Trade wars could bring on a long lasting dollar slump

Worries of escalating trade wars could be a longer term negative for the dollar, even as the currency gets a temporary lift ahead of the Fed's meeting next week.


Costly health care drives the US to spend double the rate of other high-income nations

Labor, administrative and drug costs helped drive the differences in spending, according to a study in JAMA.


Job growth just had another huge month, but wages were weak

Economists surveyed by Reuters expected nonfarm payroll growth of 200,000 and the unemployment rate to fall to 4 percent.


Bank of Japan keeps policy steady, maintains interest rate target at minus 0.1%

The Bank of Japan (BOJ) kept monetary settings unchanged on Friday and stuck to its upbeat view on the economy.


A Cisco executive in Southeast Asia said he is not worried about a global trade war

Naveen Menon from Cisco said the company's business in Southeast Asia was growing at double the rate of GDP.


Europe markets set for modestly higher open, investors await ECB rate decision

Markets in Europe are expected to open slightly higher on Thursday as investors exercise caution.

United States

Fed's Kaplan: Rate hikes are necessary as the US nears full employment

Raising rates gives the U.S. the best chance to keep pushing the economy forward, Dallas Fed's president says.


Australia's central bank keeps interest rate unchanged

Australia's central bank left its cash rate at 1.5 percent, a widely expected decision.

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