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Tuesday, May 11, 2021
Sterling ticked up against the dollar on Wednesday as a poll showed Scotland's main pro-independence party was unlikely to win an outright majority in Thursday's election, undermining its hopes for a referendum on separating from Britain. The Scottish National Party (SNP) wants a majority in the devolved parliament to......
May 10 (Reuters) – Emerging market currencies hovered around record-high levels on Monday as weak U.S. jobs data kept the dollar under pressure, while South Africa’s rand rose to a 16-month peak after Moody’s skipped a sovereign rating review.MSCI’s index of emerging market currencies rose 0.3%, staying just below......
The dollar was struggling to sustain upticks when the market anticipated a million new jobs were created in April.  It was sold off in disappointment that only a quarter......
International markets, notably European stocks, led the charge on Wednesday after the previous session’s sharp selling, with higher commodity prices and the earnings season supporting gains. Investors can also use exchange traded funds to capture these international moves.European miners strengthened on the rising commodity prices, as traders grow ...
Don’t panic about rising inflation in 2021. That’s the message delivered Monday by the president of the New York Federal Reserve. John Williams, one of the top officials at the U.S. central bank, said he expects inflation will “run above”......
Coronavirus latest: New South Wales tightens restrictions following local infection  Financial Times Read more......
In the first months of 2021, what was good for the auto industry was decidedly good for the American economy.Spending on motor vehicles and parts rose almost 13 percent in the first quarter, making a big contribution to the increase in gross domestic product, the Commerce Department reported Thursday. Strong sales of new and used vehicles were prop...
Covid-19 live updates: WHO classifies variant found in India as being of global concern  The Washington Post Read more......
Initial jobless claims fell last week to yet another pandemic low in the latest sign that the economic recovery is strengthening.About 575,000 people filed first-time claims for state unemployment benefits last week, the Labor Department said Thursday, a decrease of 9,000 from the previous week’s revised figure. It was the third straight week that ...
The recovery is profoundly unequal across sectors, unbalanced in ways that have big implications for businesses and workers.There have been a lot of strange economic numbers over the last 14 months, as the world has been whipsawed by the pandemic. But one particular line of the first-quarter G.D.P. numbers released Thursday stands out even so.Ameri...
North Korea is facing one of the worst economic crises in its 73-year history, amid shortages of food and medicines and warnings of rising unemployment and homelessness.The country’s economy has been battered by more than a year of border restrictions imposed after the coronavirus outbreak, flooding caused by natural......
A day after his first address to Congress, President Biden met with former President Jimmy Carter and held a drive-in rally for his 100th day in office.President Biden visited former President Jimmy Carter, an old friend, as he traveled to Georgia on Thursday to pitch his $4 trillion economic agenda.A day after using his first address to Congress t...