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A look at the day ahead in European and global markets from Ankur Banerjee Investor nerves remain frayed over the prospect of interest rates staying higher for longer, with a surge in U.S. Treasury yields pulling the dollar to a 10-month peak and driving Asian currencies, the pound and the euro to their lowest in months. Resilient economic data, hawkish Federal Reserve rhetoric, and a budget deficit that will require […]

A look at the day ahead in European and global markets from Ankur Banerjee Investor nerves remain frayed over the prospect of interest rates staying higher for longer, with a surge in U.S. Treasury yields pulling the dollar to a 10-month peak and driving Asian currencies, the pound and the euro to their lowest in months. Resilient economic data, hawkish Federal Reserve rhetoric, and a budget deficit that will require […]

HONG KONG (Reuters) – China’s cyberspace regulator on Wednesday released the first batch of mobile app stores that have completed filing business details to regulators as it enforces a new set of rules to expand oversight on mobile apps. A total of 26 app stores operated by companies including Tencent, Huawei, Ant Group, Baidu, Xiaomi and Samsung have submitted filings to the authority, according to the Cyberspace Administration of China […]

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Hollywood’s writers union said its members could return to work on Wednesday while they decide whether to approve a three-year deal that provides pay raises and some protections around use of artificial intelligence among other gains. The Writers Guild of America (WGA) leadership voted unanimously to end the strike on Wednesday, the guild said in a statement. The 11,500 members have […]

By Ted Hesson (Reuters) – Biden administration officials last year recommended closing or downsizing nine immigration detention centers because of high costs and staffing shortages, a move that could have saved $235 million, a draft U.S. Immigration and Customs Enforcement (ICE) memo reviewed by Reuters shows. But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in […]

By Ted Hesson (Reuters) – Biden administration officials last year recommended closing or downsizing nine immigration detention centers because of high costs and staffing shortages, a move that could have saved $235 million, a draft U.S. Immigration and Customs Enforcement (ICE) memo reviewed by Reuters shows. But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in […]

By Ted Hesson (Reuters) – Biden administration officials last year recommended closing or downsizing nine immigration detention centers because of high costs and staffing shortages, a move that could have saved $235 million, a draft U.S. Immigration and Customs Enforcement (ICE) memo reviewed by Reuters shows. But ICE ultimately only ended contracts with two of the detention centers flagged in the memo. Six of the nine detention centers identified in […]

By Stella Qiu SYDNEY (Reuters) -Australia’s inflation accelerated in August, driven by a surge in fuel prices, but the gain was in line with expectations and a measure of core inflation eased further, lessening any immediate pressure for the central bank to hike interest rates again. The Australian dollar was little changed at around 64 cents and three-year government bond yields eased 3 basis points to 4.029%. Markets also slightly […]

HONG KONG (Reuters) -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, ratcheting up pressure on the embattled developer whose outlook has already darkened significantly this week. Citing people with knowledge of the matter, the report said Hui Ka Yan was taken away by police earlier this month and is being monitored at a designated location. It was not clear why Hui […]