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News
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
10+ hour, 44+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
JetBlue cuts capacity growth forecast on rising fuel costs, weather disruptions | The Mighty 790 KFGO | KFGO
3+ day, 17+ hour ago (241+ words) Sept 10 (Reuters) – JetBlue Airways cut its capacity growth forecast for the third quarter on Thursday after higher fuel costs and weather-related disruptions weighed on operations. The carrier, however, said healthy booking trends continued into September across peak and off-peak periods....
ECB hikes rates as Iran war adds to inflation angst
3+ day, 17+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB raises interest rates to fight off inflation jump
3+ day, 17+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
BOJ may be forced to hike rates rapidly if inflation accelerates, board member Masu says | The Mighty 790 KFGO | KFGO
4+ day, 3+ hour ago (245+ words) FUKUI, Japan, Sept 10 (Reuters) – The Bank of Japan may be forced to raise interest rates rapidly if inflation accelerates as the country’s financial conditions remain accommodative, board member Kazuyuki Masu said on Thursday. A recent spike in producer prices warrants…...
Oil nears $100 as fresh Middle East strikes raise supply risks | The Mighty 790 KFGO | KFGO
5+ day, 5+ hour ago (280+ words) By Sethuraman N R NEW DELHI, Sept 9 (Reuters) – Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions. Brent crude futures rose…...
Hormuz disruptions hitting small businesses hardest, UN trade agency warns
5+ day, 16+ hour ago (350+ words) GENEVA, Sept 8 (Reuters) – Disruptions in the Strait of Hormuz could push small and medium-sized businesses out of global supply chains, increasing economic concentration and weakening the resilience of international trade, the United Nations Conference on Trade and Development said on…...
Colombia 12-month inflation edges up more than expected in August
6+ day, 5+ hour ago (129+ words) BOGOTA, Sept 7 (Reuters) – Colombia’s consumer prices rose 0.39% in August, the country’s DANE statistics agency said on Monday, taking annual price growth to 6.24%. The August figure was above the 0.26% median forecast of analysts polled by Reuters, and higher than the 0.17% recorded…...
Analysis-Why the BOJ will bet small on rate hikes now to avoid a bigger shock later
6+ day, 11+ min ago (917+ words) TOKYO, Sept 8 (Reuters) – The last time Japan’s central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be worth more than the combined real estate…...
Japan July real wages rise 2.4%, biggest gain since 2021
6+ day, 6+ hour ago (294+ words) TOKYO, Sept 8 (Reuters) – Japan’s real wages rose 2.4% in July from a year earlier, marking the biggest increase since May 2021 and the seventh consecutive month of gains, government data showed on Tuesday, signalling that pay trends were gradually recovering. • The solid…...