Asia Stocks Under Pressure, Dollar Strengthens: Markets Wrap
Asian equity futures drifted lower as US stocks fell following economic data that exceeded forecasts, bolstering the case
2023-09-07 07:22
Possible Fed overtightening makes recession more likely than not, Deutsche Bank says
NEW YORK Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a
2023-09-07 06:26
Ex-US prison counselor admits accepting bribe from Galleon's Rajaratnam
By Nate Raymond BOSTON A former correctional counselor at a federal prison in Massachusetts pleaded guilty on Wednesday
2023-09-07 05:19
Oil could hit $107 due to Saudi Arabia's and Russia's supply cuts, Goldman Sachs warns
Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don't unwind their aggressive supply cuts, Goldman Sachs warned its clients.
2023-09-07 04:50
US Senate confirms Jefferson as Fed vice chair; other nominees await votes
By Ann Saphir and Richard Cowan (Reuters) -The U.S. Senate overwhelmingly voted on Wednesday to confirm Philip Jefferson to be
2023-09-07 04:49
US economy grew modestly in recent weeks, Fed survey shows
By Ann Saphir and Michael S. Derby (Reuters) -U.S. economic growth was modest amid a cooling labor market and slowing
2023-09-07 03:55
US lawmaker calls for ending Huawei, SMIC exports after chip breakthrough
By Stephen Nellis The U.S. Commerce Department should end all technology exports to Huawei and China's top semiconductor
2023-09-07 02:45
Astellas withdraws lawsuit challenging Medicare drug price negotiation plans
Japan-based Astellas Pharma on Wednesday withdrew a lawsuit filed against the U.S. government, days after its prostate cancer
2023-09-07 02:21
Bankman-Fried loses bid to get out of jail, appeals court will hear case
By Luc Cohen NEW YORK Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a
2023-09-07 02:18
US extends tariff exclusions on some Chinese categories till end of 2023
WASHINGTON The office of U.S. Trade Representative Katherine Tai on Wednesday announced a further extension of China "Section
2023-09-07 01:47
Detroit UAW workers strike threat tests Biden’s plan to win union votes
By Nandita Bose and David Shepardson WASHINGTON U.S. President Joe Biden's strategy of backing politically crucial unions while
2023-09-07 01:21
IMF expects Saudi GDP growth to slow on extended oil output cuts
By Rachna Uppal and Yousef Saba DUBAI (Reuters) -The International Monetary Fund (IMF) expects GDP growth in Saudi Arabia to
2023-09-06 23:18