NEW YORK (Reuters) – U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. Nonfarm payrolls increased by 339,000 jobs last month,…
By Milana Vinn, Abigail Summerville and David Carnevali NEW YORK (Reuters) – Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen U.S. investment bankers fleeing in the last few weeks, people familiar with the matter said. The bankers have left for…
NEW YORK (Reuters) – U.S. employment increased more than expected in May, but a moderation in wages could allow the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago. Nonfarm payrolls increased by 339,000 jobs last month,…
By Andy Sullivan WASHINGTON (Reuters) – The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit. That’s not likely to happen any time soon. Though the showdown unnerved investors and prompted threats of…
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. Left with barely enough foreign exchange reserves to cover one month’s imports, Pakistan’s government is…
DUBLIN (Reuters) – Ireland’s domestic economy returned to growth in the first three months of the year after a shallow recession, data showed on Friday, and the finance minister said momentum was set to continue as the country hits full employment. Modified domestic demand, the preferred gauge of the Irish economy due to the distorting…
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut on Thursday, as it tries to boost economic growth and lower borrowing costs for the government in the crisis-hit economy. In a sign of confidence that the worst of Sri…
LONDON (Reuters) -Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, according to BofA Global Research data released on Friday, part of a surge of investor interest in artificial intelligence Tech stocks saw $8.5 billion of inflows in the week, BoFa said, citing market data provider EPFR. Stocks in…
ZURICH (Reuters) – The Swiss National Bank is ready to tighten its monetary policy to combat inflationary pressure, which it sees spreading to other across the Swiss economy, Vice Chairman Martin Schlegel said on Friday. The SNB also stood ready to intervene in the currency markets as necessary to ensure its price stability goal of…
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Thursday stopped short of approving Deutsche Bank AG’s $75 million settlement with women who said that Jeffrey Epstein abused them, and that the German bank facilitated the late financier’s sex trafficking. At a hearing in Manhattan federal court to consider preliminary approval…
