PARIS (Reuters) – Parisian commuters faced travel misery on Friday as metro workers went on strike over plans to reduce their retirement privileges under President Emmanuel Macron’s pension reforms.
(Reuters) – The U.S.-China trade war will worsen or at best stay the same over the coming year, according to economists in a Reuters poll who expect the Federal Reserve to cut interest rates next week for the second meeting in a row.
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
ECB chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy. The bank cut rates deeper into negative territory and promised bond purchases with no end-date to push borrowing costs even lower.
WASHINGTON (Reuters) – President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an “easy” agreement would not be possible.
BUENOS AIRES (Reuters) – The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
Mike Coupe said the Oct. 31 Brexit date could not come at a worst time for supermarkets because warehouses were already full with Christmas produce and more of the supply of fresh salad had switched to southern Europe.
Having already reduced their benchmark in July to 2.0%-2.25%, Chairman Jerome Powell and colleagues will lop off another 25 basis points on Wednesday to support the slowing economy, according to a Bloomberg survey of economists.
HELSINKI (Reuters) – Italy is unlikely to clash with the European Union over its draft budget for next year because the new government in Rome is more likely to play by EU fiscal rules than the previous one and Brussels does not want it to fail, officials said on Friday.
TOKYO (Reuters) – Stable markets and resilient domestic demand could help the Bank of Japan withstand pressure to expand an already massive stimulus program when policymakers meet next week in the wake of the European Central Bank’s monetary loosening.