ECO

US job vacancies rise to five-month high as labor market remains tight

Job creation increased by 572,000 to 11 million in December Manufacturing activity continued to decline in January Private payrolls rose by 106,000 in January WASHINGTON, Feb 1 (Reuters) – U.S. job vacancies unexpectedly rose in December, showing that demand for labor remains strong despite higher interest rates and growing recession fears, which could keep the …

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Analysis: Italy promotes short-term work market, avoiding Spain’s example

Italy’s new prime minister Meloni wants fewer restrictions on employers Expand the use of “vouchers” for work Unions say workers face ‘instability trap’ Spain took the opposite route with good results ROME, Jan 31 (Reuters) – Marta Pizza, a 26-year-old swimming instructor, has worked at a sports center in Rome for the past two years, …

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Breakingviews: Adani Raises India Emerging Markets Risk Again

HONG KONG/MUMBAI, Jan 31 (Reuters Breakingviews) – India is making its way onto global investors’ maps. How the country’s financial authorities handle the sell-off of $65 billion in Gautam Adani’s eponymous infrastructure empire after an onslaught of short selling could determine how soon the country establishes itself as a reliable investment destination. The World Bank …

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US stocks fall on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trading Southwest Airlines falls 5.2% after government takeover Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes finished lower on Wednesday, with the Nasdaq hitting a 2022 closing low as investors grappled with mixed economic data, rising COVID cases in China and …

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The US labor market remains tight; the housing recession continues

Weekly jobless claims fell 15,000 to 190,000 Continuing claims rose by 17,000 to 1.647 million Newly built single-family homes grew by 11.3%; permits fall 6.5% WASHINGTON, Jan 19 (Reuters) – The number of Americans filing new claims for jobless benefits unexpectedly fell last week, pointing to another month of solid job growth and continued labor …

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The BOJ defied market bets on policy adjustments, sending the yen tumbling

BOJ keeps interest rate targets, yield range intact BOJ increases market operations tool, signals YCC status quo The board raises inflation forecasts but cuts growth forecasts TOKYO, Jan 18 (Reuters) – Japan’s central bank on Wednesday kept interest rates ultra-low, including a cap on bond yields that it has struggled to defend, defying market expectations …

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Bain Capital explores Virgin Australia IPO as aviation market improves

SYDNEY, Jan 16 (Reuters) – Bain Capital said on Monday it is looking to relist airline Virgin Australia in a move that will come as the local aviation market rebounds strongly from pandemic lows. The listing of Australia’s second-largest carrier is likely to be one of the country’s biggest initial public offerings (IPOs) in 2023, …

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