Investing.com — At an event in Jackson Hole, Wyoming, last month, Fed Chair Jerome Powell suggested that inflation — recently the key focus of a raft of interest rate hikes by…
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By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON (Reuters) – OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in…
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By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee dropped to a record low near the close of trading on Wednesday after yet another rangebound trading session as it stayed…
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Investing.com — BofA Securities clients were net sellers of U.S. equities in the final week of August, with $8.0 billion in outflows, marking the largest weekly exodus since late 2020…
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Investing.com – BCA Research suggests that upcoming rate cuts may arrive too late to counteract an impending recession. In a recent note, BCA pointed out that the effects of monetary…
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Economy News
Exclusive-Chinese fund manager asks staff to return excess pay from past five years, sources say
By Julie Zhu and Selena Li HONG KONG (Reuters) – A top 10 Chinese fund manager has asked senior executives to return pay received over the past five years that…
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Investing.com — After the market reopened following the Labor Day weekend, tech stocks faced significant pressure in a broader risk-off market. However, analysts at Wedbush remain unphased by the latest…
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By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) – Japan’s budget demands hit a record for the next fiscal year, exceeding $800 billion, the finance ministry said on Wednesday, as…
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BERLIN (Reuters) – German exporters are staring down a recession in foreign trade, with sentiment in the sector growing alarmingly dark, the BGA trade lobby group said on Wednesday. For…