By Ann Saphir (Reuters) – The U.S. Federal Reserve is likely to need to lift the benchmark rate above 5% and keep it there to squeeze too-high inflation out of an economy where the labor market remains strong even after nearly a year of the most aggressive round of Fed rate hikes in 40 years. …
Fed seen hiking policy rate above 5% as job gains surge Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell $2.23, or 2.7%, to $79.94 a …
Oil falls about 3% as strong U.S. jobs data prompt interest rate concerns Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight labor market, and a potential headache for Federal Reserve officials as they fight inflation. The Labor Department’s closely watched employment report on Friday also showed …
U.S. reports blowout job growth; unemployment rate lowest since 1969 Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep hiking interest rates. The Labor Department’s closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last …
By Sam Tobin LONDON (Reuters) -A man caught carrying a loaded crossbow at late Queen Elizabeth’s Windsor Castle home pleaded guilty in a London court on Friday to an offence under the Treason Act and threatening to kill the monarch. Jaswant Singh Chail, 21, said “I am here to kill the queen” when he was …
Man pleads guilty to treason offence, threatening to kill Queen Elizabeth Read More »
By Seher Dareen (Reuters) – Gold prices dropped over 2% on Friday to a more than three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates. Spot gold dipped 2.6% to $1,863.66 per ounce by 1:40 p.m. ET (1840 GMT). U.S. gold futures settled down 2.8% to …
Gold slides over 2% as robust jobs report stokes hawkish Fed fears Read More »
BENGALURU (Reuters) – Indian shares rose on Friday and logged weekly gains, aided by a rise in financials and optimism that the rate hike cycle may be near the end after global central banks hinted at inflation easing, while an intraday rebound in key Adani group stocks added to gains. The Nifty 50 index closed …
By Shristi Achar A (Reuters) – Britain’s internationally focused FTSE 100 briefly hit record high levels on Friday, boosted by gains in energy stocks as well as strength in the dollar after data showed stronger-than-expected U.S. job additions. The commodity-heavy FTSE 100 closed 1.0% higher at 7901.80 points, after touching an all-time level of 7,906.58 …
By James Pearson and Danilo Masoni LONDON/MILAN (Reuters) -A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters on Thursday. ION Group, the financial data firm’s parent company, said in a statement on its website that …
Ransomware attack on data firm ION could take days to fix -sources Read More »
By Sarita Chaganti Singh, Aditya Kalra and Shivam Patel NEW DELHI (Reuters) – Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of …
Adani crisis ignites Indian contagion fears, credit warnings Read More »
