Here's everything you need to know about Friday's big jobs report
The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring.
Economy asian news
Bank of England cuts interest rates for first time in over four years
This was CNBC's live blog covering the Bank of England's August monetary policy meeting.
10-year Treasury yield falls below 4% for the first time since February
Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims.
Southeast Asia to outpace China's GDP growth and foreign investment: report
SINGAPORE -- Southeast Asia is likely to outpace China's economic growth and inflow of foreign direct investments over the next ten years, a new study led by a Singapore-based think tank showed, as the region benefits from growing demographics and a global supply chain shift.
Fed recap: Chair Powell gives the September rate cut signal traders were hoping for
The Federal Reserve kept its key interest rate at 5.25% to 5.5%, citing "some further progress" toward its 2% inflation goal. At his press conference, Fed Chair Jerome Powell said a rate cut in September is "on the table," provided the inflation data continues to be encouraging. The comments propelled stocks to their highs of the day.
Prabowo needs foreign allies and funding to realise Indonesia vision
Prabowo has come to power by virtue of what is known as “Prabowonomics”. It is an economic philosophy that envisages a larger share of welfare programmes in the national economy. This will require broadening the tax base, which might be challenging in a developing economy.
In India’s Assam, ‘hopes dashed’ for high returns on oil palm production
India wants to produce palm oil to reduce its reliance on imports.
Fed holds rates steady, nods to possible September cut
WASHINGTON (Reuters) -- The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line with the U.S. central bank's 2% target.