(Bloomberg) -- Recurring applications for US unemployment benefits rose to the highest since February, suggesting that Americans who are losing their job are having more trouble finding a new one in a labor market that’s gradually cooling.
A key gauge of US consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.
Saudi Arabia’s central bank has stepped up the use of a mechanism to pump money into the financial system as it looks to tackle a liquidity crunch that has helped push borrowing costs for lenders to the highest in decades, according to people familiar with the matter.
Barclays Plc was fined £8.4 million ($10.2 million) for failing to provide retailers with adequate transaction information, leaving retailers unable to easily understand the fees associated with certain types of card payments.
Royal Bank of Canada says Jacynthe Côté will be appointed as chair of the bank's board of directors next year.
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