Dollar slumps to 8-week low vs yen as trade war risk recedes

Dollar slumps to 8-week low vs yen as trade war risk recedes

The U.S. dollar slumped to an eight-week trough to the yen and lingered near a one-month low versus sterling on Thursday, as investor nerves about an inflation-stoking global trade war abated. ...
February 05, 2025 at 08:52 pm EST
Fed releases 2025 bank stress test scenarios

Fed releases 2025 bank stress test scenarios

The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of the U.S. central bank's annual stress...
February 05, 2025 at 04:59 pm EST
Mexico's central bank will likely bring interest rate down to 9.5%

Mexico's central bank will likely bring interest rate down to 9.5%

Mexico's central bank will likely cut its benchmark interest rate by 50 basis points later this week, taking it to 9.50%, a Reuters poll showed on Wednesday, as inflation cools and the economy notched...
February 05, 2025 at 01:02 pm EST
More crowded US dollar trade ramps up expectations for euro parity

More crowded US dollar trade ramps up expectations for euro parity

A crowded strong U.S. dollar trade is set to get more bunched up in coming months, with near one-third of currency strategists polled by Reuters now expecting the euro to fall to parity with the...
February 05, 2025 at 06:57 am EST
Trade war or not, global investors turn even more cautious on China

Trade war or not, global investors turn even more cautious on China

As China and the U.S. battle over tariffs, locked in a tussle that could result in a deal or a trade war between the world's two largest economies, staying away from China's stock market is becoming...
February 05, 2025 at 05:28 am EST
Russia seeks to end foreign corporate holding of vodka producer Russian Standard

Russia seeks to end foreign corporate holding of vodka producer Russian Standard

Russia's finance ministry has added the Russian Standard Group companies to a list of economically significant organisations and launched an arbitration case over their foreign corporate holding...
February 05, 2025 at 05:13 am EST
Japan's service activity grows thanks to Asian demand, PMI shows

Japan's service activity grows thanks to Asian demand, PMI shows

Japan's service activity expanded for a third straight month in January, helped by a rebound in new export business on Asian demand, a private-sector survey showed on Wednesday. The...
February 04, 2025 at 07:30 pm EST
US factory orders decline again in December

US factory orders decline again in December

New orders for U.S.-manufactured goods dropped in December, pulled down by a decline in bookings for civilian aircraft, but demand elsewhere was marginally firm. Factory orders tumbled...
February 04, 2025 at 10:50 am EST
US job openings fall sharply in December; layoffs low

US job openings fall sharply in December; layoffs low

U.S. job openings dropped sharply in December, but low layoffs suggested that the labor market was not abruptly slowing down. Job openings, a measure of labor demand, decreased 556,000...
February 04, 2025 at 10:25 am EST
Central bank body urges policy revamps to heed COVID lessons

Central bank body urges policy revamps to heed COVID lessons

Central bank body the Bank for International Settlements has urged the likes of the Federal Reserve and European Central Bank to revamp the way they approach interest rate setting to avoid the...
February 03, 2025 at 06:36 pm EST
Investors with 6 trillion euros warn EU not to weaken green rules

Investors with 6 trillion euros warn EU not to weaken green rules

Investors with 6.6 trillion euros in assets under management have urged the European Union not to weaken its sustainability rules, as Brussels draws up plans to cut red tape around green finance. ...
February 03, 2025 at 06:03 pm EST
Fed can be patient on rates while assessing impact of tariffs, Collins says

Fed can be patient on rates while assessing impact of tariffs, Collins says

Boston Federal Reserve President Susan Collins said on Monday the type of tariffs announced by the Trump administration may drive up inflation, while noting there's a lot of uncertainty and no...
February 03, 2025 at 12:58 pm EST
Ontario cancels Starlink contract in latest Canadian tariffs protest

Ontario cancels Starlink contract in latest Canadian tariffs protest

The Canadian province of Ontario on Monday announced it was cancelling a C$100 million contract with Elon Musk's Starlink, the latest retaliatory move against tariffs announced by U.S. President...
February 03, 2025 at 10:22 am EST
US manufacturing rebounds in January; inputs prices paid measure surges

US manufacturing rebounds in January; inputs prices paid measure surges

U.S. manufacturing grew for the first time in more than two years in January amid strong orders, but a measure of prices paid by factories for raw materials rose solidly, and more increases are likely...
February 03, 2025 at 10:04 am EST
Dax heads for 22,000 points - inflation and tariffs in view

Dax heads for 22,000 points - inflation and tariffs in view

Investors on the stock market remain in a record mood at the end of the month. The Dax jumped 0.3 percent on Friday morning to an all-time high of 21,799.80 points and thus set its...
February 03, 2025 at 09:12 am EST
Trade war fears roil shares of US auto majors, Big Tech after Trump tariffs

Trade war fears roil shares of US auto majors, Big Tech after Trump tariffs

Shares of automakers and megacap tech stocks bore the brunt of a wider equity pullback on Monday after U.S. President Donald Trump ordered sweeping tariffs against Mexico, Canada and China, sparking...
February 03, 2025 at 05:38 am EST
Concerns about a trade war - negotiations scheduled at the last minute

Concerns about a trade war - negotiations scheduled at the last minute

Following the announcement of high special tariffs by US President Donald Trump, negotiations to avert a trade war are expected on Monday. Trump wants to speak with Canadian Prime...
February 03, 2025 at 05:26 am EST
Americans have high hopes for Trump's economy, Gallup poll shows

Americans have high hopes for Trump's economy, Gallup poll shows

Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the heyday of...
February 03, 2025 at 04:05 am EST
Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakens as Trump tariffs jolt sentiment

Asia's factory activity weakened in January as soft Chinese demand and threats of higher tariffs by U.S. President Donald Trump weighed on business sentiment, private surveys showed on Monday,...
February 02, 2025 at 09:32 pm EST
BOJ board discussed at January meeting likelihood of more rate hikes, summary shows

BOJ board discussed at January meeting likelihood of more rate hikes, summary shows

Bank of Japan policymakers discussed the likelihood of raising interest rates further with some warning of upside inflation risks and the damage a weak yen could inflict on the economy, a summary of...
February 02, 2025 at 07:22 pm EST