Currencies

US payrolls benchmark revision estimate suggests labor market weaker than previously thought

The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before...

US employment growth through March revised sharply lower

WASHINGTON -The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already...

Stocks upbeat as prospect of Fed easing outweighs political uncertainty

Asia stocks rose on Tuesday, buoyed by expectations of a U.S. rate cut as early as next week, even as political upheavals around the world kept currency and bond investors on edge. ...

Political turmoil comes thick and fast

A look at the day ahead in European and global markets from Rae Wee The political noise just keeps coming. Over the span of a few days, British Deputy Prime Minister Angela...

US job growth through March expected to be revised down sharply

WASHINGTON -The level of U.S. employment for the 12 months through March could be slashed by as many as one million jobs when the government publishes its preliminary nonfarm payrolls benchmark...

US dollar falters on rate outlook, yen retreats amid Japan uncertainty

The dollar extended its decline on Monday in the wake of Friday's weak U.S. jobs report, which all but cemented an interest rate cut this month, even as the yen fell after Japanese Prime Minister...

Tankmaker KNDS to decide on IPO within months, Germany could take stake, CEO says

AMSTERDAM -Franco-German defence supplier KNDS will decide in the coming months whether to launch an initial public offering next year, CEO Jean-Paul Alary said on Monday, and suggested the German...

US dollar drops on rate cut outlook; yen down amid political uncertainty in Japan

The U.S. dollar fell on Monday, extending losses after Friday's weak U.S. jobs report that reinforced expectations of a Federal Reserve rate cut this month, while the yen fell broadly after Japanese...

Yen dented by Japan PM's resignation announcement; dollar wobbles

The yen fell on Monday after Japanese Prime Minister Shigeru Ishiba said he would resign, while the dollar remained on shaky ground after Friday's weak U.S. jobs report, which cemented expectations of...

StanChart expects Fed to cut rates by 50 bps next week after weak jobs data

Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its policy meeting this month, double its earlier projection of a 25-bp reduction, following a soft...

Yen slides after Japan PM Ishiba resigns, dollar wobbles

The yen fell sharply on Monday following the resignation of Japanese Prime Minister Shigeru Ishiba, while the dollar remained on shaky footing after Friday's weak U.S. jobs report cemented...

Fed rate cut optimism lifts sentiment, yen slips on political uncertainty

Stocks rose and the dollar wobbled on Monday after dismal U.S. labour data sealed the case for an interest rate cut this month, while the yen fell as investors girded for uncertainty in Japan...

StanChart revises Fed cut expectations to 50 bps in Sept after weak US jobs data

Standard Chartered expects the U.S. Federal Reserve to cut interest rates by 50 basis points at its September 17 meeting, after August jobs growth came in far below expectations and unemployment rose...

Yen sinks after Japan PM Ishiba resigns

The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak U.S. jobs report that cemented...

US bond market may be too sanguine about underlying fiscal, inflation risks

NEW YORK -Some investors see potential cracks in the U.S. bond market and red flags from recent whipsawing moves, saying the market is underpricing long-term fiscal risks and the danger posed by...

Canada to give automakers a break on EV sales target, offers tariff aid

OTTAWA -Canada on Friday said it was waiving a requirement that 20% of all vehicles sold next year be emissions-free, part of an aid package designed to help companies deal with damage done by U.S....

US job growth slows sharply in August, unemployment rate ticks higher

NEW YORK -The pace of U.S. job growth slowed more than expected in August, and the unemployment rate increased, pointing to signs of slowing labor market conditions and boosting expectations the...

Canada's economy sheds 65,500 jobs in August

TORONTO -Canada's economy lost 65,500 jobs in August and the jobless rate fell to 7.1%, a nine-year high outside the pandemic years, Statistics Canada data showed on Friday. Market...

US unemployment rate near 4-year high as labor market hits stall speed

WASHINGTON -U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the...