By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation will slowly ease, two bank sources said on Thursday, a boost for the government ahead of primary elections next month. The South American nation has annual…
WASHINGTON (Reuters) – U.S. job openings dropped in May, but remained at higher levels, indicating that labor market conditions were slowly easing. Job openings, a measure of labor demand, fell 496,000 to 9.824 million by the last day of May, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS…
NEW DELHI (Reuters) -India’s state-run banks are confident of withstanding any macroeconomic shocks and expect their outlook to improve, despite headwinds in the global banking sector, the finance ministry said on Thursday. The asset quality of India’s state-run banks has improved with gross non-performing assets – the measure of a bank’s bad loans – at…
By Safiyah Riddle (Reuters) – American employers slowed downsizing in June, announcing the lowest number of layoffs since October 2022. According to the latest job cuts report from employment firm Challenger, Gray & Christmas released on Thursday, U.S.-based employers said they were cutting 40,709 jobs in June, down 49% from the number of cuts announced…
(Reuters) – Layoffs in the United States nearly halved in June from a month earlier as job cuts in the technology sector fell, according to data from employment firm Challenger, Gray & Christmas Inc. Corporate America has taken to laying off a large number of their workforce, as aggressive interest rate hikes by the Federal…
WASHINGTON (Reuters) – The U.S. services sector grew faster than expected in June as new orders picked up, but a measure of prices paid by businesses for inputs fell to more than a three year low, suggesting that the closely watched services inflation would continue to cool. The Institute for Supply Management (ISM) said on…
LONDON (Reuters) -British police said one child had died and a woman had been arrested after a car collided with a building at a school in south London on Thursday in an incident that also left several others injured. Authorities had earlier said a total of seven children and two adults had been injured after…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Volkswagen said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026. The German automaker, which had previously made a costly bet on Ford’s now closed self-driving car unit, Argo, has been partnering with supplier…
By Alex Lawler and Dmitry Zhdannikov VIENNA (Reuters) – OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown from this year but still an above-average increase, sources close to OPEC said. OPEC’s forecast for 2024 will likely be…
WASHINGTON (Reuters) – The U.S. trade deficit narrowed in May, with imports of goods dropping to their lowest level since late 2021 as higher borrowing costs slow domestic demand. The trade deficit decreased 7.3% to $69.0 billion, the Commerce Department said on Thursday. Data for April was revised slightly to show the trade gap widening…
