By Curtis Williams and Nia Williams HOUSTON (Reuters) – A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers. There are eight export projects now under way that when completed would add…
By Michelle Price WASHINGTON (Reuters) – Embattled by a U.S. Securities and Exchange Commission (SEC) crackdown, crypto companies are making a renewed push on Capitol Hill to drum up support for legislation they hope will rein in the agency and provide regulatory clarity for the industry. The Blockchain Association, Chamber of Digital Commerce, Crypto Council…
By Steve Scherer OTTAWA (Reuters) – The Bank of Canada (BoC) is heading toward a second consecutive quarter-point interest rate hike on Wednesday after a month of economic data revealed resilient growth, a stubbornly tight labor market and sticky underlying inflation, analysts said. In June, the central bank raised its overnight rate to a 22-year…
A look at the day ahead in U.S. and global markets from Mike Dolan Last week’s bond market storm calmed somewhat on Monday, but the interest rate horizon now relies heavily on evidence of more disinflation given economic activity and the labor market are holding up so well. With Wednesday’s U.S. consumer price report expected…
By Hilary Russ NEW YORK (Reuters) – Pro-union baristas at Starbucks are taking their campaign on the road on Monday and trying a new tactic along the way: asking the coffee chain’s customers to organize pickets at non-unionized U.S. cafes. The Workers United union plans to hand out flyers during a 13-city bus tour to…
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – India’s inflation likely snapped a four-month decline in June as food prices surged, a Reuters poll of economists found, making a cut in interest rates unlikely any time soon, while the Reserve Bank of India is also expected to resist pressure to raise rates. “We believe…
BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending. Car sales in June totalled 1.91 million units, down 2.9% from last year, CPCA data showed. It was the first monthly…
SHANGHAI (Reuters) – China’s IPO applications slumped by a third in the first half of 2023, as earnings volatility, a slowing economy and tighter regulatory scrutiny deterred potential candidates. Chinese exchanges, which vet initial public offering (IPO) plans, accepted around 330 new applications during the period, down from more than 500 a year earlier, exchange…
By Leika Kihara TOKYO (Reuters) -Many regional areas of Japan saw small and mid-sized firms aggressively raise wages, reflecting intensifying labour shortages, the Bank of Japan (BOJ) said on Monday, underscoring its growing conviction that wage hikes were broadening. In a quarterly report, the central bank also said some firms were considering raising the prices…
BERLIN (Reuters) – Investor morale in the euro zone sank more than expected in July, hitting a low not seen since Europe’s energy crisis last November, as the currency union remains in recession mode with no indications things will improve, a survey showed on Monday. Sentix’s index for the euro zone tumbled to -22.5 points…
