Singapore Seen Tightening Monetary Policy As Price Pressures Persist
Singapore is likely to tighten monetary policy this month, the fifth time in a row, amid persistent inflation in the Asian financial hub due to global supply chain disruptions and a tight labour market.
Rate Hike Bonanza Among Major Central Banks Hits Two Decade Peak In September
Major developed central banks delivered in September rate hikes at a pace and scale not seen in at least two decades, ramping up their fight against multi-decade high inflation with little let-up in sight.
Russian Cosmonaut Hitching Ride With SpaceX As Part Of Next Space Station Crew
Elon Musk's rocket company SpaceX was due to launch the next long-duration crew of the International Space Station into orbit on Wednesday, with a Russian cosmonaut hitching a ride with two Americans and a Japanese astronaut as part of the mission.
Fan Loses Wife, Two Teenage Daughters In Indonesia Soccer Stampede
Andi Hariyanto says he will never watch a football match again after his wife, two teenage daughters and a cousin were crushed to death in a stampede at an Indonesian stadium last week.
Factbox-North Korea's Expanding Missile Capabilities
This week's rare North Korean test flight, which sent a missile soaring over Japan, underscored the nuclear-armed state's rapidly advancing arsenal amid stalled denuclearisation talks.
South Korea, U.S. Fire Missiles Into The Sea To Protest 'Reckless' North Korea Test
South Korea and the U.S. military conducted missile drills in response to North Korea's launch of a ballistic missile over Japan, as the United Nations Security Council prepares to meet over what was Pyongyang's longest-range test.
Banks Financing Musk's Twitter Deal Face Hefty Losses
Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses.
Police Say Suspected Serial Killer 'On A Mission' After 6 Murders In California
Police in Stockton, California, on Tuesday released surveillance video footage of a person sought for questioning in connection with a string of six murders and said the crimes could be the work of a serial killer "on a mission."
With Musk Bid Back On, Twitter Employees 'Just Along For The Ride'
Some Twitter employees were engaged in a company-wide planning process for next year on Tuesday when their phones began buzzing with news that Elon Musk had again reversed course in his on-again, off-again $44 billion bid to buy the company.
South Korea's Sept Inflation Slows But Tightening Bias Seen Intact
South Korea's consumer inflation slowed for a second month in September, data showed on Wednesday, but economists said the data would do little to change the central bank's tightening bias amid growing talk it could opt for a bigger hike next week.
New Zealand's Central Bank Lifts Rates To 7-year High In Hawkish Rush
New Zealand's central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy.
Asian Stocks Bounce Higher On Signs Rate Hikes Are Working
Asian stocks rose on Wednesday as investors grew hopeful future global interest rate rises might become less aggressive amid early signs previous policy tightening was working to temper price pressures in some major world economies.
Dollar Nurses Pullback As Traders Glimpse Rate Peaks
The dollar nursed its biggest losses for years on Wednesday, after a dovish central bank surprise in Australia had investors wondering whether a peak is in sight for global interest rates.
OPEC+ Heads For Deep Supply Cuts, Clash With U.S.
OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries to pump more.
U.S. Airlines Reject Lawmakers' Request To Refrain From Share Buybacks
A trade group representing major U.S. airlines rebuffed a request by 70 U.S.
Soccer-U.S. Captain Sauerbrunn Says Responsible Parties In NWSL Abuse Case Must Leave
United States captain Becky Sauerbrunn called for the removal of individuals at the National Women's Soccer League (NWSL) and U.S.
Weakened Truss Doubles Down On 'Different' Message To Spur UK Growth
Prime Minister Liz Truss will on Wednesday press her message that Britain needs "to do things differently" to kickstart stagnant growth, using her first speech to the party faithful as Conservative leader to try to restore her dwindling authority.
Trump Asks U.S. Supreme Court To Intervene Over Seized Classified Records
Former President Donald Trump on Tuesday asked the U.S.
Dallas Fed Says Inflation Surge Badly Eroding Many American's Wage Gains
Americans' wages are losing ground to inflation at a steep rate, a report on Tuesday from the Federal Reserve Bank of Dallas said, a finding that offers some support for the central bank's super-charged campaign to lower price pressures.
Measuring Hurricane Ian's Toll On Florida's 'Forgotten' Neighborhoods
Betty and Hubert Toney have lost count of all the hurricanes they've lived through since moving into their house in the modest Dunbar neighborhood of Fort Myers, Florida, in 1958.
Howard Stern Ex-sidekick 'Stuttering John' Loses Sirius XM Appeal
John Melendez, a former Howard Stern sidekick known by his alter ego Stuttering John, on Tuesday lost his appeal in a lawsuit claiming that Sirius XM Holdings Inc improperly exploited his celebrity on channels dedicated to the radio and television host.
U.S. Oil Groups Urge Biden To Take Fuel Export Ban Off Table -letter
The largest U.S. oil trade groups said on Tuesday that they have "significant concerns" that the Biden administration is considering limiting fuel exports to lower consumer prices and urged top officials to take the option off the table, according to a letter seen by Reuters.
Analysis-Hopes Of Elusive Fed Pivot Drive Markets Higher Once Again
Investors suffering through a bruising year for markets are hoping that recent signs of wobbling economic growth will force the Federal Reserve and other global central banks to take their foot off the gas in the fight against inflation, sparking sharp rebounds in stocks and bonds.
Factbox-Nine U.S. House Races To Watch In The Midterm Election
Control of the U.S. House of Representatives is at stake in the Nov.
Yemen's U.N. Envoy Pushing For Peace Deal After Truce Ends
Yemen's warring parties should revive efforts for a broader deal to end its devastating seven-year conflict, the country's top United Nations envoy said on Tuesday after failed efforts to renew a truce deal on Sunday.
Bridgewater's Dalio Steps Back, But His Philosophy Persists
Ray Dalio is known as much for his unique philosophy as for his investment performance.
Musk Reverses Again, Now Ready To Buy Twitter At Original Price -sources
Billionaire Elon Musk is proposing to go ahead with his original offer of $44 billion to take Twitter Inc private, two sources familiar with the matter said on Tuesday, signaling an end to a bitter legal battle that was about to go to trial.
U.S. Job Openings Drop Sharply, Labor Market Starting To Loosen
U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates aimed at dampening demand and taming inflation.
Fed's Jefferson Says Inflation Is U.S. Central Bank's Most Worrisome Problem
Inflation is the most serious problem facing the Federal Reserve and "may take some time" to address, Fed Governor Philip Jefferson said on Tuesday in his first public remarks since joining the U.S.
Venezuela's Oil Exports In Sept Boosted By Sales To China, Swaps With Iran
More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela's oil exports in September to their third highest level this year, internal documents and tanker tracking data showed.