Slower U.S. Job Growth Anticipated In September; Labor Market Still Tight
U.S. job growth likely slowed in September as rapidly rising interest rates leave businesses more cautious about the economic outlook, but overall labor market conditions remain tight, providing the Federal Reserve with cover to maintain its aggressive monetary policy tightening campaign for a while.
Oil Steady As Focus Turns To U.S. Economic Data
Oil prices steadied on Friday ahead of key U.S. economic data after rising over 1% in the last session on cuts to OPEC+ production targets.
Japan's Foreign Reserves Drop By Record On Market Shakeout, FX Intervention
Japan's foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen.
South Korea, U.S. Stage Drills With Aircraft Carrier After North Korean Missile Launches
South Korea and the United States began joint maritime exercises with a U.S.
Bank Of Korea To Go For Second Big Hike On Wednesday: Reuters Poll
South Korea's central bank will opt to go big again and hike rates by another half-point next week, pushing borrowing costs higher than earlier predicted to support a weakening won and dull its effect on inflation, a Reuters poll showed.
No Peace For India's Rupee As Mighty Dollar Thunders On: Reuters Poll
India's rupee will trade near its record low against the mighty greenback beyond this year, buffeted by rising oil prices and an aggressive U.S.
Asian Stocks Retreat On Global Recession Angst; Dollar Firm
Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.
Dollar Ascendant As Focus Turns To Jobs Data
The dollar was strongly poised on Friday, buoyed by a chorus of hawkish Federal Reserve speakers and as investors bet a solid jobs data later in the day will keep the world's biggest central bank on its aggressive tightening path to tame inflation.
Analysis-Chip Industry Rethinks Taiwan Risk After Pelosi Visit But Options Limited
Chinese missiles flying over Taiwan and naval drills in the Strait in August that simulated a blockade by China have jolted the semiconductor industry into contemplating what once seemed a remote possibility: war over the major chip-producing island.
Japan Aug Household Spending Rises Annually On Reopening
Japanese households increased spending in August compared with a year earlier as the economy continued to recover from COVID-19 restrictions, but rising prices are clouding the outlook for further gains.
U.S. Bill Pressuring OPEC+ After Oil Production Cut Gains Momentum
Top U.S. senators from both parties on Thursday gave momentum to a bill pressuring OPEC+ after the group this week announced a deep cut in oil production despite lobbying by President Joe Biden's administration to keep the taps open.
Anti-Trump Republican Sasse Suggests He Is Ready To Leave U.S. Senate
Senator Ben Sasse, who voted in 2021 to impeach Donald Trump, suggested on Thursday that he was likely to leave the U.S.
IAEA Chief Says Zaporizhzhia Nuclear Power Plant Is Ukrainian
The head of the U.N. nuclear watchdog described the Zaporizhzhia nuclear power station as Ukrainian on Thursday, challenging President Vladimir Putin's assertion that the plant is now part of Russia.
EU Leaders Turn To Gas Price Caps To End Energy Crunch
European Union leaders will lock horns on Friday over whether and how to cap gas prices, as they attempt to curb a surge in energy prices that threatens to push the 27-nation bloc into recession and disrupt the EU's cherished single market.
Analysis-As China Party Congress Looms, Signals Sought On Easing COVID Policy
The mounting economic toll of China's zero-COVID policy is raising investor hopes that Beijing may finally begin laying the groundwork for the tricky epidemiological and political task of shifting course following this month's Communist Party congress.
IMF Should Issue New Reserves To Help Countries Tackle Overlapping Crises - Groups
The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF's board on Thursday.
Jurors Begin Deliberations In Alex Jones Sandy Hook Defamation Trial
A Connecticut jury began deliberating Thursday in a trial to decide how much conspiracy theorist Alex Jones and his company must pay families of victims of the 2012 Sandy Hook mass shooting for falsely claiming the massacre was a hoax.
Four-member SpaceX Crew Nears Rendezvous With Space Station
A four-member SpaceX Crew Dragon team, including a Russian cosmonaut and the first Native American woman sent to orbit, neared a planned rendezvous with the International Space Station (ISS) on Thursday to begin a five-month science mission.
Proud Boys Member Pleads Guilty To Seditious Conspiracy For U.S. Capitol Attack
A member of the far-right Proud Boys pleaded guilty on Thursday to a charge of seditious conspiracy over his role in the Jan.
Family Of Man Who Died In Police Custody Settles Lawsuit With City Of Rochester
The family of Daniel Prude, a Black man whose March 2020 death under police restraint sparked protests in upstate New York, has agreed to a $12 million wrongful death settlement with the city of Rochester, Mayor Malik Evans said on Thursday.
Elon Musk Seeks To Halt Twitter Lawsuit, Expects Oct. 28 Deal Closing
Elon Musk said banks are working cooperatively to finance his $44 billion deal for Twitter Inc and he asked a judge to halt the social media company's lawsuit against him just days before trial, according to a Thursday court filing.
Exclusive-Samsung, SK Hynix To Be Spared Brunt Of China Memory Chip Crackdown -sources
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing's technological ambitions and blocking its military advances, sources said.
COVID Rebound After Pfizer Treatment Likely Due To Robust Immune Response, Study Finds
A rebound of COVID-19 symptoms in some patients after taking Pfizer's antiviral Paxlovid may be related to a robust immune response rather than a weak one, U.S.
Biden Overhauls U.S. Policy On Marijuana, Pardons Prior Federal Offenses
President Joe Biden took steps to overhaul U.S. policy on marijuana on Thursday by pardoning thousands of people with federal offenses for simple marijuana possession and initiating a review of how the drug is classified.
U.S. Lawmakers Question Saudi Arms Sales As Biden Mulls OPEC Response
Democratic members of the U.S. Congress called for a sharp reduction in military sales to Saudi Arabia, as President Joe Biden on Thursday considered how to respond to plans by OPEC+ nations to cut oil output.
Moody's Says Credit Suisse Could Suffer $3 Billion Loss In 2022
Rating agency Moody's Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level, Moody's lead analyst on the bank told Reuters.
Bosnian Serb Opposition Calls Election 'Rigged', Stages Protest
Thousands of people on Thursday protested in Banja Luka over what they said was a 'rigged' election in favour of pro-Russian nationalist Milorad Dodik in the vote for president of Bosnia's autonomous Serb Republic.
Biden Hails IBM's $20 Billion New York Manufacturing Deal
President Joe Biden on Thursday championed his administration's push to subsidize U.S.
Human Rights Concerns Grow Over Ecuador Prison Riots -U.N. Officials
United Nations human rights officials are concerned about Ecuador's prison violence crisis, they said on Thursday, after yet another riot at a Guayaquil jail left at least 13 inmates dead and more than 20 prisoners and police injured.
U.S. Judge Temporarily Blocks Parts Of New York's New Gun Law
A federal judge in New York on Thursday temporarily blocked parts of the state's new gun law to allow the Gun Owners of America, an advocacy group, to pursue a lawsuit challenging the legislation.
