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Markets
NZD/USD extends gains on upbeat data from New Zealand, China, holds ground above 0.5970
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NZD/USD experienced gains due to New Zealand’s…
Indonesian nickel smelters turn to Philippines for ore as local supply tightens
© Reuters. FILE PHOTO: Hot slag flows from trucks to the dumping site at the nickel processing plant operated by PT Vale Indonesia in Sorowako, South Sulawesi province,…
CIBC to focus less on US office real estate after profit miss By Reuters
© Reuters. A sign for the The Canadian Imperial Bank of Commerce (CIBC) in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio
By Nivedita Balu (Reuters) -…
Oil prices settle higher as traders weigh potential for changes to global supplies
Oil futures settled higher on Thursday, with U.S. benchmark crude recouping a small portion of the losses that pulled prices a day earlier to their lowest…
U.S. inflation rate creeps higher, PCE finds, leaving Fed with more work to do
The numbers: The cost of goods and services rose a mild 0.2% in July, but overall inflation crept higher and remained stuck above 3%. Economists polled by The Wall…
Multiple China banks cut Yuan deposit rates, likely lowering interest rates on existing mortgages
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A slew of China banks cut interest rates on Yuan deposits…
U.S. crude oil stocks down 10.6M barrels, diesel inventory climbs – EIA
© Reuters.
Investing.com -- U.S. fell by 10.6 million barrels last week, according to a government report on Wednesday that showed a third straight week of such inventory…
U.S. stocks are rising to close out August as investors await jobs report By Investing.com
© Reuters.
Investing.com -- U.S. stocks were rising to close out August on a positive note as investors await Friday's jobs report for August.
At 11:03 ET (15:03 GMT), the…
Gold slips but logs first weekly win after four straight losses
Gold prices declined on Friday as the U.S. dollar rose with Treasury yields after Federal Reserve Chair Jerome Powell left the door open to more…
Burger King must answer to claim that Whopper appears bigger on menu than in reality
A U.S. judge has ruled that Burger King must face a lawsuit from plaintiffs who claim its Whopper burger appears larger on menus than it does in reality.…