By David Shepardson (Reuters) -The United Auto Workers (UAW) union on Wednesday made a labor contract counterproposal on economic issues to Ford Motor, while Chrysler parent company Stellantis planned[...]
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September 7, 2023
European private loan market falters as corporate credit stress mounts
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a f[...]
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UN chief says global finance system fragmenting; Myanmar crisis worsens
JAKARTA (Reuters) – The world risks a “great fracture” of its economic and financial systems, U.N. Secretary-General António Guterres said on Thursday at a summit with Southeast Asia[...]
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Marketmind: Fed steals focus, stocks sell off
A look at the day ahead in European and global markets from Kevin Buckland The dominating theme in global financial markets is once again central bank policy, and equity investors in particular are wo[...]
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Policymakers see darker days ahead in China as growth sputters
By Divya Chowdhury MUMBAI (Reuters) -Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure-[...]
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Analysis-China’s economic gloom hangs over Japan’s long-awaited recovery
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Policymakers in Tokyo believe China’s deepening economic woes could hit Japan’s fragile recovery, especially if Beijing fails[...]
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Aussie lender NAB to cut 222 back-office jobs, says trade union
By Poonam Behura (Reuters) -National Australia Bank is planning to cut 222 back-office jobs, the Finance Sector Union (FSU) said in an emailed response to Reuters. FSU, a white-collar trade union, sai[...]
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Canada finance minister defends central bank independence after rate comment
(Reuters) – Canadian Finance Minister Chrystia Freeland defended the central bank’s independence on Wednesday after her comments welcoming the Bank of Canada’s decision not to increa[...]
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EM currencies face uphill battle as dollar’s supremacy continues: Reuters poll
By Vivek Mishra and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Emerging market currencies will struggle to reclaim the ground lost this year, as high U.S. Treasury yields and safe-haven dem[...]
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