Page 149 - Rep News Today

The number of Americans filing new claims for unemployment benefits increased moderately last week and data for the prior two weeks was revised sharply lower as fraudulent applications from Massachusetts were stripped out, indicating persistent labor market strength.

Bad ideas never die. European officials are still discussing options to use the proceeds of Russia’s frozen funds to help Ukraine. Yet funnelling the money to the war-torn country, which looks justifiable on moral grounds, would set a bad precedent.

China's imports of refined nickel have fallen to levels last seen almost 20 years ago, when the country's build-out of industrial capacity was still in its infancy.

A look at the day ahead in Asian markets from Jamie McGeever.

A Shell Plc unit on Thursday said it will begin oil deliveries on the Houston to Nederland portion of its Zydeco pipeline on Friday, a month after a spill forced the line shut.

Japan's Nikkei 225 share average will drop 4% from 33-year highs, returning to the psychologically key 30,000 level by year-end and trading around the same level in mid-2024, according to the median estimates of analysts polled by Reuters.

A look at the day ahead in Asian markets from Jamie McGeever.

The U.S. dollar held near a two-month high on Wednesday on safe-haven demand as negotiations over raising the U.S. debt ceiling dragged on, while the kiwi dived 1% after New Zealand's central bank surprised markets by flagging an end to rate hikes.

Indian shares opened lower on Wednesday, tracking a slide in U.S. and Asian peers, after negotiations over the U.S. debt ceiling continued without a resolution nine days ahead of a potential default.

Asian stocks on Wednesday extended a global sell-off as U.S. debt ceiling negotiations dragged on without resolution, while the New Zealand dollar tumbled after the central bank caught markets off-guard by flagging that its tightening cycle is over.