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Dollar eases after strong labor market reports

Dollar eases after strong labor market reports

Jul 6, 2023 | Asia, Australia, Business, Canada, Economy, Europe, UK, US

By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest...
Stocks drift as investors balance peak rate hopes with oil price rise

Stocks drift as investors balance peak rate hopes with oil price rise

Jul 4, 2023 | Asia, Australia, Business, Economy, Europe, US

By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession....
Exclusive-Tesla standard: BTC Power joins move to add to EV chargers

Exclusive-Tesla standard: BTC Power joins move to add to EV chargers

Jun 20, 2023 | Asia, Australia, Business, Technology, US

By Abhirup Roy SAN FRANCISCO (Reuters) – BTC Power will add Tesla’s standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through the industry by adopting the...
Stocks rally stalls, eyes on Powell testimony for US rate clues

Stocks rally stalls, eyes on Powell testimony for US rate clues

Jun 19, 2023 | Asia, Australia, Business, Economy, Europe, Top News, US

By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s...
Shares steady on hopes for rate-hike hiatus in June

Shares steady on hopes for rate-hike hiatus in June

Jun 5, 2023 | Asia, Australia, Business, Economy, Europe, Top News, US

By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates in June after data last week showed slowing U.S. wage growth, while oil...
Nvidia fuels Wall Street gains; gold falls to two-month low

Nvidia fuels Wall Street gains; gold falls to two-month low

May 25, 2023 | Asia, Australia, Business, Economy, Europe, US

By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Progress on U.S. debt ceiling talks bolstered global equities and sent gold prices to a two-month low on Thursday, as forecast-smashing revenue from chipmaker Nvidia fueled a rally in AI-related companies....
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