TOPNWS

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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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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Adani hits back at Hindenburg, saying he made all the revelations

Adani issued a 413-page rebuttal to the Hindenburg report The US short sellers report sent Adani shares lower Adani says it complies with laws, required disclosures Adani’s CFO is confident the $2.5 billion share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed response on Sunday to a Hindenburg …

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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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Gucci hits the runway as the fashion world awaits a new designer

PARIS/MILAN, Jan 13 (Reuters) – Gucci kicked off Milan Fashion Week on Friday with a range of casual, androgynous menswear styles, pushing ahead with its latest collection as the industry waits for owner Kering ( PRTP.PA ) to indicate new designer for the label. French luxury group Kering is under pressure to quickly find a …

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