NEW YORK, June 6 Reuters Emerging markets attracted foreign portfolio inflows for a seventh straight month in May thanks to investors pouring money into bonds, but persistently high U.S. interest rates are dimming the outlook, a report from a banking trade group showed. The Institute of International Finance IIF said net nonresident portfolio flows into […]

June 6 Reuters Like many firms during the pandemic Worxbee, a small business that provides virtual executive assistant services, brought on bodies when Chief Executive Kenzie Biggins thought she found a good match. Peaking at 11 people, the hiring in the end proved an overreach, and Biggins39; staffing is now down to six, mostly through […]

June 6 Reuters U.S. worker productivity grew slightly less than previously estimated in the first quarter but exceeded market expectations, and unit labor costs rose by less than first thought, data from the Labor Department showed on Thursday, although the revision seems unlikely to allay Federal Reserve officials39; hesitance to turn to rate cuts in […]

June 6 Reuters The U.S. trade deficit widened in April as a jump in imports outpaced a slight increase in exports. The trade deficit increased 8.7 to 74.6 billion, the Commerce Department39;s Bureau of Economic Analysis said on Thursday. Data for March was revised to show the trade gap narrowing slightly to 68.6 billion instead […]

LONDON, June 6 Reuters Amazon is facing a one billionpound 1.3 billion collective lawsuit from British retailers who allege that the online marketplace misused their data to boost its own market share and profits. The British Independent Retailers Association BIRA, an umbrella body grouping numerous small traders, was due to file the lawsuit on behalf of […]