Stocks fall on Fed rate hike bets, yen hits fresh 24-year low

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 7 (Reuters) – European stock markets fell on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. US Treasury yields jumped and the dollar received a boost … Read more

Flood-hit Pakistan breaches lake to avert overflow

Register now for FREE unlimited access to Reuters.com Register Disaster management warns of more rains in the north Number of child deaths increases by 12 to 453 Prime minister calls for help to reduce child deaths KARACHI, Pakistan, Sept 4 (Reuters) – Authorities in flood-hit Pakistan breached the country’s largest freshwater lake on Sunday, displacing … Read more

US labor market, manufacturing resilient despite rising interest rates

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, US, May 26, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Weekly jobless claims fall from 5,000 to 232,000 Continuing claims increased by 26,000 to 1.438 million Layoffs announced by US-based firms drop … Read more

From furnace to flood: the world’s hottest city in Pakistan now under water

JACOBABAD, Pakistan, Aug 31 (Reuters) – Not long ago, Sara Khan, principal at a school for disadvantaged girls in Jacobabad in southern Pakistan, looked on in alarm as some students passed out from the heat – the city was the world’s hottest at one point in May. Now, after heavy monsoon rains submerged large parts … Read more

Japan’s super tight jobs market fails to deliver egalitarian promise

TOKYO, Sept 1 (Reuters) – When Riku Omori’s pay at his regular job was slashed by a third, he found temporary work delivering fried chicken and Thai food on his bike on the streets of Kawasaki, south of Tokyo, as a way to supplement his reduced earnings. The extra 100,000 yen ($722) 26-year-old Omori gets … Read more

Exclusive: US regulators to vet Alibaba, JD.com, other Chinese firms’ audits

Register now for FREE unlimited access to Reuters.com Register Alibaba, JD.com, Yum China notified of US audit inspection -sources Vetting of US-listed Chinese firms’ audits starts next month Follows landmark US-China audit deal Alibaba US-listed shares closed down nearly 3% on Tuesday HONG KONG, Aug 31 (Reuters) – US regulators have selected e-commerce majors Alibaba … Read more