By Harry Robertson LONDON (Reuters) – Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S.[...]
Read moreUpdated
European shares end higher as Fed Chair Powell backs September rate cuts
By Pranav Kashyap and Shashwat Chauhan (Reuters) -Europe’s STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets advanced after Federal Reserve Chair Jerome Po[...]
Read moreKamala Harris says she will aim to pass middle class tax cut as president
By Nandita Bose and Kanishka Singh CHICAGO (Reuters) -Democratic presidential candidate Kamala Harris said in her Democratic National Convention speech on Thursday that as president she will aim to pa[...]
Read moreSouth African rand jumps as Fed’s Powell signals lower rates
JOHANNESBURG (Reuters) -The South African rand jumped on Friday, after comments by Federal Reserve Chair Jerome Powell signalled an interest rate cut next month. At 1520 GMT, the rand traded at 17.71[...]
Read moreSterling climbs to highest since March 2022 against dollar
(Reuters) – Sterling climbed to a more than two-year high on the dollar on Friday, on recent signs of strength in the UK economy and dovish comments from Federal Reserve Chair Jerome Powell that[...]
Read moreGrocery stores boost donations as Democrats criticize their business practices
By Bo Erickson WASHINGTON (Reuters) – The level of political donations from major food companies accepted by Democratic lawmakers has ticked higher this congressional election cycle, even as man[...]
Read moreCanada June retail sales down 0.3% as rates weigh; likely up in July
By Promit Mukherjee OTTAWA (Reuters) -Canada’s retail sales dropped in June, data showed on Friday, as consumers continued to feel the impact of high interest rates and cut back on discretionary[...]
Read moreFactbox-Brokerages predict September rate cut as market braces for Powell speech
(Reuters) – Most brokerages have forecast a 25 basis points interest rate cut by the U.S. Federal Reserve in September, even as financial markets strap in for clearer cues from Chair Jerome Powe[...]
Read moreJapan’s core inflation picks up, but demand-driven growth below 2%
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japan’s core inflation accelerated for a third straight month in July, data showed on Friday, but a slowdown in demand-driven price growt[...]
Read more