07:57 AM EDT, 04/23/2024 (MT Newswires) -- The US dollar rose against most trade partner currencies in early European trade on Tuesday but the euro and sterling bucked the trend in G10 FX after S&P Global PMI surveys surprised strongly on the upside of expectations for April. Many US dollar pairs edged higher during the European morning but the euro,...

08:38 AM EDT, 04/23/2024 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rose to minus 12.4 in April from minus 18.3 in the previous month, indicating a slower pace of contraction in the sector. The readings for new orders, sales, prices and employment all increased in the month. The six-month outlooks at both the regional and...

Efforts to secure financial relief for New York's 289 licensed cannabis farmers have stalled, leaving them disheartened and facing significant financial losses due to the 2024 state budget excluding the proposed Cannabis Farmer's Relief Fund, despite limited retail outlets exacerbating their situation. Legislative Efforts Stalled Despite the advocacy of Assemblywoman Donna Lupardo and Sen. Michelle Hinchey, the 2024 state budget...

TOKYO (Reuters) - The increase in China's defence spending is concerning given its economy is failing, the head of the U.S. Indo-Pacific Command said on Tuesday. Speaking to reporters in Tokyo, Admiral John Aquilino said China's economy had been battered by turmoil in its real estate sector and asserted that its official growth rates were not real. He also said...