British officials to warn over Indian coronavirus variant – reports

FILE PHOTO: A worker walks past coronavirus disease (COVID-19) mobile testing vehicles parked at a depot in London, Britain, May 3, 2021. REUTERS/Toby MelvilleLONDON (Reuters) – British officials could declare one of the new coronavirus strains first found in India a “variant of concern”, the BBC and Guardian reported on Friday, due to evidence that it spreads more quickly than […]

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Japan to extend state of emergency by three weeks to May 31

TOKYO (Reuters) -Japan’s government is set to extend on Friday a state of emergency in Tokyo and three other areas by about three weeks until the end of May to curb a surge in novel coronavirus cases just months before the start of the Tokyo Olympics.FILE PHOTO: A woman in kimono clad and pedestrians wearing protective face masks, make their […]

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Indian shares set for strong weekly gains, metal stocks surge

BENGALURU (Reuters) – Indian shares rose to a one-week high on Friday and were set for a solid weekly gain as banks firmed and metal stocks scaled new peaks on strong commodity prices, despite domestic coronavirus cases clocking another record daily rise.A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, […]

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Japan's service sector shrinks at slowest pace since health crisis started – PMI

TOKYO, May 7 (Reuters) – Japan’s services sector activity contracted in April as coronavirus emergency measures hit businesses, though the pace of decline eased to its slowest since around the time the health crisis started in early 2020. Firms faced challenges over the short-term outlook as Prime Minister Yoshihide Suga’s government considers extending a state of emergency in Tokyo and […]

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April jobs expected to top 1 million as consumers boost the economy

Economists expect 1 million jobs were added in April, and the unemployment rate fell to 5.8% from 6.0%, according to Dow Jones. A lot of jobs were likely added in food service and leisure, as more Americans resumed normal activities and spent stimulus funds. Economists expect strong job growth in the next several months, but note it could be a […]

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U.S. benchmark rate committee sets out path for SOFR forward rate

FILE PHOTO: A picture illustration shows U.S. 100-dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao(Reuters) – A group of banks and investors overseeing the shift of trillions of dollars to the new benchmark U.S. interest rate SOFR on Thursday published a list of indicators that it wants to see progress in so it can recommend a forward-looking […]

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What's up with the labor market? Probably won't know until the fall

SAN FRANCISCO/WASHINGTON (Reuters) – The big mystery with the government report Friday that’s expected to show nearly a million jobs gained for a second month in a row won’t be why U.S. employers hired so many, but why they didn’t hire more.FILE PHOTO: Matt Dillion and Chad Damron weld an upper deck assembly at Look Trailers cargo trailer manufacturing facility […]

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