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Sterling swallows bitter pill, dollar advances on hawkish Fed speak
By Rae Wee SINGAPORE (Reuters) - The pound languished near a record low on Wednesday on lingering concerns over Britain's radical tax cuts to spur growth, while the dollar edged up after Treasury yiel...
Syndicated Content Sep 27, 2022
Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown
By Casey Hall SHANGHAI (Reuters) - China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is...
Syndicated Content Sep 27, 2022
Fed’s Daly: do not want to tip economy into downturn
(Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is "resolute" about bringing down high inflation but also wants to do so "as gently as pos...
Syndicated Content Sep 27, 2022
Oil prices mixed as Hurricane Ian output cuts support, dollar weighs
By Laila Kearney (Reuters) - Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dolla...
Syndicated Content Sep 27, 2022
Fed to take rates higher than previously expected; more pain ahead – Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal ...
Syndicated Content Sep 27, 2022
BOJ board agreed must be vigilant to sharp yen moves – July mtg minutes
TOKYO (Reuters) - Bank of Japan (BOJ) board members agreed that the central bank must scrutinise how the yen's recent sharp moves could affect inflation, minutes of the BOJ's July policy meeting showe...
Syndicated Content Sep 27, 2022
Biden speaks with Florida Governor DeSantis about Hurricane Ian
WASHINGTON (Reuters) - U.S. President Joe Biden spoke with Florida Governor Ron DeSantis on Tuesday evening and discussed about how the federal government could help the state in preparing for Hurrica...
Syndicated Content Sep 27, 2022
Smithfield Foods to pay $75 million in pork price-fixing settlement
By Jonathan Stempel (Reuters) - Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate price...
Syndicated Content Sep 27, 2022
Saint Laurent heats up Eiffel Tower runway with sizzling Parisian glamour
By Mimosa Spencer PARIS (Reuters) - French fashion house Yves Saint Laurent took to an open-air runway facing the glowing Eiffel Tower to showcase designer Anthony Vaccarello's summer collection of sl...
Syndicated Content Sep 27, 2022
Ford, GM upgrade their heavy-duty pickup profit machines
By Joseph White DETROIT (Reuters) - Ford Motor Co on Tuesday took the wraps off the latest version of its Super Duty pickup, providing a look at how the U.S. automaker will manage one of the biggest c...
Syndicated Content Sep 27, 2022
Peoria, IL, USA
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