By Sheila Dang, Katie Paul and Martin Coulter (Reuters) -Twitter Inc temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed by email about whether they were being laid off. The move follows a week of chaos and uncertainty about the company’s future under new…
By Julie Gordon OTTAWA (Reuters) -The Canadian economy posted a blowout job gain in October, coming in 10 times higher than forecasts, and the jobless rate held steady, official data showed on Friday, with the big beat upping market calls for another oversized interest rate hike. The economy added a net 108,300 jobs last month,…
LONDON (Reuters) – The Bank of England needs to raise interest rates further, but not as high as the 5.25% level which financial markets had priced in before the central bank’s latest rate decision, BoE Chief Economist Huw Pill said on Friday. Pill was giving a presentation to businesses about the BoE’s decision on Thursday…
(Reuters) – U.S. stock index futures rose in choppy trading on Friday after an increase in the October unemployment rate supported expectations that the Federal Reserve could deliver smaller rate hikes starting in December. The Labor Department’s closely watched report showed unemployment rate ticked up 3.7% compared with expectations of 3.6%, while average hourly earnings…
FRANKFURT, Germany (AP) — The head of the European Central Bank underlined the bank’s determination to fight rampant inflation with more interest rate increases on top of record hikes, saying Friday that “our job is far from being completed” and that even a mild recession would not be enough to bring rising prices back under…
LONDON (AP) — In the Putumayo region of the Colombian Amazon, Segundo Meneses’ daily routine took him to the Chufiya river, its banks verdant and waters alive with catfish and piranha. On one morning seven years ago, he noticed a dark film lapping the shore. Where the river turned a bend, it turned to black….
WASHINGTON (AP) — America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation. Friday’s report from the government showed that hiring was brisk across industries last month, though the overall gain declined from 315,000 in September….
(Reuters) – Global equity funds obtained huge inflows in the week ended Nov. 2 as investors were hoping that the U.S. Federal Reserve would consider decelerating the pace of its interest rate hikes, ahead of its policy decision. According to Refinitiv Lipper data, investors purchased a net $13.76 billion worth of global equity funds, marking…
TOKYO (AP) — A Japanese consortium has decided to retain its stake in the new Russian operator of the Sakhalin-1 oil and gas project and is set to notify Moscow, moving to secure stable energy supplies for resource-scarce Japan. “It’s an extremely important project,” Economy and Industry Minister Yasutoshi Nishimura said Friday in welcoming the…
BEIJING (AP) — Chinese officials are trying to quell an outcry over the death of a 3-year-old boy from a quarantined residential compound that added to public anger at anti-virus controls that have confined millions of people to their homes. The boy died at a hospital in Lanzhou of carbon monoxide poisoning blamed on a…
