WASHINGTON (Reuters) – Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials who have staked an aggressive monetary policy on the belief they can avoid a conflict between returning U.S. employment to pre-pandemic levels and keeping inflation under control.FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before a House Financial Services […]

LONDON (Reuters) – The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File PhotoThe dollar index […]

HANOI (Reuters) – The American Chamber of Commerce (AmCham) urged Vietnam on Monday to ease its lengthy quarantine period for vaccinated travellers and allow the private sector to help procure COVID-19 vaccines for their employees in the Southeast Asian country.FILE PHOTO: A woman receives a vaccine as Vietnam starts its official rollout of AstraZeneca’s coronavirus disease (COVID-19) vaccine for health […]

FILE PHOTO: Campari CEO Bob Kunze-Concewitz poses during a photo call of “The Legend of Red Hand” short movie in Milan, Italy, January 30, 2018. REUTERS/Massimo PincaROME (Reuters) – Italian drinks group Campari targets premium brands and is focused on the United States and Asia as it presses on with its acquisition strategy, its chief executive was quoted as saying […]

Elsewhere in Asia, bourses in Shanghai and Tokyo were trading on a positive note in mid-session deals, while Hong Kong and Seoul were in the red. Equity benchmark Sensex rallied over 300 points in opening trade on Monday, tracking gains in index majors HDFC twins, SBI and ICICI Bank amid mixed cues from global markets. The 30-share BSE index was […]

Slideshow ( 2 images )DETROIT (Reuters) – General Motors Co strengthened relations with its suppliers last year despite the impact of the COVID-19 pandemic and the global semiconductor chip shortage, according to an annual North American survey released on Monday. The No. 1 U.S. automaker improved its score in consulting firm Plante Moran’s annual Working Relations Index by 20 points […]

OSAKA, Japan (Reuters) – Hospitals in Japan’s second largest city of Osaka are buckling under a huge wave of new coronavirus infections, running out of beds and ventilators as exhausted doctors warn of a “system collapse”, and advise against holding the Olympics this summer.Medical workers at Osaka Medical and Pharmaceutical University Hospital work in the operation wing of the hospital, […]

(Reuters) -Bitcoin fell 13% on Sunday after the world’s biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50% from the year’s high.FILE PHOTO: A collection of virtual currency bitcoin tokens are displayed in this picture illustration taken Dec. 8, 2017. REUTERS/Benoit Tessier/IllustrationBitcoin fell to $32,601 at 1800 GMT (2 p.m. ET), losing $4,899.54 from its previous […]