback on how it operates its discount window, which is intended to provide emergency lending to banks in times of stress. The Fed...
September 05, 2024 at 02:19 pm EDT
Nomura Asset Management CIO says further sharp yen gains unlikely

Nomura Asset Management CIO says further sharp yen gains unlikely

A recent surge in the yen means profit growth at Japanese companies may disappoint, while a further sharp appreciation in the currency is unlikely, said Nomura Asset Management's CIO. ...
September 05, 2024 at 11:49 am EDT
US service sector steady in August; employment cooling

US service sector steady in August; employment cooling

U.S. services sector activity was steady in August, but employment gains slowed, consistent with an easing labor market. The Institute for Supply Management said on Thursday that its...
September 05, 2024 at 10:04 am EDT
US planned layoffs surge in August, recruitment firm Challenger says

US planned layoffs surge in August, recruitment firm Challenger says

U.S. employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly tally of...
September 05, 2024 at 07:37 am EDT
Canadian dollar rally to resume in 2025 if global economy picks up

Canadian dollar rally to resume in 2025 if global economy picks up

The Canadian dollar is set to give back some of its recent gains over coming months but could make another move higher in 2025 if central bank easing cycles revive the global economy, spurring demand...
September 05, 2024 at 07:10 am EDT
Toronto home sales rise in August after a drop in July, prices fall

Toronto home sales rise in August after a drop in July, prices fall

Greater Toronto-area home sales rose in August on a month-to-month basis, data showed on Thursday, rebounding from a drop in July. Seasonally adjusted sales increased 0.6% in August...
September 05, 2024 at 05:03 am EDT
Bullish bets on most Asian currencies rise on Fed rate cut bets

Bullish bets on most Asian currencies rise on Fed rate cut bets

Analysts have raised bullish bets on most Asian currencies after mixed data heightened concerns about economic growth in the world's largest economy, increasing the odds of outsized U.S. rate cuts and...
September 05, 2024 at 02:17 am EDT
Markets hit tentative pause on selloff

Markets hit tentative pause on selloff

A look at the day ahead in European and global markets from Ankur Banerjee Markets hit the pause button after a selloff in equities since the start of the week but sentiment remained...
September 05, 2024 at 12:42 am EDT
Asian shares try to stabilise after global sell-off; focus on US data

Asian shares try to stabilise after global sell-off; focus on US data

Asian share markets tried to regain their footing on Thursday after a steep sell-off, while a rally in Treasuries dented the dollar and lifted the yen as U.S. economic worries raised the odds of the...
September 04, 2024 at 10:39 pm EDT
Fed's Daly says rate cuts needed to keep labor market healthy

Fed's Daly says rate cuts needed to keep labor market healthy

The Federal Reserve needs to cut interest rates to keep the labor market healthy, but it is now down to incoming economic data to determine by how much, San Francisco Fed President Mary Daly said on...
September 04, 2024 at 09:05 pm EDT
Dollar weakness to stall as markets over-egg Fed rate cuts

Dollar weakness to stall as markets over-egg Fed rate cuts

Recent U.S. dollar weakness will stall in the coming three months despite financial market traders ramping up bets for Federal Reserve interest rate cuts, according to a majority of foreign exchange...
September 04, 2024 at 08:09 pm EDT
Japan inflation-adjusted wages rise for two straight months in July

Japan inflation-adjusted wages rise for two straight months in July

Japan's inflation-adjusted wages rose for two consecutive months in July thanks to a bump in summertime bonuses, government data showed on Thursday. Real wages in the world's...
September 04, 2024 at 07:47 pm EDT
Reports of dollar's demise are greatly exaggerated, JPMorgan says

Reports of dollar's demise are greatly exaggerated, JPMorgan says

Suggestions that the dollar's dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic signs of change in commodity markets and...
September 04, 2024 at 10:50 am EDT
Fed seen more likely to deliver bigger rate cuts as job openings fall

Fed seen more likely to deliver bigger rate cuts as job openings fall

Traders on Wednesday added to bets that the Federal Reserve will deliver a half-a-percentage-point reduction at its next meeting, after data showed job openings in July fell to the lowest level in...
September 04, 2024 at 10:21 am EDT
US job openings fall to 3-1/2-year low in July

US job openings fall to 3-1/2-year low in July

U.S. job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but probably not enough for the Federal Reserve to consider a big interest rate cut this month. ...
September 04, 2024 at 10:19 am EDT
Japan's service activity extends gains in Aug, PMI shows

Japan's service activity extends gains in Aug, PMI shows

Japan's service-sector activity extended gains in August, a private sector survey showed on Wednesday, thanks to an uptick in overseas sales despite a darkening global outlook. The final...
September 03, 2024 at 08:36 pm EDT
US construction spending falls more than expected in July

US construction spending falls more than expected in July

U.S. construction spending fell more than expected in July as higher mortgages and increased supply weighed on single-family homebuilding. The Commerce Department's Census Bureau said on...
September 03, 2024 at 10:27 am EDT
Futures drop as markets brace for data-heavy week

Futures drop as markets brace for data-heavy week

U.S. stock index futures traded lower on Tuesday as caution prevailed ahead of a slew of economic data reports due through the week that could influence the extent of monetary policy easing by the...
September 03, 2024 at 06:19 am EDT
ISM kicks off the dollar's big week

ISM kicks off the dollar's big week

A look at the day ahead in European and global markets from Tom Westbrook Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S. data and, likely,...
September 03, 2024 at 12:39 am EDT
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