Fed’s Kashkari: Jobs report shows why more rate hikes needed
WASHINGTON (AP) — The solid U.S. jobs report for October underscores why the Federal Reserve needs to raise interest rates…
November 4, 2022
Auto Parts Maker Magna Trims Sales Forecast On High Costs, Supply Woes
By Priyamvada C (Reuters) -Canadian auto parts maker Magna International Inc lowered its annual sales forecast after missing estimates for…
Putin Signs Decree Allowing Acquisition Of Baker Hughes Russian Assets
(Refiles to fix day of week) (Reuters) – Russian President Vladimir Putin has signed a decree allowing Russian company Nefteservisnie…
Twitter Temporarily Closes Offices As Layoffs Begin
By Sheila Dang, Katie Paul and Martin Coulter (Reuters) -Twitter Inc temporarily closed its offices and cut workers’ access to…
Canada’s Job Blowout Sends Bets Swinging To Oversized Rate Hike
By Julie Gordon OTTAWA (Reuters) -The Canadian economy posted a blowout job gain in October, coming in 10 times higher…
BoE’s Pill Says Rates Need To Rise, But Not To 5.25%
LONDON (Reuters) – The Bank of England needs to raise interest rates further, but not as high as the 5.25%…
Futures Extend Gains In Choppy Trading After Oct Jobs Data
(Reuters) – U.S. stock index futures rose in choppy trading on Friday after an increase in the October unemployment rate…
European Central Bank leader doubles down on rate increases
FRANKFURT, Germany (AP) — The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with…
Major banks support rainforest oil project despite problems
LONDON (AP) — In the Putumayo region of the Colombian Amazon, Segundo Meneses’ daily routine took him to the Chufiya…
US employers are hiring briskly even in face of rate hikes
WASHINGTON (AP) — America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears,…