Description: Bonds rallied, U.S. stock futures rose and the dollar eased in early trade on Monday as investors cheered the appointment of fund manager Scott Bessent as the next U.S. Treasury secretary, figuring he would be a voice for markets…
Description: Major global companies have boosted hiring for professional roles as they enter the final quarter of the year, especially in retail, technology and healthcare, but demand for financial services recruits is more sluggish, a survey showed on Tuesday. Job…
Description: Australian business confidence rebounded to its highest in almost two years in October as sales proved resilient and pressure on input costs eased, a survey showed on Tuesday. The survey from National Australia Bank (NAB) showed its index of…
Description: Australia’s consumer price inflation rate fell to its lowest since early 2021 in the third quarter on government rebates on electricity and a drop in gasoline, while a drop in core inflation supported the case for an eventual cut…
Description: The yen hit a three-month low on Monday as Japan’s ruling party lost its parliamentary majority, while oil tumbled after Israel’s weekend strike on Iran bypassed oil or nuclear targets. Japan’s Nikkei (.N225), after initially falling, rose 1.6% and…
Description: The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers. Asian stocks were…
Description: The World Bank and the Inter-American Development Bank (IDB) are providing Argentina with $8.8 billion in financing, the South American country’s economy ministry announced on Wednesday, as the cash-strapped government ramps up support from key lenders. The announcement follows…
Description: Asian shares fell on Thursday, while the dollar held near three-month highs and U.S. yields rose as uncertainty over the U.S. election outcome kept markets on edge, though Tesla’s forecast-topping earnings provided some comfort for investors. The combination of…
Description: If Donald Trump wins next month’s U.S. presidential election, Mike Sagan’s toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China…
Description: Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead…
