US business borrowing for equipment rises 16% in May – ELFA

The skyline is seen in Manhattan, New York City, US, August 21, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Register June 23 (Reuters) – US companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) … Read more

US labor market remains tight; business activity slowing

Weekly jobless claims fall 2,000 to 229,000 Continuing claims increase 5,000 to 1.315 million Business activity slows in June; new orders plummet WASHINGTON, June 23 (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation … Read more

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS / Srdjan Zivulovic Register now for FREE unlimited access to Register LONDON, June 23 (Reuters) – Eurozone business growth has slowed significantly this month – and by much more than expected … Read more

European stocks skid on gloomy business activity data, commodity weakness

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 22, 2022. REUTERS / Staff Register now for FREE unlimited access to Register STOXX 600 on pace to confirm bear market European miners at six-month lows Aroundtown slumps after JPMorgan downgrade Norway central bank hikes by 50 … Read more

UK economy ‘running on empty’ as recession signals mount – PMI

A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS / Hannah McKay Register now for FREE unlimited access to Register LONDON, June 23 (Reuters) – Britain’s economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern … Read more

Analysis: Record numbers of Chinese graduates enter worst job market in decades

10.8 mln Chinese graduates to enter job market in weak economy Youth unemployment at 18.4%, 3 times higher than overall rate Graduates’ jobs a top government priority amid stability risks BEIJING, June 23 (Reuters)-Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job … Read more

Get cracking with phasing out remaining Libor, UK watchdog says

Signage for Britain’s Financial Conduct Authority (FCA) regulator is seen at its head office in London, Britain, March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Register LONDON, June 22 (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor … Read more

US Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

US Treasury Secretary Janet Yellen testifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, US, June 7, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Register ROSEBUD, South Dakota, June 21 (Reuters) – US Treasury Secretary Janet Yellen said on Tuesday the department’s new … Read more

Fed’s Bullard: I hope US economy repeats outcome of 1994’s soft landing

St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS / Edgar Su / File Photo Register now for FREE unlimited access to Register June 20 (Reuters) – The US Federal Reserve could raise interest rates swiftly this year and forge a “stellar” economy ahead … Read more

Hong Kong’s new govt retains finance chief in sign of continuity

HONG KONG, June 19 (Reuters) – China unveiled on Sunday new top officials in Hong Kong under incoming leader John Lee, who vowed to take the global financial hub to fresh heights, while shrugging off concerns about sanctions the United States has imposed on him . In a sign of continuity for the financial industry, … Read more