Currencies

US equity funds see first weekly outflow in six weeks

U.S. equity funds witnessed their first weekly outflow in six weeks in the week through November 26, as concerns over lofty tech valuations prompted investors to take profits and overshadowed...

US defense firm Anduril faces setbacks from drone crashes

NEW YORK -A U.S. military plane soared over Florida's Eglin Air Force Base earlier this month and released a drone made by the defense tech giant Anduril Industries to test whether it could take...

Brazil seeks US cooperation in money-laundering probe

BRASILIA/RIO DE JANEIRO -Brazil will seek U.S. cooperation in fighting organized crime in its fuel sector, Finance Minister Fernando Haddad said on Thursday, after a police operation flagged money...

BOJ preps markets for near-term hike as weak yen overshadows politics

TOKYO -The Bank of Japan is preparing markets for a possible interest rate hike as soon as next month, sources say, reviving previous hawkish language as worries about sharp yen declines return and...

TSX opens higher as investors weigh Fed rate-cut prospects

Canada's main stock index opened higher on Monday, with mining stocks leading the gains, as investors weighed growing odds of a U.S. Federal Reserve interest rate cut in December. At...

DAX Rises After a Week of Losses - Interest Rates and Ukraine in Focus

Following a string of losses last week, the DAX rebounded on Monday. Germany's leading index opened trading about one percent higher at 23,280.32 points, after shedding nearly 3.5 percent over the...

Union asks judge to order Trump officials to fund US consumer watchdog

A federal employees' union on Sunday asked a federal judge to order the Trump administration to fund the top U.S. consumer watchdog, weeks after the agency said its cash could run out by year's end. ...

Fed's Miran would back 25-bp rate cut if he were 'marginal vote' - BBG TV

Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a rate...

Canada stocks edge higher as Fed rate cut bets rise

Canada's main stock index edged higher on Friday as investors raised bets on a December interest rate cut by the Federal Reserve, while markets stabilized after the previous session's hammering. ...

Top ECB officials urge EU to remove internal barriers amid Trump tariffs

FRANKFURT -The European Union can offset the economic drag from U.S. trade tariffs and deglobalisation by removing internal barriers, top European Central Bank policymakers said on Friday. ...

'Stale' September jobs data is mixed news for a divided Fed

The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal Reserve...

Instant View: Job growth accelerated in September, unemployment rate ticks up

NEW YORK -The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while expectations...

Trump's big bill will boost growth but impact muted by Fed interest rates, research shows

WASHINGTON -The Trump administration's mammoth fiscal legislation will boost economic growth next year, but the impact will be partially undercut by Federal Reserve interest rates kept higher than...

Fed's Hammack warns more rate cuts court financial stability risks

Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy. Given the persistence of...

Many Fed policymakers at last meeting were opposed to December rate cut

WASHINGTON -A divided Federal Reserve cut interest rates last month even as policymakers cautioned that doing so could risk entrenched inflation and a loss of public trust in the U.S. central bank,...

US canceling October's employment report after shutdown prevented data collection

WASHINGTON -The U.S. Bureau of Labor Statistics said on Wednesday it would not be publishing the closely watched employment report for October, but will combine nonfarm payrolls for that month with...

Bank of Canada urges coordinated approach to boost weak productivity

The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in the face of challenges caused by U.S. trade...

Fed's Miran calls for exempting Treasuries from bank leverage rule

WASHINGTON -Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S. Treasury bonds from a key bank leverage ratio, arguing agencies should go further than previously...

Cash allocation strategies across US companies could be missing out on millions, report shows

Corporations across the U.S. could potentially be leaving millions on the table depending on their cash management strategies, according to research published by Clearwater Analytics on Tuesday. ...