By Stella Qiu SYDNEY () - Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Expenditures - is due later in

By Bo Erickson, Richard Cowan, Andy Sullivan and Katharine Jackson WASHINGTON () -A spending bill backed by Donald Trump failed in the U.S. House of Representatives on Thursday as dozens of Republicans defied the president-elect, leaving Congress with no clear plan to avert a fast-approaching government shutdown that could disrupt Christmas travel. The vote laid

MEXICO CITY () - The Bank of Mexico lowered its benchmark interest rate by 25 basis points to 10.00% on Thursday and signaled larger rate cuts could be considered in future meetings given progress on inflation in Latin America's second-largest economy. The unanimous decision by the central bank's five-member governing board came after headline inflation

By Lucia Mutikani WASHINGTON () -The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the prior two weeks' increases and suggesting that a gradual labor market slowdown remained in place. Other data on Thursday showed the economy grew faster than previously estimated in the third quarter

() -The U.S. Department of Commerce has recently asked Nvidia (NASDAQ:) to look into how the company's products ended up in China over the past year, the Information reported on Thursday, citing a person close to the department. The chip giant has asked big distributors such as Super Micro Computer (NASDAQ:) and Dell Technologies (NYSE:)

() - The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the days covering the end of the calendar year into early January. In addition to its daily SRF (NS:) operation occurring between 1:30 p.m. and 1:45 p.m., the New York Fed

By David Milliken and Suban Abdulla LONDON () -Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures. Deputy Governor Dave Ramsden and the newest Monetary Policy

WASHINGTON () - The U.S. economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. Gross domestic product increased at an upwardly revised 3.1% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third estimate of third-quarter GDP on Thursday. The economy was previously reported to have

MOSCOW () - Following are some of the key quotes from Russian President Vladimir Putin's annual phone-in and press conference. ON HIS 25 YEARS IN POWER Yes, I think that I did more than just safeguard (Russia). I think that we have moved back from the edge of the abyss, because everything that happened to

By Dan Burns and Howard Schneider WASHINGTON () -The world's economic reckoning with the incoming Trump administration kicked off in earnest this week, with the U.S. Federal Reserve flagging fewer rate cuts and other leading central banks signaling caution over future rate decisions. The Fed cut rates as expected on Wednesday amid a busy year-end