Currencies

Dollar holds ground as bonds find footing, jobs data looms

TOKYO -The dollar mostly held its ground on Friday as bond markets stabilised and traders awaited key U.S. jobs data expected to firm up the case for an interest rate cut by the Federal Reserve. ...

Markets brace for volatility amid Trump's Fed maneuvers

Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on...

US Justice Department opens criminal mortgage fraud probe into Fed Governor Cook

The U.S. Justice Department has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook and has issued grand jury subpoenas out of both Georgia and Michigan, according to...

DOJ issues subpoenas as part of probe into Fed governor Lisa Cook, WSJ reports

The U.S. Justice Department has opened a criminal investigation into Federal Reserve Governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on...

US service sector regains speed in August; employment weak

WASHINGTON -U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management said on Thursday its...

Toronto home sales decline in August as recovery stalls

TORONTO -Greater Toronto Area home sales fell for the first time in five months in August and prices edged lower, Toronto Regional Real Estate Board data showed on Thursday. Seasonally...

DAX Edges Upward as Investors Eye US Labor Market

Investors on the German stock market largely kept a low profile on Thursday. The DAX was up 0.1 percent in early trading at 23,621 points, following a half-percent gain on Wednesday. The prospect of...

Chinese investment doubles in Brazil, jumping to No. 3 destination

SAO PAULO -Brazil has emerged as the third-biggest destination for Chinese investments in the world, a study showed, with dozens of projects across several sectors attracting $4.2 billion last year,...

Fed announces October conference on payments innovation

WASHINGTON -The U.S. Federal Reserve announced Wednesday it would host an Oct. 21 conference on payments innovation. The conference will explore emerging topics like stablecoin use...

Musalem says Fed policy in right place, warns of job market risks

St. Louis Federal Reserve President Alberto Musalem said on Wednesday the U.S. central bank's monetary policy is in the right place given current economic data, in remarks that flagged rising risks...

Fed rate cuts and doubts over independence to keep US dollar under pressure

BENGALURU -The U.S. dollar will weaken over coming months as market participants ponder the Federal Reserve's future independence and how many more rate cuts it may deliver, a Reuters survey of...

Japanese investors are leaving the reflation trade to foreigners

SINGAPORE -Japanese financial markets are undergoing a long-awaited reflation trade. There's just one missing factor: the Japanese investor. Foreign buyers have been in the driving seat...

Brazil asks to become member country of International Energy Agency

PARIS -Brazil has made a formal request to become a member country of the International Energy Agency , said the IEA on Tuesday, in a move which would reinforce Brazil's importance in global energy...

Fed at a potential pivot point on jobs as storylines diverge

WASHINGTON -Job growth over the last three months has hit one of the weakest patches, outside the pandemic, since the U.S. economy was limping to recover from the 2007 to 2009 financial crisis and...

India eyes Russia, Brazil, Netherlands for pharma export growth as US tariffs concerns linger

India plans to increase pharmaceutical exports to Russia, the Netherlands and Brazil, according to two industry sources aware of the matter, aiming to expand its presence beyond the United States,...

Sterling, Japanese yen slump on investor anxiety over public finances

SINGAPORE -Sterling and the Japanese yen slumped on Tuesday on the back of growing investor anxiety about government finances, allowing the dollar to claw back some ground after five days of selling....

Exclusive-Fed should be independent but has made mistakes, Treasury Secretary Bessent says

ARLINGTON, Virginia -U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had made a lot of mistakes and defended President Donald Trump's...

Republican lawmaker Lankford says it's important for Fed to be independent

WASHINGTON -A Republican U.S. senator on the finance committee on Sunday stressed the importance of an independent Federal Reserve, diverging from Vice President JD Vance's statement that the...

Brazil's Lula in "no rush" to retaliate against US tariffs

SAO PAULO -Brazilian President Luiz Inacio Lula da Silva said on Friday he is in no rush to reciprocate tariffs imposed by the United States on goods from his country, and reiterated that his...