Saturday, 11 Jan 2025

Business

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Oil rises on China-U.S. talks, gains capped by U.S. fuel build

NEW YORK (Reuters) – Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories. Brent crude LCOc1 futures rose $1.11, a 1.98 percent gain, […]

Powell Says Fed Prepared to ‘Shift’ Path as Economic Data Warrant

ATLANTA — Federal Reserve Chairman Jerome H. Powell sought to calm worried investors on Friday, casting the United States economy as strong but promising to adjust monetary policy quickly if global growth slows under the burden of an ongoing trade war. “I think the markets are pricing in downside risks, is what they’re doing,” Mr. […]

Insane Deliveroo deal launches online – but you’ll need to be quick

As much as we love a takeaway pizza, the novelty of ordering a Nando’s straight to our front door via the saviour that is Deliveroo is still yet to wear off. And we’ve just spotted one of the best deals ever from the takeaway giant, as money-saving website Wowcher has just launched an offer that […]

Stock futures hold gains on strong U.S. jobs report, trade optimism

(Reuters) – U.S. stock index futures were higher on Friday as a better-than-expected jobs report added to the optimism from proposed trade talks between the United States and China next week. Nonfarm payrolls increased by 312,000 jobs in December, the largest gain since February and beat economists’ expectations of 177,000 jobs. There were also healthy […]

Audits reveal Deutsche Bank's links to tax trade scandal

FRANKFURT (Reuters) – There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of five internal audits seen by Reuters. The bank issued tax certificates for withholding tax that […]

December Jobs Report: Here’s What to Watch For

The Labor Department will release its official hiring and unemployment figures for December at 8:30 a.m. on Friday, offering the latest picture of the American economy. Wall Street analysts anticipate a job gain of about 180,000 in December, a pickup from November’s increase of 155,000. That would be a solid cap to a year of […]

China cuts banks' reserve ratios by 100 bps as economy slows

BEIJING (Reuters) – China’s central bank said on Friday it was cutting the ratio of cash that banks must hold as reserves by 100 basis points (bps), as it looks to reduce the risk of a sharper slowdown in the world’s second-biggest economy. The cut in banks’ reserve requirement ratios (RRR) is the first in […]

How cold it has to be for a day off work – your rights in freezing weather

There’s ice everywhere, the car won’t start, the trains aren’t running and buses can’t get down the street. So can you just skip work? And what if your children can’t get to school? Or their school’s closed? Or your office? “Employers should communicate what is expected in such circumstances, preferably ahead of any expected bad […]

Oil edges higher on upcoming China-U.S. trade talks, OPEC cuts

SINGAPORE (Reuters) – Oil prices edged up on Friday, shaking off previous losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to the trade disputes between the world’s two biggest economies. International Brent crude futures LCOc1 were at $56.12 per barrel at 0542 GMT, up […]