One day, secretive job search becomes a darling of the Fed’s eye

WASHINGTON, Nov 29 (Reuters) – As a graduate student at Harvard University in the 1980s, Katharine Abraham tried to fill a gap in US economic data by compiling a labor demand estimate, essentially a best estimate of the number of open jobs in the United States. country. She drew on a patchwork of data, including … Read more

ECB warns of losses as it pays the price for ten years of money printing

FRANKFURT, Nov 29 (Reuters) – The European Central Bank on Tuesday warned it could lose money as high inflation forces it to raise interest rates and pay the bill for a decade of aggressive money printing. After raising interest rates to fight runaway prices, the ECB has to pay huge interest payments to commercial banks … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

Indian Stocks Brave Global Weakness, On Oil Drop To Close At New High

BENGALURU, Nov 28 (Reuters) – Indian stocks rose for a fifth session in a row on Monday, with both benchmark indices hitting record highs, led by profits at oil marketing firms as crude oil prices fell after protests in major Chinese cities against the strict zero -COVID- policy. The NSE Nifty 50 index (.NSEI) rose … Read more

The global oil market is signaling near-term weakness ahead of the EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about reduced crude oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Stocks, Oil Slip as China’s COVID Protests Shake Sentiment

SYDNEY, Nov 28 (Reuters) – Stocks and oil fell sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID restrictions raised concerns about the management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 2.2%, dragged down by major sell-offs in … Read more

Morning offer: crisis in China coming

Nov 28 (Reuters) – A look at the day ahead at Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the main economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people take to the streets in several … Read more

China’s industrial profits continue to fall as COVID woes take its toll on the economy

Jan-Oct industrial profit -3.0% yr/yr versus -2.3% in Jan-Sept Risks of domestic COVID outbreaks and global recession highlighted BEIJING, Nov 27 (Reuters) – Chinese industrial companies saw aggregate profits fall further in the January-October period as COVID-19 outbreaks flared and cities imposed new virus restrictions, including targeted lockdowns, dampening economic activity. Industrial profits fell 3.0% … Read more

Consumer inflation in Japan’s capital is rising at its fastest pace in 40 years

Tokyo Nov core CPI 3.6% higher than f’cast +3.5% Tokyo CPI remains above BOJ’s 2% target for the 6th consecutive month Data underscore rising inflationary pressures TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose in November at the fastest annual rate in 40 years, surpassing … Read more

The arms industry is booming as Eastern Europe arms Ukraine

E.Europe arms companies are ramping up production for Ukraine Hope to find new markets as defense spending rises Can manufacture and service Soviet-era and NATO-standard weapons for Poles, Czechs and major suppliers of military aid to Kiev The history of the industry stretches from 1800 to the Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern … Read more