Currencies

Brazil eyes financial guarantees, tax breaks for strategic minerals

BRASILIA -Brazil's government is looking to offer financial guarantees to fund strategic mineral projects and tax incentives for their processing and industrialization, it said after the first...

Fed's Miran says he is not focused on asset price boom in push for lower rates

WASHINGTON -Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some cases record-high -- asset...

Greer, Bessent blast China's rare earths curbs, urge Beijing not to implement them

WASHINGTON -Top U.S. officials on Wednesday blasted China's major expansion of rare earth export controls as a threat to global supply chains, but said Beijing could still change course and avoid...

US economic activity little changed, employment stable in recent weeks, Fed says

U.S. economic activity was little changed and employment was largely stable in recent weeks, the Federal Reserve said on Wednesday, but there were emerging signs of weakness including more layoffs...

Bessent says yen will find its own level if Bank of Japan follows 'proper' policy

WASHINGTON -U.S. Treasury Secretary Scott Bessent said on Wednesday the yen will find its own level if the Bank of Japan follows proper monetary policy. Bessent made the remarks to...

'Made in Argentina' factories shutter, creating more challenges for Milei

By Nicolás Misculin BUENOS AIRES -For decades, Lumilagro rode to prosperity on the popularity of its signature steel or glass thermoses Argentines use to carry hot water to make mate,...

Data darkness in US spreads a global shadow

TOKYO/WASHINGTON -The U.S. government shutdown that has turned off the official flow of data could begin clouding the view for policymakers in Japan and other countries where insight into the...

Asian equities draw inflows in September on Fed rate cut outlook, AI optimism

Asian equities saw strong inflows in September, boosted by the U.S. Federal Reserve's first rate cut in nine months, expectations of further easing this year, and a weaker dollar that lifted demand...

Economists see stronger US growth, but weak job gains and stickier inflation

WASHINGTON -Surging business investment is expected to offset weaker growth in consumption and global trade and keep the U.S. economy growing near trend, according to a National Association for...

Brazil to begin construction on TikTok data center in six months, minister says

SAO PAULO -Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais in investment. ...

Fed should 'tread with caution' on rate cuts, Musalem says

St. Louis Federal Reserve President Alberto Musalem on Friday said he sees possible room for one more interest rate cut to shore up the labor market, but urged caution because inflation remains...

Stocks, dollar tumble; Trump says he will raise China tariffs to 100%

NEW YORK -Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as...

Stocks, dollar fall as Trump threatens increase in China tariffs

NEW YORK -Stock indexes fell sharply, with the Nasdaq down more than 2%, while Treasury yields fell and the U.S. dollar weakened on Friday after President Donald Trump said he was weighing a massive...

Waller says interview for Fed chair went 'great', not political

Federal Reserve Governor Christopher Waller on Friday said his interview with Treasury Secretary Scott Bessent to be the next U.S. central bank chief went well and was not at all political. ...

Canada posts surprise jump in job gains in September, unemployment rate unchanged

OTTAWA -Canada's economy posted a surprise 60,400 net job gains in September, almost entirely reversing the losses of the previous month, data showed on Friday, though the unemployment rate remained...

Trump boosts Argentina's Milei with $20 billion lifeline as US buys pesos

The U.S. Treasury finalized a $20 billion currency swap framework with Argentina and bought pesos in the open market on Thursday, making good on President Donald Trump's pledge to prop up the...

Fed should be cautious on rate cuts due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday, in a speech that leaned heavily into the risks of inflation, even...

US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines

WASHINGTON -U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular...

Fed should be cautious due to inflation risks, Barr says

The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday in a speech that leaned heavily into the risks of inflation, even as...