TOKYO (Reuters) – Whoever succeeds Shinzo Abe as Japan’s prime minister will be confronted with growing signs that the job market is deteriorating in an economy laid low by the coronavirus pandemic. Top government spokesman Yoshihide Suga is emerging as a fron... More »
BEDMINSTER, N.J. (Reuters) – President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the coronavirus pandemic, as the United States marked a grim milestone... More »
(Reuters) – After failing to reach a deal with the U.S. Congress for a fresh round of coronavirus pandemic relief, President Donald Trump signed a series of executive orders aimed at pumping up America’s pandemic-hit economy. The orders are likely to face some... More »
(Reuters) – U.S. deaths from the novel coronavirus rose by nearly 1,300 on Tuesday, the biggest one-day increase since May, according to a Reuters tally. California, Florida and Texas, the three most-populous states, reported one-day record spikes in deaths on... More »
WASHINGTON (Reuters) – Enhanced unemployment benefits that the U.S. Congress authorized early in the coronavirus pandemic are due to expire at the end of July and thus far lawmakers have been unable to agree on a measure to extend them. Economists warn that co... More »
WASHINGTON (Reuters) – Top aides to U.S. President Donald Trump said on Sunday they agreed in principle with Senate Republicans on a $1 trillion coronavirus relief package — the party’s opening offer in negotiations with Democrats less than a week before enhan... More »
LONDON (Reuters) – British finance minister Rishi Sunak will try to restart the country’s economy by giving homebuyers a tax break and cutting value-added tax for pubs, restaurants and other hospitality firms, The Times newspaper reported. Sunak is due to anno... More »
LONDON (Reuters) – The Australian dollar fell nearly 2% on Tuesday after China’s education ministry warned students to carefully consider studying there amid tension between the trading partners. The dollar found some footing, rising against tearaway commodity... More »
BRUSSELS (Reuters) – A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than first estimated, the European Union’s statistics office... More »
BEIJING (Reuters) – After a 78-day delay, China’s parliament begins its annual session this week and is expected to unveil stimulus measures to spur an economy battered by the coronavirus as leaders grapple with problems from surging unemployment to worsening ... More »
SHANGHAI (Reuters) – China is expected to stand pat on its benchmark lending rate on Wednesday, after the central bank kept medium-term funding cost for financial institutions steady last week, a Reuters survey of traders and analysts found. Thirty-four respon... More »
LONDON (Reuters) – Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an even bigger hit to come. The monthly drop in gross dome... More »
LONDON (Reuters) – Britain’s government should extend a costly job support programme until the end of the year for retail and hospitality workers hit hardest by the coronavirus, a think tank said on Tuesday, ahead of an expected government announcement. The Re... More »
WASHINGTON (Reuters) – The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round of coronavirus relief legislation, officials said on Sunday, while predicting further U.S. jobs losses in the comi... More »
NEW YORK (Reuters) – U.S. jobless claims have exceeded 30 million since the coronavirus outbreak hit the country, wiping out a decade of job gains and sending many Americans scrambling to find work and cash in on government aid. As part of our weekly #AskReute... More »
TOKYO (Reuters) – The Bank of Japan expanded monetary stimulus on Monday and pledged to buy unlimited amount of bonds to keep borrowing costs low as the government tries to spend its way out of the deepening economic pain from the coronavirus pandemic. The mov... More »
BENGALURU (Reuters) – The euro zone economy is already in its deepest recession on record, according to a Reuters poll of economists, who have stuck to a bleak outlook and worry the downturn might be even worse as coronavirus lockdowns across the bloc take the... More »
LONDON (Reuters) – The number of people in jobs in Britain grew more slowly in March than in February, official figures showed on Tuesday in an early sign of the impact of the coronavirus shutdown which is expected to hammer the jobs market. Growth in the numb... More »
SINGAPORE (Reuters) – Singapore is preparing to house hundreds of foreign workers in accommodation vessels typically used for offshore and marine industry staff as it races to find alternatives to dormitories where the novel coronavirus has been spreading rapi... More »
SEOUL (Reuters) – Kia Motors Corp (000270.KS) told its labour union in South Korea that it wants to suspend operations at three of its domestic factories as the coronavirus outbreak weighs on exports to Europe and the United States, a union official said on Mo... More »
WASHINGTON (Reuters) – A partisan skirmish in the U.S. Senate cut short a Republican effort to speed $250 billion in new assistance to small businesses on Friday, forcing Republicans and Democrats to negotiate over how best to help independent firms reeling fr... More »
LONDON (Reuters) – Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest levels in more than a decade. These moves indicate recent emergency actions by global... More »
WASHINGTON (Reuters) – U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop. The ... More »
(Reuters) – Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system. ... More »
(Reuters) – Bond investor and DoubleLine Capital Chief Executive Jeffrey Gundlach said on Tuesday he believes the coronavirus sell-off is not over yet and that the lows stocks hit in March will be surpassed in April due to uncertainty over the outbreak. “I thi... More »
SYDNEY/HONG KONG (Reuters) – Asian shares slid on Monday as fears mounted that the global coronavirus shutdown could last for months although markets regained some lost ground late in the session with Australia posting a standout jump. U.S. and European future... More »
LONDON (Reuters) – Borrowing costs in the United States, euro zone, Britain and Japan surged on Wednesday after two days in which governments across the globe announced trillions of dollars of spending to support locked-down economies frozen by the coronavirus... More »
LONDON (Reuters) – A rush to sell global bonds in the past week has now rippled into the world of exchange-traded funds with some of the most actively traded seeing the most bulging gaps relative to the value of underlying holdings in years. Exchange-traded fu... More »
NEW YORK (Reuters) – Applications for unemployment insurance are skyrocketing across the United States. In Ohio, the number tripled from last week through Sunday, up to 12,000, according to the state’s governor. Calls to the Unemployment Law Project of Washing... More »
LONDON (Reuters) – U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Bre... More »
SINGAPORE (Reuters) – Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producers. Brent crude fel... More »
LONDON (Reuters) – The euro struggled near 3-year lows on Monday as investors worried about weakening growth in the region, while Chinese efforts to limit the damage from a coronavirus outbreak appeared to calm markets, with the yuan and Australian dollar gain... More »
OSLO (Reuters) – Norway’s consumer prices rose sharply in January from a year earlier, official data showed on Monday, strengthening the crown currency ahead of a major policy speech by the central bank governor on Thursday. Core inflation, a key measure for m... More »
ISTANBUL (Reuters) – Turkey’s consumer price inflation rose a bit more than expected to 12.15% year-on-year in January, official data showed on Monday, climbing for the third consecutive month after a dramatic drop last year. A currency crisis in 2018 sent inf... More »
WASHINGTON (Reuters) – There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the labor market has likely peaked and job gro... More »
JAKARTA (Reuters) – A coalition of trade unions will mobilize thousands of people next week to block the Indonesian government’s plan to relax restrictive labor rules, as President Joko Widodo’s administration is set to hand over a bill to parliament. The prot... More »
LONDON (Reuters) – British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from Brexit and a global trade slowdown caused the sector’s longest decline since the financial crisis. The IHS Markit/CIPS man... More »
BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary. The ECB ha... More »
BOSTON (Reuters) – Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public school system and a focused effort to lift job o... More »
BEIJING (Reuters) – Factory activity surveys in China pointed to slight improvement in September as domestic demand picked up, but analysts believe the gains will be short-lived as the property market cools and Sino-U.S. trade tensions remain elevated. Persist... More »
BEIJING(Reuters) – China’s factory activity unexpectedly expanded at the fastest pace in 19 months in September as plants ramped up production and new orders rose, a private business survey showed on Monday, suggesting a modest recovery in the manufacturing se... More »
NEW YORK (Reuters) – The dollar edged higher while global shares slid on Monday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there. Bond yields across the euro ... More »
WASHINGTON (Reuters) – The European Central Bank’s move to cut interest rates and restart a larger stimulus program drew fast reaction from the White House on Thursday, with President Donald Trump saying the ECB was undercutting the value of its currency and “... More »
WEST ORANGE, N.J. (Reuters) – Megan Helsel, a kayaking wildlife specialist, has her dream job, and T’angelo Magee is making headway toward his, a commercial pilot. Both say work is central to their identity. Both are disabled. Americans with disabilities, phys... More »
OSLO (Reuters) – Norway’s central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow later this year amid solid growth, above-target inflation and currency weakness, a Reuters poll of economists showed. De... More »
LONDON (Reuters) – 1/ READY FOR A SCARY EURO ZONE GDP SHOW? Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June and reports due over the coming week that will hold those concerns up to t... More »
TOKYO (Reuters) – Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recess... More »
LONDON (Reuters) – After almost three years of successfully predicting a global economic revival, world bond markets are furiously flagging the risk of yet another recession, as well as low inflation for a generation. Spooked by the escalating U.S.-China trade... More »
SYDNEY (Reuters) – Australian businesses reported a decent increase in profits for the first three months of the year, supported by surging iron ore prices while higher wages and inventories may have also helped prop up momentum in the slowing economy. Data fr... More »
BENGALURU, (Reuters) – India’s manufacturing sector expanded at its quickest pace in three months in May on improved output and new orders, according to a private business survey which also showed a pick up in hiring. The survey found increased optimism about ... More »
WASHINGTON (Reuters) – The Great Recession ended a decade ago this month, but for the U.S. Federal Reserve the fallout has posed an era-defining choice: Either jolt Americans to expect higher inflation, or keep the printing press ready for the next economic sl... More »
LONDON (Reuters) – The Australian dollar surged on Monday and is on track for its biggest rise this year as investors cheered a shock election win by Prime Minister Scott Morrison’s conservative coalition, though mixed global stocks broadly weighed on risk app... More »
SYDNEY (Reuters) – Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison’s center-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 19... More »
NEW YORK (Reuters) – It looks like something has to give in global markets. Stocks and bonds around the world have rallied atypically together since the start of the year, rewarding investors both bullish and bearish on the direction of global growth. The main... More »
WASHINGTON (Reuters) – U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter. The economic outlook... More »
PARIS (Reuters) – French consumer confidence jumped in February to its highest level since “yellow vest” protesters started their weekly demonstrations, as households took heart in an improvement in their finances and unemployment fears receded. The reading of... More »
LONDON (Reuters) – France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB... More »
BRUSSELS (Reuters) – Unemployment in the euro zone unexpectedly fell in November to its lowest rate in more than ten years, official estimates released on Wednesday showed. The EU statistics office Eurostat said unemployment in the 19-country currency bloc dro... More »
WASHINGTON (Reuters) – The head of the U.S. Federal Reserve faces no risk of losing his job and President Donald Trump is happy with his Treasury secretary, a White House official said in an apparent attempt to calm Wall Street nerves frayed by Trump’s critici... More »
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ CURVE-BALLS With major parts of the U.S. economy visibly slowing, the Treasury market has reacted in a... More »
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell’s testimony to Congress’s Joint Economic Committee on Wednesday has been postponed and will be rescheduled at a later date, the committee said Monday. Powell was slated to discuss the economic outlo... More »
DUBLIN (Reuters) – Irish tourism grew by 6.7 percent in the first half of the year, data showed on Thursday, as British visitors began to shrug off a weak pound that has made trips to the euro zone more expensive since the vote to leave the European Union in J... More »
FRANKFURT (Reuters) – The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlant... More »
BERLIN (Reuters) – The mood among German investors slumped in July to its lowest since August 2012, a survey showed on Tuesday, soured by concerns about escalating trade tensions with the United States. The ZEW research institute said its monthly survey showed... More »
WASHINGTON (Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. Non... More »
(Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. Nonfarm payrol... More »
NEW YORK (Reuters) – The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge — wage growth — rose less than forecast, while the unemployment rate increased. Nonfarm payrolls ad... More »
LONDON (Reuters) – May was a manic month for markets but brace yourself for June. An unprecedented summit between North Korea and the United States is back on the agenda, and there are other events on the radar to potentially convulse world markets — from Turk... More »
GENEVA (Reuters) – Poverty in the United States is extensive and deepening under the Trump administration whose policies seem aimed at removing the safety net from millions of poor people, while rewarding the rich, a U.N. human rights investigator has found. P... More »
TOKYO (Reuters) – Japan’s jobless rate held steady in April and the availability of jobs also remained unchanged, government data showed on Tuesday. The seasonally adjusted unemployment rate stood at 2.5 percent, the Internal Affairs ministry said. The result ... More »
BERLIN (Reuters) – German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade, data showed on Tuesday, but analysts called it a blip and predicted Europe’s biggest economy would shift into a higher gear again. ... More »
SYDNEY (Reuters) – Damaging revelations of widespread misconduct in Australia’s banking sector could hurt house price growth and household spending, the country’s central bank said on Tuesday in a fresh signal that rates will stay at record lows for some time.... More »
LONDON (Reuters) – Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them. WHAT’S THE PRICE 1/The Federal Reserve has acknowledged U.S. inflation has perked up, adding t... More »
SINGAPORE (Reuters) – The dollar held steady against a basket of currencies on Friday, having retreated from four-month highs on profit-taking, with the focus on whether U.S. jobs data will provide the spark for another push higher. The dollar has erased all i... More »
WASHINGTON (Reuters) – U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent. The Labor Department’s closely watched employment r... More »
WASHINGTON (Reuters) – Business is coming in so fast and workers are in such high demand at AOW Associates Inc, an Albany, New York-based construction firm, that its chief financial officer hired a guy six weeks ago for a job that didn’t exist. “We keep our pr... More »
WASHINGTON (Reuters) – The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic pr... More »
BEIJING (Reuters) – China’s efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by the simmering trade dispute with the United States, economists warn. This was the year that Beijing was expected to step... More »
LONDON (Reuters) – Business activity across the euro zone was still growing as the second quarter began, but at a more modest rate than around the turn of the year, a survey showed on Monday. The euro zone unexpectedly was one of the best-performing major econ... More »
WASHINGTON (Reuters) – The massive tax cuts signed into law in December, which Republicans said would pay for themselves, will balloon the U.S. deficit in years ahead, the Congressional Budget Office said on Monday, possibly hobbling President Donald Trump’s f... More »
FILE PHOTO – Workers of planemaker Airbus stand in front of the main entrance during a 24-hour strike of German Metal Workers Union IG Metall in Hamburg-Finkenwerder, Germany, February 2, 2018. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Industrial workers and... More »
Newly hired employees take a break from training to pose for a group photo at the chain’s soon-to-open 54th outlet in Oakland, California ,U.S., January 24, 2018. REUTERS/Ann Saphir OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for... More »
BMW workers during a 24-hour strike by German industrial trade union IG Metall in Berlin, Germany, February 2, 2018. Placard reads “6% more, we find fair”. REUTERS/Christian Mang FRANKFURT (Reuters) – Car factories across Germany were at a standstill on Friday... More »
French President Emmanuel Macron in Saint-Genes-Champanelle, France, January 25, 2018. REUTERS/Thierry Zoccolan/Pool PARIS (Reuters) – Investors are banking on an economic renewal under President Emmanuel Macron to beat broader European benchmarks, sparking a ... More »
FILE PHOTO: Audi cars are parked in front of the company’s headquarters in Ingolstadt, Germany, March 15, 2017. REUTERS/Lukas Barth HAMBURG (Reuters) – Workers at carmakers Audi (NSUG.DE) and BMW (BMWG.DE) staged further strikes on Friday but German labor lead... More »
ANKARA (Reuters) – Turkey on Friday reinstated more than 1,800 civil servants purged after a 2016 failed coup, determining they had no links to the network of a cleric accused of masterminding the putsch, state-run Anadolu news agency said. Prosecutors last ye... More »
FILE PHOTO: Workers prepare their store for customers at a newly built Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Walmart’s tit-for-tat minimum wage battle with... More »
A customer sits at a table behind a window displaying an employment sign in a cafe located in central Sydney, Australia, April 12, 2017. REUTERS/Steven Saphore SYDNEY (Reuters) – Job vacancies in Australia climbed to their highest on record in the three months... More »
A shopper (L) checks items inside a shoes shop at Shibuya shopping and amusement district in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato TOKYO (Reuters) – Japan’s consumer prices were expected to rise fractionally for an 11th straight month in November, a R... More »
Brochures are displayed for job seekers at the Construction Careers Now! hiring event in Denver, Colorado U.S. August 2, 2017. REUTERS/Rick Wilking WASHINGTON (Reuters) – U.S. job growth likely increased at a strong clip in November and wages rebounded as the ... More »
The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren (Reuters) – Canada’s main stock index futures were little changed on Friday as investors awaited GDP and jobs data. The gross domestic product report, due a... More »
FILE PHOTO: New York Fed President William Dudley takes part in a panel convened to speak about the health of the U.S. economy in New York, U.S. on November 18, 2015. REUTERS/Lucas Jackson/File Photo (Reuters) – New York Federal Reserve President William Dudle... More »
Japan's industrial production was expected to show a fall in September after solid gains the previous month, a Reuters poll found, although analysts say the trend remains upward thanks to expanding global demand. More »
Singapore's labor demand is expected to improve in the near term but accumulated slack in the market will take time to be absorbed and wage pressures are unlikely to build up rapidly, the central bank said on Friday. More »
Members of the Bank of England interest rate setting committee were speaking in parliament on Tuesday. They also supplied statements to the Treasury Committee. Below are some of their comments: More »
Business activity in China's services sector grew at its slowest pace in 21 months in September as the pace of new business cooled, a private survey showed. More »
U.S. job growth probably slowed further in September as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. More »
The dollar hit seven-week highs versus a basket of currencies on Friday, supported by hopes for progress on U.S. tax reforms, while sterling was under the gun on worries over a possible leadership battle in the British government. More »
Companies in Japan's service industries are struggling to hire and retain staff as the labor market becomes the tightest in decades, and are increasingly taking unorthodox steps to alleviate the shortage. More »
Germany's jobless rate fell to a new record low in September and the number of unemployed people fell far more than expected but retail sales disappointed, sending mixed signals about the state of Europe's largest economy. More »
