Analysis-Loonie Bulls Reel As Bank Of Canada Trails Fed On Terminal Rate Bets
As higher borrowing costs slow Canada's outsized housing market, investors are betting the Bank of Canada will raise interest rates to a lower end-point than the Federal Reserve, an outcome that could spell more trouble for the Canadian dollar.
U.S. Challenges American Airlines, JetBlue Alliance At Start Of Antitrust Trial
The U.S. Justice Department on Tuesday urged a judge to force American Airlines and JetBlue Airways to scrap a partnership in the U.S.
Hungary Ends Massive Rate Hikes With One Last 125 Bps Step
The National Bank of Hungary raised its base rate by a larger-than-expected 125 basis points to 13% on Tuesday and ended its more than year-long rate hike cycle amid a slowing economy.
Growth Stocks Lead Bounce On Wall Street After Brutal Selloff
Wall Street's main indexes rose for the first time in six sessions on Tuesday, with megacap growth stocks doing most of the heavy lifting following a bruising selloff on worries of a rate-hike induced economic slowdown.
Stellantis Offers French Workers Bonus Payment To Ease Inflation Pain
Stellantis will provide financial support worth up to 1,400 euros ($1,350) to most of its employees in France and will bring forward salary negotiations to December to counter surging consumer prices, the carmaker said after talks with unions.
U.S. Core Capital Goods Orders Accelerate In August; Shipments Rise
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to spend on equipment despite higher interest rates, which could keep the economy on a moderate growth path.
Climate Change Means The Inuit Do What They've Always Done: Adapt
Rex Holwell has spent his life on the sea ice that forms each winter off the coast of Newfoundland and Labrador in eastern Canada.
What Is Known So Far About The Nord Stream Gas Pipeline Leaks
Unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Germany have prompted investigations by European countries into the cause, including possible sabotage.
Brazil's Inflation Extends Downtrend In Mid-September On Lower Fuel Prices
Brazil's consumer prices extended their trend down in the month to mid-September, government statistics agency IBGE said on Tuesday, as fuel costs continued to drop on the back of lower taxes and price cuts by state-run oil firm Petrobras.
Italy's Election Humbles Former Populist Heroes Salvini And Di Maio
After Italy's last election in 2018, two men embodied the populist wave sweeping the country - Luigi Di Maio and Matteo Salvini, respective leaders of the anti-establishment 5-Star Movement and the right-wing League.
Embattled Emerging Markets Face Fresh Pain From U.S. Rate Hikes
The prospect of U.S. interest rates climbing to levels last seen in the run-up to the global financial crisis has cast a fresh pall over emerging economies that have battled to recover from COVID, grappled with rampant inflation and faced capital flight.
Teachers' Strike And Soaring Fees: Lebanon's Public School Pupils Miss Class
School teacher Claude Koteich, her teenager daughter and 10-year-old son should have all been back in class weeks ago - but a crisis in Lebanon's education sector has left them lounging at home on a Monday afternoon.
After High Profile Sacking, UK Civil Servants Fear For Jobs Under Truss
"Speaking truth unto power" has long been the motto of Britain's civil service, but now some government workers charged with offering ministers impartial advice whatever their party are fearful of their political bosses and are keeping quiet.
Italy's Nexi Surprises Markets With Ambitious Goals
Nexi, Europe's biggest payment firm by volume, on Tuesday said it would increase profits more than markets expected over the next three years and generate around 2.8 billion euros ($2.7 billion) in excess cash.
Aircraft Parts Output Is Being Grounded By Worker Shortages
Canada's Mitchell Aerospace has a booming business - and a shop-floor shortfall that is reverberating from Boeing to Airbus.
Fed's Evans Sees Interest Rates Peaking At 4.50-4.75%
The U.S. Federal Reserve will need to raise interest rates to a range between 4.50% and 4.75%, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank's hardening resolve to quash excessively high inflation.
Bank Of England Says It Won't Take 'Risky Bets' To Help City's Competitiveness
The Bank of England's new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday.
Exclusive-Mexican Regulator Has No Record Of Pemex Reporting Methane Leak, Documents Show
Mexico's environmental regulator has no records of state oil company Pemex reporting a methane leak last December at the country's top oil field, according to the regulator's response to a freedom of information request filed by Reuters.
Taking Aim At Truss, UK Labour's Starmer Unveils 'Centre-ground' Growth Plan
British opposition Labour leader Keir Starmer will on Tuesday lay out his plans to spur economic growth and end what he called a cycle of crisis, saying his party now stood for "sound money" in contrast to the Conservative government.
Iran Security Forces Clash With Protesters Over Amini's Death
Iranian riot police and security forces clashed with demonstrators in dozens of cities on Tuesday, state media and social media said, amid continuing protests against the death of young Iranian woman Mahsa Amini in police custody.
Ireland Aims To Ease Cost Of Living Squeeze With 'Two Budgets In One'
Ireland will deliver what ministers have called two budgets in one on Tuesday, making higher than usual spending increases and tax cuts while also helping firms and consumers pay soaring energy bills and putting funds aside if they need more help.
Tattered UK Gilt Market Stages Tentative Comeback
British government bond prices recovered partially on Tuesday from the historic plunges of previous days when investors unloaded sterling assets at a ferocious pace in response to new finance minister Kwasi Kwarteng's borrowing plans.
Rideshare, Retailers Brace For Tough U.S. Independent Contractor Rule
After weeks of lobbying the White House on how gig workers should be treated, the rideshare, delivery and retail industries are bracing for a new rule that is likely to make it easier to classify them as employees, multiple sources say.
Cops On Brazil's Campaign Trail Call For Backup As Violence Spikes
The day after a Workers Party (PT) official was shot dead by a supporter of far-right Brazilian President Jair Bolsonaro in July, the Federal Police guarding his leftist campaign rival sent a classified memo to senior colleagues across Brazil.
Exclusive-Qatar Conscripts Civilians For World Cup Security - Source
Qatar has called up hundreds of civilians, including diplomats summoned back from overseas, for mandatory military service operating security checkpoints at World Cup stadiums, according to a source and documents seen by Reuters.
Founder Of Oath Keepers Militia Goes On Trial Over U.S. Capitol Attack
The trial of Stewart Rhodes, the founder of the far-right Oath Keepers militia, and four others begins on Tuesday in what will be the most high-profile case so far in the Justice Department's investigation into the Jan.
U.S. State Legislative Races Carry High Stakes For Abortion Access
Maine state Representative Reagan LaRochelle didn't spend much time discussing abortion with voters when she ran for office last year.
U.S. Congress Scrambles To Pass Stopgap Bill To Keep Government Funded
The U.S. Senate will take an initial vote on a stopgap spending measure on Tuesday to keep federal agencies running past the end of this week, while Congress continues to negotiate bills to fund the government through the next fiscal year.
Factbox-Eight U.S. Senate Races To Watch In November's Midterm Elections
Control of the U.S. Senate is at stake in the Nov.
Explainer-How The Biden Administration Could Restrict Independent Contracting
The U.S. Department of Labor is expected to unveil a proposed rule in coming weeks that would make it harder for companies to treat workers as independent contractors, potentially upending the gig economy and other industries that rely heavily on contract labor.