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Economic News
Apple supplier Foxconn says working to resume China production as soon as possible
TAIPEI (Reuters) - Taiwan's Foxconn, Apple Inc (NASDAQ:AAPL)'s biggest iPhone maker, said on Monday it was working to resume full production…
India inflation likely hit five month high in Sept on food prices
(Corrects quote from Dharmakirti Joshi in Oct. 10 story to remove word unprecedented, no other change to text)By Arsh Tushar Mogre…
Pakistan contests Moody’s ratings downgrade, says can meet its obligations
KARACHI, Pakistan (Reuters) - Pakistan said on Friday it "strongly contests" a ratings downgrade by agency Moody's (NYSE:MCO), adding that…
U.S. investors brace for more wild market gyrations after dizzying Q3
By Saqib Iqbal Ahmed and Lewis KrauskopfNEW YORK (Reuters) - In a year of wild market swings, the third quarter of 2022 was a time when…
Euro zone economic sentiment falls sharply as inflation expectations rise
BRUSSELS (Reuters) - Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as…
U.S. bank CEOs grilled by Congress over economy, consumer protections, Russia ties
By Pete Schroeder and Lananh NguyenWASHINGTON (Reuters) -The chief executives of JPMorgan, Bank of America (NYSE:BAC), Citigroup…
China leaves lending benchmarks unchanged amid global rates squeeze
SHANGHAI (Reuters) - China kept its benchmark lending rates unchanged at a monthly fixing on Tuesday, as expected, as authorities appeared…
More worries for U.S. stocks, bonds: Fed ramps up ‘QT’
By David RandallNEW YORK (Reuters) - As the Federal Reserve accelerates the unwinding of its balance sheet this month, some investors…
Japan planning new economic package in October after near-term help
By Daniel Leussink and Kantaro KomiyaTOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said the government will present another…
Global equity funds post massive weekly disposals on rate-hike angst
(Corrects the sixth para in which the outflows from healthcare sector are changed to $546 million from $522 million, outflows from tech…