Directors at three regional Federal Reserve banks voted in January to increase the interest rate charged to commercial banks for emergency loans by a quarter of a percentage point, minutes of their discount rate meetings showed on Tuesday. The rate-hike recommendations—from directors of the Cleveland, St. Louis, and Kansas City Feds—were overruled two weeks later…
Japan’s January Consumer Inflation Slows, Trade Deficit Biggest in 8 Years: Poll
TOKYO—Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies in raising interest rates. Separate data is also expected to show Japan likely ran the biggest trade deficit in eight years in January as persistent rises in…
Statistics Canada Says 200,000 Jobs Lost in January
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron variant of COVID-19. The decrease marked the largest drop since January 2021, when the economy shed 207,800 jobs, Statistics Canada said Friday. The job losses also pushed the unemployment rate to 6.5…
US Service Sector Slows in January; Input Prices Remain Elevated: ISM Survey
WASHINGTON—A measure of U.S. services industry activity dropped to an 11-month low in January as a resurgence in COVID-19 infections hurt demand at high contact businesses and kept workers at home. The Institute for Supply Management said on Thursday its non-manufacturing activity index fell to 59.9 last month, the lowest reading since February 2021, from…
Eurozone Business Growth Lost More Momentum in January as Omicron Hit Demand
LONDON—Eurozone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey showed. Some governments in the currency union have been encouraging citizens to stay at home to try and stop the more virulent variant from spreading while…
French Inflation Eases Less Than Expected in January
PARIS—French inflation fell less than expected in January as it eased back from a 13-year high on lower prices for manufactured goods due to winter sales, preliminary EU-harmonised data showed on Tuesday. The INSEE statistics agency said consumer prices rose 0.1 percent in January, giving a 12-month inflation rate of 3.3 percent, down from 3.4…
Japan January Factory Growth Hits Four-Year High, but Services Contract-Flash PMI
TOKYO—Japan’s factory activity grew at the fastest pace in four years in January as output growth picked up, though pressure from a persistent chip shortage, rising input prices, and the coronavirus pandemic clouded the outlook. However, activity in the private sector as a whole slipped into contraction for the first time in four months as…
Eurozone Recovery Stumbled in January as Omicron Hit Services: PMI
LONDON—The eurozone economic recovery weakened this month, despite an upturn in Germany where factories benefited from an easing in supply chain bottlenecks, as renewed restrictions put a dent in the bloc’s dominant services industry, a survey showed. With the Omicron coronavirus variant sweeping across Europe, governments have been encouraging citizens to stay home and avoid…
Jefferies Asks Employees to Work Remotely Until End of January: CEO
January 4, 2022
admin
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesemployeeJanuaryJefferiesremoteUSUS NewsVaccines & Safetywork
0 Comment
U.S. investment bank Jefferies Financial Group has asked staff to work remotely until Jan. 31, according to an Instagram post on Monday from Chief Executive Officer Richard Handler. The bank had called its staff back to offices in October, but was forced to return to work-from-home in December due to a spike in COVID-19 cases….
Omicron to Be Dominant Variant in EU by Mid-January
BRUSSELS—Omicron is expected to be the dominant coronavirus variant in the European Union’s 27 nations by mid-January, the bloc’s top official said Wednesday amid concerns that a dramatic rise in infections will leave Europe shrouded in gloom during the holiday season. European Commission President Ursula von der Leyen said the EU is well prepared to…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`