SEOUL, Nov 20 Reuters South Korea should continue to normalize monetary policy to provide support for shoring up economic activity even as headline inflation is easing, the International Monetary Fund said on Wednesday. While inflation is around the Bank of Korea39;s target of 2, a gradual monetary policy normalization seems appropriate given high uncertainty, the […]

LONDON, Nov 20 Reuters Britain39;s official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England39;s task of deciding how quickly to cut interest rates, a think tank said on Wednesday. The Resolution Foundation said the official methodology which is being overhauled might also […]

SAN FRANCISCO, Nov 20 Reuters KPMG said on Wednesday it would spend 100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership with Alphabet39;s Google Cloud. Part of the money will be spent on payments directly to Google, though the majority will be spent on inhouse efforts that leverage […]

WASHINGTON, Nov 20 Reuters A group of nine Democratic senators on Wednesday urged U.S. auto regulators to move quickly to issue new vehicle safety rules in the face of traffic deaths that remain significantly above preCOVID levels. Senators Ed Markey, Richard Blumenthal, Dick Durbin, Jack Reed, Ron Wyden and others wrote the National Highway Traffic […]

OTTAWA, Nov 19 Reuters Canada39;s annual inflation rate accelerated more than expected to 2.0 in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of another large rate cut in December. Analysts polled by Reuters had forecast that the inflation rate would speed up to 1.9 from […]

LONDON, Nov 19 Reuters The euro could fall to the key 1 mark in the next month before rebounding, potentially alongside other Europe assets given how negatively investors view the region, the chief investment office of Europe39;s biggest asset manager Amundi said on Tuesday. U.S. stocks, and the dollar have surged after Donald Trump39;s victory […]

LONDON, Nov 19 Reuters The Bank of England said on Tuesday it was launching a consultation on proposed, postBrexit rules for clearing houses, payment system operators and other financial market infrastructure in order to improve transparency. The BoE said the consultation about its new Fundamental Rules represented its first use of new powers to make […]

CEBU, Philippines Reuters The International Monetary Fund IMF warned on Tuesday that titfortat tariffs could undermine Asia39;s economic prospects, raise costs and disrupt supply chains even as it expects the region to remain a key engine of growth for the global economy. The titfortat retaliatory tariffs threaten to disrupt growth prospects across the region, leading to […]

LONDON, Reuters Major global companies have boosted hiring for professional roles as they enter the final quarter of the year, especially in retail, technology and healthcare, but demand for financial services recruits is more sluggish, a survey showed on Tuesday. Job vacancies for professional roles globally were up nearly 9 month on month in October, […]

FRANKFURT, Nov 19 Reuters The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country39;s central bank said on Tuesday. Europe39;s largest economy unexpectedly grew, albeit only by 0.2, in the three months to September but the […]