Currencies

US weekly jobless claims rise marginally

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that the labor market remained stable, though it is taking longer for...

Trump again slams Fed chair Powell after rates hold

WASHINGTON -U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. ...

Brazil sees 35.9% of exports to US facing steeper tariff, pushes reversal for coffee

BRASILIA -Brazil estimates that 35.9% of its exports to the U.S. by value will be hit by a steep 50% tariff under a new executive order by Donald Trump's administration, Vice President Geraldo...

Key tariff plans for South Korea, Brazil and India

U.S. President Donald Trump said the U.S. would charge a 15% tariff on imports from South Korea, one of a number of such measures announced in the run-up to his August 1 deadline to impose such...

Trump tariffs rattle India's markets, cloud growth outlook

MUMBAI -India's rupee plunged toward a record low and equity indexes declined on Thursday after U.S. President Donald Trump slapped steeper-than-expected tariffs on Indian goods, with analysts...

Fed's reticence on rate cuts forces market to rethink outlook

NEW YORK -The Federal Reserve's decision to avoid signaling imminent rate cuts despite relentless political pressure underscores its prevailing caution and has forced investors to dial back...

National Restaurant Association lobbies against US tariffs

The National Restaurant Association said it was extremely concerned about the possibility of new tariffs in a letter sent to U.S. Trade Representative Jamieson Greer on Tuesday. Trump...

BOJ turns less gloomy on economy, keeps rate-hike chance alive

TOKYO -The Bank of Japan revised up its inflation forecasts on Thursday and offered a less gloomy outlook on the economy than three months ago, keeping alive the possibility of a resumption in...

US yields climb as Fed's Powell uncertain about September easing

NEW YORK -U.S. Treasury yields rose on Wednesday after Federal Reserve Chair Jerome Powell said it's too soon to say whether the central bank will cut its interest rate target in September. ...

Trump hits Brazil with tariffs, sanctions but key sectors excluded

SAO PAULO/BRASILIA -U.S. President Donald Trump on Wednesday slapped a 50% tariff on most Brazilian goods to fight what he has called a witch hunt against former President Jair Bolsonaro, but...

Fed policy decision generates most governor dissents since 1993

The Federal Reserve's decision to hold interest rates steady following the end of a two-day policy meeting on Wednesday generated the largest number of dissenting votes by governors at the U.S....

Fed leaves rates steady despite Trump pressure, gives no hint of September cut

WASHINGTON -The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell's comments after the decision undercut confidence that borrowing costs would begin...

Bank of Canada says risk of severe global trade conflict has diminished

The risk of a severe and escalating global trade conflict has diminished since April and there is some clarity about what U.S. tariffs will look like, the Bank of Canada said on Wednesday. ...

Bank of Canada holds rates steady and says global trade war risk has eased

OTTAWA -The Bank of Canada held its key policy rate at 2.75% for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished. ...

Euro bulls wince as US-EU trade deal slams the brakes on rally

LONDON -Euro bulls are facing the first big test of their conviction in the form of the European Union's U.S. trade deal, which has cast doubt on the durability of one of 2025's most popular trades. ...

Rebound in US economic growth in second quarter masks underlying slowing trend

WASHINGTON -U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy's health as declining imports accounted for the bulk of the...

Brazil beef-packers estimate $1 billion in losses if US tariffs apply

SAO PAULO -Brazilian beef-packers' lobby Abiec, which represents companies including JBS and Marfrig, on Tuesday estimated losses of $1 billion if the United States applies a 50% tariff on Brazilian...

IMF lifts 2025 GDP emerging economies' outlook on improved China view

NEW YORK -The International Monetary Fund raised its outlook for economic growth across emerging market and developing economies this year to 4.1% from 3.7%, driven by frontloading and a more upbeat...

Dollar rejuvenated

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets  The dollar is on course for its best week of the year, as unfolding U.S....