By Marc Jones LONDON (Reuters) – Stock markets were sluggish and the dollar and bond yields shuffled higher on Thursday as the likelihood of a further jump in global borrowing costs, including a possible 100 basis point U.S. rate hike next week, kept the bears on the prowl. With recession worries still nagging, Wall Street…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. Applications for jobless aid for the week ending Sept. 10 fell by 5,000 to 213,000, the Labor Department reported Thursday….
(Reuters) – U.S. stock index futures struggled for direction on Thursday after lackluster trading in the previous session as investors awaited a slew of economic data that could provide more clarity on the Federal Reserve’s monetary policy tightening path. Wall Street’s main indexes closed slightly higher on Wednesday after wavering throughout the session as an…
BRUSSELS (AP) — European Union lawmakers on Thursday said that Hungary’s nationalist government is deliberately trying to undermine the bloc’s democratic values and they deplored the failure of the 26 other EU countries to take action that would bring the country back into line. In a resolution that passed in a 433-123 vote, with 28…
By Conor Humphries DUBLIN (Reuters) -Ryanair apologised on Thursday for blocking media access to its Annual General Meeting, saying it happened by mistake, but said it would continue to prevent access to one journalist from an Irish newspaper. Reporters who understood they were being brought to the Annual General Meeting room, which is normally open…
By Hannah Lang (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or…
DUBLIN (Reuters) -Ryanair blocked media from attending its Annual General Meeting on Thursday, informing reporters as they arrived for the event that they would not be given access. Reporters who understood they were being brought to the meeting room, were told they were being brought to a media room instead and that Chief Executive Michael…
KYIV, Ukraine (AP) — Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskyy are each courting major allies on Thursday, seeking to prop up their efforts in a war whose fortunes have tilted toward Ukraine in recent days. In Uzbekistan’s ancient Samarkand, Putin was hoping to break through his international isolation and further cement his…
BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street’s benchmark S&P 500 index lost 1.1% on Thursday, adding to declines since this week’s release…
By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar held near recent peaks on Thursday, supported by expectations the U.S. Federal Reserve will continue to tighten policy aggressively as it tries to curb inflation, while the yen faltered after jumping sharply the day before. The dollar was up 0.28% against the yen at…
