Analysis: Currencies

Fed's Barr: Discount window can be source of normal funding for banks

The Federal Reserve's point man on bank oversight, Michael Barr, said on Thursday that banks should use the central bank's discount window whenever they need it, not just when they face funding...

Milei's austerity seen pushing half of Argentina into poverty

Irma Casal, a 53-year-old in Buenos Aires, works three shifts as a garbage recycler, cardboard collector and bricklayer, but, like many Argentines at a time of rising poverty, she still struggles to...

US weekly jobless claims unexpectedly fall

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to a still low level of layoffs that could ease fears over the labor market's health. ...

US economic growth, corporate profits revised higher in 2023

The U.S. economy grew faster than initially thought in 2023 amid upgrades to business investment and consumer spending despite hefty interest rate increases from the Federal Reserve, revised...

Foreign investors cheer China's stimulus - from a distance

As the market euphoria to China's biggest stimulus since the pandemic settles, foreign investors are now asking whether the $114 billion toolkit will provide the spark needed to turn around a beat-up...

M&A seen slowing ahead of US elections after uneven third quarter

Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a...

Social media platform X set to request restoration of service in Brazil, sources say

Elon Musk's social media platform X will file documents requested by Brazil's Supreme Court and ask by this Monday that service be restored in the country, according to two people familiar with the...

Shadow of Abenomics clouds BOJ's rate hike path

Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan's ruling party leadership race may add pressure on the central bank to go slow on raising interest rates...

US consumer confidence ebbs in September on labor market fears

U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market. The Conference Board said on Tuesday its consumer confidence index...

US bond ETF launches up 50% from year-ago levels

Launches of bond-focused exchange traded funds have nearly doubled over year-ago levels in 2024, boosted by expectations of interest rate cuts by the Federal Reserve, according to data from CFRA and...

Currencies: Counter-intuitive

Like the initial reaction to the first US rate cut, anticipating medium-term market reactions is not always easy. Even after years of dissecting stocks and reactions, the field of discoveries is vast...

Fed adrenaline keeps pumping, PBOC inertia may drag

A look at the day ahead in Asian markets. The adrenaline from the Federal Reserve's bold interest rate cut and signal of intent to keep easing still appears to be coursing through global...

Exclusive-Harris to release new economic proposals this week on US wealth creation, sources say

U.S. Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three...

Court gives 5 days for X to validate its Brazil legal representative

The Brazilian Supreme Court gave Elon Musk-owned social platform X five days to present documents validating its new legal representative in the country, a court decision showed on Saturday. ...

X names Brazil legal representative, its lawyers say

Elon Musk-owned social media platform X has named a legal representative in Brazil, the firm's lawyers said on Friday, in a move that would address one of the demands imposed by Brazil's top court to...

Tech giants push to dilute Europe's AI Act

The world's biggest technology companies have embarked on a final push to persuade the European Union to take a light-touch approach to regulating artificial intelligence as they seek to fend off the...

Russia discussing hefty hike in 'exit tax' for foreign firms, RBC reports

Russian authorities are discussing raising the one-off contribution that foreign companies leaving the country must make to the state budget to as high as 40% from 15%, the RBC daily reported on...

BOJ tankan expected to show big manufacturers' mood steady

Japanese big manufacturers' business sentiment likely stayed steady in the three months to September, while non-manufacturers' confidence weakened slightly, a Reuters poll showed on Friday, reflecting...

Central bank baton passes to Japan, China

A look at the day ahead in Asian markets. A bumper week of central bank meetings that included the U.S. Federal Reserve on Wednesday and the Bank of England on Thursday rounds off on...