U.S. expected to report slowest job growth in six months
WASHINGTON (Reuters) - U.S. employers likely hired the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.
Asian shares hit record high as U.S. stimulus seen within reach
TOKYO (Reuters) - Asian shares scaled a record high on Friday on the growing prospect of a large U.S. economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment.
$908 billion coronavirus aid bill draws conservative backing in U.S. Congress
WASHINGTON (Reuters) - A bipartisan, $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday as conservative lawmakers expressed their support and Senate and House of Representatives leaders huddled.
Biden names top economic adviser Deese to fight climate change, jobs crisis
WILMINGTON, Del. (Reuters) - U.S. President-elect Joe Biden on Thursday named Brian Deese, who helped lead President Barack Obama's efforts to bail out the automotive industry and negotiate the Paris climate agreement, as his top economic adviser.
Biden says bipartisan coronavirus aid bill should be passed but will still need more
WASHINGTON (Reuters) - President-elect Joe Biden said on Thursday a bipartisan coronavirus aid bill should be passed but that he will have to ask for more once in office.
United States adds China's SMIC and CNOOC to Defense blacklist
WASHINGTON (Reuters) - The Trump administration on Thursday added China's top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office.
Dollar weakening expected to last into 2021 as risky bets remain
BENGALURU (Reuters) - The dollar's weakening is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency strategists found.
China's exports, imports seen expanding at faster pace in November: Reuters poll
BEIJING (Reuters) - China's exports and imports are expected to rise at a faster pace in November, helped by strong demand and coronavirus-related disruptions at factories in other countries, a Reuters poll showed on Friday.
Analysis: Is a post-COVID currency war coming?
LONDON (Reuters) - Financial markets' euphoric reaction to the recent COVID-19 vaccine breakthroughs and U.S. election results is pushing some currencies up so fast that rumblings have begun about a potential new FX war.
Japan may create up to $19 billion fund to promote green investment: sources
TOKYO (Reuters) - Japan's government is considering creating a 1 trillion to 2 trillion yen ($9.63 billion to $19.27 billion) fund to promote investment in environment-friendlier areas, three government officials with direct knowledge of the matter told Reuters.