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Search resuls for: "Naeem"


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☆ Dollar sinks as U.S. nonfarm payrolls show mixed picture
  + stars: | 2022-11-04 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +2 min
Nonfarm payrolls increased 261,000 last month, data showed on Friday. Data for September was revised higher to show 315,000 jobs added instead of 263,000 as previously reported. However, the unemployment rate rose to 3.7% from September's 3.5%. "However, the devil is in (the) detail(s) and that is the unemployment rate has ticked higher and this may keep a lid on the dollar rally. The Fed's terminal rate, or the level at which rates peak slipped to 5.16% after payrolls, from about 5.2% just before.
☆ Pakistani journalist crushed by Imran Khan's truck during coverage
  + stars: | 2022-10-30 | by ( Mubasher Bukhari | ) www.reuters.com   time to read: +2 min
The incident prompted Khan to halt the "long march" that he is leading towards Islamabad to pressure the federal government into calling snap elections. His convoy started from the eastern city of Lahore, and is expected to reach Islamabad on Friday. PTI leader Mussarat Jamshed Cheema confirmed that Naeem was run over by Khan's vehicle. The incident occurred as Khan's convoy was near the city of Gujranwala, 220 km (136 miles) from Islamabad. Reporting by Mubasher Bukhari in Lahore, Pakistan; Writing by Gibran Peshimam; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
☆ Oil falls on recession fears and China COVID worries
  + stars: | 2022-10-11 | by ( Alex Lawler | ) www.reuters.com   time to read: +2 min
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said that inflation remains a continuing problem. Register now for FREE unlimited access to Reuters.com Register"There is growing pessimism in the markets now," said Craig Erlam of brokerage OANDA. Those worries aside, fears of a further hit to demand in China also weighed. read moreOil also came under pressure from a strong dollar, which hit multi-year highs on worries about increases to interest rates and escalation of the Ukraine war. A strong dollar makes oil more expensive for buyers with other currencies and tends to weigh on risk appetite.
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