IPR

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

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New orders lift Saudi non-oil business activity growth to 4-month high-PMI

DUBAI, Nov 5 (Reuters) – Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index rose … Read more

US labor market loosens as job gains slow, unemployment rate hits 3.9%

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US labor market loosens as job gains slow, unemployment rate hits 3.9%

Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more

Dollar up as data highlights US economic resilience; yen slumps

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Dollar up as data highlights US economic resilience; yen slumps

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 22 (Reuters) – The U.S. dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the globe highlighted the … Read more

Dollar firmer on solid US data; China’s yuan tumbles to 16-year low

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Dollar firmer on solid US data; China’s yuan tumbles to 16-year low

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights Dollar index hits six-month peak U.S. jobless claims come in better than expected U.S. productivity rises less than forecast China’s onshore yuan hits 16-year low NEW YORK, … Read more

US economy grew modestly in recent weeks, Fed survey shows

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US economy grew modestly in recent weeks, Fed survey shows

[1/2]A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger Acquire Licensing Rights Sept 6 (Reuters) – U.S. economic growth was modest amid a cooling labor market and slowing inflation pressures in July and August, a Federal Reserve report published on Wednesday showed, … Read more

Shares jump as Nvidia results shine, bond yields retreat

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Shares jump as Nvidia results shine, bond yields retreat

Weaker than expected euro zone data sends euro lower Nvidia jumps in trading after the bell on bullish forecast Investors eye Powell’s Jackson Hole speech Japanese yields hit new high, yen still in intervention zone U.S. Treasury yields pull back further from 16-year highs NEW YORK/LONDON, Aug 23 (Reuters) – The euro clung to a … Read more

Asia stocks stall, yuan slips as China cuts rates

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Asia stocks stall, yuan slips as China cuts rates

A woman walks past a man examining an electronic board showing Japan’s Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo China cuts short-term rates Japan GDP beats expectations, Nikkei jumps MSCI Asia ex-Japan index falls 0.2% SYDNEY, Aug 15 (Reuters) – Asian stockmarkets were pinned near one-month … Read more