Exclusive: JPMorgan to hire about 2,000 engineers even as economy softens

PLANO, Texas, Sept 30 (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said on Wednesday. The biggest US lender added a net more than 5,000 software developers and data scientists last year and … Read more

UK housing market may face perfect storm as mortgage rates rise, house prices drop

New mortgage rates now quoted at 5%-6% Millions of homeowners could be overstretched HSBC sees 7.5% fall in house prices into next year LONDON, Sept 28 (Reuters) – A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal wealth and … Read more

IMF and Moody’s censor UK policy that sparked market turmoil

IMF does ‘not recommend’ policies like UK growth plan Moody’s: economic plan is ‘growth negative’ Pound trading down 0.5% to $1.0681 Bond strategists warn market almost untradeable LONDON, Sept 28 (Reuters) – The International Monetary Fund and ratings agency Moody’s ramped up pressure on Britain to reverse a new economic strategy that was roiling financial … Read more

Fed officials stare down market volatility, say inflation remains paramount focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – US Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping US stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt US investors had … Read more

In China, home buyers occupy their ‘rotting’, unfinished properties

GUILIN, China, Sept 26 (Reuters) – For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the city’s clean air. Her living conditions, however, are far from those promised: … Read more

IDB directors unanimously recommend firing of Claver-Carone after ethics probe

Visitors walk past a screen with the logo of the Inter-American Development Bank (IDB) at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – The Inter-American Development Bank’s board of directors voted unanimously on Thursday to recommend firing … Read more

Turkish cenbank stuns markets again with 100 basis-point rate cut, lira hits new low

A logo of Turkey’s Central Bank (TCMB) is pictured at the entrance of the bank’s headquarters in Ankara, Turkey April 19, 2015. REUTERS/Umit Bektas Register now for FREE unlimited access to Reuters.com Register Key interest rate cut 700 basis points in last year Bank points to continued signs of economic slowdown Lira weakens beyond all-time … Read more

Italy’s right-wing bloc set for election win: five questions for markets

Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 19 (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s election, at a time when soaring energy prices and rising interest rates create growing challenges for the highly-indebted state. Giorgia Meloni, leader of the … Read more

Troubled South African tailings dam had history of high water levels

Register now for FREE unlimited access to Reuters.com Register Tailings dam was shut in 2020 due to excess water Operations were cleared to resume in 2021 – official President says govt investigating dam burst De Beers sold historic mine assets in 2010 Sept 12 (Reuters) – South African authorities shut down the Jagersfontein diamond tailings … Read more