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China’s forex reserves rise more than expected in August
1+ week, 7+ hour ago (106+ words) hi99.com China’s forex reserves rise more than expected in August BEIJING, Sept 7 (Reuters) – China’s foreign exchange reserves rose more than expected in August, central bank data showed on Monday, as the dollar extended its weakness. The country’s foreign exchange reserves…...
UBS forecasts two US Fed rate hikes in 2026 after strong jobs report
1+ week, 7+ hour ago (199+ words) Sept 7 (Reuters) – UBS expects the Federal Reserve to raise interest rates by 25 basis points each in September and December, after a stronger-than-expected U.S. jobs report reinforced views of a resilient labor market. The brokerage had previously expected no policy…...
Trump to meet with travel industry CEOs on tourism push
1+ week, 5+ day ago (355+ words) WASHINGTON, Sept 2 (Reuters) – U.S. President Donald Trump will meet with major travel company executives on Wednesday including representatives from American Airlines, Marriott, MGM Resorts and Carnival amid a decline in international visitors. U.S. tourism got a big boost from…...
BOJ chief signals chance of September rate hike, debate on price risks
1+ week, 5+ day ago (623+ words) ASHEVILLE, North Carolina, Sept 1 (Reuters) – The Bank of Japan will debate raising interest rates including in September with a focus on whether inflationary risks were heightening, its governor Kazuo Ueda said on Tuesday, signalling a strong chance of a hike…...
Bessent urges BOJ chief to combat weak yen with ‘decisive’ monetary steps
1+ week, 5+ day ago (552+ words) By David Lawder and Leika Kihara ASHEVILLE, North Carolina, Sept 1 (Reuters) – U.S. Treasury Secretary Scott Bessent voiced strong support for “decisive” monetary steps to combat yen weakness in a meeting with Bank of Japan Governor Kazuo Ueda, the Treasury Department…...
Boeing, engineers union to resume contract negotiations on Sept 8, union says
1+ week, 6+ day ago (129+ words) SEATTLE, Aug 31 (Reuters) – Negotiators from Boeing and the union representing engineers and technical workers in Washington and other states will resume contract talks on September 8, the union announced on Monday. Talks ended after members of the Society of Professional Engineering…...
Brazil may make spending on some social programs non-mandatory, finance minister says
1+ week, 6+ day ago (309+ words) BRASILIA, Aug 31 (Reuters) – Brazil’s Finance Minister Dario Durigan said on Monday that some social programs could eventually cease to be purely mandatory expenditures, a move he said would give policymakers greater flexibility in managing the federal budget. Durigan said at…...
German unions warn of massive opposition in turnaround dispute with Volkswagen
1+ week, 6+ day ago (406+ words) By Rachel More and Christina Amann DRESDEN, Germany, Aug 31 (Reuters) – Germany’s largest union, IG Metall, on Monday warned of maximum resistance to any efforts by Volkswagen to unwind a previously agreed restructuring package, stopping short of threatening strikes ahead of…...
South Korea proposes record $597 billion 2027 budget to supercharge AI investment
1+ week, 6+ day ago (544+ words) By Cynthia Kim, Joyce Lee and Heejin Kim SEOUL, Sept 1 (Reuters) – South Korea on Tuesday unveiled its most aggressive fiscal spending plan on record, setting total government expenditure for 2027 at 821 trillion won ($596.92 billion) to strengthen the country’s technological edge amid…...
Yen hangs near 160 amid BOJ rate-hike bets, dollar wobbles
1+ week, 6+ day ago (552+ words) SINGAPORE, Sept 1 (Reuters) – The yen steadied near the 160-per-dollar level on Tuesday after U.S. Treasury Secretary Scott Bessent ramped up pressure on the Bank of Japan to hike rates later this month, while currency markets kept a wary watch on…...