ECON

US weekly jobless claims at nine-month low; productivity accelerates

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the …

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US job openings increase to five-month high as labor market stays tight

Job openings increase 572,000 to 11 million in December Manufacturing activity slumps further in January Private payrolls increase by 106,000 in January WASHINGTON, Feb 1 (Reuters) – US job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, which could keep the Federal …

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Wall Street dips as Fed decision looms; AMD boosts chipmakers

Fed’s rate decision expected at 1400 ET AMD expects strong second half of 2023 Amgen weighs on Dow as Q4 revenue falls slightly EA cuts bookings view, shares slide Indexes down: Dow 0.64%, S&P 0.26%, Nasdaq 0.15% Feb 1 (Reuters) – US stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest …

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Spanish factory output slides for 7th straight month in Jan -PMI

MADRID, Feb 1 (Reuters) – Factory activity in Spain kept on shrinking in January even though inflationary pressures eased and business confidence strengthened, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing rose to 48.4 in January from 46.4 in December, but still remained below the 50.0 mark that separates growth …

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Irish manufacturing ekes out growth in Jan as confidence builds – PMI

DUBLIN, Feb 1 (Reuters) – Irish manufacturing activity eked out growth in January after two months of contraction, boosting confidence in the sector as cost pressures also eased markedly, a survey showed on Wednesday. The AIB S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 from 48.7 in December. The November-December contraction was the …

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Disillusioned at home, super-rich Chinese set their sights on Singapore

SINGAPORE, Jan 31, (Reuters) – Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that studying at a university in the Asian financial hub will lead to permanent residency and while the 26-year-old hits the books, his wife is out looking for a S$5-7 …

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China central bank to roll over lending tools to spur growth

BEIJING, Jan 29 (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a lending tool for promoting …

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Ghana and capital market operators agree on domestic debt exchange terms

ACCRA, Jan 27 (Reuters) – Ghana’s government and the Ghana Securities Industry Association (GSIA) have reached an understanding on the terms of participation by capital market operators in the country’s domestic debt exchange (DDE) programme, they said on Friday. Crisis-hit Ghana has to restructure its mountain of debt in order to access a relief package …

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