Currencies

Fed needs to move slowly with further rate cuts, Jefferson says

WASHINGTON -Federal Reserve Vice Chair Philip Jefferson said on Monday the U.S. central bank needs to proceed slowly with any further interest rate cuts as it eases policy towards a level that would...

Canadian home sales regain positive momentum in October

TORONTO -Canadian home sales rose 0.9% in October from September as lower borrowing costs helped offset uncertain prospects for Canada's economy, data from the Canadian Real Estate Association showed...

Fed's Schmid: inflation is too hot, policy is where it should be

Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about too hot inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could...

Etihad Airways nine-month profit up 26% as passenger revenue jumps

ABU DHABI -Etihad Airways reported a nine-month profit of 1.7 billion dirhams on Friday, up 26% year-on-year, driven by higher revenue in both its passenger and cargo businesses. ...

US weekly jobless claims edge down, Haver Analytics estimates

WASHINGTON -The number of Americans filing new applications for unemployment benefits eased slightly last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions that...

Bostic announces retirement amid Trump push for more influence over Fed

WASHINGTON -Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the U.S. central bank's 12 regional banks, said on Wednesday he will retire at the...

Fed's Waller: streamlined payment accounts to be operational by 4Q 2026

The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, Fed...

Fed may soon start buying bonds to manage market liquidity, Williams says

NEW YORK -New York Federal Reserve President John Williams reiterated on Wednesday the time is getting closer when the U.S. central bank will have to restart bond purchases as part of a technical...

Yen stablecoin issuer predicts growing presence in Japan's bond market

TOKYO -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's first domestic...

Trump says 50-year mortgages would be no 'big deal'

WASHINGTON -U.S. President Donald Trump downplayed efforts to offer a 50-year mortgage as a way to make owning a house more affordable than with typical 30-year loans, even as homeowners would pay...

Biggest IKEA retailer reports profit rise as it tries to sway budget-conscious buyers

STOCKHOLM/LONDON -The world's biggest retailer of IKEA furniture reported a rise in annual profit on Tuesday, while it tries to bring back cash-strapped consumers, and said it had raised prices in...

What is climate finance and why does it matter?

BELEM, Brazil -Countries trying to shift to clean energy while also preparing for extreme weather and other impacts in a warmer world will need money - a lot of it. As the costs and risks of global...

US consumer watchdog says it is legally blocked from accessing funds

WASHINGTON -The top U.S. consumer watchdog said on Monday it was legally prohibited from drawing cash from the Federal Reserve to support continuing operations, but that its current funding should...

European business braces for greater impact from US tariffs in 2026

BRUSSELS -European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed...

Canada's job market posts surprise expansion in October, unemployment falls

OTTAWA -Canada's job market made a surprise gain in October, reversing past declines, and its unemployment rate fell, data showed on Friday, a bright spot in a country that has suffered from U.S....

Fed's Williams: Fed may soon need to expand balance sheet for liquidity needs

NEW YORK -The U.S. Federal Reserve may soon need to grow its balance sheet through bond purchases and could consider shortening the average duration of its debt holdings, Federal Reserve Bank of New...

US weekly jobless claims increase moderately, Haver Analytics estimates

WASHINGTON -The number of Americans filing new applications for unemployment benefits increased marginally last week, Haver Analytics estimated on Thursday, pointing to stable labor market conditions...

Fed right to cut rates to support job market, Musalem says

NEW YORK -Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the U.S. central bank has been right to cut interest rates to help the job market. The cuts have...

Fed's Miran says he expects rate cut in December

Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to. I...