In final midterm push, Biden warns of threats, Trump hints at another run

In final midterm push, Biden warns of threats, Trump hints at another run

YONKERS, NY, Nov 6 (Reuters) – President Joe Biden warned that a Republican win in Tuesday’s midterm elections could weaken US democracy, while former President Donald Trump hinted at another White House bid, two days before votes in which Republicans could gain control of both chambers of Congress. The comments, made at dueling rallies held … Read more

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LONDON, Aug 1 (Reuters) – Factories across the United States, Europe and Asia struggled for momentum in July … Read more

China’s economic wobbles worsen as factory, property woes mount

China's economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Factory activity slows in July vs June – Caixin survey … Read more

Australian inflation speeds to 21-year high, peak still to come

Australian inflation speeds to 21-year high, peak still to come

Q2 CPI rises 1.8% q/q, 6.1% y/y just under forecasts Core inflation up record 4.9% y/y vs RBA target of 2-3% RBA seen hiking 50bps next week, less chance of 75bps SYDNEY, July 27 (Reuters) – Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and … Read more

Fed to unveil another big rate hike as signs of economic slowdown grow

Fed to unveil another big rate hike as signs of economic slowdown grow

US Federal Reserve Chair Jerome Powell takes questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – With the Federal Reserve expected to hike its key … Read more

ECB hikes rates more than flagged in race to tame inflation

ECB hikes rates more than flagged in race to tame inflation

All rates rise by 50 basis points Inflation to stay ‘undesirably’ high ECB backs ‘anti-fragmentation’ tool called TPI ECB ‘can go big’ on that, Lagarde says FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while … Read more