Economists project recession in Chile as Q2 GDP misses forecasts

investing.com By Fabian Cambero and Gabriel Araujo SANTIAGO -Chile's gross domestic product came in below expectations in the second quarter of 2022, central bank data showed on Thursday, leading economists to forecast a...

U.S. existing home sales fall for sixth straight month; prices remain elevated

investing.com WASHINGTON - U.S. existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve's aggressive monetary policy tightening campaign was dampening demand for housing, although home...

U.S. weekly jobless claims dip as labor market remains resilient

investing.com By Lucia Mutikani WASHINGTON -The number of Americans filing new claims for unemployment benefits fell last week and data for the prior period was revised sharply down, suggesting labor market conditions remain...

More Japanese firms are raising wages to combat labour shortage

investing.com By Tetsushi Kajimoto TOKYO - More large Japanese companies are now raising wages to attract workers and cope with chronic staff shortages, a monthly Reuters poll showed on Thursday, a tentative sign Japan Inc may be...

In Argentina, mass protests demand higher wages, lower inflation

investing.com By Maria Belen Liotti BUENOS AIRES - Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits...

Union at Volkswagen in Mexico to hold new contract vote Aug. 31

investing.com MEXICO CITY - The union at Volkswagen (ETR:VOWG_p)'s main Mexico factory will hold a new vote on Aug. 31 to ask workers if they approve a recently negotiated deal with management for 9% raises, the group said on...

Japan's Trade Deficit Widens in July as Commodity Imports Bite

investing.com By Ambar Warrick Investing.com-- Japan logged a trade deficit for a 12th consecutive month in July, data showed on Wednesday, as pressure from its dependence on commodity imports offset a jump in exports. A drop in...

Biden signs $430 billion climate, healthcare and tax bill

investing.com By Nandita Bose WASHINGTON -President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions as well...

UK sees biggest rise in foreign workers since COVID-19 pandemic

investing.com By David Milliken LONDON - Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union,...

U.S. manufacturing production accelerates in July

investing.com WASHINGTON - Production at U.S. factories increased more than expected in July as output rose at motor vehicle plants and elsewhere, pointing to underlying strength in manufacturing despite ebbing business...

New Zealand's near-term inflation expected to slow, central bank survey shows

investing.com WELLINGTON - New Zealand's near-term rate of inflation is expected to slow in the third quarter of 2022, a survey showed on Monday. The Reserve Bank of New Zealand's (RBNZ) quarterly survey of expectations showed...

Japan bank lending picks up on demand to meet rising material costs

investing.com By Leika Kihara TOKYO - Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs amid a surge in global...

Analysts expect Argentina's inflation to reach 90.2% in 2022

investing.com BUENOS AIRES - Analysts polled by Argentina's central bank sharply raised their inflation estimate for 2022 to 90.2%, up 16.2 percentage points from the previous month's forecast, according to a survey published on...

Wall St Week Ahead: Inflation data may seal fate of unloved U.S. stock rally

investing.com By Saqib Iqbal Ahmed NEW YORK - A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations...

Hedge funds post July gain on stock market rally, still down for year

investing.com NEW YORK - Hedge funds posted a 1.65% gain in July, driven by a stock market rally which helped reduce their losses for the year to date, data provider HFR said on Friday. "Led by high beta strategies, hedge funds...