Currencies

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...

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 keeps interest rates steady, sticks to upbeat economic view

The Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery. In a widely expected move, the central bank left...

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...

BOJ to keep policy steady, signal more rate hikes to come

The Bank of Japan is set to keep monetary policy steady on Friday, but signal its confidence that solid wage growth and consumption will allow the central bank to raise interest rates again in coming...

Dax hits record high after US interest rate turnaround - 19,000 in sight

The long-awaited interest rate turnaround in the USA gave the Dax a tailwind on Thursday. The leading German index climbed by 1.5 percent to a new record high of 18,991.52 points. The...

Bank of Canada: consensus decisions don't mean all members agree on path for rates

Even though the Bank of Canada takes rate decisions on a consensus basis, this does not mean governing council members all share the same view on the path for rates, deputy governor Nicolas Vincent...

Biden to hail US economic progress after Fed rate cut, no victory lap yet, officials say

U.S. President Joe Biden will tout progress in bringing down inflation and boosting employment on Thursday after the Federal Reserve's interest rate cut, while vowing to keep working to lower costs...

Bullish bets steady on Asian currencies as Fed easing bets soften dollar

Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven by a dovish Federal Reserve enhanced...