Reuters
U.S. weekly jobless claims near pre-pandemic level as labor market recovers
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery continues, though a shortage of workers remains an obstacle to faster job growth. The weekly unemployment claims report from the Labor D
CANADA STOCKS-TSX opens flat as energy stocks offset mining losses
Nov 18 (Reuters) - Canada’s main stock index opened flat on Thursday as gains in energy shares on the back of higher oil prices offset losses in mining stocks, while Lithium Americas jumped on buying Argentina-focused Millennial Lithium. At 9:31 a.m. ET (14:31 GMT), the Toronto Stock Exchange’s S&am
S&P 500, Nasdaq open higher on strong results from Nvidia, retailers
(Reuters) - The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation. The Dow Jones Industrial Average
Macy's says it is working with AlixPartners to review its business structure
Nov 18 (Reuters) - Macy’s Inc said on Thursday it is working with consulting firm AlixPartners to review its business structure, just a month after activist investor Jana Partners urged the department store chain to sell its e-commerce business. Jana Partners, which holds an undisclosed stake in the
Turkish lira in free fall after latest rate cut urged by Erdogan
ISTANBUL (Reuters) -Turkey's lira crashed 6% to new all-time lows on Thursday after the central bank, under pressure from President Tayyip Erdogan, forgedhere with a rate cut seen as dangerous for the big emerging market economy. The currency hit 11.3 to the dollar in volatile trade and also touched
EMERGING MARKETS-Turkey's lira dives below 11 per dollar; rand dips
* Turkey’s rates slashed despite soaring inflation * South Africa lifts rate by 25 bps * Chilean peso slumps ahead of weekend election Nov 18 (Reuters) - Turkey’s lira plunged 6% on Thursday, breaching 11 to the dollar for the first time after another interest rate cut, while South Africa’s rand fel
CANADA FX DEBT-C$ falls as global inflation outlook in focus
* Loonie trades in a range of 1.2627 to 1.2594 * Price of U.S. oil rises slightly after hitting six-week low By John McCrank Nov 18 (Reuters) - The Canadian dollar extended its losses versus its U.S. counterpart on Thursday, touching a six-week low, after oil prices slid and inflation figures came i
UPDATE 1-Brazil tycoon Tanure takes control of Alliar -report
(Adds details, share reaction) SAO PAULO, Nov 18 (Reuters) - Brazilian investor Nelson Tanure has reached a deal to take over medical diagnostics company Alliar, O Globo columnist Lauro Jardim reported on Thursday, sending its shares higher. The O Globo report said Alliar’s controlling shareholders
UPDATE 2-South Africa raises repo rate for first time in 3 years
* SARB has lagged some EMs in raising rates * Economists were divided on meeting outcome * 3-2 decision by policy committee (Adds more details from speech) JOHANNESBURG, Nov 18 (Reuters) - South Africa’s central bank raised its main lending rate by 25 basis points to 3.75% on Thursday in a close cal
Brazilian investor Tanure to take control of Alliar -report
SAO PAULO, Nov 18 (Reuters) - Brazilian investor Nelson Tanure has reached a deal to take over control of medical diagnostics company Alliar, O Globo columnist Lauro Jardim reported on Thursday, sending its shares higher. The O Globo report said Alliar’s controlling shareholders had accepted Tanure’
Paytm sinks on debut as India's biggest IPO irks some investors
MUMBAI (Reuters) -Digital payments start-up Paytm made one of the worst major Indian stock market debuts on Thursday as its shares fell more than 27% after India’s largest-ever IPO. Paytm’s debut rout raised questions around impending initial public offerings (IPOs) on the until-now red hot Indian m
Egypt's EFG Hermes completes acquisition of Arab Investment Bank
CAIRO, Nov 18 (Reuters) - EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank, transforming itself into an Egyptian universal bank, it said on Thursday. EFG Hermes agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Eg
U.S. weekly jobless claims edge down as labor market recovers
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery gains momentum, though a shortage of workers continues to hamper faster job gains. Initial claims for state unemployment benefits slippe
Oprah Winfrey, Reese Witherspoon, Bumble founder invest in Spanx
Nov 18 (Reuters) - Celebrities Oprah Winfrey and Reese Witherspoon as well as Bumble Inc founder Whitney Wolfe Herd have invested in Spanx, the shapewear maker said, as it completed a majority stake sale valuing the company at $1.2 billion to investment firm Blackstone Inc. Other new investors inclu
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