Currencies

Goldman Sachs says euro could drop 10% under Trump tariffs and tax cuts

Goldman Sachs has said the euro could fall as much as 10% - implying a drop below $1 from current levels - in a scenario in which Donald Trump imposes widespread tariffs and cuts domestic taxes if he...

Fed's Logan eyes more gradual rate cuts amid more balance sheet cuts

Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the central bank and suggested she sees no reasons why the Fed can't also press forward with...

Dax expected to be little changed on Friday

According to calculations by banks and brokerage houses, the DAX is expected to start the day little changed on Friday. Following the European Central Bank's third interest rate cut of...

Latin America braces for US election impact on trade, tariffs

Latin America is anxiously counting the days to Nov. 5, when U.S. voters will choose between relative continuity under Vice President Kamala Harris or a return to policies that triggered volatility in...

BHP faces $47 billion UK lawsuit over Brazilian dam collapse

A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to 36...

What to look for at Bank of Japan's October policy meeting

The Bank of Japan holds a two-day policy meeting concluding on Oct. 31, days after a general election where new Prime Minister Shigeru Ishiba faces a key test on his agenda to prop up wages and...

US single-family homebuilding rises to five-month high

U.S. single-family homebuilding surged to a five-month high in September, but permits for future construction rose only marginally amid excess supply of new homes on the market and prospective buyers...

US regional banks capitalize on rising deal fees to counter high deposit costs

U.S. regional banks reaped profit in their third quarter and outdid Wall Street expectations as their investment banking fees surged from a revival in dealmaking and helped offset higher deposit...

ECB cuts rates as expected, says well on track to tame inflation

The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and easing consumer...

BOJ must raise rates at 'very moderate' pace, says board member Adachi

Bank of Japan board member Seiji Adachi said on Wednesday the central bank must raise interest rates at a very moderate pace and avoid hiking prematurely, given uncertainties over the global economic...

Trump says president should weigh in on, but not order, Fed rate decisions

U.S. Republican presidential candidate Donald Trump on Tuesday appeared to soften his position on inserting himself into Federal Reserve policy decisions, saying he believes he would have a right as...

Lula slams US request for information on Brazil's fighter jet purchase

Brazilian President Luiz Inacio Lula da Silva said on Friday it made no sense for the U.S. Department of Justice to request information from Saab over Brazil's purchase of the Swedish firm's Gripen...

U.S. equity funds see outflows on rate cut views

U.S. equity funds witnessed outflows in the week to Oct. 9 as investors booked profits due to a shift in market expectations about the Federal Reserve rate cut path and a surge in bond yields. ...

US producer prices unchanged in September

U.S. producer prices were unchanged in September, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month. ...

EUR/USD Likely to Fall Into US Election: 3-Minute MLIV

Anna Edwards, Kriti Gupta, Guy Johnson, and Mark Cudmore break down today's key themes for analysts and investors on Bloomberg: The Opening Trade. ...

NY Fed survey shows big banks still expect spring stop to balance sheet drawdown

Wall Street's biggest banks expect the Federal Reserve to end the process of shrinking its balance sheet next April, holding the line relative to what they told the central bank in July. ...

Russia to raise foreign company 'exit tax' to 35% from 15%, business daily reports

Russian authorities are set to raise the one-off contribution that foreign companies leaving the country must make to the state treasury to as high as 35% from 15%, the RBC business daily reported on...

Fed seen delivering 25 bps cut next month after inflation data

Traders on Thursday added to bets the Federal Reserve will deliver a 25 basis point interest-rate cut in November after a government report showed inflation last month was a bit firmer than expected. ...

BOJ may not be as dovish as Ueda's cautious rhetoric suggests

Japan's improving economic conditions and receding U.S. recession worries are likely to bring prospects of a December or January interest rate hike back into view, even as a new government complicates...